The BIS in Basel, Switzerland is the central bank to central banks all of which represent a giant vampire squid on planet earth. When CBDC accounts are opened directly by the public, the U.S. Treasury will be obsolete and powerless, as will our Congress that has responsibility to coin money. This means total control over currencies by one monolithic structure that sits out of reach from all governments.Read More
Fintech & Blockchain
Cryptocurrencies are marketed as being safe, secure and private. Victims of crypto-crooks find differently. If you base your fortune on holding cryptocurrencies, remember that criminals are smarter and trickier than your ability to defend your assets. In time, people will call for central banks to provide security.