SAMA continues Central Bank Digital Currency experimentations
- Date: 23-Jan-2023
- Source: Argaam
- Sector:Financial Services
- Country:Saudi Arabia
SAMA continues Central Bank Digital Currency experimentations
The Saudi Central Bank (SAMA) continues to experiment the Central Bank Digital Currency (CBDC) as it is currently working on a phase of a project that focuses on domestic wholesale CBDC use cases in collaboration with local banks and fintechs.
This project is in line with several central banks’ CBDC initiatives across the globe and comes as part of SAMA's ongoing research and experimentation on CBDC. During this phase, SAMA seeks to explore CBDC economic impact, market readiness, and potential robust and fast applications of a CBDC-based payment solution. In addition, SAMA seeks to review policy, legal and regulatory considerations before moving to the next phases of the CBDC journey to contribute to achieving the objectives of Saudi Vision 2030.
SAMA stressed that although no decision has been made regarding the introduction of CBDC in the Kingdom, it continues to focus on exploring the benefits and potential risks of implementing CBDC. This will contribute to informed decision-making within SAMA and to CBDC explorations within the central banking community.
SAMA Governor, Fahad Almubarak, stated that local banks and payment companies will always be a cornerstone of this project and its implementation, SAMA stated that it has engaged both local banks and fintechs, as well
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🇨🇳 Residents and firms based in #China’s Fujian Province have reportedly processed almost $22 billion worth of digital yuan transactions to date – as the nation’s central bank digital currency (CBDC) continues to gather pace.
Read more 👇
https://loom.ly/9CeJ_u8
- Países de todo el mundo están implementando las CBDC (Central Bank Digital Currency) que van a sustituir al sistema financiero clásico para tener controlado cada aspecto de nuestra vida.
- Explícamelo como si llevara mascarilla y 5 dosis.
- Que se va todo a la mierda, Julián.
Glenn warned about dangerous Central Bank Digital Currency (CBDC) language being smuggled into routine legislation in REPUBLICAN-led states. This is unacceptable, and as Glenn said, we can't let this legislation pass as it now stands.
https://www.glennbeck.com/contributor/12-gop-states-push-cbdc
The Deep State has been forced to rush their Great Reset. Their Central Bank Digital Currency is a centralized system intended to control humans and ban you from using your money without CBDC approval. Their push will be strong but will ultimately fail.
those with bank accounts THESE ARE THE MOMENTS YOUR GOVT SCARING YOU INTO DIGITAL CURRENCY SO THEY CAN CONTROL EVERY ASPECT OF YOUR LIFE: plandemic part 2. wuhan fauci biden gene therapy HPV shots for kids merck pfizer @AllenDMartin @MattWalshBlog @RubinReport @scrowder… https://twitter.com/i/web/status/1636743120414216195
21 trilion in the monopoly money supply
53 billion in actual cash is all that exists. 2%
We are nearly digital already. It's only one small step to Central Bank Digital Currency and with facial recognition...
You will be in chains.
Biden wants a Central Bank Digital Currency that gives the government police state power over our economic lives. #conservative #politics #CBDC #digitalcurrency #policestate on #SoundCloud https://on.soundcloud.com/1dFsM
What is $AVO🥑
Avocado Baby is a deflationary digital currency on the Corechain, set to be the first legal tender token with utilities backing and is 100% community driven.🥑
🥑UTILITIES
🥑 P2E
🥑 L2E
🥑 NFTS
🥑 STAKING
🥑 METAVERSE
🥑 GOVERNING
🥑 GAMING
🥑 BANK
etc......
They want to censor us because we talked to each other about why the banks have never earned our trust. This looks like a controlled demolition of banking maybe to usher in a new central bank digital currency. I personally won't mind watch the bankers be automated out, but...
“I want people to read Executive Order 14067…it went into effect December 13, 2022…there are Corporations and elements of the U.S. Government are already beta-testing Central Bank Digital Currency…” -LTG Michael Flynn
The meaning of cz is
1. three shears, investment institution
2. luna, digital currency
3.ftx, exchange
4svb, bank
Did the four institutions explode and start the bull market? #bitcoin
How does one audit Quantum Fractional Central Bank Digital Currency with infinite reserves?
How do you audit Infinity?
Got #Bitcoin?
All these banks are audited, right?
Crazy idea: maybe banks should do a Proof-of-Reserve using merkle trees? 🤷♂️
Even if it is not 100%, we should know the %, right? Transparency.
PAY ATTENTION to The bank crisis ppl! Not ur politicians! They created this mess to take all your hard earned money to pocket it for themselves! Then they can make it up 2 U thru CBDC! Central Bank Digital Currency! They will control EVERYTHING u will b, & not b able to purchase.
Friday on FNC’s “Tucker Carlson Tonight,” Gov. Kristi Noem (R-SD) decried legislation passed by the South Dakota Legislature to update the definition of cu...Read more: https://www.breitbart.com/clips/2023/03/11/noem-central-bank-digital-currency-paving-the-way-for-federal-control-of-currency-to-control-people/
Say NO to central bank digital currency (CBDC). The US dollar is already a digital currency. CBDC projects are about tyrannical social control & domination. Thank you @govkristinoem for leading the charge. https://www.youtube.com/watch?v=WVfRzWlmiXg
#WakeUpAmerica
Noem: Central Bank Digital Currency Paving the Way for Federal Control of Currency to Control People https://www.breitbart.com/clips/2023/03/11/noem-central-bank-digital-currency-paving-the-way-for-federal-control-of-currency-to-control-people/ via @BreitbartNews
The Reserve Bank of Australia (RBA) has announced that it is starting an exploration of potential use cases for a central bank digital currency (CBDC)
#bizfeed @bizfeedlog #CBDC #Australia #entrepreneurs #business #success #tranding #research #Financial
https://tinyurl.com/2p8vyu6z
Contexts for Central Bank Digital Currency
What will the self-proclaimed Masters of the World do with programmable currency?
By Simon Elmer
11th March 2023
https://www.ukcolumn.org/article/contexts-for-central-bank-digital-currency
#whatif you were hostage of a digital currency
in case of a bank run? You'd lose all...?
"you could do nothing... so you'd be... happy"
LOL
Souds familiar?
The Banker's best insurance
is a proprietary digital currency:
if bank is taken down
customers are spoiled first, not him
With the current USDC drama caused by the collapse of Silicon Valley bank, this opens up for the use of Synthetic CBDCs instead of stablecoins backed by cash held at regulated banks, imo.
To further remove counterparty risk...
https://jonasgross.medium.com/synthetic-central-bank-digital-currency-scbdc-public-private-cbdc-collaboration-46a3f4eb9808
South Dakota's Governor Vetoes Bill That Would Have Paved the Way for Central Bank Digital Currency https://rumble.com/v2cm9mm-south-dakotas-governor-vetoes-bill-that-would-have-paved-the-way-for-centra.html
Wait for it, central bank digital currency incoming
🚨 @elonmusk says he is open to the idea of buying the collapsed Silicon Valley Bank and making it a digital bank
Las CBDCs y el botellón...
Australia está al otro lado.
Pero cada vez más cerca de establecer las temidas y ansiadas CBDCs (Central Bank Digital Currency).
¿Alarma?
Powell dice que Bitcoin se ira a 0 cuando se creen las cbdc, mientras tanto Btc en picos de transacciones…
Cbdc: (Central bank digital currency )
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