Italy Approves New Guidelines For Central Bank Digital Currency

• Italy Approves New Guidelines For Central Bank Digital Currency
  by Tyler Durden, https://www.zerohedge.com/
  Central banks around the world are examining the use of digital currencies. As of recent, central banks of the U.K., Sweden, Thailand, China, and the US are studying whether there are advantages of the digital form of their fiat money. And the answer is yes, the government and banking elites will seize even more power from the people.
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  Called central bank digital currencies (CBDCs), this “digital fiat” — digital money can be directly sent to people’s bank accounts. It eliminates physical cash – which is the end game for banking elites.
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  A CBDC gives a government complete control over its currency. This will increase their financial-surveillance over the people. When a bank fails, there will be no bank run, because people can’t withdraw their money from that bank. This means when a financial crisis strikes, it will allow governments to do “bail-ins” where the people, like it or not, will be forced to take a haircut on their deposits to save the failing institution.
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