Financelot
@FinanceLancelot
When asked how far away this new system is, The Bank for International Settlements (BIS) responded:
"Many components are already in place… the New York Fed has been trialing tokenized deposits in combination with a CBDC."
https://youtube.com/watch?v=VvV9Gof_Rao
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Financelot
@FinanceLancelot
·
2h
The collapse of thousands of regional banks will give them the justification necessary to impose a dramatically new system.
Conveniently the FedNow framework went live in July & has been quietly waiting on the sidelines.
Bank for International Settlements (BIS)
26 June 2023 twitter.com/FinanceLancelo…
https://twitter.com/FinanceLancelot/status/1693351233568887172