Techcom Inc (TCRI)

[falon]

They not only know they can't stop it, they want to start their own PARTY!

The administration is also expected to weigh in on the possibility of the U.S. issuing a government-backed coin, known as a central bank digital currency or CBDC, the people familiar with the talks said. But, according to one of the people, the administration is likely to hold off on taking a firm position, as the Federal Reserve is still considering the issue. On Thursday, the Fed released a preliminary paper on the matter and opened a public comment period through May 20.


A CBDC could be a way for the U.S. to stay competitive with the explosive growth of private cryptocurrencies and coins produced by other nations, including China. The Fed said it does not intend to move forward without the support of the White House and Congress.

What is a Central Bank Digital Currency and why should people prefer CBDC over bank accounts

https://daml.com/blog/engineering/what-is-a-central-bank-digital-currency-and-why-should-people-prefer-cbdc-over-bank-accounts?utm_source=google&utm_medium=paid_search&gclid=EAIaIQobChMIsP-voc_c9QIVFgaICR20dQX7EAAYAiAAEgLeb_D_BwE

What is a Central Bank Digital Currency?

https://www.federalreserve.gov/faqs/what-is-a-central-bank-digital-currency.htm



Are there any central bank digital currencies?
A central bank digital currency is the virtual form of fiat money. As such, it has the full faith and backing of the issuing government, just like fiat money does. CBDCs are meant to represent fiat currency. ... There were 83 countries around the world pursuing CBDC development as of October 2021.

https://www.investopedia.com/terms/c/central-bank-digital-currency-cbdc.asp