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Cash

IMF Announces Single Global Digital Currency in Push to Eliminate Cash

June 20, 2023 - 12:57 pm by Frank Bergman

The head of the International Monetary Fund (IMF) has announced that the global body is “working hard” on the development of a single “global” digital currency.

Categories News Tags Cash, CBDC, Digital Cash, IMF, Kristalina Georgieva, World Economic Forum 7 Comments

WEF Pushes for ‘End of Cash’ amid Banking Crisis

March 21, 2023 - 8:49 amMarch 18, 2023 - 12:57 pm by Frank Bergman

The World Economic Forum (WEF) is hailing the opportunity presented by the global banking crisis to advance toward its goal of a “cashless society.”

Categories News Tags Big News, Cash, CBDC, Deutsche Bank, Digital Cash, Klaus Schwab, Marion Laboure, World Economic Forum 44 Comments

Biden’s Push for Digital Cash Raises Major Concerns

December 25, 2022 - 12:31 pm by Frank Bergman

As Democrat President Joe Biden continues to push for “digital cash,” major concerns are being raised about the implications of a “cashless” society.

Categories News Tags Biden, Biden Bucks, Cash, Digital Cash, Digital Dollar, George Orwell, World Economic Forum 9 Comments

European Union to Ban Cash Transactions over €10,000

December 11, 2022 - 5:02 amDecember 10, 2022 - 3:55 pm by Frank Bergman

The European Union is introducing new laws that will ban transactions over €10,000 ($10,557) in a major push toward an eventual cashless society.

Categories News Tags Big News, Cash, Cryptocurrency, Digital Cash, European Central Bank, European Union 9 Comments

European Central Bank: Cash ‘Not Fit’ for Digital Economy

August 23, 2022 - 11:21 amAugust 23, 2022 - 10:10 am by Nick R. Hamilton

The European Central Bank (ECB) has dismissed privacy concerns about a central bank digital currency (CBDC) and declared that physical cash is “not fit” for a digital economy.

Categories Economy Tags Business, Cash, CBDC, Christine Lagarde, European Central Bank, News 4 Comments

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