Related:
Dueling Digital Dollar Bills Debated in Congressional Hearing on U.S. CBDC
Will Citizens’ Distrust of Government Surveillance Stop CBDCs?
But the eNaira launch came nine months after the CBN effectively banned cryptocurrencies, which were used to fund anti-police brutality protests that swept the country in late 2020. The CBN claimed crypto jeopardized the financial system and could be used to fund terrorism and froze protestors’ bank accounts.
Citigroup, the American multinational investment bank and financial services corporation, has become the latest firm to wade into the blockchain waters as Citi Treasury and Trade Solutions (TTS) has announced the creation and pilot testing of the Citi Token Services for cash management and trade finance.
Citi launches blockchain-based token services for cash management and trade finance
In a rare scathing essay, Beijing’s foreign ministry has blasted Washington’s continued attempts at world domination
China meets American hegemony head-on
Related:
No holds barred as China launches frontal assault on American dollar hegemony
Disclaimer: This information is not presented as a source of financial advice. You should not rely, for financial advice, on statements or representations made within this blog or by any externally referenced Internet sites. Before making any final decisions or implementing any financial strategy, you should consider obtaining additional information and advice from your accountant or other financial advisers who are fully aware of your individual circumstances.
Just two business days after the crypto exchange FTX filed for bankruptcy and headlines swirled around the world suggesting it had used its crypto token to perpetuate a massive fraud reminiscent of Madoff’s Ponzi scheme, the New York Fed thought this would be an ideal time to announce it was launching a digital token pilot with the serial fraudster, Citigroup. (See here for the unintelligible, jargonized version from the New York Fed; here for the decrypted translation from CoinDesk; and here for a sampling of Citigroup’s rap sheet.)
The Latest Digital Token Scheme from Hell: New York Fed Teams Up with Citigroup and Sullivan & Cromwell
A project of the multilateral development banking system, the Rockefeller Foundation and the New York Stock Exchange recently created a new asset class that will put, not just the natural world, but the processes underpinning all life, up for sale under the guise of promoting “sustainability.”
Wall Street’s Takeover of Nature Advances with Launch of New Asset Class
Ms. Cat’s Chronicles 
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