Central Bank Digital Currency: BIS Honcho Speaks

Uh oh.

This is not the future I was promised.

CBDC's will not be "digital cash."

The speaker, Augustin Carstens is the General Manager of the Bank for International Settlements.

Now we have this pompous authoritarian, Agustín Carstens, head of the @BIS_org.

CBDC is NOT digital cash.

"Central banks will have absolute control on the rules and regulations that will determine the use...& we will have the technology to enforce that." https://t.co/TWEyPX8pHj pic.twitter.com/4OUMWsLS3R

— Rudy Havenstein, sixes and sevens and nines. (@RudyHavenstein) July 15, 2021

 

He doesn't sound so much pompous as he sounds very confident in what he is saying.

That snippet is from this longer video of a panel discussion among some serious players on October 19, 2020: 

Cross-Border Payments—A Vision for the Future

Mr. Carstens begins speaking after being introduced at the ~22:00 mark.

As one commenter on the Havenstein thread responded:

As a side note. Göring was obese, being called Fat Hermann behind his back:

but lost the weight prior to and during his trial.

He cheated the hangman by committing suicide a couple hours before their date.