Without CBDC Banks Risk Losing Influence
What Vladimir Okhotnikov Says About the SEC
With the general increase in the popularity of cryptocurrencies in society, not only in the sense of speculation, but also in the context of expanding access to financial resources, the authorities are beginning to become active.
We may soon be faced with a situation where central banks come under fire. Just look at what Christine Lagarde, a representative of the European Central Bank, says: she expresses fears about the loss of their anchor role, emphasizing that without digital currencies central banks risk losing relevance.
Lagarde notes the need to respond to demands in the field of digital payments, but no one is immediately demanding the introduction of central bank digital currencies - CBDC. According to her, this is more an attempt by central bankers to strengthen their control.
Thus, she is trying to absolve herself of responsibility, citing the fact that banks themselves will soon ask to introduce control over the movement of money.
Now imagine a world without central bankers. What will the globalists do then? I believe the following will happen by 2030:
- A digital ID will be assigned via a vaccination passport.
- Quotas will be designated through the so-called carbon wallet (it will display all expenses that resulted in an increase in the carbon footprint).
- A table will be displayed that summarizes the carbon points.
Vladimir Okhotnikov: the use of a central bank digital currency to track all expenses will be the apogee
The issue of central bank digital currencies (CBDCs) is causing lively debate. On the one hand, proponents see their potential to improve the efficiency of the financial system and simplify cross-border payments. On the other hand, critics fear excessive government control.
Indeed, the introduction of a CBDC could open up new opportunities to monitor transactions and enforce stronger measures against money laundering, tax evasion and the financing of criminal activities. However, this also increases the risk of compromising the confidentiality of personal financial data. But who cares?
The SEC is busy regulating. They have no interest in the lawful use of digital money. Their task is to drive the crypto business into the legal framework as much as possible, after which all that remains is to collect taxes.
Regarding the idea of introducing digital IDs and carbon footprint systems, there are serious concerns about the possible infringement of civil liberties and human rights. Such measures may be regarded as excessive control by the state and an invasion of the privacy of citizens.
On the other hand, proponents of such initiatives cite the need for urgent action to combat climate change and ensure sustainable development. They see digital IDs and carbon credits as an opportunity to encourage responsible consumption and the reduction of greenhouse gas emissions.
In any case, the implementation of such systems will require careful public debate and a search for a balance between individual rights and public interests. It is important to ensure transparency of processes and guarantee reliable protection of citizens’ personal data.
Perhaps a more sensible approach would be the gradual introduction of innovations based on the voluntary participation of citizens, rather than directive imposition of technological solutions from above. This will allow society to adapt to new realities and form generally accepted norms and rules for the use of digital tools.
So, we move to a new stage when enough influential people are included in the process. I have written about this recently: Тrump doubles down!
As you can see, the topic is quite important for understanding the consequences of financial innovations and their impact on our lives.
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