Amazon and JPMorgan are part of an effort to push Central Bank Digital Currency (CBDC) in Singapore, according to a paper released by the Monetary Association of Singapore (MAS).
Kristalina Georgieva, the Managing Director of the IMF, recently confirmed at a conference in Rabat, Morocco, that the fund is working diligently on a global infrastructure to ensure interoperability between CBDCs issued by national central banks.
"Ten banks working with an organization that is part of the Federal Reserve Bank of New York recently participated in a test for 12 weeks of an interoperable digital money platform that operates exclusively in U.S. dollar," a bill analysis stated.
The European Central Bank is in the final stage of investigating the digital euro project, which aims to create a digital currency accessible to all citizens of the euro area.
"By tracking every financial transaction, they will have access to every detail of our spending, the recipient of our money, and how we allocate our resources," says Kiyosaki.
The proposed digital currency in Texas would be unique as it would be based on a physical asset, gold, and each unit of the digital currency issued would represent a particular fraction of a troy ounce of gold held in trust.
