The ratification of the United States Constitution was a pivotal moment in American history, marking the establishment of the federal government's structure and solidifying the nation's foundational laws.
The tests, which took place over 12 weeks with some of the world's leading banks, including Citigroup Inc. and Wells Fargo & Co., sought to evaluate the potential of digital currencies to enhance both domestic and international payment systems.
In the throes of an oppressive rule, when the colonial yoke grew unbearably heavy, our forefathers penned a revolutionary idea in the annals of human history—the right of the people to reject a despotic government.
"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. In essence, it replicates George Orwell’s dystopian society depicted in 1984," critics have argued.
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.
