
UN Chief: Global Financial System Needs Overhaul
The Bretton Woods System is “outdated, dysfunctional, and unfair,” the UN Secretary-General said at the G7 Summit in Hiroshima. Could this be the moment for CBDCs?

The Bretton Woods System is “outdated, dysfunctional, and unfair,” the UN Secretary-General said at the G7 Summit in Hiroshima. Could this be the moment for CBDCs?

No more tax evasion with crypto, as service providers now need licenses to operate and are required to collect and share data on all transactions with the relevant authorities.

Officials also seized over 100 firearms, almost a tonne of drugs, and more than €50 million in cash and cryptocurrency.

Anthony Scaramucci believes there is a strong moral case for crypto. Whereas the Federal Reserve can inflate away our money today, crypto remains impervious to such measures.

To highlight the basic nature of crypto currencies, we will focus on the two most popular: Bitcoin and Ethereum. These two cryptos differ much in the same way as gold-standard currency differs from fiat currency.

While our current monetary system rests on national currencies and regulated banks, every new user of a cryptocurrency unlocks the potential of a system that cannot be overruled, made redundant, or inflated away. This is what scares monetary authorities the most.