United Nations Security Council Counter-Terrorism Committee

Webtel.mobi Describes Why the High Debt of G7 Countries is a Likely Barrier to Global CBDC and Digital Currency Adoption

Retrieved on: 
Wednesday, October 20, 2021

Without this, a Global Clearing System with all major countries participation will not be able to be set up.

Key Points: 
  • Without this, a Global Clearing System with all major countries participation will not be able to be set up.
  • Without a Global Clearing System which must precede global CBDCs or Global Digital Currencies no international global CBDC or Global Digital Currency issued by countries can, or will, ever come into being.
  • Without the Global Clearing System, it is not possible to ever have globally exchangeable CBDCs or Global Digital Currencies (as currently envisaged).
  • However, there was and is a solution that would facilitate a fully functional Global CBDC-equivalent and Global Digital Currency despite divergent geopolitical rivalries between countries and power blocs.