Bank of International Settlements

Plans on taking away hard currency and replacing it with digital currency.

Thoughts?

By the way, they already attempted this in Nigeria about four years ago. It lead to some major riots, and ultimately the people of Nigeria voted out their politicians and demanded that the newly elected ones arrest the ousted ones.

This page is a permanent link to the reply below and its nested replies. See all post replies »

Ynotisay · M

I'm not sure if that's accurate. What they did is set a standard for central banks to hold up to 2% of their reserves in digital currency. They've been detractors of crypto but, it appears, realize that it's not going away. I think you also might be a little off base with those Nigerian riots a few years ago. Might want to look in to that one a bit.