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WEF DEADLINE: EU's new CBDC, the digital euro, by October 2025
The head of the European Central Bank has announced plans to introduce the EU's new CBDC, the digital euro, by October 2025. She emphasizes the use of blockchain technology, suggesting it will underpin the central bank's digital currency initiatives, stating, "Blockchain technology can also be used by a central bank to support digital currencies, which we are actively working on."
Furthermore, she envisions a system where vast quantities of personal data are integrated into a digital ledger for instant access during transactions, which she describes as "incorporating into a simplified digital ledger a large amount of data and information that can instantly reach those interested in the transaction." These statements point to major, potentially privacy-invasive transformations in the financial sector, raising concerns about surveillance and control.
Many individuals aspire to advance too quickly, leading to confusion or apprehension. Ultimately, the extent of one's understanding is contingent upon their level of awareness and their willingness to explore, accept, and arrive at their own insights and conclusions.
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