The BIS Blueprint: Unmasking the Global Push for CBDCs and a Digital Currency Takeover

Highlight Bullet Points

· Global Reach of the BIS Survey: The 2024 BIS survey engaged 93 central banks, representing 94% of global economic output and 78% of the world’s population, signaling a near-universal push for central bank digital currencies (CBDCs).

· Widespread CBDC Exploration: An alarming 91% (85) of surveyed central banks are exploring retail, wholesale, or both types of CBDCs, with advanced economies (AEs) leading at 89% focus on both, while emerging market and developing economies (EMDEs) split efforts (36% retail, 17% wholesale).

· Decline of Cash as a Catalyst: The BIS highlights the decline of physical cash and the rise of tokenized assets as key drivers, with over one-third of jurisdictions accelerating CBDC work to preserve central bank control amid these shifts.

· Stablecoins and Crypto Influence: Stablecoins, gaining traction for cross-border payments in EMDEs, and other cryptoassets have spurred CBDC development, with more than one in three jurisdictions reacting to maintain financial dominance.

· Tokenization’s Expanding Role: The report defines tokenization as creating programmable digital assets, extending beyond wholesale CBDCs to commercial bank deposits, raising concerns about a programmable economy under central bank oversight.

· Strategic Divide Between Economies: AEs are aggressively pursuing both retail and wholesale CBDCs, potentially exploiting EMDEs, which lag in focus, suggesting a deliberate global power imbalance orchestrated by the BIS.

· Threat to Privacy and Sovereignty: Retail CBDCs, as direct central bank liabilities, and programmable wholesale CBDCs could enable a global financial cartel to monitor transactions and undermine national sovereignty, affecting 78% of the world’s population.

· Call to Action for Readers: Midnight Crier urges readers to cross-reference the BIS report at the BIS, question the establishment narrative, and join the fight to protect financial freedom from this digital takeover.