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    Digital Euro CBDC – Is THIS The Year?! Latest Update!



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    ⛓️ 🔗 Useful Links 🔗 ⛓️

    ► First Digital Euro Progress Report: https://www.ecb.europa.eu/paym/digital_euro/investigation/governance/shared/files/ecb.degov220929.en.pdf
    ► Second Digital Euro Progress Report: https://www.ecb.europa.eu/paym/digital_euro/investigation/governance/shared/files/ecb.degov221221_Progress.en.pdf

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    – TIMESTAMPS –
    0:00 Intro
    0:48 Digital Euro Explained
    4:24 First Progress Report
    7:32 Digital Euro Privacy
    11:21 Second Progress Report
    14:45 Digital Euro ‘Scheme’
    16:50 What Does It Mean For CBDCs, Crypto?

    ~~~~~

    📜 Disclaimer 📜

    The information contained herein is for informational purposes only. Nothing herein shall be construed to be financial legal or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Trading cryptocurrencies poses considerable risk of loss. The speaker does not guarantee any particular outcome.

    #ECB #Crypto #Euro

    View 45 Comments

    45 Comments

    2. PT on

      I am happy to hear the news about the CBDC not going to be disruptive for bitcoin if it comes to market. As always great show, thanks Guy

    9. Jack aXe RP on

      They are telling us that it won't replace cash so that we will accept it…. and then when the system is fully in place, your cash won't be accepted anymore.

    11. Lázár Tóth on

      Hey Guy, one thing, I want to understand. You often get upset about the traditional system where they do not want to let people do their finances in private. Yes, this is a problem, but I know you understand, that banks in particular need to do a hack of due diligence, because of the fractional reserve system(which moves money and creates more development at the same time than a full reserve system). So if they would let everyone have privacy the total system would collapse. Unfortunately, this is the way they have to go because if they do not they will fall out of business which they do not want. Actually, this is why I think that the traditional system is out of date, but at the same time, we can not simply talk about it, like this phenomenon against privacy is just only for their benefit. Also, I want to highlight that I do not think that fractional reserve is the way to go, do not misunderstand my point.

    12. Deveon89 on

      CBDC for welfare would be a solution to precent fraud and lower administrative work from the receiver. All social hand-out money (except pension) could be traced and even valid for limited period so that on welfare you cannot save up more then 6 months of expenses (for example if digital euros are valid for 180 days after receiving). The money might be free, but your paying with privacy.

      To increase the collaboration between the continent the digital euro should also be tax free to hold or even exchange, because it can be traced. Any taxable income should always be paid in actual euros by law. I really hope that last point makes it as it’s the foundation. Earned income should remain private.

    14. Deveon89 on

      The ECB could easily open up digital euro and take deposits from anyone and give out the current ECB interest rate (2%). You cannot get such a risk-less saving rate anywhere els.

    18. Humphrey Neil on

      So the UK will fall apart within 10-20 years, and so will the EU. Not looking that great for unelected Federal government. Can I suggest that the Euro-Nasty EEC/EU has a similar timeline to Articles of Confederation, which ended in a United States of America. However, if both elected chambers disagree, then the Federal overbody is made to run out of money ~ in favour of States. Like many US States are the size of EU countries. USA population 450m, similar to EU. LOL. Lol. lo….l

    19. ResortDog on

      C'mon Guy, You can just imagine how much money the internet and phone companies are putting in for digital IDs to be required thru a device.

    30. Holphana Scott on

      I honestly don't see any way we can stop this. Even if it's not mandatory now, in 100 years it will become mandatory for the people born after it's inception.

      We will fall back into dictatorships. Those that disagree will be driven into poverty.

    31. Paul MagmaTree on

      It looks like central banks are struggling to improvise a disinformation metaverse in which they have a plan for the good of all… But outside the metaverse (reality), peer2peer makes them very uncomfortable, who else will they be able to domesticate 😱?? The globalist sect is going to beg sheep to save their behind. 👺📺🙃🙏 🐑🐑🐑

    33. MET on

      Wtf happened, Guy? Why is this video so full of misrepresented information, biased analysis, and conspiracy spreading? I thought we, the crypto community, would be excited for an cryptocoin that can help adoption?

    40. ShadedSkys on

      Imagine a world, where your direct deposit comes in, followed by notifications on your phone saying “ALERT: Funds not spent within the next 14 days will be lost. “ or “Spend 150$ in the next 24hrs to increase your Social Credit Score”.

      Now prepare accordingly.

    43. Andy on

      Wait a min.. I’m currently in Brasil and here people use the Pix payment system wich was implemented by the government and it’s a success!! Every little store use it. And I’m guessing they are not charging taxes just by now to gain mass adoption.
      So, it’s weird that china had poor adoption of his digital payments.

    45. Reece Jasmin on

      ChatGpt… Plz Cover This? Will Ai be able to know for example everything about polkadots coding and set up and then solve problems it's taking months to complete in a few seconds to minute's with asking the right questions and letting AI figure out the problems and do the coding?

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