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On April 10, the Digital Currency Monetary Authority (DCMA) announced the launch of a new global central bank digital currency, or CBDC, called Unicoin, or the “universal monetary unit.”
All of the world’s central banks, including the private Federal Reserve, and commercial banks will be able to use Unicoin to settle trades with each other. Unicoin’s unveiling occurred at the annual spring meetings of the International Monetary Fund (IMF).#
In a press release, the DCMA, in case you are unfamiliar with it, described itself as a “world leader in the advocacy of digital currency and monetary policy innovations for governments and central banks.”
“Membership within the DCMA consists of sovereign states, central banks, commercial and retail banks, and other financial institutions,” the press release goes on to explain.
On its website the DCMA goes into further detail about how its purpose is to advocate for a one-world digital currency that would allow for “trade globalization through the monetary integration of international payments and settlements while strengthening national economies’ monetary sovereignty.”
“The first wave of cryptographic cash was designed for public
untrusted networks. The DCMA reimagines the next wave of cryptographic
innovations engineered for adoption by central banks, retail and
commercial banks, Fintech, governments, and cryptocurrency exchanges.”...<<<Read More>>>..