President of Ukraine Endorses A Law Allowing Central Bank To Create CBDC
The President of Ukraine Volodymyr Zelensky officially endorsed a bill into law regarding payment services in the country. The law allows the National Bank of Ukraine (NBU) to create its own Central Bank Digital Currency (CBDC).
Oh ya 3 year ago
In plain english its means the bank can create more fake money out of thin air just as all countries are doing now with a push of a button to create fake dollars. This is going to end in tears the same as it has for every paper currency since the beginning of time. If printing fake money was the answer then Venezuela, Zimbabwe, Argentina would be great places to live