The limiting or “asymptotic” result of such an evolutionary trend would be in effect “ideal money”

Roberto Campos Neto, president of the Central Bank of Brazil, has stated that the digital real project, the Brazilian central bank digital currency (CBDC) could be launched in 2024. Campos Neto also remarked on the benefits the digital currency system might bring as it is integrated with traditional finance structures and decentralized finance (defi) institutions.

Presidents of the European Parliament, Council and Commission have signed a joint agreement outlining priorities before the next European elections in 2024. On the list of 164 legislations — some are already in negotiations, and others are yet to be put forward — is a central bank digital currency.

The Central Bank of Brazil plans to introduce a central bank digital currency (CBDC) by 2024, the bank's President Roberto Campos Neto <a href="https://www.youtube.com/watch?v=GcS1-Zn5n3E" target="_blank">said at a conference </a>hosted by Brazilian news site Poder360 on Tuesday.

The UK government has announced the amendment of its financial services regulatory framework, which seeks to drive growth in the sector and accommodate stablecoins and other crypto assets.

The Bank of England (BOE) is seeking a “proof of concept” for a wallet that will be able to hold a Central Bank Digital Currency (CBDC). On Dec. 9, the BOE posted a request for applications on the United Kingdom government's Digital Marketplace, a service where government organizations can solicit work for digital projects. (Cointelegraph)

The Bank of England is <a href="https://www.digitalmarketplace.service.gov.uk/digital-outcomes-and-specialists/opportunities/18948">seeking</a> a proof of concept for a sample wallet for a Central Bank digital currency and will take applications through Dec. 23.

As a response to the financial freedom it delivered to the masses, Central Banks deployed their new weapons of economic destruction: CBDCs. A modern authoritarian financial tool to further diminish economic freedom.

What really makes the CBDC future a potential hellscape is the fact that governments never stop at the most innocuous use case for a technology when pushing that technology to its limits might benefit them.

Spain’s central bank, the Bank of Spain (BDE) said it intends to launch an experimental program to begin testing wholesale Central Bank Digital Currencies (CDBCs) and is seeking collaboration proposals from local finance and technology institutions. The bank will focus on three main areas with the program that seeks to simulate the movement of funds, experiment with the liquidation of financial assets, and analyze the benefits and drawbacks of introducing a wholesale CBDC to its current processes and infrastructure according to a translated Dec. 5 statement. (Cointelegraph)