Race for a digital currency

- There’s a rush to launch digital currencies - Battle for the soul of the financial system - They would be centrally controlled - Central banks create a digital race - Likely not to use blockchain - They intend to create a financial control system - This could lead to tax confiscation - It would be enforced using a personal database - More than 80% of central banks seek digital currencies - Transition to digital currencies could lead to volatility - State could control much more of citizens’ spending - China announces the expulsion of a U.S. missile destroyer - China wants to issue depreciated banknotes to boost consumption - Proposals involve the provision of universal bank accounts - Soros’ prediction attracts more investors to China instead of driving them away - Cyberattack brings down system of New Zealand’s largest bank - Ships carrying aid for Haiti have been attacked by gang