Ladies and Gentlemen:
When Agustín Carstens, general manager of the Bank for International Settlements (BIS), discussed central bank digital currencies (CBDCs) during an October 2020 panel discussion titled “Cross-Border Payments—A Vision for the Future,” Carstens stated that there is no way to know who uses a $100 bill or a 1000-peso bill and then made clear with CBDCs, the central banks will have a complete one-way mirror on our financial lives as well as the ability to enforce policies and rules regarding the who, what, where, and why of our financial transactions. The Solari Team
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