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đŸ’„Central banks seek ‘universal access’ to CBDC via digital ID: BIS Africa reportđŸ’„
Central banks have abandoned complete anonymity in favor of digital ID for their programmable CBDCs: perspective
December 04, 2022
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(Dinarian Note: This is what their end game is and where we are headed worldwide. This is a very powerful article, and pay attention to the links at the bottom. Remember, KNOWLEDGE IS POWER, and EVEN MORE POWERFUL IS USING THAT KNOWLEDGE. The below is what will lead us into a $600/oz Silver Market...YOU HAVE BEEN WARNED)

Central banks are looking to digital ID schemes as a means to achieve universal access to CBDC, according to a new report on Central Bank Digital Currencies (CBDCs) in Africa from the Bank for International Settlement (BIS).

“Universal access to eNaira is a key goal of the CBN, and new forms of digital identification are being issued to the unbanked to help with access” — Central Bank Digital Currencies in Africa, BIS, November 2022

Digital ID is a mechanism by which the Central Bank of Nigeria (CBN) wants to achieve universal access to its CBDC — the eNaira — which is being carried out in the name of financial inclusion and helping the unbanked.

According to the BIS November 2022 report on Central Bank Digital Currencies in Africa, “Universal access to eNaira is a key goal of the CBN, and new forms of digital identification are being issued to the unbanked to help with access.”

The report goes on to say that “An eKYC-enabled CBDC that is integrated with the national ID schemes could greatly ease financial onboarding.”

“An eKYC-enabled CBDC that is integrated with the national ID schemes could greatly ease financial onboarding” — Central Bank Digital Currencies in Africa, BIS, November 2022

See Video: 

eNaira. Same Naira. More Possibilities

“The most promising way of providing central bank money in the digital age is an account-based CBDC built on digital ID with official sector involvement” — Bank for International Settlements, Annual Economic Report, 2021

Central banks around the world have abandoned the idea of complete anonymity, favoring instead digital identity schemes as unique identifiers for onboarding people to their programmable CBDCs.

On September 27, France’s central bank — the Banque de France — held an international roundtable in which central bankers from the US and the EU also confirmed that digital dollars and euros, should they go forward, would not be anonymous.

The same goes for India’s digital rupee, with the Reserve Bank of India announcing in October that its “CBDC would need to be compliant with AML [Anti-Money Laundering] regulations, which rules out truly anonymous payments.”

In the case of Nigeria, “When it comes to anonymity, the CBN has opted to not allow anonymity even for lower-tier wallets,” the BIS report reads.

“When it comes to anonymity, the CBN has opted to not allow anonymity even for lower-tier wallets” — Central Bank Digital Currencies in Africa, BIS, November 2022

“The informal sector – where most employment is in the continent favors the anonymity of cash. This is an obstacle to financial inclusion and eventually to the wide adoption of CBDCs” — Central Bank Digital Currencies in Africa, BIS, November 2022

Across the African continent, the majority of workers favor the anonymity of cash.

The BIS November 2022 report sees this dilemma as “an obstacle to financial inclusion and eventually to the wide adoption of CBDCs.”

While the majority of people working in Africa prefer the anonymity of cash, the CBN eNaira regulatory guidelines from October, 2021, says that a Bank Verification Number and/or National Identification Number “shall be used as unique identifiers” for individuals.

But once these individuals are uniquely identified, their purchasing power is then given over to the central bank, which limits how much they can spend and save on a daily basis.

In the case of Nigeria’s CBDC, the central bank has even programmed “caps on daily transaction limits.”

“The individual and merchant wallets of the eNaira have different caps on daily transaction limits and the amount of eNaira that can be held in them” — Central Bank Digital Currencies in Africa, BIS, November 2022

According to the BIS, “The individual and merchant wallets of the eNaira have different caps on daily transaction limits and the amount of eNaira that can be held in them, depending on their customer due diligence tier.”

Why are people being restricted on how much money they can hold and spend on a daily basis?

The official reason is that “The caps are intended to ensure that the eNaira is primarily used for smaller retail payments and that competition between eNaira and bank deposits is limited.”

“Users of eNaira are subject to a tiered structure of KYC requirements based on transaction and
balance limits” — Central Bank Digital Currencies in Africa, BIS, November 2022

Central banks all over the world are not only looking to eliminate anonymous transactions through some form of digital ID, but also to make their CBDCs fully programmable.

In October, International Monetary Fund (IMF) deputy managing director Bo Li highlighted this programmability feature of CBDCs as a means of bolstering financial inclusion, stating that “By programming CBDC, money can be precisely targeted for what kind of people can own and what kind of use this money can be utilized.” 

Likewise, the Reserve Bank of India announced in October, 2022 that it would explore programmability for its digital rupee, which included the possibility of setting expiry dates.

“By programming CBDC, money can be precisely targeted for what kind of people can own and what kind of use this money can be utilized” — Bo Li, IMF, October 2022

“Central bankers, academics, politicians, and an assortment of elites from over 100 countries [
] used Nigeria [
] as a Petri dish to test their nefarious plans to use CBDCs to enslave the people of North America, Europe, and beyond” — Nick Giambruno, Financial Underground, November 2022

One year after launching in October, 2021, the eNaira has only achieved 0.5% adoption among Nigerians.

Financial Underground founder Nick Giambruno called the eNaira experiment a “massive failure.”

“Nigerians view the eNaira as ‘a symbol of distrust in the ruling elite’ and that the people view the government as ‘hostile to them and therefore have no interest in anything it introduces,'” Giambruno wrote, paraphrasing a Bloomberg report.

Cointelegraph additionally reports that “the naira has been devalued around six times since 2015, and economists expect a further 20% loss in value next year, as the economy has been further compounded by galloping inflation, which could make the push for a CBDC a hard sell to many of the country’s citizens.”

“We tend to establish the equivalence with cash, and there is a huge difference there” — Agustin Carstens, BIS, October 2020

See Video:

Cross-Border Payment—A Vision for the Future

“A key difference with a CBDC is the central bank will have absolute control on the rules and regulations that will determine the use of that expression of central bank liability, and also, we will have the technology to enforce that” — Agustin Carstens, BIS, October 2020

Speaking at an International Monetary Fund (IMF) seminar on October 19, 2020, BIS general manager Augustin Carstens explained that a CBDC gives the central bank both “absolute control” over the use of the CBDC, along with the technology to enforce that control.

“We tend to establish the equivalence with cash, and there is a huge difference there,” Carsten said in 2020.

“For example, in cash we don’t know for example who’s using a 100 dollar bill today. We don’t know who is a 1,000 peso bill today.

“A key difference with a CBDC is the central bank will have absolute control on the rules and regulations that will determine the use of that expression of central bank liability, and also, we will have the technology to enforce that.

“Those two issues are extremely important, and that makes a huge difference with respect to what cash is.”

“Gradual obsolescence of paper currency” is “characteristic of a well-designed CBDC” — World Economic Forum Agenda, September 2017

Ultimately, a CBDC linked with digital ID could allow governments and corporations to put permissions on what you can buy with your own money, including expiration dates on when you can spend it.

Once digital ID and CBDC reach a certain level of acceptance and adoption by the general public, the option to go back to physical means can be quietly eliminated with little-to-no pushback.

In fact, a WEF Agenda blog post from September, 2017 lists the “gradual obsolescence of paper currency” as being “characteristic of a well-designed CBDC.”

“This digital identity determines what products, services and information we can access – or, conversely, what is closed off to us” — World Economic Forum, Insight Report, September 2018

Programming people’s access to products, services, and information with CBDCs and digital IDs lays the foundation for a system of social credit scoring like that of the Chinese Communist Party.

It is a system of control that can be used to manipulate, coerce, or otherwise incentivize changes in human behavior while eliminating individual agency, autonomy, and anonymity.

Link

 

 

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Dubai regulator VARA classifies RWA issuance as licensed activity
Virtual Asset Regulatory Authority (VARA) leads global regulatory framework - makes RWA issuance licensed activity in Dubai.

Real-world assets (RWAs) issuance is now licensed activity in Dubai.

~ Actual law.
~ Not a legal gray zone.
~ Not a whitepaper fantasy.

RWA issuance and listing on secondary markets is defined under binding crypto regulation.

It’s execution by Dubai.

Irina Heaver explained:

“RWA issuance is no longer theoretical. It’s now a regulatory reality.”

VARA defined:

- RWAs are classified as Asset-Referenced Virtual Assets (ARVAs)

- Secondary market trading is permitted under VARA license

- Issuers need capital, audits, and legal disclosures

- Regulated broker-dealers and exchanges can now onboard and trade them

This closes the gap that killed STOs in 2018.

No more tokenization without venues.
No more assets without liquidity.

UAE is doing what Switzerland, Singapore, and Europe still haven’t:

Creating enforceable frameworks for RWA tokenization that actually work.

Matthew White, CEO of VARA, said it perfectly:

“Tokenization will redefine global finance in 2025.”

He’s not exaggerating.

$500B+ market predicted next year.

And the UAE just gave it legal rails.

~Real estate.
~Private credit.
~Shariah-compliant products.

Everything is in play.

This is how you turn hype into infrastructure.

What Dubai is doing now is 3 years ahead of everyone else.

Founders, investors, ecosystem builders:

You want to build real-world assets onchain.

Don’t waste another year waiting for clarity.

Come to Dubai.

It’s already here.

 

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🎬Proof the Deep State Planned This War for Years🎬
Nation First outlines how the Israeli attack on Iran was planned by the Deep State and the Military Industrial Complex over 15 years ago.

Prepare to have your mind blown

~NamastĂ© 🙏 Crypto Michael ⚡ The Dinarian

Dear friend,

What just happened in Iran wasn’t a surprise attack. It wasn’t a last-minute decision. It wasn’t even Israel acting alone.

It was a war plan written years ago — by men in suits, sitting in think tanks in Washington and New York. And yesterday, that plan was finally put into action.

Here’s the truth they don’t want you to know: this war was cooked up long before Trump ever became President — and it was designed to happen exactly this way.

Let’s start with what just happened.

Israel launched a massive, unexpected strike on Iran. They hit nuclear facilities. They killed military generals. They struck deep inside Iranian territory — and now the whole region is on edge, ready to explode into full-blown war.

The media is acting shocked. But I’m not. You shouldn’t be either.

Why?

Because we have the documents. They told us this was coming. Years ago.

Exhibit A: The Brookings Institution.

The Brooking Institution is a fancy name for what’s basically a war-planning factory dressed up as a research centre. Back in 2009, Brookings published a report called Which Path to Persia?

It laid out exactly how to get the U.S. into a war with Iran — without looking like the bad guy.

Here’s the sickest part:

“The United States would encourage — and perhaps even assist — the Israelis in conducting the strikes
 in the expectation that both international criticism and Iranian retaliation would be deflected away from the United States and onto Israel.”

Let that sink in.

They literally suggested using Israel to start the war, so America could stand back and say, “Wasn’t us!”

They even titled a chapter of this report: “Leave It to Bibi” — naming Netanyahu as the guy to light the match.

Exhibit B: The Council on Foreign Relations (CFR).

The Council on Foreign Relations is an another Deep State operation. Also in 2009, CFR published a “contingency memo” that laid out the whole military plan for an Israeli strike on Iran — step by step.

  • What routes the jets would fly (over Jordan and Iraq).

  • What bombs they’d use (the biggest bunker-busters in the U.S. arsenal).

  • Which Iranian sites to hit (Natanz, Arak, Esfahan).

  • And how Iran might respond (missiles, drones, threats to U.S. bases).

It’s like they had a time machine. Because those exact strikes just happened following the routes, likely using the bombs and hitting the sites that the CFR outlined.

Exhibit C: The Plot to Attack Iran by Dan Kovalik.

This one really blows the lid off.

US human rights lawyer and journalist Dan Kovalik, in his book The Plot to Attack Iran: How the CIA and the Deep State Have Conspired to Vilify Iran, shows how the CIA and Israel’s Mossad have been working together for decades — not just watching Iran, but actively sabotaging it. Killing scientists. Running cyberattacks. Feeding lies to the media to make Iran look like it’s always “six months away” from building a nuke.

He even reveals how they discussed false flag attacks — faking an Iranian strike to justify going to war. That’s not a conspiracy theory. That’s documented strategy.

And here’s where President Trump comes in.

Unlike the warmongers who wrote these plans, Trump wasn’t looking to bomb Iran. He wanted to talk. Negotiate. Make a deal — like he did with North Korea.

In fact, peace talks with Iran were just days away.

But someone didn’t want peace. Someone wanted war.

So Israel went in — just like the Brookings script said — and lit the fuse.

Trump didn’t authorise it. He didn’t want it. But they gazumped him. They went around him. And now, the peace he was trying to build has been blown to bits.

This was never about Iran being a threat. It was about keeping the war machine fed.

Think tanks, defence contractors, foreign lobbies — they don’t profit from peace. They thrive on tension. On fear. On war.

And now, thanks to them, the world’s one step closer to the edge.

If you’ve never trusted the mainstream media, you’re right not to.

If you’ve ever suspected there’s a shadowy agenda behind every war, you’re not paranoid.

You’re paying attention.

Because the documents are real. The war was planned. And the bombs are falling — right on schedule.

Pray for Iran’s civilians.

Pray for the Israelis caught in the crossfire.

Pray for a President who still wants peace.

And pray that we wake up before it’s too late.

Because the war has started.

But the truth has just begun to spread.

Until next time, God bless you, your family and nation.

Take care,

George Christensen

Source:

George Christensen is a former Australian politician, a Christian, freedom lover, conservative, blogger, podcaster, journalist and theologian. He has been feted by the Epoch Times as a “champion of human rights” and his writings have been praised by Infowars’ Alex Jones as “excellent and informative”.

George believes Nation First will be an essential part of the ongoing fight for freedom:

“The time is now for every proud patriot to step to the fore and fight for our freedom, sovereignty and way of life. Information is a key tool in any battle and the Nation First newsletter will be a valuable tool in the battle for the future of the West.”

— George Christensen.

Find more about George at his www.georgechristensen.com.au website.

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The Possible Impact Of USDC On The XRP Ledger And RLUSD
Key Points
  • It seems likely that USDC on the XRP Ledger (XRPL) boosts liquidity, benefiting XRP, though some see it as competition for RLUSD.
  • Research suggests both stablecoins can coexist, enhancing the XRPL ecosystem.
  • The evidence leans toward increased network activity being good for XRP, despite potential competition.

The recent launch of USDC on the XRP Ledger has sparked discussions about its impact on the ecosystem, particularly in relation to RLUSD, Ripple's own stablecoin. This response explores whether this development is more about competition for RLUSD or if it enhances liquidity on the XRPL, ultimately benefiting XRP.
 

Impact on Liquidity and XRP

The introduction of USDC, a major stablecoin with a $61 billion market cap, likely increases liquidity on the XRPL by attracting more users, developers, and institutions. This boost can enhance DeFi applications and enterprise payments, potentially driving demand for XRP, the native token used for transaction fees. While some may view it as competition for RLUSD, the overall effect seems positive for the XRPL's growth.
 

Competition vs. Coexistence with RLUSD

USDC and RLUSD cater to different needs: USDC appeals to those valuing regulatory compliance, while RLUSD, backed by Ripple, may attract users preferring ecosystem integration. Research suggests both can coexist, increasing options and fostering innovation, rather than purely competing.
 

Detailed Analysis of USDC on XRPL and Its Implications

The integration of USDC on the XRP Ledger (XRPL), announced on June 12, 2025, by Circle, has significant implications for the ecosystem, particularly in relation to RLUSD, Ripple's stablecoin launched in 2024. This section provides a comprehensive analysis, exploring whether this development is more about competition for RLUSD or if it enhances liquidity on the XRPL, ultimately benefiting XRP.
 

Understanding RLUSD and Its Role

RLUSD, Ripple's stablecoin, received approval from the New York Department of Financial Services (NYDFS) in 2024 and is designed to be fully backed by cash and cash equivalents, ensuring stability. It is available on both the Ethereum and XRP Ledger blockchains, aiming to enhance liquidity, reduce volatility, and serve cross-border payments. With a current market cap of $413 million, RLUSD is smaller than USDC's $61 billion but has regulatory credibility, particularly appealing to institutions.
 

Impact of USDC on the XRPL

The launch of USDC on the XRPL is a significant development, given its status as the second-largest stablecoin by market cap.
 
Key impacts include:
  • Liquidity Boost: USDC's integration can attract more users, developers, and institutions, increasing overall liquidity. This is crucial for DeFi applications, as Circle's announcement emphasizes its use in liquidity provisioning for token pairs and FX flows.
  • Increased Utility: USDC enhances the XRPL's utility for enterprise payments, financial infrastructure, and DeFi, potentially making it more attractive for global money movement and transparent settlements.
  • Regulatory and Institutional Appeal: As a regulated stablecoin issued by Circle, USDC can bring institutional users to the XRPL, aligning with Ripple's goals for regulated financial activities.
  • Network Growth: Supporting a widely recognized stablecoin like USDC on 22 blockchains, including the XRPL, increases the network's visibility and adoption, potentially driving more activity.

Competition vs. Complementarity with RLUSD

While USDC's launch could be seen as competition for RLUSD, the evidence suggests a more nuanced relationship:
  • Competition: Both are stablecoins on the XRPL, and USDC's larger market presence ($61 billion vs. RLUSD's $413 million) might attract users and developers away from RLUSD. However, competition can drive innovation, such as lower fees or better services, benefiting the ecosystem
  • Complementarity: Different stablecoins cater to different needs. USDC appeals to users valuing regulatory compliance and widespread adoption across multiple blockchains, while RLUSD, backed by Ripple, may attract those preferring ecosystem integration and regulatory approval from NYDFS. The XRPL can benefit from having multiple options, increasing liquidity and fostering a diverse ecosystem.
  • Coexistence Benefits: Research suggests that having multiple stablecoins enhances liquidity and provides users with more choices, potentially leading to higher network activity. For example, institutions might use USDC for global payments and RLUSD for specific XRPL-integrated applications, creating a symbiotic relationships.

Impact on XRP

The introduction of USDC, alongside RLUSD, is likely beneficial for XRP, the native token of the XRPL, for several reasons:
  • Increased Liquidity and Activity: Higher liquidity on the XRPL, driven by both stablecoins, can increase transaction volumes. XRP is used for transaction fees, with some fees burned, potentially reducing supply over time and increasing demand.
  • DeFi and Enterprise Use Cases: Both USDC and RLUSD enhance DeFi and enterprise applications, such as liquidity pools and cross-border payments, which can drive demand for XRP as a settlement token.
  • Network Growth: A more liquid and active XRPL is more attractive to developers and users, potentially leading to long-term growth for XRP, as increased utility can drive its value.
Expert analyses, such as those from u.today and ledgerinsights.com, suggest the launch is a "massive boost" for liquidity and adoption, with RLUSD also playing a significant role.
 

Comparative Analysis: USDC vs. RLUSD

To further illustrate, consider the following table comparing key attributes:
 
Given the evidence, it is more accurate to view the introduction of USDC on the XRPL as beneficial for liquidity, which is ultimately good for XRP, rather than solely as competition for RLUSD. The XRPL benefits from increased options, with both stablecoins enhancing liquidity, utility, and network growth. While some competition exists, the overall impact is positive, fostering a robust ecosystem that can drive demand for XRP. This conclusion aligns with expert analyses and community discussions, acknowledging the complexity of the stablecoin market within the XRPL.
 

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