The Bank for International Settlements (BIS) is overthrowing national currencies... Hear how they are leading the charge in creating the global digital currency?

• A joint report between multiple organizations reveals CBDC’s potential for cross-border payments.
• 87 countries are exploring the use of Central Bank Digital Currencies (CBDCs) to facilitate cross-border payments, with 9 having already fully launched and more in development.
• The BIS proposes three models for setting up wholesale CBDCs for this purpose: compatible, interlinked, and multi-CBDC platforms.
• Implementing CBDCs raises legal, regulatory, operational and cyber security issues, as well as potential macro-financial implications.
• Conspiracy theorists [like us] suggest the BIS is trying to create a global digital currency that would replace national currencies, and exploit developing countries' monetary policies/resources.