Needless to say, when the central banks’ central bank, the Bank of International settlements, starts monitoring global bank transactions, augment by artificial intelligence, you can be sure they’ll be monitoring a lot more than money laundering. From Tyler Durden at zerohedge.com:
While the IMF is currently gearing up to introduce its new global CBDC system called the UMU (also known as the Unicoin), The Bank for International Settlements has been busy with multiple projects designed to centralize all international banks and central banks into a single umbrella network that allows for quick cross-border transactions using digital currencies. In other words, a cashless society.
One such concept, called Project Icebreaker, dealt specifically with creating a SWIFT-like bottleneck system which would allow global banks to regulate and eventually homogenize all currencies into a single one world exchange model that would give them the power to cut out any nation or company that does not meet their ideological approval.
