BIS To Monitor All Global Bank Transactions Using AI

BIS To Use AI To Monitor Global Bank Transactions For "Money Laundering"Tyler Durden – 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. Continue reading

Aussie Central Bank Working With BIS To Launch Digital Currency

Zerohedge – Australia’s Reserve Bank is launching a pilot program over the course of the next year in collaboration with the Bank for International Settlements [BIS](the central bank of central banks) to test the “benefits” of a blockchain ledger-based digital currency system.

The central bank is added to a long list of participants in BIS efforts to introduce CBDCs (central bank digital currencies) with the target goal of launching them globally by 2025-2030. Continue reading