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Raoul Pal CEO discusses CBDCs and the preparedness of government bodies

Raoul Pal CEO discusses CBDCs and the preparedness of government bodies

Quick take

1 minute read

  • Raoul Pal, the founder and chief executive officer of Real Vision has recently commented on governments and central banks that they are much more prepared to roll out the central bank of digital currencies and people previously thought.
  • There is a strong interest right now in central bank digital currencies. 

Raoul Pal, the founder and chief executive officer of Real Vision has recently commented on governments and central banks in that they are much more prepared to roll out the central bank digital currencies than people previously thought.

There is a strong interest right now in central bank digital currencies. The Bank of England has looked into it but the measures they have taken when it comes to regulation are severe, to say the least. China and its “digital yuan“ seem to be the first to get launched as it is looking to be released at the end of this year. As to how that will go is unknown at the time of writing.

For those of you that don’t know, a CBDC would give central banks all over the world the power to set a multi-interest rate to work around banking institutions by creating a defined cost of capital to anyone at will and it will also do this with the cooperation of the government in question.

Pal said:

“Central Bank digital currencies are coming and they will change everything. They are coming under the stealth of X-border payments it means so much more”

On Twitter, the CEO discussed in a thread that central banks are seemingly laying down the framework to use digital currencies which would help circumvent banking and financial systems that are already in place. he went on to say:

“That completely changes monetary vs. fiscal policy for ever. CB’s will now be able to manage fiscal policy outside of government balance sheets.”



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