@rezoanulvibesOnNoiseApp 17 November 2022

The Federal Reserve launched Central Bank Digital Currency pilot program with major banks. It is a 12-week pilot program. The Federal Reserve Bank of New York’s Innovation Center or NYIC has been researching CBDC and how it can be launched. Now NY Fed is testing this. They will use distributed ledger technology. It is a private blockchain. General people cannot view what's going on. Of course, they will have absolute control and they can do anything with programmable money. This is the worst time when FTX crashed along with other crypto platforms. But that's a good time for the regulators to step in and do their things. Some people are crying hard for regulations. It is as if regulators can save the day. They will say how good CBDC is and it is needed for the protection and safety of investors.