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Citi Treasury and Trade Solutions (TTS) helps enable our clients' success by providing an integrated suite of innovative and tailored cash management and trade finance services to multinational corporations, financial institutions, and public sector organizations across the globe. Based on the foundation of the industry's largest proprietary network with banking licenses in over 90 countries and globally integrated technology platforms, TTS continues to lead the way in offering a comprehensive range of digitally enabled treasury, trade, and liquidity management solutions.
Citi Develops New Digital Asset Capabilities for Institutional Clients
“The Biden administration’s efforts to inject a Centralized Bank Digital Currency is about surveillance and control,” said Governor Ron DeSantis. “Today’s announcement will protect Florida consumers and businesses from the reckless adoption of a ‘centralized digital dollar’ which will stifle innovation and promote government-sanctioned surveillance. Florida will not side with economic central planners; we will not adopt policies that threaten personal economic freedom and security.”
originally posted by: ancientlight
I love Ron De Santis
CBDC banned in Florida
“The Biden administration’s efforts to inject a Centralized Bank Digital Currency is about surveillance and control,” said Governor Ron DeSantis. “Today’s announcement will protect Florida consumers and businesses from the reckless adoption of a ‘centralized digital dollar’ which will stifle innovation and promote government-sanctioned surveillance. Florida will not side with economic central planners; we will not adopt policies that threaten personal economic freedom and security.”
And they're right. CBDC's control will stifle innovation and demoralize us further. What would be the point of trying harder, studying more years to become an MD , working longer hours etc . None of that would be worthwhile anymore.
originally posted by: Ch1nch1lla
a reply to: ancientlight
Where's Augustus? I'm sure he has a very benign explanation for this. Lol.
originally posted by: surfer_soul
a reply to: IndieA
You think so? That’s interesting but surely anyone can just create a new email address and from there a new ATS account?
originally posted by: ancientlight
I'm unsure if this is CBDC? Sounds like it at least, and within Citi bank.
originally posted by: tanstaafl
originally posted by: ancientlight
I'm unsure if this is CBDC? Sounds like it at least, and within Citi bank.
Nope, not a CBDC.
Banks will be and are getting ready to be able to custody and transact in digital assets, like bitcoin or other #coins aka 'cryptos' - that is all this is.
The private/permissioned blockchain technology used is owned and managed by Citi and clients will not be required to host a blockchain node to access the services.
The pilot demonstrated programmable transfer of tokenized deposits that provided instant payments to service providers via smart contracts.