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India’s digital identity architect Nandan Nilekani & Bank for International Settlements general manager Agustin Carstens propose creating the “finternet,” which they believe will be “the future financial system” powered by digital ID, CBDCs, tokenized deposits, & unified ledgers. https://t.co/85VD309aoj
Nilekani, Carstens Propose Digital ID, CBDC-powered 'Finternet' To Be 'The Future Financial System': BIS Report https://t.co/XnPawX8d4v @thesociable @TimHinchliffe
“The Bank for International Settlements (BIS) has teamed up with the central banks of France, Japan, South Korea, Mexico, Switzerland, the United Kingdom, and the United States Federal Reserve Banks to explore asset tokenization.” https://t.co/IfCuWBVWAt
The Bank for International Settlements (BIS) has introduced a new concept called 'Finternet,' a global unified ledger CBDC system designed to address current financial system shortcomings through tokenization. This initiative, backed by the central banks of France, Japan, South Korea, Mexico, Switzerland, the United Kingdom, and the United States Federal Reserve, aims to explore asset tokenization. BIS general manager Agustin Carstens and India's digital identity architect Nandan Nilekani are leading the proposal, envisioning Finternet as the future financial system powered by digital IDs, CBDCs, and tokenized deposits.
