Banks will 'tokenize' customer deposits to pave way for CBDCs

Digital tokenization explained in simple, plain English

Christine LeGarde, a globalist French politician who has been president of the European Central Bank since 2019, has recently announced that the European Union is getting closer to launching its new central bank digital currency.

Once this happens, you can bet the U.S. Federal Reserve will feel more pressure to launch its CBDC.

LeGarde, using classic political posturing, speaks out of both sides of her mouth. On the one side, she promises the new digital euro will be purely voluntary and that paper cash will always be an available option. On the other, she says that she has no real control over the details of the new digital currency because that will be left up to E.U. legislators.

Watch this report from CPA Lena Petrova, who says banks will tokenize customer deposits before they roll out their CBDCs.