Photo: CML
The true threat of digital currency.
‘PROJECT PINE‘
There is a very interesting development happening in the banking world.
The Federal Reserve Bank of New York and Bank for International Settlements (BIS) have published a joint study that explores how central banks could “continue to implement monetary policy operations in hypothetical tokenised wholesale financial markets”.
Project Pine, from the New York Innovation Center at the New York Fed and the Swiss Centre of the BIS Innovation Hub, found that central banks could “customise and deploy policy implementation tools using programmable smart contracts” in the future.
This would happen in a world where “commercial banks and other private sector financial institutions have widely adopted tokenisation for wholesale payments and securities”.
In other words, the replacements to emerge during a cashless society.
Yes, we are talking about money that ‘thinks’.
“Programmable money”, that can be used as the coders see fit.
A world in which money could expire or be geographically restricted, among other scenarios.
“Programmable money isn’t just a digital version of what you already use. It’s money with logic built in. Money that can be told what to do. Or what not to. Money that carries conditions. Parameters. Instructions. Money that stops being neutral,” says commentator John Ghlionn.
“We’re witnessing a shift in who gets to decide how your money functions—how it moves, where it goes, what it touches, and what it refuses to. It’s a shift in who holds the final say: the individual, or the system.”
The Reserve Bank of Australia (RBA) is quietly helping to build this program.
They say this could potentially be a ‘solution’ to drive economy and stimulus.
‘Spend it or you lose it’, in other words.
Yes, this is as dystopian as it sounds, ladies and gentlemen.
Something like this would take the tokenisation and gamification of the digital world to new heights.
It would not only mean a transformation from a cash-based world to complete digital control, but a transformation away from the very principles and understanding of how money fundamentally works.
And a world like this could be not too far around the corner.
DIGITAL CURRENCIES COMETH
The world is marching straight into a reality where all financial exchange is completely controlled and dictated.
Behind the scenes, Australia’s financial regulators have been building this scaffolding for a cashless world quietly, incrementally, with no fanfare — just a steady layering of oversight, compliance, and surveillance.
The RBA’s digital currency trial began in 2023, looking to establish use cases for a central bank digital currency (CBDC), saying they hope to “determine the economic benefits” it can have through a new research project.
Reserve Bank launches centralised digital currency pilot program
It should come as no surprise they are also supporting new tokenisation adoption research.
They have been at the forefront of this digital shift for decades now.
The RBA recently flagged QR code-enabled transactions and other “innovative payment technologies” as possible ‘solutions’ to ‘trim the cost of paying for things’, as they want to unleash a wave of innovation in retail payments.
RBA says QR code-enabled payments can ‘trim costs’ for Aussies
For the past decade, the RBA has collaborated with international financial bodies and tech firms to explore what may soon become the foundation of a new international monetary system.
A system where money itself becomes a tool of policy enforcement.
None of this has emerged in isolation.
This is not an isolated project.
It’s part of a larger trend.
A slow, deliberate expansion of regulatory power that has taken shape over the past decade.
Combine this with the fact our four major banks in Australia – CBA, NAB, ANZ and Westpac – are now offering well over 10 million customers the ability to “verify themselves and securely share their data” via the new Digital ID solution, ConnectID… you can then see where this is all headed.
Rapid shifts towards digital currencies, moved along with more measures of ‘convenience’ and ‘safety’. It’s all about making things easier for you (and also easier for them to control you).
Bankwest closing branches in ‘solely digital’ cashless shift
What a wild future we are facing if this is the plan for currency transformation.
Not just the threat of a cashless society itself that is the concern, but what can be done with that money.
It is vitally important that everyone reading this continues to push back for as long as possible.
What are your thoughts on this new digital research?
Be sure to leave a comment down below!
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rather like COVID – where they got everyone QR coding and complying with fear of the disease but then fear of loss of income and fear of not fitting in, fear of not being able to do what they wanted to do; now this will be sold all in the name of both convenience but also the fear of having money stolen by scammers – needing increasingly higher levels of surveillance and security to ‘protect us’.