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The Digital Currency Monetary Authority (DCMA) announced the launch of the Universal Monetary Unit (UMU), also called Unicoin, at the IMF 2023 Spring Meeting, which it claims will “strengthen the monetary sovereignty of participating central banks.”
The DCMA positions the Unicoin as:
“an innovation in store of value cryptography powered by artificial intelligence (AI). It adopts a central banking monetary policy framework to ensure it has continuous purchasing demand, minimal price volatility, and annual asset pricing targets.”
What will be the Impact of Unicoin?
As a cryptocurrency investor, I must say that the recent announcement of the Universal Monetary Unit (UMU) or Unicoin, an international central bank digital currency (CBDC), has raised alarms among investors.
The UMU, created by the Digital Currency Monetary Authority (DCMA), works in conjunction with all existing national currencies, and it has been designed to strengthen the monetary sovereignty of participating central banks and comply with the recent crypto assets policy recommendations proposed by the International Monetary Fund (IMF).
While the press release states that the DCMA is a world leader in digital currency and monetary policy innovations, it is a secretive cabal of international banks and national governments, which seems to be conspiring to push this new currency on people.
Governments all over the Western world are simultaneously developing CBDCs, including the UK, the European Union, and the United States.
The IMF has already put together a handbook to assist central banks and governments throughout the world in their CBDC rollouts, and this raises concerns about the potential loss of financial privacy for individuals.
How Dangerous are CBDCs?
The big question on many people's minds is, how dangerous are CBDCs?
Once everyone is using digital currencies, authorities will be able to track virtually everything that people buy and sell, and that information can be used against them. The potential for tyranny in such a system is off the charts.
Cash and other forms of payment will need to be phased out, and that is precisely what is happening right now in Europe. Everyone will be slowly but surely forced onto the new digital system, and it will be a system that they control with an iron fist. Most people will willingly go along with it because they are financially stressed and need to make ends meet.
Investors need to be aware of the implications of the new UMU (or Unicoin) and the potential loss of financial privacy.
ENTER: The New Quantum Financial System (QFS)
The adoption of a new Universal Monetary Unit (UMU), alongside the development of CBDCs and the necessary standards for these new digital currencies (ISO 20022) are all part of what is being labeled the New Quantum Financial System.
