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How to control currency charter

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Central Bank digital currencies will control your life where you live what you eat where you travel everything absolute control you might be looking at me thinking who is this crazy conspiracy theorist but dont take this from me take this directly from the head of the bang for international settlements and fair warning the clip were about to watch its a bit disturbing for example in cash we dont know for example whos using a 100 bill today we dont know who is using a 1 000 peso deal today a key difference in with the cvdc is that Central Bank will have absolute control on the rules and regulations that will determine the use of that expression of Central Bank liability and also we will have the technology to enforce that those are you heard it directly absolute control and the way this would work is that in a casual Society where a government in digital currency is a primary form of payment it is very simple for a government to block a transaction or freeze your money you may be

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Who controls the currency?

The Office of the Comptroller of the Currency (OCC) is an independent bureau of the U.S. Department of the Treasury. The OCC charters, regulates, and supervises all national banks, federal savings associations, and federal branches and agencies of foreign banks.

Who is responsible for US currency?

U.S currency is produced by the Bureau of Engraving and Printing and U.S. coins are produced by the U.S. Mint.

What does OCC stand for finance?

The Office of the Comptroller of the Currency (OCC) is an independent bureau of the U.S. Department of the Treasury. The OCC charters, regulates, and supervises all national banks, federal savings associations, and federal branches and agencies of foreign banks.

What does OCC stand for bank?

The Office of the Comptroller of the Currency (OCC) is the primary regulator of banks chartered under the National Bank Act (12 USC 1 et seq.)

Does the government control the currency?

The government indirectly regulates exchange rates, because most currency exchange rates are set on the open foreign exchange market (forex). In some countries, like China, the exchange rate is fixed, and the government directly controls it. This control of the yuan, in turn, affects the U.S. dollar.

What banks are not part of the Federal Reserve System?

Nonmember banks are financial institutions that are not members of the Federal Reserve System. They can be community banks, credit unions, or industrial banks. National banks are required to join the Fed, while state banks can join if they meet certain requirements.

Who decides the value of currency?

Summary. Currency value is determined by aggregate supply and demand. Supply and demand are influenced by a number of factors, including interest rates, inflation, capital flow, and money supply. The most common method to value currency is through exchange rates.

Who funds the OCC?

Operations are funded primarily (approximately 97 percent) from semiannual assessments levied on national banks and federal savings associations. Revenue from investments in Treasury securities and other income comprise the remaining three percent of the OCCs funding.

What does OCC stand for in banking?

The Office of the Comptroller of the Currency (OCC) charters regulates, and supervises both national and foreign banks operating in the U.S.

What is the difference between the Fed and the OCC?

Most national banks must be members of the Federal Reserve System; however, they are regulated by the Office of the Comptroller of the Currency (OCC). The Federal Reserve supervises and regulates many large banking institutions because it is the federal regulator for bank holding companies (BHCs).

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