New digital asset the Universal Monetary Unit, also known as Unicoin, is an international central bank digital currency that has been designed to work in conjunction with all existing national currencies.
The IMF did not create this new currency, but it was unveiled at a major IMF gathering earlier this week…
Today, at the International Monetary Fund (IMF) Spring Meetings 2023, the Digital Currency Monetary Authority (DCMA) announced their official launch of an international central bank digital currency (CBDC) that strengthens the monetary sovereignty of participating central banks and complies with the recent crypto assets policy recommendations proposed by the IMF.
Universal Monetary Unit (UMU), symbolized as ANSI Character, Ü, is legally a money commodity, can transact in any legal tender settlement currency, and functions like a CBDC to enforce banking regulations and to protect the financial integrity of the international banking system.
As the press release quoted above indicates, this new “Universal Monetary Unit” was created by the Digital Currency Monetary Authority.
So who in the world is the Digital Currency Monetary Authority?
The press release says that the organization consists of “sovereign states, central banks, commercial and retail banks, and other financial institutions”…
The DCMA is a world leader in the advocacy of digital currency and monetary policy innovations for governments and central banks. Membership within the DCMA consists of sovereign states, central banks, commercial and retail banks, and other financial institutions.
The International Monetary Fund (IMF) is putting together a Central Bank Digital Currency (CBDC) handbook to assist central banks and governments throughout the world in their CBDC rollouts.
Published publicly on April 10, the “IMF Approach to Central Bank Digital Currency Capacity Development” report outlines the IMF’s multi-year strategy for aiding CBDC rollouts, including the development of a living “CBDC Handbook” for monetary authorities to follow.
Once everyone is using these CBDC, your financial privacy will be almost totally gone.
Authorities will be able to track virtually everything that you buy and sell, and I am sure that they won’t hesitate to use that information against you.
Needless to say, the potential for tyranny in such a system is off the charts.
Can you imagine a world in which you are restricted from buying meat for a while because you have already used your “carbon credits” for the month?