IMF works on launching international CBDC: Centralized Inclusive Faith, Government, Sabbath platform

Not slothful in business; fervent in spirit; serving the Lord; Romans:12:11And he said unto them, How is it that ye sought me? wist ye not that I must be about my Father’s business?Luke:2:49

Thursday 22 June 2023 10:51 CET | News

The International Monetary Fund (IMF) has announced it has been working on a platform for central bank digital currencies (CDBCs) to enable transactions between countries.

As representatives see it, CBDCs should not be fragmented national propositions. To have more efficient and fairer transactions there must be systems that connect countries, to provide interoperability. For this reason, the IMF is working on the concept of a global CBDC platform.

The IMF wants central banks to agree on a common regulatory framework for digital currencies that will allow global interoperability. Failure to agree on a common platform would create a vacuum that would likely be filled by cryptocurrencies. A CBDC is a digital currency controlled by the central bank, while cryptocurrencies are nearly always decentralised.

The Roman Catholic Church, with all its ramifications throughout the world, forms one vast organization under the control, and designed to serve the interests, of the papal see. Its millions of communicants, in every country on the globe, are instructed to hold themselves as bound in allegiance to the pope. Whatever their nationality or their government, they are to regard the authority of the church as above all other. Though they may take the oath pledging their loyalty to the state, yet back of this lies the vow of obedience to Rome, absolving them from every pledge inimical to her interests. GC 580.2

Already 114 central banks are at some stage of CBDC exploration, with about 10 already crossing the finish line. If countries develop CDBCs only for domestic deployment, they might be underutilising their capacity.

CBDCs

One step closer

In the attempt of unite the world of digital currency, the Digital Currency Monetary Authority (DCMA) has launched an international CDBC that complies with IMF-proposed crypto assets policy recommendations.

The Universal Monetary Unit (UMU) is legally a money commodity that can transact in any legal tender settlement currency. It also functions like a CBDC when it comes to enforcing banking regulations and protecting the financial integrity of the international banking system according to prnewswire.com.

Centralized Faith

And he went out about the third hour, and saw others standing idle in the marketplace,
Matthew:20:3

This international CBDC allows banks to attach SWIFT Codes and bank accounts to a UMU digital currency wallet with the purpose of conducting cross-border payments over digital currency rails that bypass the correspondent banking system. This method is available at wholesale FX rates and supports instant real-time settlements.

Thou oughtest therefore to have put my money to the exchangers, and then at my coming I should have received mine own with usury.
Matthew:25:27

Progress in Africa

In November 2022 the IMF proposed an increase in regulation and better consumer protection in Africa’s cryptocurrency market. The proposal came in the context of FTX’s downfall and the subsequent drop in the prices of Bitcoin, Ethereum, and other crypto assets. According to IMF citing a Chainalysis report, Africa’s crypto market is growing at a rapid pace, but it’s still one of the smallest in the world with crypto transactions peaking at USD 20 billion per month in mid-2021. 

One of the main concerns is that cryptocurrencies can be used to transfer funds illegally out of the region, while widespread crypto use could affect monetary policy effectiveness. The IMF is particularly worried about countries where crypto is accepted as legal tender, a statement based on data from the October 2022 Regional Economic Outlook for sub-Saharan Africa report.

These records of the past clearly reveal the enmity of Rome toward the true Sabbath and its defenders, and the means which she employs to honor the institution of her creating. The word of God teaches that these scenes are to be repeated as Roman Catholics and Protestants shall unite for the exaltation of the Sunday.
The prophecy of Revelation 13 declares that the power represented by the beast with lamblike horns shall cause “the earth and them which dwell therein” to worship the papacy—there symbolized by the beast “like unto a leopard.” The beast with two horns is also to say “to them that dwell on the earth, that they should make an image to the beast;” and, furthermore, it is to command all, “both small and great, rich and poor, free and bond,” to receive the mark of the beast. Revelation 13:11-16. It has been shown that the United States is the power represented by the beast with lamblike horns, and that this prophecy will be fulfilled when the United States shall enforce Sunday observance, which Rome claims as the special acknowledgment of her supremacy. But in this homage to the papacy the United States will not be alone. The influence of Rome in the countries that once acknowledged her dominion is still far from being destroyed. And prophecy foretells a restoration of her power. “I saw one of his heads as it were wounded to death; and his deadly wound was healed: and all the world wondered after the beast.” Verse 3. The infliction of the deadly wound points to the downfall of the papacy in 1798. After this, says the prophet, “his deadly wound was healed: and all the world wondered after the beast.” Paul states plainly that the “man of sin” will continue until the second advent. 2 Thessalonians 2:3-8. To the very close of time he will carry forward the work of deception. And the revelator declares, also referring to the papacy: “All that dwell upon the earth shall worship him, whose names are not written in the book of life.” Revelation 13:8. In both the Old and the New World, the papacy will receive homage in the honor paid to the Sunday institution, that rests solely upon the authority of the Roman Church.
Since the middle of the nineteenth century, students of prophecy in the United States have presented this testimony to the world. In the events now taking place is seen a rapid advance toward the fulfillment of the prediction. With Protestant teachers there is the same claim of divine authority for Sundaykeeping, and the same lack of Scriptural evidence, as with the papal leaders who fabricated miracles to supply the place of a command from God. The assertion that God’s judgments are visited upon men for their violation of the Sunday-sabbath, will be repeated; already it is beginning to be urged. And a movement to enforce Sunday observance is fast gaining ground.
Marvelous in her shrewdness and cunning is the Roman Church. She can read what is to be. She bides her time, seeing that the Protestant churches are paying her homage in their acceptance of the false sabbath and that they are preparing to enforce it by the very means which she herself employed in bygone days. Those who reject the light of truth will yet seek the aid of this self-styled infallible power to exalt an institution that originated with her. How readily she will come to the help of Protestants in this work it is not difficult to conjecture. Who understands better than the papal leaders how to deal with those who are disobedient to the church?
The Roman Catholic Church, with all its ramifications throughout the world, forms one vast organization under the control, and designed to serve the interests, of the papal see. Its millions of communicants, in every country on the globe, are instructed to hold themselves as bound in allegiance to the pope. Whatever their nationality or their government, they are to regard the authority of the church as above all other. Though they may take the oath pledging their loyalty to the state, yet back of this lies the vow of obedience to Rome, absolving them from every pledge inimical to her interests.
History testifies of her artful and persistent efforts to insinuate herself into the affairs of nations; and having gained a foothold, to further her own aims, even at the ruin of princes and people. In the year 1204, Pope Innocent III extracted from Peter II, king of Arragon, the following extraordinary oath: “I, Peter, king of Arragonians, profess and promise to be ever faithful and obedient to my lord, Pope Innocent, to his Catholic successors, and the Roman Church, and faithfully to preserve my kingdom in his obedience, defending the Catholic faith, and persecuting heretical pravity.”—John Dowling, The History of Romanism, b. 5, ch. 6, sec. 55. This is in harmony with the claims regarding the power of the Roman pontiff “that it is lawful for him to depose emperors” and “that he can absolve subjects from their allegiance to unrighteous rulers.”—Mosheim, b. 3, cent. 11, pt. 2, ch. 2, sec. 9, note 17. (See also Appendix note for page 447.)
And let it be remembered, it is the boast of Rome that she never changes. The principles of Gregory VII and Innocent III are still the principles of the Roman Catholic Church. And had she but the power, she would put them in practice with as much vigor now as in past centuries. Protestants little know what they are doing when they propose to accept the aid of Rome in the work of Sunday exaltation. While they are bent upon the accomplishment of their purpose, Rome is aiming to re-establish her power, to recover her lost supremacy. Let the principle once be established in the United States that the church may employ or control the power of the state; that religious observances may be enforced by secular laws; in short, that the authority of church and state is to dominate the conscience, and the triumph of Rome in this country is assured.
God’s word has given warning of the impending danger; let this be unheeded, and the Protestant world will learn what the purposes of Rome really are, only when it is too late to escape the snare. She is silently growing into power. Her doctrines are exerting their influence in legislative halls, in the churches, and in the hearts of men. She is piling up her lofty and massive structures in the secret recesses of which her former persecutions will be repeated. Stealthily and unsuspectedly she is strengthening her forces to further her own ends when the time shall come for her to strike. All that she desires is vantage ground, and this is already being given her. We shall soon see and shall feel what the purpose of the Roman element is. Whoever shall believe and obey the word of God will thereby incur reproach and persecution. GC 578.2 – GC 581.2

The Great Controversy Between Christ and Satan by Ellen G White

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