YIDINDJI ENTERS GLOBAL FINANCIAL SYSTEM BY LAUNCHING ITS CENTRAL BANK DIGITAL CURRENCY PRESS STATEMENT
1st of February 2022 The Yidindji nation has announced its Central Bank Digital Currency to the world as it moves forward to building its nation with the ability to underwrite a new page in its history. The Minister for Financial Technology, Murrumu of Walubara said “ This is a matter of survival for the Yidindji people and it really is a positive development. Thanks to our partners at MetaMUI, we can now confidently start to map out our priorities knowing that we will have the mechanism to procure and pay our way through our central bank digital currency.” While the official launch of the CBDC took place on January 26, 2022. The first successful transaction has been officially confirmed today. “Transactions will allow our government to now start compensating our workers like our Police officers, government ministers and the CBDC allows us to design a universal basic income system for our citizens as well as in the future developing smart cities and services. I simply can not state how massive this is for our nation and indeed the Asia-pacific region.” said Minister Walubara. In January the Yidindji-MetaMUI partnership announced the Self Sovereign Identity for its citizens and persons, the addition of the Central Bank Digital Currency, known as the 'SYD' (Sovereign Yidindji Dollar) will enable an easy flow between the citizen and the government banking system. Minister Walubara stated “Our government is currently putting together its payroll workflow and training is being rolled out to our financial officers to mint and verify the SYD so we can make sure our week to week operations are being covered, while the cross border payments are still being worked on, we know that the treaty with the Commonwealth of Australia will be vital. After all this is about financial inclusion, survival and settling the past and securing the future.” The private blockchain delivered currency is powerful in many ways the excellent YidindjiMetaMUI technology allows the Yidindji government to follow where its money is being used and that's an important part of the story according to Murrumu. “We will have the ability to ensure that our legal tender the SYD is not being used for nefarious activities including but not limited to money laundering and or financing terrorism or underwriting unethical entities. The power of the Yidindji-MetaMUI technology will enable our nation to exercise peace, order and good governance at a level never seen before.”
The Yidindji nation now joins a list of around 60 nations and entities that have entered in the Central Bank Digital Currency space and the very first on the Australian continent. END OF STATEMENT Tuesday the 1st day of February 2022.