Explore the implications of Central Bank Digital Currency (CBDC) on financial privacy and learn how Marisa’s Experience Product Masterclass can help you create and market your crypto-related products more effectively.
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Good day, crypto enthusiasts! We’re here to discuss all things related to investing in cryptocurrencies and finding financial success. Today, we have some exciting developments in the world of Central Bank Digital Currency (CBDC) in the USA to explore. In fact, let’s delve straight into the latest on this front.
Central Bank Digital Currency (CBDC) Developments
CBDC has been a hot topic, and many in the crypto community, including us, have expressed concerns about its potential to infringe on our financial rights and privacy. However, there’s good news to share! A new bill called the CBDC Anti-Surveillance State Act has made significant progress in the House this week. Let’s break it down:
House Financial Services Committee
The bill passed through the House Financial Services Committee and is now headed for a Congressional vote. It already boasts support from 60 members of Congress. It emphasizes the importance of safeguarding American values in the digital economy.
What the Act Entails
The CBDC Anti-Surveillance State Act seeks to prevent unelected bureaucrats in Washington from issuing a CBDC. This means that, if the bill passes, the Federal Reserve won’t be able to issue a CBDC to individuals or utilize it for monetary policy.
Interestingly, the committee’s decision split along partisan lines, with Republicans supporting the bill and Democrats opposing it. Ultimately, the bill aims to safeguard Americans by only allowing CBDCs to be issued by congressional authorization.
Implications of the CBDC Act
The passage of this act is a significant step towards protecting individual financial privacy. If CBDCs were to become the norm, it could eliminate the option of using physical cash, which many of us value for various reasons. Cash allows for transactions without the intrusion of surveillance, and its preservation is vital.
So that’s the latest update on legislation and the Central Bank Digital Currency.
Creating Courses to Supplement Your Crypto Investing
On another note, let’s shift our focus to a more practical approach to crypto investing, especially for those who might not have significant capital to start with. What in the world do you do if you need cash before you can invest? One strategy to try is creating educational courses to supplement a side hustle or business. Here’s an exciting opportunity.
Online Course Challenge
A friend and mentor of ours, Marisa Murgatroyd, is hosting a 5-day course challenge this week that can help you validate your online course idea and ensure its profitability. This challenge is a taste of her more comprehensive course (The Experience Product Masterclass) which teaches one how to craft successful digital courses. Marisa opens EPM once per year in October.
Effective Course Design
Crafting an online course is not just about teaching; it’s also about engaging your audience and motivating them to take action. It’s not enough for students to enroll; they must actively use the knowledge you provide to improve their lives, especially if you want to encourage them to keep working with you.
Lead Magnets and Gamification
To capture the attention of potential students, it’s essential to move beyond traditional lead magnets like boring PDFs and reports. Gamifying your course materials can encourage participation and completion, ensuring your content reaches its intended audience. One handy tool for this is Murray Gray’s Xperiencify platform which makes gamifying a digital course easy.
An Example of Xperiencify in Practice
Even better than a gamified course is a course that is so condensed and tuned into how to get a person to take action that a student who chances to open it will probably finish it. We’ve taken Murray’s approach to heart with our Crypto Tax Matrix Course. It’s a concise, practical resource that helps individuals determine when they need professional assistance with their crypto taxes. This course serves as a lead magnet, guiding people to understand their tax needs better and, if necessary, explore our services.
Wrapping it all up
In the world of cryptocurrencies, staying informed about CBDC developments is crucial for protecting our financial freedoms. Simultaneously, if you’re looking to kickstart your crypto investment journey without a substantial budget, consider creating educational courses in your niche. This approach can help you share your knowledge, reach your target audience, and potentially generate income.
Remember, taking action and continuously learning are key to success in the ever-evolving crypto landscape. If you have questions or want to explore crypto investment strategies further, don’t hesitate to reach out to us. We’re here to help you navigate the crypto world effectively!
Reach out to us for any assistance with your crypto taxes. Book a call here.
Did you read our previous post about crypto strategy titled: “Defi: The Double-Edged Sword of Crypto Investing – How to Stay Sharp“
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