I spoke to my accountant about that and credit unions will be treated just like the banks. There's no difference in this respect. They will have to confiscate everyones money first. That won't be easy.
I spoke to my accountant about that and credit unions will be treated just like the banks. There's no difference in this respect. They will have to confiscate everyones money first. That won't be easy.
I spoke to my accountant about that and credit unions will be treated just like the banks. There's no difference in this respect. They will have to confiscate everyones money first. That won't be easy.
I think the model they'll try to use is the "bail-in" as it was done in Cyprus and Greece in 2012-2013.
https://cointelegraph.com/news/greek-banks-plan-for-bail-in-withdrawals-from-consumer-deposits
https://thedocs.worldbank.org/en/doc/8dea75f98f65a824e389bdbd422f06d8-0430012022/related/Michalis-Stylianou-Central-Bank-of-Cyprus.pdf
Or they'll convert all the "dollars" held in commercial banks to the new "currency."
If they do it won't be that difficult then.