No need for central bank digital currency in Australia says Reserve Bank
Unlike China, Sweden, and Canada, Australia is reluctant to issue a CBDC. Go to Source Powered by WPeMatico
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Unlike China, Sweden, and Canada, Australia is reluctant to issue a CBDC. Go to Source Powered by WPeMatico
The 2020 pandemic could accelerate global efforts to issue CBDCs, say BIS analysts. Go to Source Powered by WPeMatico
The Bank for International Settlements expects the COVID-19 crisis’ impact on retail payments to have a positive effect on central bank digital currency development. Go to Source Powered by WPeMatico
Central bank digital currencies (CBDCs) pose no threat to Bitcoin’s value proposition, instead, they will spur its growth toward mass adoption. In a new report, Grayscale Investments said CBDCs will never replace BTC because unlike the top cryptocurrency, they can be inflationary and are open to manipulation by central banks CBDCs are merely digital versions … Read more
Experts at London Blockchain Week say security is DeFi’s greatest challenge: “We used to have nerds attacking the system, now we have nerds with money” Go to Source Powered by WPeMatico
‘What in the world is going on’ has now become a question of real pertinence, instead of just a cliché for common bewilderment. As COVID-19 panic grips the world, ripple effects are crashing markets and effectively canceling economies across the globe, scrawling the writing on the wall for something big. Even the beloved Walt Disney … Read more
London Blockchain Week carries on despite looming Coronavirus fears Go to Source Powered by WPeMatico
Global debt records were broken in 2019, but that likely won’t be the end of such ominous economic milestones, the Institute of International Finance (IIF) predicts. The number could reach $257 trillion sometime in Q1 2020, according to a recent report by the group. Economies worldwide are struggling to address pressing issues such as stimulation … Read more
The China Foreign Exchange Trade System (CFETS) announced that effective January 1, 2020, the system “will adjust weights for CFETS RMB Index,” decreasing the weighting of the USD for the second time in the currency basket’s history from 22.40% to 21.59%, and increasing the Euro from 16.34% to 17.40%. The change could signal further disassociation … Read more
China’s Hengfeng Bank is set to get a $14.2 billion bailout from both Chinese government and foreign investors. An emergency decree has been approved to bail out southern Italy’s biggest lender, Banca Popular di Bari. Germany continues to struggle with bailout pains, as regional bank Nordlb finds itself now depending on another capital injection. None … Read more