One of the most massive cryptocurrency withdrawals recorded on Binance and Coinbase. This is the largest withdrawal flow since December last year amid the fallout from the collapse of the FTX exchange.
Several reports that the International Monetary Fund (IMF) is about to launch the global central bank digital currency (CBDC) last week, shook the crypto community. However, the information in the initial reports is far from being true.
These days, the banking industry is calling on their users to use digital banking payments instead of cash. According to research, some of the more economically developed countries, like Sweden and UK, will move to a cashless society by 2020. However, why are banks so eager to call on their customers to stop using cash?