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?
Wu Xiaoling, former Vice-President of the People’s Bank of China (PBoC) and now chairperson of Wudaokou School of Finance at Tsinghua University, has once again praised bitcoin and other altcoins, saying although they have their pros and cons, they play a crucial role in development.
Texas Securities Commissioner has granted an injunction against Coinvaultpro over illegal and fraudulent crypto scheme bringing the total enforcement actions the state has now effected against crypto companies to 27.
Talks about Central Bank Digital Currencies (CBDC) have been ongoing for a long time, however, we are seeing attempts at practical implementation only now as the coronavirus pandemic rages across the world.