Jan 31, 2021 at 15:23
News
3 Major Economic Implications of Central Bank Digital Currencies
The COVID-19 pandemic has opened the eyes of many central banks and has now taken a route of fintech innovation. Some of the major tools being currently looked at is introducing central bank digital currency (CBDC) into the finance and banking industry. But the main question is how these new forms of digital currencies impact the economy.
Jan 07, 2021 at 15:43
News
Ukraine Is Going to Jump on the CBDC Bandwagon with Stellar
As most states in the world are moving towards rolling out their own state-backed blockchain-based digital currencies, Ukraine, a cryptocurrency-friendly country in Eastern Europe has also decided to follow the lead. The state is going to develop its own central bank digital currency (CBDC).
Nov 27, 2020 at 11:12
News
Supporting Cryptocurrency Business: US takes the Lead
The existing interaction between banks and cryptocurrency companies is not the best so far, and there are little to no efforts being put in place to address this issue. Some central banks are giving orders to other financial institutions not to deal in cryptocurrencies including Bitcoin. Bans and warnings have been issued by banks to keep away from using or trading cryptocurrencies.
Nov 20, 2020 at 13:42
News
European Union Exploring Digital Euro: Central Bank Seeks Public Feedback
The European Central Bank Governing Council is advancing the work on the possible issuance and circulation of a digital euro, a type of central bank electronic money that would foil cash, not substitute it. Authorities want people to access and use these two types of money together, to offer greater choice and easier access to means of making payments.