Economy

Nigerian Central Bank Heeds VP’s Advice on Cryptocurrency
Mar 01, 2021 at 15:09
News
Nigerian Central Bank Heeds VP’s Advice on Cryptocurrency
The Nigerian Central Bank has paid notice to the Country’s Vice President positive advice on cryptocurrency. The Central Bank which recently banned cryptocurrency in the Country was criticized by Vice President Yemi Osinbajo who preferred regulating cryptocurrency to banning its use in the country.
Russian Is Cautious About Cryptocurrency; Prefers Centralized CBDC
Feb 28, 2021 at 10:19
News
Russian Is Cautious About Cryptocurrency; Prefers Centralized CBDC
The digitalisation of the financial industry and the economy at large as well as the development of fintech increased public demand for cryptocurrency and advanced payment methods in Russia. However, the position of the country on cryptocurrency is still not clear.
Will Joe Biden Launch a Digital Dollar to Make Relief Payments?
Feb 26, 2021 at 11:56
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Will Joe Biden Launch a Digital Dollar to Make Relief Payments?
The US President Joe Biden promised to deliver a $1.9 trillion stimulus plan to revamp the country's economy that was hit hard by the Covid-19 pandemic.
5 Countries That Offer the Most Favourable Environment for Cryptocurrency Businesses
Feb 10, 2021 at 14:31
News
5 Countries That Offer the Most Favourable Environment for Cryptocurrency Businesses
Amidst global digitization, the cryptocurrency industry is constantly growing. Some countries remain alerted to the industry, while others create favourable conditions to take advantage of it to boost their economy.
3 Major Economic Implications of Central Bank Digital Currencies
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.
US Domestic Extremists Receive Bitcoin Donations: Does Someone Want to Bring the Country Down?
Jan 15, 2021 at 14:11
News
US Domestic Extremists Receive Bitcoin Donations: Does Someone Want to Bring the Country Down?
The protesters that stormed the Capitol received Bitcoin donations worth around $550,000. Does that mean someone is funding domestic extremists to bring the country’s economy down?
Another CBDC Coming Soon: Lebanon Seeks to Fight Economic Crisis with Digital Currency
Nov 26, 2020 at 14:34
News
Another CBDC Coming Soon: Lebanon Seeks to Fight Economic Crisis with Digital Currency
The Central bank of Lebanon (BoL) is planning to release its state-backed digital currency known as digital pound. The bank is now the latest financial regulator to embrace the roll out of a central bank digital currency CBDC. The official launch is planned for 2021.
Blockchain Poised to Create $1.76 Trillion Worth of Global Economy by 2030
Oct 20, 2020 at 14:42
News
Blockchain Poised to Create $1.76 Trillion Worth of Global Economy by 2030
According to the recent report by PwC, a global audit and consulting network, Blockchain has what it takes to add $1.76 trillion to global gross domestic product (GDP) by 2030. But what is the basis of these ambitious projections? Are these numbers practical or far from reality?
China Is Approaching the Release of Digital Yuan by Expanding its Trials
Aug 16, 2020 at 11:09
News
China Is Approaching the Release of Digital Yuan by Expanding its Trials
As the idea of issuing the Central Bank Digital Currency (CBDC) is gaining traction worldwide, China makes practical steps to make their digital yuan release closer. Now, the country is going to expand its trials to test the CBDC potential on a larger scale.
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