центральный банк

Head of the IMF Suggests Countries Issue Their Own Cryptocurrencies

Christine Lagarde, head of the International Monetary Fund (IMF), said governments should consider a central bank digital currency (CBDCs) to prevent fraud and improve financial services in both developed and developing countries. Lagarde, speaking at the Singapore Fintech Festival this week, said banks should work to create digital cash systems to keep up with private digital finance […]

Pakistan to Introduce the Nation’s Digital Currency by 2025

Pakistan’s State Bank Deputy Governor Jameel Ahmad has revealed that the Pakistani government is promoting financial technology in the country in all aspects, from web banking and e-commerce to the issuance of national digital currency. Ahmad said that while digital currency may be more efficient for the economy of the future, government agencies should ensure […]

The challenges decentralized systems face

Decentralized systems User and developer adoption. Technical feasibility alone does not guarantee the sort of widespread adoption necessary to build a useful social network. Some of the more mature tools developed in this space have faced serious difficulties in attracting a permanent user base, and the problems those platforms suffer from may hinder the growth […]

Germany: Finance minister in favour of a national digital currency

Germany might soon be making a move towards developing their very own national digital currency. Reportedly, Olaf Scholz, Germany’s Vice-chancellor and finance minister, has shown his support towards implementing a blockchain-based monetary system for the nation As per the German financial news magazine WirtschaftsWoche, the finance minister is in complete favour of electronic currency or […]

60 Japanese Banks Launch Digital Currency Without a Blockchain

Sixty leading banks in Japan, under the leadership of Mizuho Bank, have launched a new digital currency called J Coin. The digital cash system will be integrated with J Coin Pay to work across the country. Contrary to initial reports, J Coin will not bear resemblance to a traditional cryptocurrency — in spite of its […]

Differences between cryptocurrencies and digital money

Digital money is a broader concept than cryptoTo begin with, digital money is a more general term. Cryptocurrencies are digital money, but digital money may not be exactly crypto in a particular case: it could be any national coin in the electronic form as well. Digital money doesn’t require encryptionOne of the main differences lies […]

Digital dollar? RT’s Boom Bust explores ‘Crypto Dad’s’ push to digitize the greenback

Former US financial regulator J. Christopher Giancarlo, also known as ‘Crypto Dad’ for his support of cryptocurrencies, has announced the launch of a think tank to push the idea of digitizing the US dollar. Boom Bust talks to international regulatory attorney Myles Edwards about the possibility of converting the greenback into a fully electronic currency […]

Moving Ahead on Blockchain Innovation

China pursues a pragmatic approach to blockchain technology. As a tamper-proof way of recording every digital transaction, blockchain technology could soon play a key role in everything from commercial finance and the Internet of Things, to artificial intelligence (AI) and 5G networks. As the Chinese government is well aware, it has the potential to be […]

China’s digital currency could threaten dollar’s dominance

Since bitcoin was launched in 2008, the first crypto asset with its own unit of account based on blockchain technology, more than 3,000 crypto assets with a diverse range of features have entered the digital currency market. Yet regulatory authorities around the world have thus far largely indicated they are not threatened by crypto asset […]

PBOC moves closer to the launch of DC/EP, its own digital currency

The Chinese monetary authority has identified digital currency as one of the nation’s most important infrastructure areas in the coming years, and the global community is expecting the birth of a digitalized renminbi this year. Senior officials from the People’s Bank of China, the central bank, said recently that the testing of the central bank’s […]

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