Central Bank Of Chile Says It Requires More Time To Explore CBDCs

Even at this time, Chile is contemplating whether to step ahead with a CBDC (central bank digital currency), notwithstanding the formerly revealed strategy regarding a proposal’s preparation in the earlier phase of this year. On 11th May, the central bank of Chile stated that it requires some extra time to be sure regarding the issuance … Read more

The Venezuelan Government Wants To Solidify The Bolivar As The Main Currency For Transactions

The Bolivar is gradually being strengthened following the government’s imposition of a 3% tax on crypto transactions. Having faced various economic crises five years ago, the Venezuelan president authorized the de-facto dollarization to escape the nation’s economic woes. However, the country is seeking to make a u-turn to de-dollarize its economy and make the nation’s … Read more

Cardano Founder Calls CBDCs A Bad Idea

Founder of Cardano, Charles Hoskinson recently released shared a video, which basically matched with his stance towards how the usage of Central Bank Digital Currencies (CBDCs) is a poor idea in general. Privacy and Control CEO of IOHK and Founder of Cardano, Charles Hoskinson very recently shared a video on his twitter which linked to … Read more