It seems that the FTX collapse caused many governments to rethink their strategies regarding cryptocurrencies. The United Kingdom already has its multi-year plan ready, and Spain announced that they would be creating a “sandbox” to isolate the crypto sector from the economy. The latter is a way to test some products and features of the … Read more
A variety of benefits, that CBDCs have the potential to offer, were explained in detail by Netherlands Queen, Her Majesty Maxima. Her Majesty believes that for offering support to minimum income earners, the digital euro could be immensely beneficial. Digital Euro would further help them in exploring other financial services with which they are not … Read more
Binance’s top executive does not seem to be convinced on the aspect that cryptocurrencies’ existence might be in danger because of CBDCs. He said that in fact, the governments would be validating the concept of blockchain on the pretext that they too are using it for CBDC purposes. Binance’s CEO Not Convinced over CBDC Posing … Read more
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 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
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
The CBK (Central Bank of Kenya) is pursuing feedback on the behalf of the common masses regarding the utilization of a likely CBDC (central bank digital currency), as per a press release of Friday. A discussion paper has been issued by the CBK sketching the likely forms of digital shilling of Kenya along with the … Read more
