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Through their policies, central banks exert tremendous influence over the socio-economic conditions in a country and its business environment. Their decisions are so powerful that it’s obvious they are part of the government. But most people would be surprised to find out that central banks are almost never part of the due democratic process. Also … Read more
Huang Qifan of the China Center for International Economic Exchanges said that China will be the leader in forming a national digital currency Go to Source Powered by WPeMatico
Blockchain development has kind of become an element of the party line in the world’s largest officially communist state. The General Secretary of the Communist Party of China, Xi Jinping, recently told a Politburo meeting that the People’s Republic has to gain an edge in the emerging field. Some say Xi’s statement brought back the … Read more
There’s a lot of unrest in Chile right now as the country has seen massive protests against government manipulation and an escalation of financial problems. Local reports detail a few banking establishments have been burned after customers started having issues withdrawing cash from ATMs. Issues with the bank machines that don’t work coupled with rising … Read more
The Bahamas’ central bank is planning to release a national fiat digital currency to ensure the economy’s resilience in the event of a natural disaster Go to Source Powered by WPeMatico
Management consulting firm McKinsey & Company has published a global banking review and found that a majority of banks worldwide may not be economically viable. More than half of them still do not generate their cost of equity 10 years after the crisis and may not survive an economic downturn. Also read: FATF Starts Checking … Read more
A professor at Stanford Graduate School of Business says cryptocurrencies will inevitably upend the banking sector Go to Source Powered by WPeMatico
Lebanon to keep banks closed until further notice Go to Source Powered by WPeMatico
Every year the world seems to be getting crazier and more people are starting to realize that it stems from oppressive government transgressions against a peaceful society. The world has noticed millions of people from France, Hong Kong, Venezuela, Indonesia and more are rising up because citizens are sick and tired of the manipulation. Because … Read more
The number of Americans owning some form of crypto has almost doubled in 2019, according to a survey by Australia-based firm Finder Go to Source Powered by WPeMatico