Lebanon’s Central Bank Burns as Protesters Rail Against Fiscal Failures
A spiralling currency crisis in Lebanon sparked widespread protests targeting central banks an increasing embrace of digital assets. Go to Source Powered by WPeMatico
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South Korean Merchants Open to Accepting Digital Yuan
An article published by Yonhap suggests that South Korean merchants are open to accepting digital yuan as a payment method in the near future. Go to Source Powered by WPeMatico
Not With Bitcoin: Rumor ECB Eyeing $500B Debt Quarantine in ‘Bad Bank’
Coronavirus will inflate the EU bad debt mountain, and banks should be shielded, while an official speaks highly of so-called “bad banks.” Go to Source Powered by WPeMatico
Central Bank of Saudi Arabia Transfers Funds to Local Banks Over Blockchain
The Saudi Arabian Monetary Authority has transferred funds to local banks using blockchain technology. Go to Source Powered by WPeMatico
Central Bank Digital Currencies Endanger Private Banks, Says Federal Reserve
Central bank digital currencies endanger private banks, warned the Federal Reserve Bank of Philadelphia. Go to Source Powered by WPeMatico
Bitcoin Is a Paradigm Shift Beyond Wall Street
A former Goldman Sachs vice president of investment banking: “We should be glad that traditional Wall Street hasn’t come around to embrace crypto yet.” Go to Source Powered by WPeMatico
American Panic Led to the Creation and Expansion of the Corrupt Federal Reserve System
The Federal Reserve System was created after the “Panic of 1907” and ever since its inception in 1913, the Fed is one of the most powerful modern central banks in the world. Moreover, the Fed has always been either celebrated or criticized for stepping in whenever the U.S. is stricken with some kind of fear. … Read more
The Worst Crisis in a Century Is Setting the Stage for Bitcoin
The world’s existing economies are suffering due to the COVID-19 pandemic, which has revealed the main benefits of decentralized tech and crypto. Go to Source Powered by WPeMatico
IMF Official Says Public-Private CBDC Offers Best of Both Worlds
IMF expert says a synthetic CBDC is gaining popularity and will drive more innovation. Go to Source Powered by WPeMatico
Russia’s Central Bank to Launch Blockchain-Powered Digital Mortgage Platform
The Central Bank of Russia is intending to use a local, FSB-approved blockchain for its upcoming e-mortgage project. Go to Source Powered by WPeMatico