Developing Countries – DIGIT INFO

Brazil’s President Lula Urges Developing Countries to Abandon Dollar as Global Reserve Currency

DIGIT — Thu, 13 Apr 2023 17:30:05 +0000

According to Brazil’s president Luiz Inácio Lula da Silva, developing countries should abandon the U.S. dollar and strengthen their own national currencies. During a speech at the New Development Bank in Shanghai, Lula expressed his nightly pondering: “Why do all countries have to base their trade on the dollar?” Brazil’s President Wants to Reduce the […]

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UN Report Urges Fed to Suspend Interest Rate Hikes, Presses for ‘Public Spending’ Increases

DIGIT — Tue, 04 Oct 2022 14:00:21 +0000

The United Nations Conference on Trade and Development (UNCTAD) has warned that the U.S. Federal Reserve’s interest rate hikes and the slew of other central banks raising rates, could pose harm to the global economy. UNCTAD calculated that for every Fed basis point rise, the economic output of wealthy countries declines by 0.5%, and for […]

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Crypto use in emerging markets driven by necessity: KuCoin Labs head

DIGIT — Thu, 28 Jul 2022 17:46:05 +0000

Key differences in the use and development of cryptocurrencies come to the fore as Blockchain Economy Istanbul continues to focus on emerging markets.

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5 Countries Will Accept Bitcoin as Legal Tender by End of Next Year, Says Bitmex CEO

DIGIT — Mon, 11 Oct 2021 02:19:37 +0000

By the end of next year, at least five countries will have accepted bitcoin as legal tender, the CEO of cryptocurrency exchange Bitmex has predicted. He cited three key reasons why he arrived at this conclusion. “Developing countries will jump into crypto in 2022,” he said. More Countries Will Adopt Bitcoin as Legal Tender The […]

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South African University Professor Urges Country to ‘Finalize Cryptocurrency Policy’ — Warns Against Resisting Crypto

DIGIT — Mon, 27 Sep 2021 04:30:09 +0000

A professor with the University of Johannesburg, Rabelani Dagada, has urged South Africa to finalize its cryptocurrency public policy if the country still wants to become a hub for digital currency innovation. History Will Repeat Itself In an opinion published by Itweb, Dagada warned South African authorities that the continued efforts to stifle cryptocurrencies will […]

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Low Interest Rates Provide Precarious Protection Against Crisis, World Bank Warns

DIGIT — Fri, 10 Jan 2020 09:45:41 +0000

The latest global debt wave is the largest in the past five decades, the World Bank has acknowledged in a new report. The international institution notes that previous waves of broad-based debt accumulation lead to widespread financial crises. Historically low interest rates this time might not be sufficient to avoid the next meltdown. Also read: […]

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Binance Wants to Invest in Africa, Reaches Out to African Projects

DIGIT — Mon, 03 Sep 2018 15:05:09 +0000

Africa is a market of over 1.2 billion consumers, with fast growing developing economies and hundreds of millions of unbanked people. As such, the continent offers plenty of opportunities for new crypto ventures and Binance is eager to tap this market. Also Read: The Daily: Bittrex Invests in New Platform, ATM Market to Grow Over […]

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