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3232Davos 2023: CBDCs Are the Future of Central Bank Money but They Are Still Not Ready
https://www.digit.info/davos-2023-cbdcs-are-the-future-of-central-bank-money-but-they-are-still-not-ready/
Sat, 21 Jan 2023 07:30:13 +0000https://www.digit.info/2023/01/21/davos-2023-cbdcs-are-the-future-of-central-bank-money-but-they-are-still-not-ready/Read more]]>A World Economic Forum (WEF) panel comprised of central bankers and global tech providers has profiled central bank digital currencies (CBDCs) as the future of central bank money, presenting them as one of the solutions for limitations in the payments sector today. However, they have also stated these present several limitations still to be addressed. […]
]]>President of Central Bank of Peru Criticizes Crypto, Citing Lack of Intrinsic Value and Climate Change
https://www.digit.info/president-of-central-bank-of-peru-criticizes-crypto-citing-lack-of-intrinsic-value-and-climate-change/
Mon, 21 Feb 2022 09:30:13 +0000https://www.digit.info/2022/02/21/president-of-central-bank-of-peru-criticizes-crypto-citing-lack-of-intrinsic-value-and-climate-change/Read more]]>Julio Velarde, the president of the Central Bank of Peru, attacked the value of cryptocurrencies and referred to negative effects they are said to have on the environment. In a recent interview with local media, Velarde said the Bank did not consider bitcoin a payment method. Instead, Velarde referred to it as a “highly volatile […]
]]>Central Bank of Peru Will Develop a Digital Currency
https://www.digit.info/central-bank-of-peru-will-develop-a-digital-currency/
Mon, 22 Nov 2021 11:00:45 +0000https://www.digit.info/2021/11/22/central-bank-of-peru-will-develop-a-digital-currency/Read more]]>The Central Reserve Bank of Peru, the Peruvian central bank, is planning to develop a central bank digital currency (CBDC) like other economies of the world. The announcement was made by its president, Julio Velarde, who stated that the currency would be designed for use primarily in payments. However, Velarde also acknowledged this was not […]
A World Economic Forum (WEF) panel comprised of central bankers and global tech providers has profiled central bank digital currencies (CBDCs) as the future of central bank money, presenting them as one of the solutions for limitations in the payments sector today. However, they have also stated these present several limitations still to be addressed. […]
Julio Velarde, the president of the Central Bank of Peru, attacked the value of cryptocurrencies and referred to negative effects they are said to have on the environment. In a recent interview with local media, Velarde said the Bank did not consider bitcoin a payment method. Instead, Velarde referred to it as a “highly volatile […]
The Central Reserve Bank of Peru, the Peruvian central bank, is planning to develop a central bank digital currency (CBDC) like other economies of the world. The announcement was made by its president, Julio Velarde, who stated that the currency would be designed for use primarily in payments. However, Velarde also acknowledged this was not […]