World Bank – Page 5

Can Central Bank Digital Currencies Protect Individual Privacy?

Top crypto industry and policy experts debated the privacy ramifications of state-issued virtual currencies during the first day of Consensus.

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G20 Considers 10 Rules for Regulation of Stablecoins Like Facebook Libra

The G20 is setting rules to regulate stablecoins such as Facebook’s Libra cryptocurrency. Responding to a call by the G20, the Financial Stability Board (FSB) has provided 10 “high-level” recommendations that establish a regulatory framework for stablecoins. Also read: IMF Declares Global Recession, 80 Countries Request Help, Trillions of Dollars Needed G20 Sets International Rules […]

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World Bank Digs Deeper Into DLT and FinTech for Financial Inclusion

The World Bank Group outlines new tech like DLT and stablecoins as crucial for financial inclusion

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India Is Fostering a Solarized Digital Future

India is moving toward renewable energy production backed with the digital technologies

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Digital Remittances Reach Record High of $96 Billion, Fees Charged by Traditional Providers Open Door for Cryptocurrencies

Digital Remittances Reach Record High of $96 Billion, Fees Charged by Traditional Providers Open Door for Cryptocurrencies In a globalized world where labor follows capital, the remittance industry has been growing constantly in both volume and users. Traditional providers like banks and money transfer companies have been charging high fees for their services which creates opportunities for alternative digital platforms and decentralized cryptocurrencies. Also read: Russians Can Use Qiwi, Sberbank, Yandex Money […]

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

Low Interest Rates Provide Precarious Protection Against Crisis, World Bank Warns 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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Indian Finance Minister Answers Crypto Questions at IMF Meeting

At an IMF and World Bank meeting, Indian Finance Minister Nirmala Sitharaman talked about cryptocurrency and stablecoins when asked about Facebook’s Libra digital currency project. RBI Governor Shaktikanta Das also addressed the subject at the conference. Also read: Indian Supreme Court Postpones Crypto Case to November, New Date Confirmed Finance Minister Talks Crypto At the […]

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The World Bank’s Blockchain Bond Is Just a Fancy Way of Selling Debt

Last year the World Bank and the Commonwealth Bank of Australia announced a permissioned Ethereum-based blockchain to facilitate the end-to-end issuance of bonds between financial partners. The Bretton Woods-created financial institution hopes to make debt capital markets far more efficient with a bank-to-bank blockchain network. At the same time, the World Bank’s bond scheme has […]