Category: Digital Currency

China’s central bank worried about stablecoins’ risk to financial systems

China’s central bank worried about stablecoins’ risk to financial systems

While Visa and other major private payments networks see the potential of stablecoins, China’s central bank believes they pose serious risks to global financial systems. 544 Total views 4 Total shares The Chinese central bank is “quite worried” about the global financial risks associated with digital currencies, particularly stablecoins, according to a senior official. Fan […]

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Blockchain not suitable for CBDC, says Swiss national bank economist

Blockchain not suitable for CBDC, says Swiss national bank economist

Global economists continue to question the implications of blockchain implementation for central bank digital currencies. 4690 Total views 5 Total shares Blockchain, the underlying technology of cryptocurrencies like Bitcoin (BTC), is not the right solution for a central bank digital currency, according to an economist at Switzerland’s central bank. Carlos Lenz, chief economist at the […]

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State digital currency to get more trust than crypto, says Russian ex-PM

State digital currency to get more trust than crypto, says Russian ex-PM

Former Russian Prime Minister and President Dmitry Medvedev believes that it is time to recognize the importance of crypto and CBDCs. 4250 Total views 10 Total shares Trust in state-backed digital currencies will be “immeasurably higher” than trust in public cryptocurrencies like Bitcoin (BTC), Russian former Prime Minister Dmitry Medvedev argued. Medvedev, the incumbent deputy […]

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