Category: digital currency

130 Countries Are ‘Exploring’ Central Bank Digital Currencies, Report Says

June 28, 2023
Business & MarketsChinadigital currencyeconomic policieseconomyFederal ReservePolicies & ImpactsRussiaUSUS NewsWorld
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Nearly two thirds of the countries in the world are now “exploring” central bank digital currencies (CBDCs) at one level or another, a new report says. The report, published on Wednesday by Washington-based think tank Atlantic Council, reveals that a total of 130 countries—representing 98 percent of global economy—are taking steps to convert their central…

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IMF Pushes Global Central Bank Digital Currency Platform as Cashless Trend Builds Steam

June 19, 2023
Business & MarketsCBDCcryptocurrencydigital currencyeconomyIMFMarketsUS
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The International Monetary Fund (IMF) is working on a platform that would allow various central bank digital currencies (CDBCs) to interoperate on a global scale, which comes amid a broader push toward cashless societies and concerns about risks to freedoms. IMF managing director Kristalina Georgieva told conference participants on Monday in Rabat, Morocco, that the…

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IMF Pushes Global Central Bank Digital Currency Platform as Cashless Trend Gains Momentum

June 19, 2023
Business & MarketsCBDCcryptocurrencydigital currencyeconomyIMFMarketsUS
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The International Monetary Fund (IMF) is working on a platform that would allow various central bank digital currencies (CBDC) to interoperate on a global scale, Managing Director Kristalina Georgieva told participants at a conference. “CBDCs should not be fragmented national propositions … To have more efficient and fairer transactions, we need systems that connect countries—we…

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Failed Digital Currency Cost Federal Government Millions

May 10, 2023
Canadacanada central bank currencycanada digital currencydigital currencyRoyal Canadian MintWorld
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The Royal Canadian Mint tried to launch a digital currency venture and failed, losing millions in the process, according to the Crown corporation’s latest annual report. Figures from that report were released on May 9, and Alex Reeves, a spokesman for the Mint, would not provide details, according to Blacklock’s Reporter. “We have nothing to…

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‘We Don’t Quite Know’ About the Consequences of Retail CBDCs: IMF Chief

May 2, 2023
Business & MarketsCBDCcryptocurrencydigital currencyeconomyIMFMarketsPolicies & ImpactsUSWorld
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Kristalina Georgieva, managing director of the International Monetary Fund (IMF), is warning that the world is heading toward a widespread adoption of central bank digital currencies (CBDC) without properly considering the risk factors involved. “We are going in that direction,” Georgieva said about the adoption of CBDCs worldwide during a May 1 discussion Milken Institute…

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LIVE 10:30 AM ET: Countries Begin Dropping the Dollar; Fed Launches First Stage of Digital Currency

April 11, 2023
CBDCChinese YuanCrossroadsdigital currencyDollarEpochTVFeatured TopicsFedLive VideosPolicies & ImpactsUSUS NewsVideo
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A slew of nations recently announced they will begin moving away from the U.S. dollar when trading key products, and some are openly promoting a new movement to ditch the dollar for the Chinese yuan. The new movement in “de-dollarization” could deeply impact America’s role as the world leader, and damage its ability to sanction…

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LIVE NOW: Countries Begin Dropping the Dollar; Fed Launches First Stage of Digital Currency

April 11, 2023
CBDCChinese YuanCrossroadsdigital currencyDollarEpochTVFeatured TopicsFedLive VideosPolicies & ImpactsUSUS NewsVideo
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A slew of nations recently announced they will begin moving away from the U.S. dollar when trading key products, and some are openly promoting a new movement to ditch the dollar for the Chinese yuan. The new movement in “de-dollarization” could deeply impact America’s role as the world leader, and damage its ability to sanction…

Read More

Countries Begin Dropping the Dollar; Fed Launches First Stage of Digital Currency

April 11, 2023
CBDCChinese YuanCrossroadsdigital currencyDollarEpochTVFeatured TopicsFedLive VideosPolicies & ImpactsUSUS NewsVideo
0 Comment

A slew of nations recently announced they will begin moving away from the U.S. dollar when trading key products, and some are openly promoting a new movement to ditch the dollar for the Chinese yuan. The new movement in “de-dollarization” could deeply impact America’s role as the world leader, and damage its ability to sanction…

Read More

LIVE 4/11, at 10:30 AM ET: Countries Begin Dropping the Dollar; Fed Launches First Stage of Digital Currency

April 10, 2023
CBDCChinese YuanCrossroadsdigital currencyDollarEpochTVFeatured TopicsFedLive VideosPolicies & ImpactsUSUS NewsVideo
0 Comment

A slew of nations recently announced they will begin moving away from the U.S. dollar when trading key products, and some are openly promoting a new movement to ditch the dollar for the Chinese yuan. The new movement in “de-dollarization” could deeply impact America’s role as the world leader, and damage its ability to sanction…

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Central Bank Digital Currencies a Foundational Threat to America’s Economic Systems: Analysis

April 5, 2023
Business & MarketsCentral Bankdigital currencyeconomic policieseconomyPolicies & ImpactsTechTech NewsUS
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Central bank digital currencies (CBDCs) pose a foundational threat to America’s economic systems with absolutely no upsides, according to a recent analysis from the Cato Institute, which stressed that a U.S. CBDC will threaten citizens’ “core freedoms” from financial privacy to personal liberty. Even though there are no valid reasons for the U.S. government to…

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