Central Banks Around the world has different opinions about digital currencies ranging from outright dismissal of the notion to admitting that there is some value in the emerging asset class.
No matter how they look at it now the International Monetary Fund (IMF) believes that central banks may issue digital currencies in the future, well at least on a report they have recently released.
The paper reveals that several banks in different countries are considering implementing some form of Central Bank Digital Currency (CBDC) with Bahamas, China, Eastern Caribbean Currency Union, Sweden and Ukraine in the verge of testing their systems.
In fact the country of Uruguay has reportedly launched a CBDC pilot program already according to the report of IMF.
Countries from emerging and developed countries seem to be interested with CBDC, the former wants to reduce banking costs and making banking services more available, the latter on the other hand seeking to provide an alternative to cash as the frequency of use dwindles.
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Headlines for the world of Cryptocurrencies - June 25, 2019
- 48 Approved Crypto Exchanges In The Philippines
- Rent Contract To Be Recorded On Blockchain In Malta
- Credit Rating Agency Fitch Approves of Facebook’s Fiat –Backed Libra
- New Auditing Standards For Blockchain-Based Audit Data Proposed
- Ugandan President To Attend And Lead Blockchain Conference
Headlines for the world of Cryptocurrencies - June 24, 2019
- Bitcoin Searches In Google Increase As BTC Price Soars
- TRON (TRX) In Top 10 Rankings Again As 1 Year Anniversary Nears
- Upcoming Legislations To Allow Russian Crypto Trading
- Blockchain Platforms Can Now Interact With Swift
- Facebook Looking To Fill Senior Job Vacancy For Calibra Wallet
Headlines for the world of Cryptocurrencies - June 23, 2019
- Paying Bitcoin In Taxes Now Even More Attractive
- Microsoft And Ethereum Foundation Joins Hyperledger Consortium
- Move To Ban Crypto In India Increases Local Interest On The New Asset Class
- Alyx To Use IOTA For Supply Chain Transparency
- Binance DEX Now Has A Stablecoin
