IMF MD asks for global preparation for central bank digital currencies (CBDCs)
IMF’s Georgieva urges global readiness for CBDCs at Singapore FinTech Festival. CBDCs are a potential cash replacement, enhancing resilience, and promoting financial inclusion. IMF introduces CBDC handbook and acknowledges BIS’s…
Bitget P2P expands fiat options for Middle East with seven new currencies
Victoria, Seychelles, November 7th, 2023, Chainwire Bitget, the leading cryptocurrency derivatives and copy trading platform, has expanded its support for fiat gateways in the Middle East region. Users can now…
Deutsche Bank and Standard Chartered pilot SWIFT alternative for digital currencies
Deutsche Bank and Standard Chartered test Universal Digital Payments Network (UDPN) for digital currency transactions. UDPN connects blockchain networks, facilitating seamless transactions between stablecoins and CBDCs. UDPN, with 25 participating…
Should you own Bitcoin, given the growing adoption of digital currencies?
Cryptocurrencies keep growing in popularity Bitcoin’s price dynamics changed with institutional investors’ adoption Bitcoin is now correlated with assets in the traditional financial market Since digital currencies exist, the industry…
BlackRock CEO says crypto will transcend international currencies
BlackRock CEO Larry Fink believes crypto is an international asset that can transcend any global currency. Fink did not talk about Bitcoin specifically, noting he’s prohibited by virtue of BlackRock’s…