Search Results for: Federal Reserve CBDC

Harvard Professor Rogoff: Central Banks, Governments Are ‘Way Behind the Curve’ in Regulating Cryptocurrencies

por

Harvard Professor of Economics and former chief economist at the International Monetary Fund (FMI) Kenneth Rogoff says central banks and governments are “way behind the curve” in regulating cryptocurrencies. He added that officials throw out the idea of having central bank…

Ser realistas, Lagarde: el activo subyacente que 'garantiza' que su moneda de estafa en euros es un arma

por

With the approaching tsunami of central bank digital currencies (CBDC) looming ever closer, it shouldn’t come as a surprise when central banks shill their coins at the expense of sounder assets. Recientemente, European Central Bank president Christine Lagarde went so far…

India explora usos comerciales para la moneda digital del banco central, dice el ministro de Hacienda

por

The Indian government is exploring “several commercial use purposes and not just financial inclusion” for its central bank digital currency. India’s finance minister clarified that the aim is for the digital rupee, which will be backed by the Reserve Bank of…

Digital Ruble ‘Much Needed,’ Russia’s Central Bank Says, Won’t Delay Testing

por

The Central Bank of Russia has emphasized the importance of moving forward with its digital ruble project. According to a statement by a top representative, the monetary authority has no intention to delay the trials despite not all invited banks being…

Mexico’s Third Richest Billionaire Warns of Severe Dollar Inflation — Says Buy Bitcoin to ‘Save Your Skin’

por

The third-richest billionaire in Mexico, Ricardo Salinas Pliego, has shared his experience of living through hyperinflation. He warned that the U.S. and several other civilized countries are “going exactly the same route” his country went through in the 1980s. Mexican Billionaire…

El banco más grande de Suiza, UBS, espera que la criptolegislación estadounidense tome tiempo

por

Switzerland’s largest bank, USB, expects the United States Congress to take a long time to pass cryptocurrency legislation despite mounting interest in crypto investments and regulators calling for Congress to weigh in on crypto legislation. Congress Could Take a Long Time…

India’s Prime Minister Modi: Digital Rupee Will Strengthen Digital Economy, Revolutionize Fintech

por

India’s prime minister, Narendra Modi, says an Indian central bank digital currency will strengthen the digital economy. The digital rupee will also revolutionize the fintech sector by creating new opportunities and lessening the burden of handling, printing, and the logistics of…

US Treasury Secretary Yellen Says She’s Undecided Whether the Fed Should Issue Digital Currency

por

Los Estados Unidos. Treasury Secretary Janet Yellen says that she has not made up her mind about whether the Fed should issue a central bank digital currency (CBDC). “There are some benefits” to a digital dollar, Yellen said, but noted that “allá…

Bank of America Executive Sees Crypto as Asset Class: ‘I Don’t View It as Competition at All’

por

Banco de America’s chief operating officer does not see cryptocurrency as competition. En cambio, he views it as an asset class, noting that “people like it for all sorts of different reasons.” Banco de America’s COO on Crypto: ‘I Don’t View It…

US Lawmakers Urge Fed Chair Jerome Powell to Support Crypto Innovation

por

Several U.S. lawmakers have called on Federal Reserve Chairman Jerome Powell to support cryptocurrency innovation. “The Federal Reserve must work to support domestic innovation … Our government should never be in the business of thwarting innovation.” Members of Congress Urge Fed…