Jamaica, Bahamas And The Caribbean Launch Central Bank Digital Currency
Jamaica, Bahamas and the Caribbean have all sunk their toes into the virtual currency market by launching the Central Bank Digital Currency. The country’s CBDC is called the Jam-Dex and it carries with it a tagline as relaxed as the nation’s reputation: “No cash, no problem”.
The Future of Cryptocurrency in the American Gaming Market
Despite heavy regulations and restrictions surrounding online gambling in the United States, it’s indisputable that this industry has showcased substantial growth over the past decade. This phenomenon, inextricably linked with the ongoing digital revolution and a growing interest in blockchain technology, warrants an in-depth exploration. Growing Acceptance of Cryptocurrencies in the US The use of […]
BRICS Nations Say New Currency May Offer Shield From Sanctions
Naledi Pandor, South Africa’s Minister of International Relations, told reporters that the new currency created by BRICS nations may offer a shield from sanctions. BRICS nations asked the bloc’s specially created bank to provide guidance on a how a potential new shared currency might work, including how it could shield other member countries from the […]
Europe Approves World’s First Cryptocurrency Regulations
On May 16, EU ministers approved the Markets in Crypto-Assets (MiCA) legislation, making it the world’s first cryptocurrency regulations. The European Union has approved a set of rules—the first such regulation in the world—to regulate crypto assets like cryptocurrencies and tokens in a bid to curb money laundering activities and protect investors. The markets in […]
If BRICS Uses Own Currency For Trade, It Will End Dollar’s Hegemony – Warns Ex-White House Economist
In an opinion piece published by Foreign Policy, former White House economist Joseph Sullivan said, “If BRICS uses its own currency for trade, it will end the dollar’s hegemony.”
Yuan Overtakes Dollar To Become Most-Used Currency In China’s Cross-Border Transactions
According to official reports, the yuan has overtaken the dollar to become the most-used currency in China’s cross-border transactions, with it being used in 48.4% of all such transactions.
China’s Changshu City Employees To Receive Salaries In Digital Yuan
According to an official report, employees in Changshu, China, will receive their salaries in digital Yuan from May 2023.
Central Bank Digital Currencies A Foundational Threat To America’s Economic Systems: Think Tank
According to a recent analysis from the Cato Institute assessment report published on Tuesday, Central Bank Digital Currencies are a foundational threat to America’s economic systems.
CBDC Working Group Discussing Potential Routes For Digital Dollar
The original Treasury report released in September 2022 described the formation of a CBDC working group, and now they are discussing potential routes for the digital dollar.
FTX Collapse And Digital Dollar
The economic effects of the billions of dollars lost due to FTX’s collapse are starting to be felt, and the digital dollar is one of them.