The managing director of the International Monetary Fund (IMF), Christine Lagarde, has said that cryptocurrency would give fiat currency a run for its money. Now, the IMF chairwoman is urging governments around the world not to ignore the alternative currency. Lagarde calls for the exploration of Central Bank Digital Currencies (CBDCs). In fact, this call … Continue reading “Christine Lagarde: IMF Boss Calls for Digital Currency Exploration”
digital currency
e-Krona could reshape the Swedish cashless economy
In many countries around the world, cash is the predominate method of paying for goods at mom-and-pop shops. However, that is not the case in Sweden, as many merchants are gradually dumping cash payments. According to statistics, the percentage of cash circulation in the European country is just about 1%. Indeed, this percentage shows that … Continue reading “e-Krona could reshape the Swedish cashless economy “
WEF Sheila Warren: The U.S. is Quickly Falling Behind on Digital Currency
The U.S. is way behind the curve on digital currency adoption. That’s according to the World Economic Forum Head of Blockchain Policy, Sheila Warren. CNN Business Op-Ed on Digital Currency from Sheila Warren Furthermore, in an op-ed published on CNN Business, Warren argues that despite the currency revolution taking place in Japan and China, the … Continue reading “WEF Sheila Warren: The U.S. is Quickly Falling Behind on Digital Currency”
Justin Sun: Tron (TRX) Will Explode in the Next Six Months
There’s plenty to get excited about when it comes to Tron (TRX). In fact, Justin Sun believes it’ll be in the Top 10 of cryptocurrencies by April 2018. All as TRX moves to complete its key milestones in the fourth quarter of 2018. One of those includes creating more awareness of the TRON protocol. Then, they … Continue reading “Justin Sun: Tron (TRX) Will Explode in the Next Six Months”
New Legislation to Support Blockchain and Cryptocurrencies
Congressman Tom Emmer will introduce three groundbreaking bills to support blockchain technology and digital currency legislation. The U.S. Should Prioritize Legislation In fact, “The United States should prioritize accelerating the development of blockchain technology and create an environment that enables the American private sector to lead on innovation and further growth, which is why I am … Continue reading “New Legislation to Support Blockchain and Cryptocurrencies”
No Plans to Issue Digital Currency: European Central Bank
The European Central Bank (ECB) has revealed that it does not have any plans to issue its own digital currency. This was clarified by President Mario Draghi to the European Parliament on September 12. Draghi addressed a query by MEP Jonás Fernández and said that there was a need of “substantial development” in the technology … Continue reading “No Plans to Issue Digital Currency: European Central Bank”
India Sends Officials to Different Countries to Study Crypto and ICOs
India is making efforts to understand the crypto and ICO market. The Securities and Exchange Board of India has made to countries like the United States, Switzerland, and Japan for its officials to study digital currencies and Initial Coin Offerings. SEBI which is the Indian financial regulator has stated that it has already undertaken many … Continue reading “India Sends Officials to Different Countries to Study Crypto and ICOs”