CBDCs

Asset Strategies International President: CBDCs Were ‘Concocted in Hell by Satan Himself’

Rich Checkan, the President of Asset Strategies International (ASI) is apparently not a fan of central bank digital currencies (CBDCs). In a recent interview with Michelle Makori, editor-in-chief of Kitco News, Checkan railed against the development and adoption of CBDCs. He said the digital form of money was a threat to individual privacy and opened […]

It’s a Bad Idea To Give Legal Tender Status to Cryptoassets Such As Bitcoin, Says IMF

On Monday (July 26), the International Monetary Fund (IMF) explained in a blog post why it is a bad idea for countries to pass laws to make cryptoassets (such as Bitcoin) national currencies instead of creating their own central bank digital currencies (CBDCs). The IMF, which was established on 27 December 1945, is “an organization of 189 […]

CEO of Russia’s Second-Largest Bank: “We Don’t Like Bitcoin. We Think It’s Like Making Fake Money. “

Earlier this week, the CEOs of two of Russia’s largest banks shared their thoughts on Bitcoin. According to a report by Cointelegraph, during a recent interview with local TV channel NTV, Sberbank CEO Herman Gref called Bitcoin “probably the riskiest type of investment alongside the equity market”. Gref said that although putting money in a […]

What Does The Digital Pound Mean For Britain?

Written by: Konstantin Anissimov, executive director of the international cryptocurrency exchange CEX.IO. Graduated the Executive MBA program at the University of Cambridge. His area of responsibility at CEX.IO includes customer relationships with institutional and VIP-clients, overseeing the creation of the company’s development strategy, new products, markets and partnerships. As a member of the board of directors, Konstantin is […]

Bitcoin Cannot Replace Fiat Currency, Says Central Bank of World’s Most Cashless Country

Oystein Olsen, the governor of Norges Bank in Oslo, the central bank of Norway, recently explained why he does not believe that Bitcoin could one day replace money issued by central banks. According to a report published by Bloomberg, he said during a phone interview that Bitcoin is “far too resource-intensive, far too costly and […]

CPA Australia Report: Ripple and XRP ‘Enjoy the Trust of Many Banks as a Model for CBDCs’

A recent 47-page report—titled “Central Bank Digital Currencies (CBDCs): A Comparative Review”—prepared for professional accounting body CPA Australia by RMIT University “provides a review of the three most-transacted digital currencies – Bitcoin, Ether and XRP.” The report looks at several definitions of CBDCs. Here is one of them: “… possibly issued on a blockchain platform, […]

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