Russian President Vladimir Putin recently in an interview cleared that as per the definition of cryptocurrencies no country can have their own cryptocurrency as they are ought to operate without national borders. Central Bank Digital Currency [CBDC] or state owned cryptocurrencies have been a subject of debate because of the decentralization vs centralization narrative behind them.
In a short thread of tweets, Ethereum founder, Vitalik Buterin, proposed a possibility of the widely spoken about central bank digital coins. In the past year, a number of governments have announced plans to launch a digital currency to supplement their respective fiat currencies including the People’s Bank of China (PBoC), European Union (EU) and
According to an article published by Think, the Chief economist of popular Dutch bank ING, Mark Cliffe, as well as the lead economist for digital finance Teunis Brosens, has said that central bank’s digital currencies are inevitable and may become a reality within the next 5 years. A Full-Fledged Central Bank Digital Currency In View According
Turkey has been facing economic challenges with the sovereign currency declining rapidly in 2019. During these tumultuous times, cryptocurrency remains the only viable way to move money out from the effect of inflation. The Eleventh Development Plan 2019-2023 in Turkey has proposed the formation of Blockchain-based central bank money. Reportedly, the Commission also planned to encourage
Bitcoin’s price rose bullish again late on 8th July 2019 as it broke above $12,000 psychological level. The price gained 7.2% in less than 12 hours; it rose from $11890 to record a monthly high of $12750. While technical analysis of Bitcoin has a strong bullish penchant, Monday’s move can be attributed to regulatory progress