-
CBDCs Without Laws Equal Disaster, Economist Warns: 'Money's A Social Construct'
Wednesday, September 27, 2023 - 10:11am | 658Agustin Carstens, the general manager of the Bank for International Settlements (BIS), has emphasized the importance of establishing legal frameworks to support the implementation and growth of Central Bank Digital Currencies (CBDCs). This topic is expected to be a focal point at Benzinga's...
-
Crypto Is Not A Viable Alternative To Fiat Currency, Economist Agustín Carstens Says
Wednesday, February 22, 2023 - 11:51am | 399The argument that cryptocurrencies are a viable alternative to fiat currency has been settled in the wake of the digital-asset sector's recent turmoil, with technology not being an alternative for "trusted" money, according to the Bank for International Settlements' Agustín...
-
Following Jackson Hole Summit, Fed Appears To Stand By Rate Hike Plans
Monday, August 31, 2015 - 9:21am | 420Last week, central bankers from around the world gathered in Jackson Hole, Wyoming to discuss the state of the global economy. While the conference was set to cover a wide range of topics, policymakers were largely focused on the most recent market turmoil stemming from growth worries in China...