CBDCs

Jerome Powell's recent comments on cryptocurrency have caused a stir, with the Federal Reserve Chair suggesting they could become worthless if the U.S. introduces its own central bank digital currency. How true is this? Let’s break it down. The main thesis in favor of this...

Bitcoin (CRYPTO: BTC) demand in Nigeria keeps rising due to its great economic instability, as well as the implications of government monetary policies and the introduction of a central bank digital currency. The Central Bank of Nigeria has been promoting a digital, cashless economy and introduced...

In a recent House Committee on Monetary Policy hearing, Federal Reserve Chair Jerome Powell proposed that the implementation of wholesale central bank digital currencies (CBDCs) could potentially bypass the need for congressional approval. While Powell has previously stated that the issuance of...

Benzinga is cordially inviting new British Prime Minister Rishi Sunak to its Future of Crypto event on Dec. 7 in New York City. Founded in 2009 by CEO Jason Raznick, Detroit-based Benzinga is one of the largest content providers to global brokerages and media houses. A leader in the cannabis...

The U.K. named a new prime minister on Monday. The new leader has been known for a vocal supportive position of cryptocurrency, which was already seen in comments made Monday. What Happened: Rishi Sunak was named the new Prime Minister of the U.K., the third person to have the position in the past...

Australia's central bank has launched a one-year research program for a central bank digital currency (CBDC) to find out the potential economic benefits it might bring. What Happened: The Reserve Bank of Australia (RBA) said it has partnered with a government-backed industry group, the...

Cryptocurrencies found a key mention in the Union Budget of India for 2022-23 — a highly-followed event where the country’s central government lays out its financial plan for the next fiscal year. India’s Minister of Finance and Corporate Affairs Nirmala Sitharaman announced...