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Davos 2023: CBDCs Are the Future of Central Bank Money but They Are Still Not Ready

Davos 2023: CBDCs Are the Future of Central Bank Money but They Are Still Not ReadyA World Economic Forum (WEF) panel comprised of central bankers and global tech providers has profiled central bank digital currencies (CBDCs) as the future of central bank money, presenting them as one of the solutions for limitations in the payments sector today. However, they have also stated these present several limitations still to be addressed. […]

13 Regions Face Crypto Mining Ban Under Russia’s New Energy Policies

President of Central Bank of Peru Criticizes Crypto, Citing Lack of Intrinsic Value and Climate Change

President of Central Bank of Peru Criticizes Crypto, Citing Lack of Intrinsic Value and Climate ChangeJulio Velarde, the president of the Central Bank of Peru, attacked the value of cryptocurrencies and referred to negative effects they are said to have on the environment. In a recent interview with local media, Velarde said the Bank did not consider bitcoin a payment method. Instead, Velarde referred to it as a “highly volatile […]

13 Regions Face Crypto Mining Ban Under Russia’s New Energy Policies

Central Bank of Peru Will Develop a Digital Currency

Central Bank of Peru Will Develop a Digital CurrencyThe Central Reserve Bank of Peru, the Peruvian central bank, is planning to develop a central bank digital currency (CBDC) like other economies of the world. The announcement was made by its president, Julio Velarde, who stated that the currency would be designed for use primarily in payments. However, Velarde also acknowledged this was not […]

13 Regions Face Crypto Mining Ban Under Russia’s New Energy Policies