Central Bank of Indonesia: Cryptocurrencies Have Great Potential
The head of the Bank of Indonesia has acknowledged digital currencies create conditions for the modernization of financial infrastructure.
The head of the Bank of Indonesia has acknowledged digital currencies create conditions for the modernization of financial infrastructure.
Bank of England Deputy Governor John Cunliffe has said the digital pound is likely to operate as a “merchant-grade” instrument based on a bank account.
The bank has said that cryptocurrencies pose threats to the stability of global and local financial systems.
The authorities of Belgium plan to regulate digital currency transactions in line with securities law.
According to the IMF, some cryptocurrencies and central bank digital currencies may be a more effective payment solution than credit and debit cards.
VISA has just launched an exclusive VIP credit card called “bitcoinblack” compatible with cryptocurrencies in the United Arab Emirates (UAE).
The International Monetary Fund has said that digital assets can become a more effective alternative to traditional financial products.
"A purely peer-to-peer version of electronic cash would allow online
payments to be sent directly from one party to another without going through a
financial institution." - Satoshi Nakamoto (Bitcoin White Paper)
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