Malaysia is the latest country to explore the opportunity to launch a central bank digital currency.
, Malaysia is the newest state dipping its toes. Despite not making any final decisions, the Asian country has started researching how a central bank digital currency could affect its monetary network and whether it will be beneficial for its economy:
The mutual effort, dubbed Project Dunbar, vowed to develop prototype shared platforms to enable direct CBDC transactions without the need for intermediaries.Central bank digital currencies are digital tokens issued and fully controlled by superior institutions such as governments and central banks. As such, their use-cases caused many debates, and numerous individuals claimed they could harm the monetary system and reduce people’s freedom.
To prove his statement, Snowden pointed out China. According to him, the total ban on everything crypto there, alongside the release of the digital-yuan, is intended to “increase the ability of the State to impose itself in the middle of every last transaction.”
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
70% of Jamaica population to adopt CBDC in 5 years, prime minister saysThe Prime Minister of Jamaica is optimistic about the country's CBDC rollout. Andrew Holness has predicted that 70% of Jamaica's population will use digital JMD in the next five years
Lire la suite »
Woods Hole report identifies concerns, possible solutions for harmful algae bloomsThe summers in Massachusetts have picked up an unsettling routine. Patches of blue-green algae show up in some rivers and ponds, then state and local officials put out a warning: toxic, don't touch.
Lire la suite »
Law Decoded: First-mover advantage in a CBDC conversation, Jan. 10–17Strong framing move by U.S. Representative Tom Emmer and a looming threat of another crypto ban in Asia: a digest of last week's top crypto policy stories is here.
Lire la suite »
Unilever to weigh raising offer for GSK's consumer assets - BloombergUnilever Plc has held talks with banks about additional financing for a potential sweetened offer for GlaxoSmithKline Plc's consumer products division, Bloomberg reported on Sunday, citing people familiar with the matter.
Lire la suite »
Take an online journey through the history of math“History of Mathematics” is a fascinating starting point for learning about the origins of the mathematical concepts that so many of us use every day but often take for granted.
Lire la suite »
Microsoft consolidating the video game industry is bad for everyone | EngadgetLet's explore that icky feeling you had when you read about the Activision acquisition..
Lire la suite »