Chain CEO Urges Central Bankers To “Run” Towards Blockchain
Adam Ludwin, chief executive officer at Chain, a San Francisco, Calif.-based startup that partners with businesses like Visa and Nasdaq to provide blockchain networks, explained how blockchains work and urged bankers to embrace the technology during a keynote address at the International Conference on Policy Challenges for the Financial Sector, held at the Federal Reserve in Washington, D.C., according to Bloomberg. The event was attended by central bankers from 90 countries, including officials from the World Bank, the Bank for International Settlements, the International Monetary Fund,....
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Cryptocurrencies are very unstable for them to become a widely used method of payment, the Nigerian and Kenyan central bankers have reportedly said. In addition, the bankers claim that cryptocurrencies also pose a risk to financial stability. Narrowing the Financial Exclusion Gap The Nigerian and Kenyan central bankers have said cryptocurrencies are too volatile to become an acceptable payment method. The bankers also insisted that cryptocurrencies pose a risk to financial stability, a Reuters report has said. As per the report, the bankers namely, Kingsley Obiora, the deputy governor of....
In the end, this is still positive news coming out of Russia. An official acknowledgment of discussions taking place is better than nothing. A few days ago, news broke of Russia slowly taking a more positive stance toward bitcoin. It even seems bitcoin may gain legal status in the country. However, one of Russia’s central bankers is not convinced the outcome will be so positive. Legal recognition of cryptocurrency is not guaranteed, nor should anyone think otherwise. Cryptocurrency enthusiasts are well aware Russia will not embrace bitcoin all of a sudden. It is good to see the central....
A UBS survey finds that central bankers see benefits in investing in cryptocurrencies like bitcoin. 28% see benefits from cryptocurrency being an uncorrelated asset and “11% would consider it as an alternative to gold.” Central Bankers See Benefits in Investing in Cryptocurrencies Like Bitcoin The 27th Annual Reserve Management Seminar Survey by UBS explores the prospects of cryptocurrencies as investments for central banks. This survey, conducted between April and June, questioned central bankers from close to 30 central banks in all regions globally, UBS explained. According....
Writing about the recent Inside Bitcoins conference in Tel Aviv, Coinapult Director Gabriel Sukenik reports that the Israeli tech community has very clearly identified blockchain technology as a crucial tool for future development. Bitcoin was seen as a clear and obvious inevitability, by all parties including politicians and central bankers. "There were speakers from Israeli Parliament as well as the Central Bank of Israel. I remember my jaw hitting the floor when I heard a Central Banker make reference to when Bitcoin becomes systematically valuable, just like the dollar or euro. Not if,....
On day three of El Salvador’s financial inclusion and funding for SMEs conference, Bitcoin has stolen the show. The orange pilling adventure in El Salvador continues. In a video that beggars belief, 44 central bankers and financial delegates from emerging markets around the world shout “Bitcoin!” while posing for a photo in El Zonte, El Salvador:And all the Central Bankers screamed…. pic.twitter.com/MxdOrYD3lc— Bitcoin Beach (@Bitcoinbeach) May 20, 2022 It seems that by day three of El Salvador’s financial inclusion conference, the central bankers are warming to Satoshi Nakamoto’s....