Big tech, not cryptocurrency, is the real threat to central banks’ autonomy, ...
Though Danmarks Nationalbank's governor seems tempted to ignore cryptocurrencies, other banks in the country continue to launch new services based on crypto. Crypto trading volumes continue to increase, but several countries’ central banks are keen to ignore it, with Denmark being the latest to join the “crypto is negligible” narrative. Lars Rohde, governor of the country’s central bank doesn’t see the rise of crypto trading as a serious economic threat. “I could be tempted to ignore it,” he told Bloomberg. “I think the term currency is badly used here. Most currencies store value or are....
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Denmark’s central bank governor Lars Rohde says that he can be tempted to ignore cryptocurrency, stating that it is not a threat to the central bank at present. However, he pointed out that the real threat could come from big technology companies “invading the currency area or the transaction means.” Denmark’s Central Bank Governor Tempted to Ignore Cryptocurrency Danish central bank governor Lars Rohde discussed cryptocurrencies on Bloomberg from Copenhagen on Wednesday. He was asked whether the central bank sees the rise in cryptocurrency trading as a serious....
The BOJ governor says Bitcoin is a speculative play, while issuing warnings over price volatility. Haruhiko Kuroda, governor of the Bank of Japan, has joined the roll call of central bankers taking aim at Bitcoin (BTC) amid the current volatility.According to a report by Bloomberg on Friday, Kuroda argued against the value proposition of the largest cryptocurrency by market capitalization, stating:“Most of the trading is speculative and volatility is extraordinarily high. It’s barely used as a means of settlement.”The BOJ governor’s criticism comes as Bitcoin experienced an over 50%....
The CEO of cryptocurrency exchange Binance does not see central bank digital currencies (CBDCs) as a threat to cryptocurrencies, like bitcoin and ether. “It will validate the blockchain concept so that anybody who still has concerns about the technology will say: ‘Ok, our government is using the technology now,'” he opined.
CZ Sees No Threat to Crypto Coming From CBDCs
Binance CEO Changpeng Zhao (CZ) said Wednesday that he believes central bank digital currencies (CBDCs) are not a threat to cryptocurrencies, like bitcoin (BTC) and ether (ETH), Reuters....
Non-fungible tokens, or NFTs, have taken the cryptocurrency industry by storm. Although the concept has much more potential, it is an excellent tool to create and sell digital art or collectibles. Autonomy is bringing NFTs to life, the autonomous NFTs (aNFTs) that can do things on behalf of their holder through automation. Autonomous NFTs? Is That Even Possible? The current generation of non-fungible tokens is static and primarily a one-trick pony. Moreover, the industry suffers from tremendous speculation rather than utility. Although that situation slowly changes, there is still little....
Paulo Guedes said that the Brazilian real will have a digital counterpart and also highlighted the autonomy of its central bank. Brazilian Economy Minister Paulo Guedes has said that Brazil will issue its own central bank digital currency, or CBDC.Guedes made the statement on Thursday during a ceremony celebrating the 100 millionth digital savings account opened at Caixa Economica Federal:"Now that the central bank is autonomous again, it’s also amazing in the digital dimension: Pix, OpenBank, fintechs and digital currency. Brazil will have its own digital currency. Brazil is ahead of many....