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IMF Weighs the Pros and Cons of a Central Bank Digital Currency

International Monetary Fund leader, Tao Zhang, discussed the positives and negatives of a central bank digital currency. In a recent keynote speech to the London School of Economics, International Monetary Fund (IMF) Deputy Managing Director, Tao Zhang, briefed the positives and negatives of a central bank digital currency (CBDC).Zhang pointed toward greater efficiency and lower […]

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Changing the Universal Gravitation in the Financial Industry

To stimulate economic activity, we need to change gravity in the finance industry by implementing new solutions such as blockchain and other fintech. Acquiring financial knowledge is priceless nowadays and, to tell the truth, has always been. We live in times when the usage of fiat is steadily decreasing in the world’s top-GDP countries, and […]

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Central Bank Officials: DLT Can Improve the Global Financial System

At MIT Bitcoin Expo 2020, monetary experts debate what form a central bank digital currency may take. On March 7, three monetary and cryptocurrency experts discussed the challenges and prospects of central bank-issued digital currencies at the Massachusetts Institute of Technology (MIT) Bitcoin Expo 2020.The panelists acknowledged that distributed ledger technologies (DLT) could improve the […]