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Tag: central bank digital currency

IMF Releases Report on Cryptocurrencies: Highly Regards the Technology’s Benefits and Use Cases

Category: Altcoins, Bitcoin, Commentary, Ethereum, News

IMF Releases Report on Cryptocurrencies: Highly Regards the Technology’s Benefits and Use Cases

The global financial crisis, the most recent being the 2008 crisis and the humongous bailout packages for top financial institutions and even the entire economies like Greece, definitely raised some eyebrows over central banks’ monopoly on the issuance of currency. With this in mind, the June 2018 edition of International Monetary Fund’s (IMF) paper on cryptocurrencies was unsurprisingly “pro-crypto.” Bitcoin…

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Ecuador Halts Download of Cryptocurrency Wallet for State-sponsored Coin  

Category: Blockchain, Finance, News, Tech

Ecuador Halts Download of Cryptocurrency Wallet for State-sponsored Coin  

Barbados was the first country to release their own digital currency with Ecuador soon following. Ecuador’s digital currency was unique as it was released by their central bank at the beginning of February 2018. Many other countries have pondered this idea and have not taken action to pilot the implementation of a cryptocurrency. Unfortunately, it took less than two weeks…

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