Bitcoin, the topmost cryptocurrency asset by market capitalization had continued to gain attention way before it smashed its all-time high and after. The asset has stirred the emotions of individuals, institutions, and even financial regulators. While institutional traders and whales commit millions and billions into securing BTC, regulators are ‘posing’ to have the people’s interest […]
The IMF warns that central banks may have to rethink what constitutes their reserve currency holdings. In a recent study, the global lender points to the changing geopolitical landscape, technological advances and the impact of the Covid-19 pandemic as events likely to influence the composition of reserves. Advances in Financial Technologies In addition to the […]
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As the European Central Bank prepares plans for a digital Euro, they have also issued a warning about the nature of so-called stablecoins. The ECB released a report that laid out the possibilities of a digital Euro and what it could mean for the European economy. While the report describes positive impacts from digitization, the […]