Wednesday, December 18, 2024
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BIS Report Questions Whether Stablecoins, CBDCs Can Create Risks in Developing Countries

The report’s authors question whether stablecoins could “offer lasting competitive advantages over rapidly developing, evolving digital payment services,” including digital ID, e-money and mobile banking. They add that stablecoins could generate new risks related to such issues as governance, efficiency in payment processes, consumer protection and data privacy. Source

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Blockchain Entrepreneur Mykola Udianskyi Sold the LocalTrade Exchange and Focused on Developing Two Regulated Exchanges in England and Austria

In 2021, Forbes magazine published a ranking of the 100 richest people in Ukraine and the 59th place was taken by the crypto entrepreneur from Kharkov, Mykola Udianskyi. His fortune according to the magazine is estimated at $ 180 million. He was one of the first crypto investors in the

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Crypto Is the Revolution Leading Developing Countries to Financial Inclusion

Back when digitized banking service evolutions such as debit cards, online banking and check imaging were sweeping the financial sector, one could have never imagined what was coming next. I certainly did not, having spent more than 10 years during this time advising executives of major global banks on the

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Ripple Seems to Be Developing a Blockchain-Based Working Capital Loans Product

The blockchain-based payment network Ripple recently added a job opening on its official website for a “Director of Product Management, Loans.”The description indicates that Ripple is working on a new loan product to help its customers with working capital loans.Working capital loans are loans companies take to financially support their

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