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Currently, the central bank of Russia has not made it possible to get a loan in digital rubles, but Askakov believes this will change "because it will be faster and, perhaps, more efficient." If that happens, banks will not be needed at all, Askakov added. Source
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Central bank digital currencies (CBDCs) and blockchain technology are likely to displace traditional banks, according to a Russian lawmaker.Anatoly Aksakov, head of Russia’s parliamentary financial committee and a major skeptic of Bitcoin (BTC), has predicted that the traditional banking system will “fade away” with the adoption of the digital ruble,
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied With the presale underway and Tradecurve launch imminent, investors could buy the token at a discount. Once launched, Tradecurve could revolutionize the trading industry, possibly displacing established altcoins such as apecoin (APE) and avalanche (AVAX). This article
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Digitalization is shaping the future of money, but traditional central bank money housed in commercial banks will remain dominant, Moody’s predicted in a new report. Essentially, trust trumps efficiency, it said after surveying a wide range of emerging or potential forms of money.The monetary landscape is becoming fragmented, Moody’s said, but
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Filecoin fundamentals may make it plausible for the digital currency to sustain the 9th largest crypto ranking as the project seeks to offer a highly sustainable and secure decentralized storage system.Decentralized storage system Filecoin (FIL) is seeing the best of its days as its continuous growth has earned it a
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