Wednesday, December 18, 2024
Home > Governments (Page 6)

Citigroup Helping World Governments Build Digital Currencies, CEO Says

Citigroup Chief Executive Michael Corbat said his bank is helping governments “around the world” in creating sovereign digital currencies, otherwise known as central bank digital currencies, or CBDC.Speaking to David Rubenstein at a Friday Bloomberg event, Corbat made clear CBDCs are an “inevitable” development in the future of money. Citigroup,

Read More

Exchanges outdo auctions for governments cashing in criminal crypto, says exec

Earlier this week, Lithuania's tax service, the Lithuanian State Tax Inspectorate, added $7.6 million dollars to the state budget through the sale of cryptocurrencies seized in criminal investigations. The occasion marked the first time that the Lithuanian government liquidated confiscated cryptocurrencies. In doing so, the country joined the growing number of

Read More

Bridgewater’s Dalio Sees Governments Banning Bitcoin Should It Become ‘Material’

Ray Dalio, the founder and co-chairman of Bridgewater Associates, the world’s largest hedge fund, said he sees three main problems with bitcoin and other cryptocurrencies that will limit their future, including that governments will “outlaw” them should they start to become “material.”In an interview with Yahoo Finance, Dalio said he

Read More

Governments vs. Networks: The Battle for the Soul of Finance

Governments have significant discretion over economics and finance today, but decentralized network-driven alternatives threaten that control. Our main discussion: The battle for the soul of finance.In this episode, NLW looks at the power competition between governments on the one hand and the decentralized network-driven finance alternatives that would reshape that power.

Read More