The European Central Bank is embarking on a major technological shift. The Governing Council has just approved two major projects aimed at integrating blockchain technology into the euro transaction settlement system. This is a strategic advancement that marks a turning point in the modernization of the financial infrastructures of the European Union.
The governor of the Bank of France lifted the anathema on Bitcoin during an interview on France Inter. A day to be marked in white stone.
The international monetary system is in turmoil. The BRICS are exploring various avenues with varying degrees of success.
Central bank digital currencies, or CBDCs, are often seen as the inevitable future of finance. However, despite their promise of modernization and increased efficiency, these currencies raise deep concerns about their true usefulness and their impact on individual freedom.
During his campaign for the presidential election in Argentina, Xavier Milei promised that he would work, once elected, to eliminate the country's central bank. Now that it's done, a rumor is emerging about this financial project. Some claim that it was just a campaign promise that the new tenant of Casa Rosada does not intend to fulfill. Javier Milei has formally denied these allegations.
Everyone is eagerly waiting for the FED to start lowering its rates (pivot). That's what traders are betting on.
The European Central Bank is working on the upcoming launch of new banknotes. The financial institution considers the project important enough to involve Europe's citizens.
Despite the ongoing global economic crisis, the cryptocurrency space continues to grow. Evidence of this can be seen in the number of countries that have already adopted cryptocurrency. However, there are still others who remain skeptical about promoting investment in Bitcoin. Such as Ireland. According to the governor of the Central Bank of Ireland, Bitcoin is a Ponzi scheme.
In October 2021, the ECB and central banks in the Eurozone began investigating the digital euro. The ECB has released a new report detailing the progress made so far and revealing the design and distribution options approved by the ECB's Governing Council.