The Sand Dollar, a central bank digital currency (CBDC) developed by the Bahamas, has the potential to “foster financial inclusion and payment system resilience” in the Caribbean nation, a new report from the International Monetary Fund (IMF) has said…. Read More: Sand Dollar CBDC Could ‘Foster Financial Inclusion’ in the Bahamas – IMF Read…
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A rising number of central banks globally have the legal authority to issue central bank digital currencies (CBDCs), and, compared with a year earlier, the share of central banks which are currently developing a CBDC or running a pilot nearly doubled from 14% to 26%, according to a new report by the Bank for…
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Nissan and Toyota, two of the biggest Japanese automakers, are among the latest major brands and companies to reveal their respective metaverse plans. Nissan has created a digital version of its brand experience gallery, dubbed Nissan Crossing, where visitors can gain an understanding of the company’s suite of advanced driving technologies, according to a…
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The crypto market initially traded lower on Monday, before trimming its losses later in the trading day as sentiment improved. The market action came after heavy selling before the weekend on comments from US Federal Reserve (Fed) Chairman Jerome Powell last week, hinting that a 50-basis point rate hike could come next…. Read More:…
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Tobias Adrian is the Financial Counsellor and Director of the International Monetary Fund (IMF)’s Monetary and Capital Markets Department. __________ While no systemic event has materialized, the balance of risks has tilted more firmly to the downside…. Read More: Financial Stability Risks Grow as War in Europe Complicates Push to Contain Inflation Read more…
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The predictive power of tokenized stocks that are traded 24/7 is finally receiving the attention of Wall Street and the financial media, after Tesla’s stock tokens signalled bullishness among traders despite a difficult weekend for the electric car maker…. Read More: Weekend Crypto Trading Offers Clues to Stock Investors as Tesla Faces Shanghai Lockdown…
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Tesla and SpaceX founder Elon Musk has reiterated his commitment to holding his stack of bitcoin (BTC), ethereum (ETH), and dogecoin (DOGE) when preaching to his more than 77m Twitter followers about ways to hedge against inflation…. Read More: Elon Musk Won’t Sell Bitcoin, Ethereum, Dogecoins as Inflation Soars and Recession Risk Grows Read…
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US Federal Reserve chairman Jerome Powell is scheduled to testify before Congress on Wednesday and Thursday this week, with market participants in both crypto and traditional markets now eagerly awaiting his first comments on the economy after the war in Ukraine broke out…. Read More: All Eyes on US Congress as Fed Chair Powell…
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Kristalina Georgieva is Managing Director of the International Monetary Fund (IMF), Oya Celasun is Assistant Director in the European Department and leads the surveillance of the German economy, and Alfred Kammer is the Director of the European Department at the IMF. __________ With supply constraints likely to persist, the challenge for policymakers is to…
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While the Canadian government and Prime Minister Justin Trudeau try to quell the demonstrations in Ottawa by sending police to the encampment on Friday, a United States version of the Canadian trucker’s Freedom Convoy called the “People’s Convoy” is underway. According to the American Foundation for Civil Liberties & Freedom, the U.S. convoy has raised…
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