In a surprise move, global rating agency Fitch downgraded the US government’s credit rating from AAA to AA+ on Tuesday. In a report released on its website, the ratings agency cited expected fiscal deterioration over the coming three years, a high and growing government debt burden and “erosion of governance… that has manifested in repeated…
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Dilip Rao, a former Ripple executive who’s now leading Australia’s CBDC pilot, has been examining 14 possible use cases of central bank digital currencies. Central bank digital currencies (CBDCs) may not solve any problems faced today, but could be the answer to ones not even fathomed yet, says the executive spearheading Australia’s CBDC pilot. Dilip…
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Australian government report on the future of fintech and regtech suggests blockchain technology is critical to Australia’s future The Australian government’s Senate Select Committee on Financial Technology and Regulatory Technology has released a draft report citing blockchain technology more than 50 times. The report is in response to Australia’s first recession in 30 years as…
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