COVID-19 Exemplifies the Need for Central Banks to Accelerate CBDCs Development, Says BIS

https://tokenhell.com/covid-19-exemplifies-the-need-for-central-banks-to-accelerate-cbdcs-development-says-bis/

The Bank of International Settlements (BIS) has illustrated its narrative on CBDCs and says in its latest report that the COVID-19 pandemic has highlighted the severe need for the creation and development of Central Bank Digital Currency. The bank stated that central banks need to accelerate CBDCs’ development now. In the current ongoing Coronavirus pandemic …

Brazil, China Deny Crypto Siege as South Korea Set to Launch CBDC

https://tokenhell.com/brazil-china-deny-crypto-siege-as-south-korea-set-to-launch-cbdc/

An impending digital asset siege is set to happen in both China and Brazil. This development is coming on the back of Brazil’s big banks’ decision to freeze accounts belonging to crypto firms and other digital assets related trading accounts. Caixa Economica, which is owned by the government of the South American country, froze accounts …