Cryptocurrencies updates Sign up to myFT Daily Digest to be the first to know about Cryptocurrencies news. The writer is a senior fellow at Harvard Kennedy School The emergence of central bank digital currencies is inevitable. Research on CBDC design and implementation is under way around the world. China is seven years into the process
Tag: banks
CryptoCorner Nearly 90% of the world’s central banks are developing digital currencies, apparently pressured by the rise of Bitcoin and other cryptocurrencies. Central banks, including the U.S. Federal Reserve, apparently seek to build on cryptocurrency’s innovative technology, including blockchain, an unbreakable record of transactions. Chetan Ahya, Chief Economist and Global Head of Economics at Morgan
The Fintech sector has experienced a period of rapid growth over the past year. As noted by the World Bank, with the exception of lending, digital financial services grew across the board, particularly in emerging markets. According to the report, Fintech is seen as the pathway to affordable financial services, which is critical for both