Central banks need to go slow on digital currencies

Central banks need to go slow on digital currencies

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

Central Banks Creating Solo Cryptos; Retail Slumps, Bars and Restaurants Boom

Central Banks Creating Solo Cryptos; Retail Slumps, Bars and Restaurants Boom

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

What’s next for Fintech, and how banks can leverage new-wave technologies to deliver superior services to all

What’s next for Fintech, and how banks can leverage new-wave technologies to deliver superior services to all

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