In practice, coin competition is already happening, says Milei. In order to close the BCRA, it is first necessary to clean it up. Javier Milei, current president of Argentina, came to power making unusual promises. Among them was the establishment of a regime of free currency competition (popularly referred to as “dollarization”) and the closure … Read more
More than a year ago the Superfinanciera presented a proposal that it promised to take to Congress. While the wait continues, Colombian banks and exchanges advance self-regulation. More than a year has passed since the Financial Superintendency of Colombia (Superfinanciera or SFC) presented the vision that Gustavo Petro’s government has on the regulation of bitcoin … Read more
This is a proposal to regulate the tokenization of RWA through a “sandbox”. The sandbox could come into effect at the end of 2024 or beginning of 2025, according to Growth. The Argentine Fintech Chamber, an organization that brings together financial services technology companies, and Crecimiento, a movement that seeks to transform Argentina into a … Read more
Gold continues to shine amid financial uncertainty that sparks the growth of US public debt. It is within this framework that central banks around the world are accumulating the precious metal in their reserves at record levels. According to financial bulletin analysts The Kobeissi Letter, central banks have 12.1% of the world’s gold reserves in … Read more
“A useless piece of paper.” Minneapolis Federal Reserve “The existence of Bitcoin impoverishes.” European Central Bank Could these two sentences, expressed by central bankers from the United States and Europe, be more ironic? At first glance, it seems not. One would say, with a mocking smile, hiding a hidden rage, that these people couldn’t be … Read more
They also criticize Satoshi Nakamoto’s understanding of e-commerce. According to the authors, Bitcoin poses a “danger” to democracy. Analysts from the European Central Bank (ECB) published an aversive document towards bitcoin on October 12, where they consider it a “harmful” financial asset for society. The document, called “The distributional consequences of Bitcoin,” says that even … Read more
Although bitcoin (BTC) remains in a tight range seven months ago, it could benefit in the final months of the year, according to cryptoasset exchange CoinEx. “The macroeconomic outlook for the rest of 2024 appears encouraging, especially given the continued impact of the Fed’s policies,” he states in a report sent to CriptoNoticias. The exchange … Read more
This is the largest rate cut since the COVID-19 pandemic. In such a scenario, bitcoin can stand out as an investment and store of value asset. Globally, there is a trend of cuts in interest rates, which represents an injection of liquidity to the economy and also to the financial markets. According to the count … Read more
The Bank of Canada has decided not to move forward with the development of its digital currency, known as the digital Loonie, after several years of exploration that began in 2017. This decision comes amid rapid digitalization and changes in the ways Canadians pay, and follows a public consultation process in 2022. The bank confirmed … Read more
Key facts: “Now is the time to move quickly with rate cuts,” politicians say. Senators warn that delays in rate cuts have “threatened” the economy. US Senators Elizabeth Warren, Sheldon Whitehouse and John Hickenlooper sent a letter to Federal Reserve Chairman Jerome Powell urging an immediate 75 basis point reduction in interest rates. “Now is … Read more