/cryptocurrency

News and resources on digital currencies, crypto assets and crypto exchanges worldwide.

Discussion
Transak taps Visa Direct for global crypto withdrawals
Hitesh Thakkar

Hitesh Thakkar

  Web3 cryptocurrencies itself is treacherous - high returns high risk investment option - totally unregulated.
US falling behind peers on CBDC progress, warns think tank
Arshad Noor

Arshad Noor

  In any country with an authoritarian government/head, there are no protections; so it is futile to discuss this in that context. In democratic countries, where laws can be established apriori, a set of controls can be established to prevent such failures. However, it is important to remember that not all anomalies can be recognized and addressed apriori. Diligent policymakers will continue to reinforce those protections regularly and fill gaps when identified and where necessary. Witness what the EU is doing with its laws: GDPR, PSD, DMA, etc. It still needs to be said, that unless consumers/citizens vote with their wallets/votes, even lawmakers and laws can be subverted. Caveat Emptor!
BIS and Bank of England seek advisors for financial crime project
Hitesh Thakkar

Hitesh Thakkar

  Dear Neira, will have to wait till Jan 29 to get Expression of Interest for the project - can check the link - https://www.bis.org/about/bisih/topics/fmis/hertha_invit.htm  on or after Jan 29.
US falling behind peers on CBDC progress, warns think tank
Ketharaman Swaminathan

Ketharaman Swaminathan

  Problem is some of humankind's greatest grifts from Shiny New Toys have also happened within Wannabe Innovators' lifetimes. So it's futile to judge voters and better to leave it to them to worry about their governments. I'd rather focus on the evils / benefits of CBDC for Citizens. For example: Evil for Citizen: Citizens think government will cancel CBDC of dissidents. This can happen in the short or medium or long or any term after CBDC is launched.  What is the benefit of CBDC to Citizen to compensate for this perceived / real evil that can be realized within the same timescale?