BIS says crypto’s structural flaws make it an unsuitable basis for a monetary system. Instead, central bank digital currencies offer a better solution for settlements, transfers and payments.
Stablecoins promise a safe haven from the wild price swings of cryptocurrencies. But the collapse of stablecoin TerraUSD has called that idea into question.
DeFi aims to revolutionise banking by allowing anyone with internet access to lend and borrow without going through a middleman. Is it the future of finance?
A Bank of International Settlements report found that stablecoins and central bank digital currencies could pose a number of risks in emerging markets and developing economies.
Outlined below is an examination of how central bank digital currencies could resemble and differ from cryptocurrencies and "stablecoin" projects like Facebook-backed Diem.
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