Central Banks From 32 Different Countries To Meet in El Salvador To Discuss Bitcoin Rollout, Says Nayib Bukele
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The president of the first country to adopt Bitcoin (BTC) as legal tender is planning to meet with central banks from 32 different countries to discuss BTC and its role in economies. El Salvadoran…
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El Salvador President Nayib Bukele announced that 32 central banks and 12 financial authorities are meeting in the country to discuss Bitcoin. Late Sunday night, El Salvador President Nayib Bukele... [[ This is a content summary only. Visit my website for full links, other content, and more! ]] Go to…
“Bitcoin has effectively cornered the world’s central banks, and there is no way out,” said author Adam Livingston on July 9. He added that the banks face an “unprecedented challenge,” in that they cannot print Bitcoin to defend their currency, which creates a “policy trilemma.” Policymakers essentially have three choices:…
Cecilia Skingsley, the new head of the Bank of International Settlements (BIS), decried the lack of interconnectedness that will come with the proliferation of central bank digital currencies (CBDCs). Skingsley believes that CBDCs are a good gateway for seamless transactions, but they would face geographical limitations because not all countries…