According to an internal administrative circular viewed by coindesk, the upgrading of that unit into its own department is aimed at promoting innovation in the sector, identifying the challenges and opportunities associated with it and addressing them in a timely manner, and providing a framework for further research on the subject that can aid policy interventions by the … [Read more...] about India’s Central Bank Creates FinTech Department as Challenges Posed by Crypto, CBDC Grow
Challenges
Salvadoran Ambassador to US: Bitcoin Challenges Your Authority
By approving bitcoin as legal tender and announcing plans to build a “Bitcoin City,” El Salvador is one step ahead of everyone else in pushing the mainstream adoption of bitcoin, and that seems to be a threat to other countries, including the United States, according to Milena Mayorga, El Salvador’s ambassador to the U.S. Source link … [Read more...] about Salvadoran Ambassador to US: Bitcoin Challenges Your Authority
Digital intelligence must overcome challenges to solving crypto crimes
While the value of cryptocurrencies has varied wildly in the last year, this has not diminished crypto’s attractiveness to criminals. Many of them are moving their illegal activities underground and outside the view of law enforcement. Because of the public nature of most blockchains, however, this rapid movement shouldn’t be a major concern to law enforcement agencies. With … [Read more...] about Digital intelligence must overcome challenges to solving crypto crimes
4 major challenges cryptocurrency continues to face in 2021
While it’s true that cryptocurrency is something investors no longer shy away from, the general public has yet to fully trust it as a replacement for credit cards and cash. If cryptocurrency is to win the support of everyday people, here are four major issues that need to be overcome. 1. Volatility and LiquidityWhile Bitcoin is continuing to rise in value along with other types … [Read more...] about 4 major challenges cryptocurrency continues to face in 2021
The challenges with designing a CBDC, explained
Central bank digital currencies face a tricky trilemma when it comes to ensuring they are well designed. What’s the answer? Source link … [Read more...] about The challenges with designing a CBDC, explained