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Can Stablecoins Drain Wealth From Emerging Economies? Deputy Governor Sounds Alarm
Wednesday, July 12, 2023 - 9:09am | 442Despite the rapid proliferation of stablecoins, many regulators are apprehensive about adopting the technology, particularly in emerging economies. What Happened:"Unbacked cryptocurrencies — we don't believe are anything that answers to anything, which is a financial asset or...
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India And UAE Join Forces To Create A Digital Currency
Wednesday, March 15, 2023 - 4:11pm | 281India and UAE have signed a Memorandum of Understanding (MoU) to collaborate on developing digital currencies. What Happened: The Reserve Bank of India (RBI) and the Central Bank of the United Arab Emirates (CBUAE) signed the MoU in Abu Dhabi on Monday. The MoU focuses on exploring various emerging...