Members of the EU Parliament will be given an opportunity to gain wider knowledge of the digital currency and technology behind it at the upcoming blockchain conference in Belgium.
According to the paper released following a two-day G20 Finance Ministers and Central Bank Governors meeting in Bengaluru, India, the institutions will introduce the standards for global crypto regulation in July and September.
The clouds of the global economic recession in 2020 get darker day-by-day with the growing COVID-19 cases. The IMF has suggested a 6.3% drop in the economic activity for 2020 saying this could be the worst slowdown since the Great Depression.
IMF chief Kristalina Georgieva said that the global economy is now in a recession due to the impact of COVID-19. “We should not go with small measures now when we know that it is a gigantic crisis,” she said.
The $50 billion aid package offered by IMF is aimed at strengthening weak health institutions in the countries with emerging economies amid the coronavirus outbreak among other things.
At the World Economic Forum in Davos, there were a lot of discussions of the role of digital assets and the U.S. dollar in the global economy. Facebook’s Libra has also influenced the direction of the talks.
European Central Bank’s head Christine Lagarde dismisses Bitcoin’s positive sides but admires stablecoins and calls for large-scale competition.
SGA, the basket-backed stablecoin, that was announced by the Saga Foundation last year, has gone live.
France warned that it will block the development of Facebook’s planned Libra cryptocurrency in Europe as it represents itself a threat for the “monetary sovereignty” of governments.
Ten years have gone by since the world witnessed a major financial collapse of the banking space, and also the birth of Bitcoin. Here a look at the journey of digital assets so far.
Dong He, deputy director of the IMF’s Monetary and Capital Markets Department, published an article where he suggested that crypto assets may reduce demand for central bank money and proposed central banks create their own digitized assets.