CBDC Outlook 2023 - More than meets the eye CBDCOutlook2023 Europe UK
Welcome to Kitco News' 2023 Outlook Series. Uncertainty continues to dominate financial markets as central bank monetary policies push the global economy into a recession to cool down inflation. Stay tuned to Kitco News to learn from the experts on how to navigate turbulent financial markets in 2023.
"A digital euro should first and foremost meet the retail payment needs of the euro area," they wrote, making clear that their focus was on a retail CBDC rather than the less ambitious wholesale version. Werner, who was a longtime member of the ECB Shadow Council and currently teaches at Oxford, sees the possibility of two different attitudes emerging in the region, with some countries favoring CBDCs and others cryptocurrencies."There's some domiciles like Switzerland […] where they've been very proactive and they have very good legislation for crypto currencies. As a result, there's a lot of crypto launches and crypto activities there," Werner said.
Indonesia's central bank released a white paper on Dec. 1 outlining their approach to a possible CBDC for the fourth most populous country, with Governor Perry Warjiyo writing that central banks view CBDCs as"a prospective future-proof solution" to the challenges posed by cryptocurrencies, but that the issuance of a CBDC would not be easy.
Werner said it's not surprising that Latin American countries are among the leaders in terms of cryptocurrency adoption, and may doubt the benefits of CBDCs because of their own governments' track records.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Outlook 2023: Voters: Are you ready to return to the ballot box in 2023?If a provincial election indeed takes place this year, Falcon faces two other challenges: A rebrand and candidate selection.
Read more »
The bottom is in for gold - World War 3 is already here & a global economic collapse will pave way for CBDCs - Gerald CelenteThe bottom is in for gold - World War 3 is already here & a global economic collapse will pave way for CBDCs - Gerald Celente GeraldCelente CBDCs WorldWar3
Read more »
Global recession likely in 2023, according to WEF survey as Davos gets underwayA global recession is likely in 2023, a majority of economists told a WEF survey, released as business leaders gather in Davos. Read on.
Read more »
Energy stocks face upside potential in 2023 amid oil tailwinds: Nuttall - BNN BloombergEric Nuttall, partner and senior portfolio manager at Ninepoint Partners, said he sees oil demand normalizing in China this year and thinks it will be a tailwind for the sector.
Read more »
CNC Research Forest Legacy Fund seeking applicants for 2023Grants of up to $50,000 available for environmentally-focused projects
Read more »
Davos 2023: Global recession likely, according to WEF survey as Davos gets underwayA global recession is likely in 2023, a majority of economists told a WEF survey, released as business leaders gather in Davos. Read on.
Read more »