While the population is "digitally savvy," data within the study suggests that encouraging consumers to switch to a CBDC may be an uphill struggle. Just 40% of payments in the Middle East and Central Asia were made digitally in 2021.
We are in the middle of the “Build Your Own Layer 2” trend. Worldcoin, Sony, and crypto exchanges are making a lot of noise about decentralization and innovation being primary motives. But read between the lines, and fees are a big factor too.
Plans to burn ill-gotten crypto that can't be returned to victims — instead of dumping it on the market — is attracting praise from some corners of the industry.
The rise of Apple Pay and embedded finance in popular consumer products had long been a looming threat to legacy banks. Now, central banks were feeling the squeeze
The bigger question relates to whether Tether would bow to Washington's sanctions if asked to do so — perhaps fearing recriminations on its other lucrative operations.
Sam Bankman-Fried (SBF) has agreed to help
ex-investors go after promoters of FTX, including Tom Brady, Larry David, and Gisele Bundchen. In exchange, the suit against him will be dropped.
