In a document published on Thursday (25), the Central Bank of England clarified doubts about the creation of its digital currency, also called “Britcoin”. The text is also a response to criticism from citizens, as evidenced by the transition. In short, the BC states that paper money will continue to exist, that is, digital currency […]
Tag: central bank
Argentina changes its monetary policy rate, lower than the previous one
The new government of Javier Milei It has been proposed to reduce the Central Bank’s reimbursed liabilities – Leliq and Passive Passes – as the interest accrued by these instruments is an expansionary factor of the monetary base and therefore inflationary. Until a month ago, current President Milei’s concern was the ‘Leliq bomb’ and how […]
Bitcoin does not serve as a store of value or as a means of payment, the Central Bank of Brazil says
In a recent live broadcast by the Central Bank of Brazil, Antônio Marcos Guimarães, advisor at the Central Bank’s Financial System Regulation Department, revealed the authority’s view on Bitcoin and cryptocurrencies. During the broadcast, Guimarães spoke about Bitcoin’s “limitations” in fulfilling essential functions of a sovereign currency, especially since store of value It is unit […]
Canadians don’t want digital currencies. “It sounded great until…”
Canadians prefer to hold cash and are skeptical of the idea of a central bank issuing a digital Canadian dollar. More central banks around the world have launched or announced the launch of digital currencies. The idea is being considered, among other things: in Canada. However, it appears that the proposal does not have particular […]