Central bank control over all uses of money is not democracy, Balaji Srinivasan says.
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Twenty-four central banks will have digital currencies by 2030 - BIS surveySome two dozen central banks across emerging and advanced economies are expected to have digital currencies in circulation by the end of the decade, the Bank for International Settlements (BIS) found in a survey published on Monday.
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Central banks in Asia could soon diverge from the Fed, Nomura says'After China, Korea, India and even Indonesia could cut rates ahead of the Fed, due to faster disinflation, weak demand and higher real rates,' Nomura economists wrote.
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BIS Survey: 93% of the World's Central Banks Are Engaged in CBDC Work – Bitcoin NewsThe Bank for International Settlements (BIS) found 93% of the 86 banks surveyed were 'engaged in some form of CBDC work and more than half are running concrete experiments or working on pilots.'
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Exclusive: South Korea asks banks to prepare $4 bln to support credit union -sourcesSouth Korea's financial services regulator has asked major commercial banks to prepare around $4 billion in financing to support a credit cooperative hit by customer withdrawals, two banking sources familiar with the matter said on Monday.
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Fed plans to boost US banks' reserve requirements; industry gripesThe Federal Reserve's top regulatory official laid out a sweeping plan to increase capital requirements for the nation's largest banks in the wake of recent bank failures, a move that was immediately met with criticism from the industry.
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Jim Banks blasts Biden admin for paying 'DEI bureaucrats' more than 'enlisted troops' on 'frontline'Indiana GOP Rep. Jim Banks, who is running for Senate, blasted the Biden administration for paying 'DEI bureaucrats' more than 'enlisted troops on the frontline.'
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