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About 93% of global central banks are exploring digital currencies - and that could boost de-dollarization, a report by IMF staff says

Fri, 09/22/2023 - 07:30

Close-up view of robot holding dollars — LightFieldStudios/ Getty Images

Markets, mi-exclusive, Markets, dedollarization, central-bank-digital-currencies, BRICS, De-Dollarization

Zimbabwe is bringing in a gold-backed digital currency with its own dollar ravaged by inflation

Mon, 04/24/2023 - 05:28

People queue to withdraw money from a bank as Zimbabwe introduces new currency in Harare, Zimbabwe, November 12, 2019. — People queueing to withdraw money from a bank in Zimbabwe in November 2019.
Philimon Bulawayo/Reuters

Markets, MI Exclusive, Currencies, Zimbabwe, US Dollar, Gold, Tobacco

Florida Governor Ron DeSantis proposes banning a digital currency from the Fed, arguing it will stifle innovation and promote surveillance

Tue, 03/21/2023 - 12:25

Tech Insider : Crypto

Ron DeSantis — Ron DeSantis speaks during an election night watch party at the Convention Center in Tampa, Florida, on November 8, 2022.
GIORGIO VIERA/AFP via Getty Images

Markets, MI Exclusive, Federal Reserve, CBDC, Central Bank Digital Currency, crypto, finance

The Treasury just gave the strongest indication yet that the US will get a digital dollar, but an expert says proliferation of CBDCs poses risks to the dollar.

Thu, 03/02/2023 - 08:17

Digital dollar central bank digital currency treasury fed government — Tim Robberts/Getty

Markets, MI Exclusive, CBDC, Central Bank Digital Currency, Fed, Treasurys, governments

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