Bitcoin.rose.back.above
2,502 views
2 Posts
Hot
Latest
#Bitcoin enters an upward trajectory due to the Federal Reserve and exceeds $38,000
_#Bitcoin.rose.back.above $38,000 over the past few hours on optimism that the US central bank may be closer to lowering borrowing costs if inflation continues to decline. #The.largest.cryptocurrency.by.market cap rose as much as 3.3% to $38,264, before later paring those gains. Bitcoin reached an 18-month high of $38,422 on Friday, as lower interest rates generally increase investor appetite for riskier assets such as digital tokens.
$BTC
#FollowUsNow To see more news and details about digital currencies 💯✅🚀💵
_#Bitcoin.rose.back.above $38,000 over the past few hours on optimism that the US central bank may be closer to lowering borrowing costs if inflation continues to decline. #The.largest.cryptocurrency.by.market cap rose as much as 3.3% to $38,264, before later paring those gains. Bitcoin reached an 18-month high of $38,422 on Friday, as lower interest rates generally increase investor appetite for riskier assets such as digital tokens.
$BTC
#FollowUsNow To see more news and details about digital currencies 💯✅🚀💵
UK Parliamentary Committee urges further evaluation of digital pound benefits, risks
Previous tests of an English CBDC revealed benefits in issuance, distribution, and privacy
Despite this, the committee expressed concerns, questioning whether the benefits would ultimately outweigh the risks
The United Kingdom Parliamentary Committee, House of Commons, has asked the Bank of England and Treasury to conduct additional consultation to assess the advantages of introducing a digital pound.
The House of Commons Treasury Committee report revealed significant costs incurred by the Bank of England and Treasury in the groundwork and tests for the CBDC. It recommended improved transparency through a separate line item in annual reports from 2024, emphasizing the need to control costs for a project that may not materialize.
While the previous tests of an English CBDC revealed benefits in issuance, distribution, and privacy, the committee expressed concerns about the significant investment required for an official launch. It also questioned whether the benefits would ultimately outweigh the risks.
Lastly, the committee advised England's central bank to be cautious about overstating the digital pound's capabilities and to ensure it doesn't worsen existing financial exclusion issues.
#cryptoexpert@Ksrawat #Bitcoin.rose.back.above #cryto2023 #TradingMastery
Previous tests of an English CBDC revealed benefits in issuance, distribution, and privacy
Despite this, the committee expressed concerns, questioning whether the benefits would ultimately outweigh the risks
The United Kingdom Parliamentary Committee, House of Commons, has asked the Bank of England and Treasury to conduct additional consultation to assess the advantages of introducing a digital pound.
The House of Commons Treasury Committee report revealed significant costs incurred by the Bank of England and Treasury in the groundwork and tests for the CBDC. It recommended improved transparency through a separate line item in annual reports from 2024, emphasizing the need to control costs for a project that may not materialize.
While the previous tests of an English CBDC revealed benefits in issuance, distribution, and privacy, the committee expressed concerns about the significant investment required for an official launch. It also questioned whether the benefits would ultimately outweigh the risks.
Lastly, the committee advised England's central bank to be cautious about overstating the digital pound's capabilities and to ensure it doesn't worsen existing financial exclusion issues.
#cryptoexpert@Ksrawat #Bitcoin.rose.back.above #cryto2023 #TradingMastery
