CBDC
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๐ฎ๐ณ ๐๐ป๐ฑ๐ถ๐ฎ ๐ถ๐ ๐ฐ๐ผ๐ป๐๐ถ๐ฑ๐ฒ๐ฟ๐ถ๐ป๐ด ๐ฎ ๐๐ฎ๐ป ๐ผ๐ป ๐๐ฟ๐๐ฝ๐๐ผ ๐จ๐จ
India is favoring #CBDC over #Bitcoin and #Ethereum .
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CBDC, a Central Government Digital currency that was launched by the #indian government in December 2022.
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The government believes that cryptocurrency is surpassing the growth of CBDC.
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They also think that CBDC can do whatever #Crypto claims to do, but with far fewer risks.
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If you are wondering why governments want CBDC to grow,
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The simple reason is because they want more control over you and your transaction.
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And they can easily achieve this if you will start using CBDC.
India is favoring #CBDC over #Bitcoin and #Ethereum .
ย
CBDC, a Central Government Digital currency that was launched by the #indian government in December 2022.
ย
The government believes that cryptocurrency is surpassing the growth of CBDC.
ย
They also think that CBDC can do whatever #Crypto claims to do, but with far fewer risks.
ย
If you are wondering why governments want CBDC to grow,
ย
The simple reason is because they want more control over you and your transaction.
ย
And they can easily achieve this if you will start using CBDC.
๐ณ #CBDC are coming, whether we want them or not. There are too many benefits to #blockchain โ even a centralized form of blockchain โ for governments and central banks to pass up the opportunity.
For those who donโt know, central bank digital currencies are state-backed (fiat) money, based on blockchain technology. They have all kinds of advantages, like speed and efficiency, but there are also lots of concerns about privacy, surveillance and control over citizensโ spending.
For those who donโt know, central bank digital currencies are state-backed (fiat) money, based on blockchain technology. They have all kinds of advantages, like speed and efficiency, but there are also lots of concerns about privacy, surveillance and control over citizensโ spending.
IATA to Incorporate Chinaโs CBDC Support by Year-End 2024
The International Air Transport Association (IATA), representing the worldโs airlines, plans to incorporate Chinaโs central bank digital currency (CBDC)โknown as the digital yuan or e-CNYโinto its billing and settlement systems by the end of 2024. This move reflects the growing trend of digital currencies in global finance.
In a report by Times Aerospace on October 29, IATAโs Senior Vice President for Financial Settlement and Distribution Services, Muhammad Albakri, highlighted the necessity of adapting to changing payment preferences. โWith the increasing use of digital currencies, it is imperative that IATAโs industry financial settlement systems adapt to support the needs of those using our services,โ he stated.
The digital yuan will be made available through the China Billing and Settlement Plan, following a request from IATAโs China Airline Committee. In addition to the digital yuan, IATA is also considering the integration of other digital currencies into its settlement systems, although no specific details or timelines have been announced.
Earlier this year, IATA expanded its Currency Clearance Service to include the Renminbi Offshore, bringing the total to 74 currencies. This enhancement allows airlines to transfer sales funds in their preferred currencies, improving cash management and reducing foreign exchange risks.
In related news, Changchun Mu, Director-General of the Digital Currency Institute at the Peopleโs Bank of China, recently reported in a SINA column that as of July, the digital yuan platform had registered 180 million personal wallets and recorded a total transaction volume of ยฅ7.3 trillion (approximately $1.02 trillion) in pilot regions.
The post IATA to Incorporate Chinaโs CBDC Support by Year-End 2024 appeared first on Koinreport.
In a report by Times Aerospace on October 29, IATAโs Senior Vice President for Financial Settlement and Distribution Services, Muhammad Albakri, highlighted the necessity of adapting to changing payment preferences. โWith the increasing use of digital currencies, it is imperative that IATAโs industry financial settlement systems adapt to support the needs of those using our services,โ he stated.
The digital yuan will be made available through the China Billing and Settlement Plan, following a request from IATAโs China Airline Committee. In addition to the digital yuan, IATA is also considering the integration of other digital currencies into its settlement systems, although no specific details or timelines have been announced.
Earlier this year, IATA expanded its Currency Clearance Service to include the Renminbi Offshore, bringing the total to 74 currencies. This enhancement allows airlines to transfer sales funds in their preferred currencies, improving cash management and reducing foreign exchange risks.
In related news, Changchun Mu, Director-General of the Digital Currency Institute at the Peopleโs Bank of China, recently reported in a SINA column that as of July, the digital yuan platform had registered 180 million personal wallets and recorded a total transaction volume of ยฅ7.3 trillion (approximately $1.02 trillion) in pilot regions.
The post IATA to Incorporate Chinaโs CBDC Support by Year-End 2024 appeared first on Koinreport.
๐จA Quick look at #trump Promises to Make Crypto Great Again๐
1. Make #US ๐บ๐ธ the Crypto Capital of the World ๐
2. Fire #SecGov chief Gary Gensler on Day 1
3. Create a National Bitcoin Reserve
4. Strengthen the U.S. #Bitcoin Mining Industry
5. Introduce Clear Regulatory Reforms
6. Set Up a Crypto Advisory Council within 100 Days
7. Protect Self-Custody Rights.
8. Never to build a Central Bank Digital Currency (#CBDC )
1. Make #US ๐บ๐ธ the Crypto Capital of the World ๐
2. Fire #SecGov chief Gary Gensler on Day 1
3. Create a National Bitcoin Reserve
4. Strengthen the U.S. #Bitcoin Mining Industry
5. Introduce Clear Regulatory Reforms
6. Set Up a Crypto Advisory Council within 100 Days
7. Protect Self-Custody Rights.
8. Never to build a Central Bank Digital Currency (#CBDC )
๐บ๐ธ In this summer #donaldtrump spoke at a #Bitcoin conference in Nashville and made a number of loud promises:
1โฃ Create a strategic national $BTC reserve.
2โฃ On the very first day, fire Gary Gensler and appoint a new #SecGov chairman.
3โฃ Make sure the US government won't sell its BTC.
4โฃ Take Bitcoin and other #cryptocurrencies to new heights.
5โฃ Trump said Bitcoin may one day surpass the market cap of gold.
6โฃ Promised to soften Ross Ulbricht's sentence.
7โฃ Do not create a digital dollar (#CBDC ).
8โฃ Transform the US into the world's cryptocurrency capital and Bitcoin superpower.
1โฃ Create a strategic national $BTC reserve.
2โฃ On the very first day, fire Gary Gensler and appoint a new #SecGov chairman.
3โฃ Make sure the US government won't sell its BTC.
4โฃ Take Bitcoin and other #cryptocurrencies to new heights.
5โฃ Trump said Bitcoin may one day surpass the market cap of gold.
6โฃ Promised to soften Ross Ulbricht's sentence.
7โฃ Do not create a digital dollar (#CBDC ).
8โฃ Transform the US into the world's cryptocurrency capital and Bitcoin superpower.
๐บ๐ธ The US #TreasuryDepartment said that central bank digital currencies (#CBDC ) should replace #Stablecoins issued by the private sector .
The regulator is also very concerned about the growth of the stablecoin market.
The regulator is also very concerned about the growth of the stablecoin market.
