Exploring Cardano: Inner Workings and Advantages of this Cryptocurrency
Seville.- Economy.- Innova.- STSA inaugurates its new painting and sealing hangar in San Pablo, for 18 million
Innova.- More than 300 volunteers join the Andalucía Compromiso Digital network in one month to facilitate access to ICT
Innova.-AMP.- Ayesa acquires 51% of Sadiel, which will create new technological engineering products and expand markets
A Commission created by the CSD will supervise the RFEF
The AN judge prosecutes the former ETA leader for her responsibility in the kidnapping and murder of Miguel Ángel Blanco
The European Parliament condemns the contacts of the Catalan independence movement with Russia and demands an investigation
The PSC would win the Catalan elections with 39-40 seats, Junts would obtain 28-30 and ERC 27-28, according to the CIS
How Blockchain in being used to shape the future
Not just BTC and ETH: Here Are Some More Interesting Coins Worth Focusing on
Retrópolis brings the golden age of video games and computing to the UPV
Looking for video games that value the neighborhoods of Valencia
UPV researchers improve the efficiency of air conditioning systems using a geothermal heat pump
València is committed to citiverse and smart tourism to be "the reference technological hub of the Mediterranean"
A million people demonstrate in France against Macron's pension reform
Russia launches several missiles against "critical infrastructure" in the city of Zaporizhia
A "procession" remembers the dead of the Calabria shipwreck as bodies continue to wash up on the shore
Prison sentences handed down for three prominent Hong Kong pro-democracy activists
ETH continues to leave trading platforms, Ethereum balance on exchanges lowest in 3 years
Investors invest $450 million in Consensys, Ethereum incubator now valued at $7 billion
Alchemy Integrates Ethereum L2 Product Starknet to Enhance Web3 Scalability at a Price 100x Lower Than L1 Fees
Mining Report: Bitcoin's Electricity Consumption Declines by 25% in Q1 2022
Oil-to-Bitcoin Mining Firm Crusoe Energy Systems Raised $505 Million
Microbt reveals the latest Bitcoin mining rigs -- Machines produce up to 126 TH/s with custom 5nm chip design
Bitcoin's Mining Difficulty Hits a Lifetime High, With More Than 90% of BTC Supply Issued
The Biggest Movers are Near, EOS, and RUNE during Friday's Selloff
Global Markets Spooked by a Hawkish Fed and Covid, Stocks and Crypto Gain After Musk Buys Twitter
Bitso to offset carbon emissions from the Trading Platform's ERC20, ETH, and BTC Transactions
Draftkings Announces 2022 College Hoops NFT Selection for March Madness
The International monetary Fund (IMF) published a paper on the future of digital money systems. The organization looks classic banks and credit card providers in competition with new forms of money concepts. The digital currencies can replace in the future, possibly even well-established structures. Furthermore, the IMF warns of the risks to financial stability and consumer protection. Further publications on the topic will follow.
From Polina Khubbeeva17. July 2019BTC$9.789,00 2.88%part Facebook Twitter LinkedIn xing mail
The International monetary Fund (IMF) published on 15. July a document on the subject of digital currencies. The organization focuses, in particular, with the increasing competitiveness of FinTechs in comparison to conventional banks.
The paper, authored by Tobias Adrian and Tommaso Mancini Griffoli, is the first release of a new series of publications of the IMF. This bears the title of "Fintech Notes." In it, the authors are concerned, therefore, to examine the future of the digital economy. Digital money systems take a prominent place in this all-round analysis of future economies.
For the IMF is the future of money digital"Digital forms of money are increasingly used in the purses (Wallets) of consumers. At the same time they are also in the minds of the political decision-makers. Cash and Bank deposits compete with so-called E-Money. This is an electronically stored monetary value, represented in and linked to currencies such as the Euro or the Dollar.“ In this way, the IMF authors of the Reports describe the increasing relevance of digital money systems.
Adrian and Griffoli even go a step further and the ability to recognise that digital currencies will replace traditional financial infrastructures even. The new financial undertakings, questioning of fact, part of the business models of credit card providers. The growing popularity of the E-Money models, which have a more stable coins, points according to the IMF, in addition to the fact that these models are consumer-friendly than conventional payment systems.
IMF skepticism about stable coins remainsHowever, banks will continue to exist according to the IMF, likely to continue. Despite the popularity of Stablecoins new company in the future could be with their products, easy to new banks.
Also, underline the authors of the document the risks of the new money concepts. These include the formation of new monopoly structures. Furthermore, they could potentially threaten weaker currencies. And of course, the IMF Report also mentions the known issues around consumer protection and financial stability. Similarly, the authors point to the possible illicit activities (e.g. money laundering), which brings the use of digital currency systems.
The International monetary Fund (IMF) is a specialized Agency of the United Nations (UN). Its main task is the granting of loans to countries with currency complications. The IMF is also engaged in the promotion of international monetary cooperation and the stabilization of exchange rates. He is also the sister organization of the world Bank.
In the past, representatives of the IMF were quite open-minded, if also reluctant, to the rise of Bitcoin and co., at the Latest since the launch of Facebook Libra-Coin accept, the international monetary guardians with the reality and the relevance of digital currency concepts to acknowledge.
Attention: The crypto-compass is the first digital magazine for digital currencies and Blockchain Assets. He provides you with monthly exclusive assessments, Insights and comprehensive analysis of the current situation on the Blockchain- & crypto-markets. Only now and only for as long as the stock enough: In the monthly subscription, incl. FREE Bitcoin Whitepaper (German version printed)
