Politics

Fed's Williams: Central banks' role in providing liquidity and stability will remain, but digital currencies could change that

The digital revolution in payments and money could have implications for the central bank. It is important for the Fed to understand how digital technology affects the economy, the financial system, and policy implementation.

Stablecoins and CBDCs carry both risks and opportunities, Williams added.

Bank of England's Hauser: Digital currencies could change the transmission mechanism of monetary policy.

Hyundai has released a "copy" of the Tesla - Reuters

Hyundai Motor Co. on Thursday unveiled its first electric sedan, the Ioniq 6. The South Korean automaker expects the electric car to help it capture a larger share of the EV market, including poaching Tesla customers.

Bank of America has no plans to offer crypto services

BofA CEO Moynihan said that the company will not offer services related to cryptocurrency in the near future. However, he acknowledged the importance of digital payments in today's economy. According to Moynihan, the main obstacle to the crypto industry is regulatory problems. The SEC is suspicious of companies offering cryptocurrency

Project by Trump’s Sons Launches User Verification: An Insight into World Liberty Financial's KYC Procedure and Community Reactions

In mid-September 2024, former President Donald Trump unveiled a new venture called World Liberty Financial, a project that has garnered attention not only for its political ties but also for its ambitious goals in the blockchain space. Developed in collaboration with his sons, this project aims to create a landing

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