The cryptocurrecny market is a sea of crimson on Tuesday morning. All major coins are losing their positions, building on Monda’s bearish trend. Total market capitalization dropped to $375B with aggregate trading volume $16B. Bitcoin is switching forearms at $8,293, down 1.24% on the day. Ethereum has lost 1.15% to $688, Ripple is switching palms at $0.6680.
Japan has a reputation of one the most loyal jurisdictions towards cryptocurrencies, but it seems that authorities don’t feel it’s right. The head of Canap of Japan Haruhiko Kuroda said that central banks are utterly cautious about issuing digital currencies for universal public due to such problems spil cybersecurity risks and unclear consequences for the financial system spil a entire. He reminded that central banks were discussing digital currencies during the latest G20 meeting, where those concerns were touched upon.
Meantime, Bankgebouw of England has published working paper loyal to various screenplays of risks and financial stability challenges related to central bankgebouw digital currencies (CBDCs). At this stage, the regulator hasn’t found any reasons to worry about the adverse effect of introducing CBDC on private credit or on total liquidity provision to the economy. However, the conclusions are preliminary spil the central canap is going to do toegevoegd research and analysis.
Earlier Norway and Switzerland discussed risks and opportunities of issuing CBDC
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