Few regions of the world have embraced crypto assets as much as Asia, where individual and institutional investors from India to Vietnam and Thailand are among the leading adopters. This raises the crucial question of how much cryptocurrency has been incorporated into Asia’s financial system. Digitalization can support the shift to an ecologically friendly payment …
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Unbiased Crypto-Assets
The wild swings of crypto-assets like Bitcoin compel analogies to the current dot-com boom and the tulip mania that engulfed Holland in the 17th century. Considering that there are currently more than 1,600 crypto-assets in use, it seems inevitable that many will be destroyed through creative destruction. The crypto-assets that survive could significantly alter how …
Bitcoin as a National Currency Taking it too far
Improved financial inclusion, increased resilience, increased competition among payment providers, and easier cross-border transactions are possible benefits of new digital money. However, doing so is not simple. It necessitates a substantial financial commitment and challenging policy decisions, like defining how the public and private sectors will provide and control digital forms of money. A quick …
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How Energy Use Can Be Reduced Compared to Current Payment Systems by Crypto and CBDCs
Most central banks worldwide have already decided they should support efforts to combat climate change, a serious issue that calls for reductions in energy consumption, which is the topic of this article, and carbon emissions caused by that consumption. It’s critical to consider how much energy is needed by the payment systems that central banks …