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Chinese Leaders Back Regional Digital Currency Plan

From pymnts.com

The Official Monetary and Financial Institutions Forum (OMFIF) unveiled the debut of its Digital Monetary Institute, Cointelegraph reported. The think tank’s founding members encompass financiers, policymakers, regulators and technologists in addition to select firms such as Cypherium. The OMFIF seeks to create connections between the traditional banking and cryptocurrency spaces. The group, which has been releasing detailed central bank digital currencies (CBDC) and cryptocurrency reports as of 2018, is geared toward CBDCs and retail and wholesale payments. OMFIF Head of Fintech Research Bhavin Patel said per the ... (full story)

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  • Category: Fundamental Analysis