S
SCAMEXPOSER
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It is like most of the central bank of different countries are not in support of cryptocurrency transactions . The bank of Jamaica is on the front burner at the moment to earn it citizens to stay of cryptocurrencies transactions. Volatility was the major reason stated by the bank and also acting on the expression of International Settlements (BIS), the global body of central banks, which dismissed cryptocurrencies and stable coins. BIS also called bitcoin as high energy footprint as well as its role in financial crimes like money laundering and ransomware attacks.
Bank of Jamaica is already working with Ireland-based technology firm eCurrency Mint for the rollout of its central bank digital currency (CBDC), tentatively scheduled for early 2022.
Not a good news for the cryptocurrency market in my opinion. Share your thoughts.
Bank of Jamaica is already working with Ireland-based technology firm eCurrency Mint for the rollout of its central bank digital currency (CBDC), tentatively scheduled for early 2022.
Not a good news for the cryptocurrency market in my opinion. Share your thoughts.