Sergio Massa, a leftist presidential candidate, aims to launch a digital currency (CBDC) in Argentina. He calls it Moneda Digital Argentina (MDA). Central bank digital currencies (CBDCs) are digital tokens, similar to cryptocurrency, issued by a central bank. They are pegged to the value of that country’s fiat currency. However, CBDCs should not be confused […]
Related Posts
Fox News AI Newsletter: Artificial intelligence-generated COVID drug enters clinical trials
AI VS. COVID : Artificial intelligence-generated COVID drug enters clinical trials. Continue reading… WORK TOGETHER: Embracing AI means we must mitigate risk to firms, industries, consumers and society. Continue reading… TERRIFYING TECH: Criminal enterprise flaunts AI in creepy commercial meant for dark web. Continue reading… DRIVING INTO THE FUTURE: GM, Google double down on AI partnership. Continue reading… ‘GAME-CHANGER’: […]
Mexico Secures $35 Billion IMF Credit Line: Economic Safeguard Renewed
Mexico has once again secured its financial safety net. The country still qualifies for a $35 billion credit line from the International Monetary Fund (IMF). This news, announced by Mexican authorities, carries significant weight for the nation’s economic stability. Think of this credit line as a giant umbrella. Mexico doesn’t need to use it right […]
Divides in G7 Over Seized Russian Billions
Yesterday, French Finance Minister Bruno Le Maire opposed U.S. Treasury Secretary Janet Yellen’s idea to use $300 billion in blocked Russian assets. This clash shows deep divides within the Group of Seven (G7) nations on how to handle these funds. Le Maire, after G7 finance talks, argued that the current global laws do not support […]