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Kwami Ahiabenu

Knowledge Innovations > Articles by: Kwami Ahiabenu

IMF head says stablecoins not backed by assets are a ‘pyramid,’ hinting at UST debacle that crashed markets

  • May 24, 2022
  • Kwami Ahiabenu
  • Digital Currency
Stablecoins that are not backed by assets to support them are a pyramid scheme, the head of the International Monetary Fund said Monday, hinting at the collapse of terraUSD...
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IMF’s Georgieva Urges Against Abandoning All Crypto After Terra’s Crash

  • May 24, 2022
  • Kwami Ahiabenu
  • Cryptocurrency
(Bloomberg) — People shouldn’t completely shun the crypto world after the recent collapse of a popular stablecoin, an official at the International Monetary Fund said Monday. TerraUSD, or UST, imploded...
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Crystalina Giorgieva IMF Chief

IMF Clarifies her stand on cryptocurrency

  • May 24, 2022
  • Kwami Ahiabenu
  • Cryptocurrency
IMF Chief Crystalina Giorgieva clarified her stance on crypto while speaking at the world economic forum annual meeting she said that cryptocurrency is not necessarily money just because it...
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Central Bank Digital Currency (CBDC)

Can introducing a central bank digital currency improve social welfare?

  • May 22, 2022
  • Kwami Ahiabenu
  • Uncategorized
While cash is issued in the form of physical paper and coins, central bank digital currency (CBDC) involves recording transaction information in a digital ledger kept by the central...
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US Congress introduces record number of crypto related bills

  • May 22, 2022
  • Kwami Ahiabenu
  • Digital Currency
The U.S. Congress has introduced over 80 new bills for consideration related to the crypto industry, so far, of which several have passed into law.Former U.S. Regulator with the...
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SWIFT Network To Begin Exploring Cross-Border CBDC Payments

  • May 22, 2022
  • Kwami Ahiabenu
  • Digital Currency
Central Bank Digital Currencies have become a government favorite tool to usher the advancement of web3 and digital currencies. Whether or not the countries looking into CBDCs legalize crypto...
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Nigeria’s paper currency to be out of circulation soon due to Central Bank Digital Currency (eNaira)

  • May 22, 2022
  • Kwami Ahiabenu
  • Digital Currency
The Central Bank of Nigeria has said that paper currency will soon be out of circulation, urging market men and women to sign into the e-Naira according the Punch....
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CBN Central Bank of Nigeria

Central Bank of Nigeria (CBN) issues guidelines for Open Banking

  • May 19, 2022
  • Kwami Ahiabenu
  • FinTech Technologies, Uncategorized
The Central Bank of Nigeria, in exercising its  mandate to ensure the stability of the financial system and pursuant to its role in deepening the financial system, developed a...
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Central Bank Digital Currency (CBDC)

Tanzanian governor believes CBDC to be a safer alternative to cryptocurrencies

  • May 18, 2022
  • Kwami Ahiabenu
  • Digital Currency
Tanzania is moving closer to launching its central bank digital currency (CBDC) in response to the rising popularity and adoption of cryptocurrencies. The Governor of the Bank of Tanzania...
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Central Bank of South Africa

South African central bank eyes digital rand to cut cross-border payment costs

  • May 18, 2022
  • Kwami Ahiabenu
  • Digital Currency
A digital rand in South Africa could cut the high cost of cross-border payments for banks but its introduction is still a few years away, a senior central bank...
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