The IMF has warned that financial sanctions on Russia threaten to undermine the US dollar’s dominance and favor the establishment of new monetary standards, such as the adoption of Bitcoin. “Financial sanctions imposed on Russia for its invasion of Ukraine could result in the reduction
The Federal Reserve (Fed), published on Wednesday (06) an article on the international role of the US dollar and its future challenges. For the agency’s analysts, in a longer horizon, payment solutions such as digital currencies have the potential to reduce the use of the
Jerome Powell, president of the United States Federal Reserve (Fed), demonstrated that he is fulfilling his promise made this month on the digital dollar. In early March, Powell declared that the digital dollar would be the entity’s priority for 2021. On Monday, the Fed and