The currency, Ü, is AI-powered and is designed to protect the international banking structure through the adoption of a central banking policy framework. Additionally, the digital asset is designed to comply with International Monetary Fund recommendations for dealing in crypto assets.
Estimated reading time: 0 minutes, 21 seconds
New International CBDC Set to Stabilize Global Banking System
The Digital Currency Monetary Authority launched a central bank digital currency (CBDC) that can act as an internationally recognized settlement currency. So reports Fintech Futures.
Most Read
-
-
Apr 27 2019
-
Written by FinTech News Brief Staff
The Securities and Exchange Commission announced the concept of digital…
-
-
-
Jan 16 2020
-
Written by FinTech News Brief Staff
Representatives from the Reserve Bank of Australia said they are…
-
-
-
Jan 09 2019
-
Written by FinTech News Brief Staff
Ripple CEO Brad Garlinghouse said cryptocurrency and blockchain stand to…
-
-
-
Sep 24 2020
-
Written by FinTech News Brief Staff
MicroStrategy Inc. became the first public company to invest “the…
-