Central Banking | Business | Legislation The Strategic Imperative On June 23, 2025, ECB President Christine Lagarde addressed the European Parliament, urging speedy passage of legislation to enable a digital euro—a central bank digital currency (CBDC) intended for everyday use like an online wallet for euro-area residents (reuters.com). Monetary sovereignty: Lagarde sees the digital euro as
Tag: currency
The Savage Nature of Bitcoin: Lack of Regulation and the Prevalence of Criminal Use
Bitcoin, the world’s first decentralized cryptocurrency, has revolutionized the financial landscape since its creation in 2009. As the digital currency has grown in popularity, it has garnered significant attention from investors, tech enthusiasts, and policymakers alike. However, Bitcoin's meteoric rise has also sparked significant concerns about its lack of regulation
Crypto Crime Wave: Urgent Need for Global Laws to Protect Victims
Cryptocurrency has undeniably revolutionized the financial landscape, offering a decentralized, digital form of money that transcends borders and intermediaries. However, this same freedom and anonymity that attract legitimate users have also made cryptocurrencies, particularly Bitcoin, a preferred tool for cybercriminals. From ransomware attacks to Ponzi schemes, cryptocurrencies are now at
BRICS Nations’ Blockchain Payment System: The Urgent Need for Global Regulations
In recent years, the BRICS nations—Brazil, Russia, India, China, and South Africa—have emerged as influential global players, particularly in economic and geopolitical arenas. Their collective efforts have been geared toward reshaping the international financial landscape, reducing reliance on traditional Western-dominated institutions like the U.S. dollar and the International Monetary Fund
The Devaluation Trend of the Iranian Rial: Implications for Global Finance and Trade
The Iranian rial (IRR) has experienced a dramatic and sustained devaluation over the past decade, triggering profound consequences not only within Iran but also across the broader global financial and trade landscape. This trend has been driven by a combination of internal economic challenges, international sanctions, and geopolitical tensions, all