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Would a global currency become a true global currency?

Turning it into a true global currency would yield several benefits for the global economy and the international monetary system. This year, the world commemorates the anniversaries of two key events in the development of the global monetary system.

Is BRICS working on a new global reserve currency?

After BRICS met in June 2022, Russian president Vladimir Putin said that the bloc is working on a new global reserve currency. The 2022 meeting was held virtually, against the backdrop of Russia’s invasion of Ukraine. Could BRICS's currency replace the U.S. dollar as the global reserve currency?

Are digital currencies the future of central bank digital currencies?

The San Francisco-based company has outlined the potential benefits of central bank digital currencies in its latest report. Dubbed ' The Future of CBDCs ', the report highlighted the growing need for an effective way for governments around the world to pay benefits or stimulus money directly to citizens, especially the unbanked.

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Risk warning: Digital asset trading is an emerging industry with bright prospects, but it also comes with huge risks as it is a new market. The risk is especially high in leveraged trading since leverage magnifies profits and amplifies risks at the same time. Please make sure you have a thorough understanding of the industry, the leveraged trading models, and the rules of trading before opening a position. Additionally, we strongly recommend that you identify your risk tolerance and only accept the risks you are willing to take. All trading involves risks, so you must be cautious when entering the market.

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