EthereumLegendGuard
Fri Jul 12 2024
|
7 answers
1161
Are crypto assets changing the International Monetary and financial system?
With the increasing popularity of crypto assets such as Bitcoin and Ethereum, the question arises: are these digital currencies truly revolutionizing the international monetary and financial system? Are they poised to replace traditional fiat currencies, or are they merely a speculative bubble? What are the potential implications for central banks, financial institutions, and global trade? As crypto assets gain more acceptance and integration into mainstream finance, it's crucial to understand their potential impact on the global economy. Could they ultimately reshape the way we think about money, banking, and international finance?
Lorenzo
Mon May 20 2024
|
6 answers
1152
How will BRICS currency work?
I'm quite curious about the working mechanism of the proposed BRICS currency. Could you elaborate on how it's envisioned to function? Will it be a single, unified currency, or will it operate more like a basket of currencies? How will it be issued and managed? Will it be backed by gold or other assets? And how will it interact with the existing global financial system? I'm particularly interested in how it might address challenges like exchange rate volatility and promote greater economic cooperation among the BRICS countries.
