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Since officially adopting Bitcoin as a legal tender on September 7, 2021, several other countries have reported exploring the merits of launching a digital currency
The CEO of asset management firm Devere Group says the world is shifting “away from a dollar-dominated financial system.” Emphasizing that a shift away from U.S. dollar influence “could have positive implications for Asian economies,” he described: “With the dollar losing its stranglehold, Asian economies would also likely experience a diversification of reserve currencies, paving [...]
The post Asian Economies Could Benefit From Reduced Dollar Influence, Says Devere CEO appeared first on Crypto Breaking News.
The CEO of investment management firm Devere Group has warned that the U.S. debt ceiling dramas have weakened the U.S. dollar’s “global reserve currency’s credibility and reputation as a ‘safety asset.’” He cautioned that Congress’ debt ceiling deal “does not solve the underlying political challenges facing the U.S. and its economy.” ‘Using the Country’s Debt [...]
The post US Debt Ceiling Dramas Diminish Dollar’s Credibility and Reputation as Safety Asset, Warns Devere CEO appeared first on Crypto Breaking News.
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