Yugocean
Valued Contributor
The impact of cryptocurrencies and NFTs has spread so much around the world that the digital asset is now being included in economic reports as well. And the cryptocurrency craze is revealing in these reports
USA:- The United States Federal Reserve Board has included crypto for the first time in its economic welfare report, revealing that crypto is primarily used for investment, with little use for transactions or purchases.
EUROPE:- Research released by the European Central Bank (ECB) on Tuesday, 24 May 2022, ahead of its Financial Stability Review, showed that with the ratio of the lowest in France (six percent) to the highest in the Netherlands (fourteen percent), 10% of households have cryptocurrency. Apart from the rich, the poor have also invested in crypto.
The growing popularity of the digital asset market has forced global governments to acknowledge its impact. Now to contend with this new technology and wider markets, central bank digital currency of various countries is under consideration.
USA:- The United States Federal Reserve Board has included crypto for the first time in its economic welfare report, revealing that crypto is primarily used for investment, with little use for transactions or purchases.
EUROPE:- Research released by the European Central Bank (ECB) on Tuesday, 24 May 2022, ahead of its Financial Stability Review, showed that with the ratio of the lowest in France (six percent) to the highest in the Netherlands (fourteen percent), 10% of households have cryptocurrency. Apart from the rich, the poor have also invested in crypto.
The growing popularity of the digital asset market has forced global governments to acknowledge its impact. Now to contend with this new technology and wider markets, central bank digital currency of various countries is under consideration.
