Buying a business development company (BDCs) is kinda, sorta like investing like a venture capitalist (VC). Minus the arrogance. And the lack of yields!
The year 2023 saw a significant surge in mainstream acceptance of cryptocurrencies. Major financial institutions embraced digital assets, laying the foundation for 2024 to see a boom in mass adoption.
Despite the popularity of private monetary systems like Bitcoin and payment systems like Venmo, governments around the world are still pushing for the creation of "central bank digital currencies" (CBDCs). But what are these currencies and what would they mean for societies?
At the Singapore FinTech Festival last week, IMF managing director Kristalina Georgieva made the case for central bank digital currencies (CBDCs) in her keynote address.