Digital Currency
Ethiopia launches Digital Birr amid cashless economy push
Ethiopia's National Bank Proclamation of 2025 enables the issuance of a central bank digital currency known as Digital Birr. This initiative aligns with the Digital Ethiopia 2025 strategy to foster a cash-light economy. While promising financial inclusion and transparency, it raises concerns over privacy and government control.
AI and digital dollars may disrupt jobs and wealth
Reported by AI
A recent MarketWatch article warns that advancing artificial intelligence and central bank digital currencies could significantly impact employment and personal finances. The piece highlights rapid AI developments and the push for digital money as forces reshaping the economy. It urges readers to prepare for potential disruptions in the job market and wealth management.