An independent examiner has revealed shocking details surrounding the inner workings of Celsius – a crypto lender that filed for bankruptcy in July 2022. The examiner claimed that Celsius did not operate by the business model that it presented to customers. He likened it to a Ponzi scheme, much like FTX – a company that happened to have used the same accounting software: QuickBooks. The Truth About CEL Token Per a filing from examiner Shoba Pillay on Tuesday, Celsius had…
The Pilot Process
Ghana Foresees a Cashless Economy with its New CBDC Pilot Program
The Bank of Ghana is teaming up with Giesecke+Devrient (G+D) to launch a Central Bank Digital Currency pilot program. This move could make Ghana the first African country to unleash its digital currency. According to a press release, the collaborative effort will test the issuance of a general-purpose CBDC dubbed as Cedi through various stakeholders, including banks, consumers, merchants, payment providers, and many more. The gradual transition towards a cashless economy is part of the Digital Ghana Agenda, which plans…
1 year ago 
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