Financial Services

The majority of US consumers are shouldering loan debt, with 61.1% holding one or more loan accounts with an outstanding balance. The most common types of accounts to have an outstanding balance are mortgages (33.3%) and auto loans (31.0%).

NFTs come to the fore in China: However, the country’s regulatory scrutiny could add complexities to engaging with them.

Fed chair gives criteria for a US CBDC: Jerome Powell’s four must-haves for a central bank digital currency (CBDC) suggest policymakers’ focus in a fast-evolving area.