Barring cryptocurrencies will prevent Chinese yuan from leaving China in the form of Bitcoin or other cryptocurrencies, allowing the government to maintain control of its centralized fiscal and economic systems.
The Bank of Russia’s announcement is the latest move by central banks to harness the advantages of distributed ledger technology to stave off the rapid ascendancy of competing but regulatory-light cryptocurrencies like Bitcoin and Ethereum.
Paolo Rubano, Finance Transformation director at Italian insurance giant Generali Assicurazioni after a decade at France’s Axa, discusses the need for major multinationals to be more agile, more digital and more customer-centric.
Bjarne Tellmann is senior vice president and general counsel at GSK Consumer Healthcare, a joint venture that combines the consumer brands of GSK and Pfizer. He speaks to Global Finance about the intersectionality of his work.