Sentences with phrase «backed by global central banks»
A number of central banks are seriously studying whether digital currencies backed by global central banks can be used as a legal tender such as the Indian central bank.
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Global regulators are split on how to police the cryptocurrency, which is not backed by a central bank.
The largest demand for gold is seen in the jewellery sector, which accounts for 40 to 50 percent of the total global demand, followed by gold bars and coins, global ETFs backed by gold, central - bank purchases and demand by other industries.