Will CBDC replace cash?|2. Will a U.S. CBDC replace cash or paper currency? The Federal Reserve is committed to ensuring the continued safety and availability of cash and is considering a CBDC as a means to expand safe payment options, .not to reduce or replace them
Could you elaborate on the potential role of a Central Bank Digital Currency (CBDC) in the future? Will it serve as a substitute for physical cash, or rather, will it coexist alongside cash, broadening the range of secure payment options available? Given that the Federal Reserve is dedicated to maintaining the safety and accessibility of cash, it seems they're exploring CBDC as an additional tool, rather than a replacement. What are your thoughts on this?
Is cryptocurrency illegal in Islam?|Islamic banking laws are also anti-interest so the technology, pricing, and buying and selling of cryptocurrency money is deemed halal by many Islamic scholars who rely on the teachings of Prophet Muhammad PBUH when seeking guidance about permissibility (ultimately, only Allah knows best).
Could you elaborate on the legality of cryptocurrency in the Islamic context? Islamic banking laws forbid interest, so how does this align with the practice of pricing and trading cryptocurrency? Many Islamic scholars seem to consider it halal, but what is the basis for this interpretation? Do they draw from the teachings of Prophet Muhammad for guidance? And ultimately, who determines the permissibility of cryptocurrency in Islam?
Who runs Hong Kong?|The current Chief Executive is John Lee.
Could you please elaborate on the governance structure of Hong Kong? I'm particularly interested in understanding who is currently in charge of leading this special administrative region. I've heard that John Lee serves as the Chief Executive, but I'm also curious about the other key players involved in governing Hong Kong. Could you provide some insights into their roles and responsibilities? Additionally, I'm wondering how the political system operates in Hong Kong and how it differs from other regions. Thank you for your assistance in clarifying these matters.
Is Coinbase legal Singapore?
Could you please clarify for me, is Coinbase considered legal in Singapore? I've been hearing a lot about cryptocurrency exchanges and am interested in exploring this option, but I want to ensure that I'm operating within the legal framework. Could you provide any insight into the legality of using Coinbase in Singapore? I appreciate your assistance in helping me understand this matter.
Which is the best and safest crypto wallet?
Which crypto wallet would you recommend as the best and safest option for storing digital currencies? I'm looking for a wallet that offers robust security features, ease of use, and compatibility with a wide range of cryptocurrencies. Is there a specific wallet that stands out in terms of its reputation and track record in the industry? Additionally, I'm curious about the different types of wallets available, such as hardware wallets and software wallets. Which one would you recommend, and why? Can you also provide some insights into the security measures I should consider when choosing a crypto wallet?