What does global synchronization of digital currency mean (Global Digital Currency Alliance)?

What does global synchronization of digital currency mean? What does global synchronization of digital currency mean? The world of digital currency already exists. Although no country can guarantee the absolute security of its digital currency, if one wants to achieve large-scale use, it means the globalization and obtaining more economic benefits and higher user experience at a lower price. This is a huge leap for the entire market.

Before the emergence of Bitcoin, it was the same. When someone asked if Bitcoin would always be held, the corresponding answer could be obtained. But because of the large price fluctuations of Bitcoin and its lack of characteristics similar to gold, people often hear “BTC will never disappear”. Therefore, many investors find this term too complex and meaningless. But the current situation is just the opposite.

For example, the U.S. Securities and Exchange Commission recently approved the listing of Coinbase. In addition, a company called CryptoCapital also announced recently that it will launch its own cryptocurrency fund and is considering financing through investments in other tokens. Such companies hope to use blockchain technology to provide better risk management services and bring substantial investment returns to institutional investors and high-net-worth clients. (Huoxing Finance)

Global Digital Currency Alliance

According to reports, the Global Digital Currency Alliance (GDF) is a non-profit organization consisting of dozens of representatives from governments and international organizations around the world. According to the organization, it will cooperate with other financial service providers on the central bank digital currency of its member countries.

It is reported that GDF was established in 2017 with the aim of developing regulatory frameworks and promoting innovation for enterprises, central banks, and other stakeholders contributing to the issuance of CBDCs. (CoinDesk)