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North Carolina House Passes Bill Banning State Agencies From Accepting CBDCs
4.5.2023
The North Carolina House of Representatives passed a bill that would ban state agencies from accepting payments in central bank digital currencies.
Lawmakers passed that bill 118-0 on Wednesday.
The bill would encompass “any institution, bureau, board, commission, officer, or political...
Florida Takes a Stand Against CBDCs: Anti-CBDC Bill Receives Overwhelming Support in House and Senate
4.5.2023
In the wake of Florida Governor Ron DeSantis’ remarks in Jacksonville on Tuesday, both the Florida House of Representatives and Senate have approved the state’s anti-central bank digital currency (CBDC) legislation, dubbed SB 7054. The bill explicitly states that should the U.S. central...
Central Bank Digital Currencies Are Unexpectedly Becoming a Presidential Election Issue
4.5.2023
The U.S. has no plans to issue a digital dollar. So why are so many politicians coming out against the idea?
RFK Jr. Raises Crypto Taxes, Regulation as Issues in Opening Days of 2024 Presidential Race
3.5.2023
Robert F. Kennedy Jr., the latest presidential candidate from one of the most famous U.S. political families, is introducing a number of crypto issues in his newly announced campaign to challenge Joe Biden
In the 'Stablecoin Olympics,' No Winner Will Take All
3.5.2023
Can CBDCs, Tokenized Deposits, Stablecoins and DeFi Coexist?
3.5.2023
Modern payments tools may eventually compete with banks. But is there a place for tokenized bank deposits and central bank digital currencies in DeFi?
Retail CBDCs bring unknown 'consequences' to financial system: IMF director
3.5.2023
The IMF's Kristalina Georgieva said wholesale CBDCs, on the other hand, have “fairly little space for undesirable surprises.”
Ron DeSantis Vows to Prohibit CBDC, ‘Woke Politics,’ and ‘Financial Surveillance’ in Florida
3.5.2023
Florida governor Ron DeSantis reiterated his call for a ban on central bank digital currencies (CBDCs) during a visit to Jacksonville on Tuesday. Last March, DeSantis pushed for legislation to prohibit a CBDC in Florida. At Tuesday’s event called “Government of Laws, Not Woke Politics,”...
The U.S. Should Lead the Digital Future of Money
27.4.2023
In his speech to CoinDesk’s Consensus festival yesterday, the head of the non-profit Digital Dollar Project says a U.S. central bank digital currency is too important to be left to central bankers to design. Money is a social issue requiring broad-based public engagement
Central Banks Reduce US Dollar Swap Lines to Weekly Auctions Amid Moody’s US Banking Sector Downgrade
25.4.2023
After the tumultuous downfall of three major banks, namely Silvergate Bank, Silicon Valley Bank, and Signature Bank, several central banks made a collaborative announcement of a swift, coordinated emergency response. The intervention aimed to furnish U.S. dollar liquidity, with the intention...
S Korean MPs to Create Law that Distinguishes CBDCs from Crypto – Is Digital KRW Launch Imminent?
25.4.2023
South Korea is edging closer to a central bank digital currency (CBDC) launch, with a new draft law set to create legal terminology for CBDCs.
Herald Kyungjae reported that a new bill will soon roll out in the National Assembly, and will include clauses that spell out the legal differences between...
Stablecoins must be programmable to counter CBDCs
25.4.2023
Decentralization enables programmability — and that allows stablecoins to wield a key advantage over central bank digital currencies
Russia to Work With Digital Currencies of Other Nations
23.4.2023
The platform developed for the digital ruble will be able to operate with different state-issued digital currencies, the Bank of Russia said. Mechanisms for interaction with digital coins minted by the central banks of other countries are already under development, the monetary authority unveiled....
Draft U.S. Stablecoin Bill Shows Major Difference Between Stablecoins and CBDCs
17.4.2023
Who Really Benefits From CBDCs? It’s Not the Public
17.4.2023
The only people benefitting from central bank digital currencies are lobbyists, tech companies and, yes, central banks, say the Cato Institute’s Nicholas Anthony and Norbert Michel
CBDC Debate Heats Up: BIS Project Sparks Controversy Among Critics; Lynette Zang Warns of Dangers of CBDCs
16.4.2023
During the weekend, discussions about central bank digital currencies, or CBDCs, trended on social media as many people believe the idea will result in increased financial surveillance and a totalitarian monetary system. In a recent interview, Lynette Zang, the chief market analyst at ITM Trading...
G7 to Discuss More Crypto Regulation and How to Help Developing Nations Introduce Central Bank Digital Currencies
13.4.2023
The G7 countries are discussing more crypto regulation and ways to help developing nations introduce central bank digital currencies (CBDCs). “As a priority of this year, the G7 will consider how best to help developing countries introduce CBDC consistent with appropriate standards, including...
G-7 Will Focus on Helping Developing Nations Introduce CBDCs
12.4.2023
The Group of Seven (G-7) advanced nations will prioritize considering how it can better help developing countries introduce their central bank digital currencies (CBDCs)
US Presidential Candidate RFK Jr. Says Bitcoin Provides An ‘Escape Route’ From Financial Turmoil
11.4.2023
On Monday, Robert F. Kennedy Jr. once again cautioned the public to be wary of central bank digital currencies (CBDCs), and he insisted that the Biden administration has launched a “steady barrage of hostile broadsides against cryptocurrencies.” Kennedy, who recently filed to run...
Dollar to Play Lesser Role Due to Its Weaponization, Digital Currencies, Economist Jeffrey Sachs Says
10.4.2023
Within the next decade, the U.S. dollar will play a much less dominant role than it is today, according to Jeffrey Sachs. The renowned economist listed a few factors for the diminishing status of the greenback such as its use as a political weapon by Washington, the introduction of currencies like...