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Adopting CBDC could destabilize banks, help households, US Treasury study says
22.3.2023
When integrated into the economy, a CBDC or stablecoin would compete with bank deposits to the public benefit, at least until a financial crisis
In Defense of a Digital Dollar
22.3.2023
Fears about mass financial surveillance are real with CBDCs, but banning them, as Republicans have recently proposed, will not help. Instead, more research is needed, says Ananya Kumar
Gov. Ron DeSantis, Privacy and the Politicization of the Digital Dollar
22.3.2023
The putative presidential candidate’s plan to ban a CBDC at state-level is unworkable constitutionally. But it’s still worrying for the future of money in the U.S., says JP Schnapper-Casteras
US Central Bank’s Fednow Payment Service to Launch in July, Economist Calls Timing ‘Suspicious’
22.3.2023
According to the U.S. Federal Reserve, the central bank’s Fednow payment service will start operating in July, and participants will be certified in April to leverage the Fednow Pilot Program. Ken Montgomery, the Fednow program executive, is urging American financial institutions to make...
New White House Report Slams Digital Asset Industry – Regulation Incoming?
22.3.2023
The digital asset industry has been slammed in a new report published by the White House, with many now fearing that even stricter regulations will be introduced in the US....
Read More: New White House Report Slams Digital Asset Industry – Regulation Incoming?
GOP Sen. Ted Cruz Proposes Ban on a CBDC
22.3.2023
The effort by the Texas senator adds to a similar state-level measure proposed earlier this week by Florida Governor Ron DeSantis
Nigeria's eNaira Wallet Use, Transactions Climb Amid Cash Shortages: Bloomberg
22.3.2023
The number of eNaira wallets has jumped more than 12-fold to 13 million since October
Chinese Employees Pay Social Insurance Fees, Taxes with Digital Yuan – Is CBDC Adoption on the Rise?
22.3.2023
A growing number of Chinese employees and firms can now use the nation’s Central Bank Digital Currency (CBDC) – the digital yuan – to pay their social insurance premiums and taxes.
Per reports from the Chinese media outlets JS China and NH News, citizens in Lianyungang and other cities in...
Nigeria CBDC adoption spikes as fiat currency shortage grip the nation
22.3.2023
The acute cash shortage in Nigeria was due to the central bank’s decision to replace older bank notes with bigger denominations amid rising inflation
US Senator Ted Cruz tries again with new bill to block CBDC
22.3.2023
Ted Cruz said it is “more important than ever” to ensure the financial privacy of American citizens is preserved
‘Crypto FUD’ — Industry outraged as White House report slams crypto
22.3.2023
The report included 35 pages seemingly aimed at debunking the merits of crypto assets
Florida Governor Ron DeSantis Introduces First-in-the-Nation Bill to Prohibit Use of CBDC – Regulation Incoming?
21.3.2023
Central bank digital currencies (CBDCs) will not be coming to Florida any time soon, if Governor Ron DeSantis gets his way.
In a press release, Governor DeSantis said his intention with the bill is to “protect Floridians from the Biden administration’s weaponization of the financial sector through...
India’s Central Bank Seeking Privacy Legislation for Retail CBDC Users
21.3.2023
India's central bank is advocating for legislation that will allow users of its retail central bank digital currency (CBDC) to delete any transactions in order to maintain anonymity
FL Gov. DeSantis Proposes Ban on Central Bank Digital Currency Use as Money
21.3.2023
Governor Ron DeSantis of the U.S. state of Florida has proposed legislation to prohibit the use of central bank digital currency (CBDC) as money in his state. “The Biden administration’s efforts to inject a centralized bank digital currency is about surveillance and control,”...
IMF examines CBDC design in context of Islamic banking, finds some risks magnified
20.3.2023
A central bank digital currency’s liquidity and foreign exchange would work differently Islamic law from what might be expected
Florida Governor Ron DeSantis Proposes Law to Ban CBDCs
20.3.2023
The Biden Administration is currently studying the possibility of introducing a central bank digital currency
Florida gov and US presidential hopeful calls for CBDC ban
20.3.2023
"What the central bank digital currency is all about is surveilling Americans and controlling behavior of Americans," said Ron DeSantis at a 'Big Brother’s Digital Dollar' podium
Russian Parliament Votes on Bill Opening Door for Digital Ruble
18.3.2023
Russian lawmakers have approved a draft law facilitating the implementation of the digital version of the national currency, the ruble. The legislation amends various other acts to introduce definitions and establish procedures related to the launch of the central bank digital currency. Russian...
China’s Fujian Province Has Processed $22bn Worth of Digital Yuan – Are CBDCs Taking Over?
17.3.2023
Residents and firms based in China’s Fujian Province have reportedly processed almost $22 billion worth of digital yuan transactions to date – as the nation’s central bank digital currency (CBDC) continues to gather pace.
The province was added to the CBDC pilot zone last year. And it broke ground...
Today in Crypto: 45% Jump in Payment Fraud Attacks on Crypto Exchanges, Court Rejects Reason to Halt Binance.US’ Acquisition of Voyager, India & UAE Partner on CBDC Plans, Xapo Bank Integrates with the Faster Payment System
16.3.2023
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________...
Read More: Today in Crypto: 45% Jump in Payment Fraud Attacks on Crypto Exchanges, Court Rejects Reason to Halt Binance.US’...