CBDC

In a letter, members of the House Financial Services Committee inquired about the Fed's rationale for issuing a CBDC and inquired if the Fed would require an "explicit statute" from Congress to issue a digital currency.Before the…
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Cryptocurrencies have been more popular throughout the globe, and their decentralised structure has been cited as a way to gain greater independence from political control.Yanis Varoufakis, a former Greek Finance Minister, spoke with…
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A "strong supervisory and regulatory framework" for digital assets was also recommended by the International Monetary Fund (IMF) in the Bahamas.According to the International Monetary Fund IMF, the Bahamas' central bank digital…
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Central banks in 73 of the 81 countries studied are working to implement their own CBDC, according to the research.The Bank of International Settlements (BIS) estimates that nine out of 10 central banks are looking into the possibility…
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According to the organization, central bank digital currencies will significantly help cross-border commerce and economies.Stablecoins provide many of the same advantages as CBDCs but without the government-issued currency's…
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Cruz backs a plan that would keep the United States off "an evil road analogous to China's."Senator Ted Cruz of Texas submitted companion legislation to Minnesota Representative Tom Emmer's bill prohibiting the Federal Reserve from…
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Canada's central bank announced year-long cooperation with MIT on CBDC research.The Bank of Canada will conduct research on central bank digital currencies in collaboration with MIT's Digital Currency Initiative (DCI) (CDBCs).…
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According to a report from Israel-based news outlet Globes, the Capital Markets, Insurance and Savings Authority as the regulator responsible for maintaining licences for crypto companies has never received an application from Binance,…
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Reserve Bank of India Deputy Governor T. Rabi Sankar likened the cryptocurrency to Ponzi schemes and said it was "highly appropriate" for the Indian government to ban and not regulate them.
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Bank of America says stablecoin adoption and CBDC is ‘inevitable’. Read this full report
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