Florida Governor Ron DeSantis signed legislation prohibiting the use of Central Bank Digital Currencies (CBDCs) in the state without legislative approval. Because the federal government is considering issuing a CBDC, which, according to its detractors, would grant it unprecedented power over citizens’ financial activity, this is particularly timely. The new
On May 12, Texas announced that they were introducing a bill to ban the Central Bank Digital Currency (CBDC) in their state by the 88th legislature. According to the draftees, CBDC is a bad idea. A Central Bank Digital Currency is the digital form of a country’s fiat currency. CBDC
The North Carolina House of Representatives has passed a bill, “HB690,” that prohibits individuals from using central bank digital currencies (CBDCs) to make payments to the state. The legislation also prohibits the Federal Reserve from using North Carolina as a potential testing ground for its own CBDC pilot. The bill
Ripple has its own cryptocurrency token named XRP. A recent study proclaimed that Ripple topped among the other 15 established competitors for Central Bank Digital Currencies (CBDC). @Ripple was ranked number one and an established leader for #CBDC (from 15 vendors)👍 In a recent report from @juniperresearch highlighting the significant
Ron DeSantis, the 46th governor of Florida, as said before, pledges to ban the Central Bank Digital Currencies (CBDC) in Florida. Furthermore, he also states the reason as the government isn’t satisfied with cryptocurrencies since it has no authority to control or surveillance. Floridian Governor Bans Crypto On March 20,
On Wednesday, India and the UK discussed current affairs around crypto assets and emphasized the need for strong international strategies to address the risks involved. Participants from both countries provided updates on recent changes in their respective banking sectors at the second India-UK Financial Markets Dialogue, discussing banking trends and
According to a British lawmaker, the UK could implement regulations governing digital assets within the next 12 months. The economic secretary to the U.K. Treasury, Andrew Griffith, stated in an interview with CNBC on April 17 that the long-term goal is to “let firms make the most of the opportunities
The widespread use of the stablecoin scenario led to Israel’s central bank keeping an eye on Central Bank Digital Currency (CBDC) development. The Bank of Israel (BOI) says it is creating an action plan for the potential issuance of a CBDC, a “Digital Shekel known as SHAKED.” But the report
Andrew Bailey, the Governor of the Bank of England (BoE) commented that the Stablecoins should be regulated just like commercial bank money and Central Bank Digital Currency (CBDC) won’t be ruled away. This is termed with respect to the country that has started exploring digital pound issuance. Bailey said that
The Central Bank of Montenegro (CBCG) has agreed to work with cryptocurrency and blockchain solutions provider Ripple to create a plan and pilot project to introduce the nation’s first digital currency in the form of a Central Bank Digital Currency (CBDC) or national stablecoin. Montenegrin Prime Minister Dritan Abazovic first
