In a recent development, Florida Governor Ron DeSantis signed a bill purportedly aimed at prohibiting Central Bank Digital Currencies (CBDCs) in the state. However, legal expert Professor Carla Reyes argues that the bill does not effectively prohibit the use of CBDCs in Florida. This discrepancy has sparked a debate surrounding
In a recent development, legal experts expressed worries over Florida’s move to outlaw central bank digital currency (CBDCs), questioning their usefulness and possible damage to the digital asset market. Despite Governor Ron DeSantis’s rhetoric that the restriction safeguards against government overreach and corporate surveillance, legal academics believe the bill fails
Central bank digital currency (CBDC) based offline payments using Samsung Galaxy smartphones and wearables are a potential outcome of a research project jointly undertaken by Samsung and the Bank of Korea. Korean media outlets reported on Monday that Samsung Electronics and the Bank of Korea will collaborate. This would be
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
