Senator Ted Cruz Proposes Legislation to Prevent Federal Reserve from Creating Central Bank Digital Currency Introduction: Senator Ted Cruz (R-Texas) recently presented a bill to prohibit the Federal Reserve System from developing a direct-to-consumer central bank digital currency (CBDC), effectively…
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Florida Governor Moves to Ban CBDC(Central Bank Digital Currency) in the State
Gov. Ron DeSantis Calls for Legislation to Protect Privacy and Foster Financial Innovation with CBDC Ban in the state of Florida Florida Governor Proposes CBDC Ban Florida Governor Ron DeSantis has called on lawmakers to pass legislation that would ban…
Is CBDC Better than Crypto?
Crypto was once dismissed as a fad, and It was even labeled as magic internet money by skeptics. The government and central banks started to notice when users started to pump billions and even trillions of US dollars into the…
WeChat Now Accepts China’s Central Bank Digital Currency(CBDC) Payments
China’s central bank digital currency (CBDC) continues to gain traction as the country’s leading social media platform, WeChat, has started accepting CBDC payments. This move is seen as a major milestone in the adoption of CBDCs, as WeChat has over…
Reserve Bank of Australia Takes a Step Closer to CBDC with eAUD Pilot Phase
The Reserve Bank of Australia (RBA) has announced plans to launch a pilot program for a central bank digital currency (CBDC), which will be led by former Ripple executive, Dilip Rao, and in collaboration with the Digital Finance Cooperative Research…
Kazakhstan’s Central Bank In Push For a Phased CBDC Rollout between 2023-25
Kazakhstan, the world’s third-largest Bitcoin mining hub after the United States and China, is launching its own Central Bank Digital Currency (CBDC) the digital tenge. The National Bank of Kazakhstan revealed this after the second phase of testing was finished.…
Nigerians Love Crypto But Not their Country’s CBDC
Nigeria’s central bank digital currency (CBDC) is not being well received by the country’s knowledgeable crypto community. Only 0.5% Use the eNaira A year after its introduction, the government-issued digital currency, the eNaira, is only being used by less than…
Central Banks are keen on issuing a Blockchain-based National Digital Currencies (CBDC)
It’s 2022, and it’s no longer a secret that central banks across the globe have taken into account the rise of cryptocurrencies and blockchain technology. A number of banks are keen to experiment with distributed ledger technology (DLT) in the…
Zimbabwe Pushing On With CBDC Plans, Draws Lessons From Nigeria
Despite the country’s waning interest in cryptocurrency, Zimbabwe does not appear to be ready to abandon its cryptocurrency aspirations, according to sources. Not only is Zimbabwe not giving up, but it is also taking notes from Nigeria when it comes…
Japan Credit Bureau to Test CBDC for Payment Settlement
Japan Credit Bureau (JCB) has introduced its digital currency before Japan issues a CBDC. CBDC Tested Using Current Payments Infrastructure According to JCB’s projection, the adoption of CBDCs may be constrained in the future if older people and small children…
High Stakes Trial of Avi Eisenberg Involves Alleged 110 Million Dollar Theft from Mango Markets Crypto Exchange
In the high-stakes trial of Avi Eisenberg, a 28-year-old trader, federal jurors in New York…
Bitcoin’s Long-Term Investors Now Possess More Than 76% of All BTC for the First Time. Details below
In the ever-fluctuating world of cryptocurrencies, Bitcoin, affectionately known as BTC, is currently undergoing a…
