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Redefining Money: America’s digital currency dilemma
21.9.2023
As the United States House Financial Services Committee looks to further impede the introduction of a digital dollar, where does this resistance to a CBDC stem from?
US Anti-CBDC bill moves a step closer to passing
21.9.2023
The “CBDC Anti-Surveillance State Act,” aimed at preventing the Federal Reserve from issuing a central bank digital currency, has passed the House Financial Services Committee
US House Committee Passes Bill to Block Digital Dollar Launch
21.9.2023
A bill designed to block the potential launch of a US central bank digital currency (CBDC) has progressed to the floor of the US House of Representatives following the house committee approval on Wednesday.
The bill, spearheaded by Republicans within the House Financial Services Committee,...
Russia Survey: 90% Don’t Want to Be Paid in Digital Rubles – CBDC Setback?
21.9.2023
Most citizens in Western Russia say they do not want to get paid in digital rubles, dealing a further blow to the Central Bank’s CBDC plans.
Per the media outlet Lipetsk News, the recruitment agency HH conducted a digital ruble-themed survey of job seekers in the key Lipetsk Oblast in Western...
International financial group finds gaps in digital euro legislative package
20.9.2023
The Institute of International Finance looked at seven areas where digital euro legislation, which is being developed alongside the technology, is lacking
Maxine Waters Slams Republican Bill Hindering U.S. Progress on CBDC
20.9.2023
The U.S. House Financial Services Committee is currently a battleground for discussions concerning the possible launch of a Central Bank Digital Currency (CBDC) by the Federal Reserve.
Today, Maxine Waters, a Democratic representative from California, sharply criticized a bill reintroduced...
US Democrats speak up for CBDC global leadership, Republicans fear ‘dark side’
20.9.2023
Despite approaching the issue from vastly different angles, the two sides were able to agree on a few basics before the committee recessed
U.S. CBDC Efforts Opposed in Legislation Advanced by House Republicans
20.9.2023
A crypto-related bill meant to stifle a future U.S. central bank digital currency is now heading toward consideration on the floor of the U.S. House of Representatives after committee approval Wednesday, marking further progress for digital assets legislation in Congress
Russia to ‘Integrate’ Digital Ruble With Tax Code – Moscow Forges Ahead with CBDC
20.9.2023
Russia is set to “integrate” its CBDC, the digital ruble, into its tax system, with legislation set to roll out before the year’s end.
Per Prime, the State Duma’s Committee on Budgets and Taxes has approved a private member’s bill that seeks to amend the Tax Code.
The amendment will allow...
Shenzhen, China, Prepares Fresh CBDC Giveaway
19.9.2023
Shenzhen, China, is readying a new digital yuan giveaway as the city looks to showcase the CBDC at a range of upcoming sporting events.
Per Shanghai Securities News, the city is set to hand out e-CNY tokens to some 50,000 citizens as part of its latest adoption drive.
The coins will...
Bank of Russia Governor Elvira Nabiullina: ‘Cash Is Not Going Away’
19.9.2023
Elvira Nabiullina, Governor of the Bank of Russia, talked about the future of cash in the context of the digital ruble pilot currently being executed in the country. Nabiullina explained that physical money was not disappearing and that the future implementation of the digital ruble was directed...
Russian Central Bank: Digital Ruble ‘Doesn’t Use Biometric Data’
19.9.2023
The Russian Central Bank says that its CBDC, the digital ruble, “has nothing to do with” state efforts to collect biometric data.
The bank began piloting its CBDC just over a month ago in 11 cities nationwide.
Russian MPs last year voted in a law that allows banks and state agencies to collect...
SEC accuses Binance of noncooperation, court unseals case documents: Law Decoded
18.9.2023
The legal struggle between the SEC and Binance.US continues, with the company hitting new lows in trading volume
Kazakhstan Sets Up National Payment Corporation To Lead CBDC Efforts
18.9.2023
The National Bank of Kazakhstan (NBK) has unveiled the National Payment Corporation (NPC), a body charged with the implementation of digital financial infrastructure and the digital tenge.
According to an official press release on Sept 15, the NPC will oversee efforts at rolling out the county’s...
Kazakhstan establishes regulatory agency to implement CBDC
18.9.2023
The National Payment Corporation will be responsible for the development of “digital financial infrastructure”, including the implementation of the digital tenge
US House Financial Services Committee Advances Bill to Block Digital Dollar Launch
18.9.2023
The United States House Financial Services Committee is going forward with the legislative measures aimed at controlling the issuance of a digital dollar.
Chairman Patrick McHenry recently announced that the Committee has scheduled a markup session for two crucial bills related to the potential...
US lawmakers advance legislation blocking the digital dollar
17.9.2023
On Sep. 20 the House Financial Services Committee will mark up two bills blocking a potential digital dollar in the United States
American Bankers Association States a CBDC Is ‘Unnecessary’ and Presents ‘Unacceptable Risks’ to the US Financial System
16.9.2023
The American Bankers Association (ABA), an organization that represents banks custodying $18 trillion in deposits and processing $11 trillion in loans, believes that issuing a central bank digital currency (CBDC) in the U.S. is “unnecessary” and would introduce “unacceptable...
Republicans Introduce Bills to Halt CBDC Implementation
15.9.2023
Lawmakers for the House Financial Services Committee (HFSC) introduced three bills on Thursday aimed at curbing the Federal Reserve's potential foray into the world of CBDCs.
The trio of bills rekindled prior Republican efforts to explicitly restrict the Federal Reserve from issuing a digital...
Swift Collaborates with Three Central Banks to Pilot CBDC Interoperability
15.9.2023
Swift has partnered with three central banks to conduct beta testing of its central bank digital currency (CBDC) connector solution in an effort to advance cross-border payments using CBDCs.
In a recent press release, the global financial messaging network said that the Hong Kong Monetary...