CBDC
China’s Most Prominent Pro-Blockchain Official Undergoes Investigation
According to reports, the Chinese government is investigating its most pro-blockchain official, Yao Qian, for suspected law violations. Although the specific reasons behind the investigation are yet to be known,...
Cantor Fitzgerald CEO Advocates for Stablecoins and Asset Tokenization
Cantor Fitzgerald LP’s CEO is bullish on asset tokenization and stablecoins. Howard Lutnick believes that stablecoins can benefit the US economy. Lutnick also voiced concerns about central bank digital currencies...
The UAE Partners With G42 Cloud and R3 to Launch a National CBDC Strategy
The Central Bank of the UAE (CBUAE) has commenced the implementation of the CBUAE Central Bank Digital Currency (CBDC) Strategy. The bank launched the program with G42 Cloud and R3...
The Future of Money? Central Bank Digital Currencies on the Rise
A recent study by the Atlantic Council found that 134 countries, representing 98% of the global economy, are exploring digital versions of their currencies. Over half of these countries are...
Trump Slams Proposed Central Bank Digital Currency in Recent Speech
Trump challenges CBDC implementation, stressing risks to financial freedom and fear of increased government control. Despite past skepticism, Trump’s significant investment in cryptocurrencies suggests a changing perspective on digital assets....
ECB President’s Son Loses 60% Of His Crypto Investments: Report
The ECB President Christine Lagarde revealed that her son has lost about 60% of his investments in cryptocurrencies. Lagarde asserted that though her son disregarded his warnings against crypto, he...
Georgia National Bank Picks Ripple as CBDC Tech Partner Out of 9 Firms
The San Francisco-based blockchain technology firm Ripple has become the official technology partner for the central bank digital currency (CBDC) project to be unfolded in the Republic of Georgia. Antony...
Banks in India Introduce Incentives To Boost E-Rupee Transactions
Banks in India are pooling efforts to boost the popularity and use of the e-rupee, a central bank digital currency launched by the Reserve Bank of India, a local news...
BIS Unveils Platform to Help Central Banks Track Bitcoin: Report
The Bank for International Settlements (BIS) – a global central bank that serves other central banks – has designed a system to help authorities track Bitcoin trading activities across the...
Rich Dad Poor Dad Author Warns of Fed CBDC, Asks to Take Measures
Robert Kiyosaki, author of “Rich Dad, Poor Dad,” warns about the development of a US central bank digital currency (CBDC) by the Federal Reserve. Kiyosaki advocates for alternative assets such...
Bank Of International Settlements’ GM Calls For Legal CBDC Framework
Earlier today, Agustin Carstens, the general manager of the Bank for International Settlements (BIS) stated that all nations should establish legal facilities that facilitate the implementation of central bank digital...
House Committee Approves “Anti-CBDC” Bill to Protect “American Liberty”
The House Financial Services Committee recently approved a bill to prevent American central banks from issuing central bank digital currencies (CBDC). House Majority Whip Tom Emmer introduced the Central Bank...
CBDC’s Privacy Emphasized in Israel, Questioned in England
In two different parts of the world, the digital currency landscape is under scrutiny due to concerns surrounding user privacy. While Israel’s central bank contemplates a digital shekel, emphasizing privacy...
Ripple Leads the Blockchain Space With the Ripple CBDC Platform
The prominent American tech company Ripple Labs has been making waves in the world of blockchain since May 2023, with its introduction of the Ripple CBDC Platform. In a remarkable...
XRP Grows in Prominence as BRICS Nations Look to Ditch the US Dollar
XRP, the fifth-largest cryptocurrency in the world, has seen renewed interest following the BRICS nations’ decision to ditch the US dollar for alternative payment systems. Crypto analyst A Chain of...
Australia’s Central Bank Unveils ETH-Based CBDC Pilot Program
The Australian Central Bank recently announced a central bank digital currency (CBDC) pilot program based on the Ethereum blockchain. The new CBDC being tested by the Reserve Bank of Australia...
XRP Holders Defensive About Ripple’s CBDC Work: Congressman
In a Twitter post from earlier today, American politician and former military officer Warren Davidson claimed XRP holders were extremely defensive about Ripple’s work on Central Bank Digital Currency (CBDC)....
Canadians Show Reluctance to Embrace CBDC at Scale: Bank of Canada
A recent staff discussion paper released by the Bank of Canada sheds light on how Canadians view the idea of a Central Bank Digital Currency (CBDC) as a solution for...
Nigeria Declares Binance ‘Illegal’ in the Country, Warns Public on Crypto
Nigeria’s SEC declares Binance’s operations illegal in the country, along with other unregistered crypto platforms. The SEC issues a notice ordering all crypto platform providers to cease soliciting Nigerian citizens....
China’s Digital Yuan ‘e-CNY’ Close to $250 Billion Milestone
Transactions using China’s digital currency hit almost $250 billion at the end of June. Dr. Yi Gang, President of China Society for Finance and Banking, spoke at a lecture organized...
US Presidential Candidate Ron DeSantis Vows to Ban CBDC ‘On Day One’
US Presidential candidate Ron DeSantis has declared his intention to ban central bank digital currencies (CBDC) in the United States on his first day in office if elected in 2024....
Crypto Skeptic Raises Arguments Against the Creation of CBDCs
John Reed Stark, a former SEC official, and crypto skeptic, grabbed the attention of his 22.8k followers on Twitter, sharing insights on Central Bank Digital Currencies (CBDCs). Stark commented that...
Ripple Debunks 5 Common Crypto Myths, Stressing Real-world Utility
Ripple proactively addresses and debunks common crypto myths. The firm promotes a better understanding of crypto potential in the real-world. Major brands like PayPal and Visa already embrace crypto. Recently,...
Study Shows 98% of Global Economy are Exploring CBDC Versions
All the G20 countries except Argentina are developing a Central Bank Digital Currency, CBDC. That marks the growing trend of CBDC development among most nations. According to research by the...
India’s Central Bank Targets One Million Digital Rupee Users in June
In a press conference, the Deputy Governor of the Reserve Bank of India (RBI), T Rabi Shankar shared the RBI’s ambitious target of reaching one million users for its central...
