North Carolina governor vetoes CBDC ban bill, calling it premature

Roy Cooper, the governor of North Carolina, struck off a bill that would have banned the state from receiving payments in U.S. Federal Reserve-issued central bank digital currency (CBDC) on June 5. House Bill No. 690 would have also restricted the state from participating in any CBDC testing by the Federal Reserve. In a statement, […]

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The UK could be the first country to design CBDCs to help people, not banks

Last night’s landslide victory of the UK’s Labour Party in the general election saw little to no mention of Bitcoin, blockchain, or digital assets. Leading up to the election, the party’s manifesto remained silent on crypto or Bitcoin at a time when the topic is becoming increasingly prevalent in the US election race. However, Labour’s […]

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Senator Hagerty says loving Bitcoin is in every Americans DNA praises Trumps stance

US Senator Bill Hagerty passionately advocated for Bitcoin and the principles of decentralization during his speech at the Bitcoin2024 conference, highlighting the alignment of these values with American ideals of liberty and autonomy. Hagerty said during his appearance at the Bitcoin2024 conference on July 26 that the flagship crypto represents the fundamental principles of freedom […]

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Putin warns of power shortages from Bitcoin mining, calls for expansion of CBDC

Russian President Vladimir Putin warned that crypto mining could lead to significant power shortages in some regions of the country while calling for an expansion of its central bank digital currency (CBDC), the digital rouble, in a July 17 meeting. Putin said that Bitcoin and other crypto mining facilities’ uncontrolled electricity consumption is already causing power […]

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Thailand to launch $12.4 billion digital cash scheme to boost local economy

Thailand is set to roll out what was initially a controversial $13.8 billion digital cash handout program to stimulate its sluggish economy. Prime Minister Srettha Thavisin announced that eligible businesses and individuals could register for the program, dubbed the “Digital Wallet,” starting August 1, per AP News. Originally announced in April, the plan aims to […]

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Ignoring quantum threats in CBDC design is reckless

The real threat of a CBDC lies in quantum computing vulnerabilities. Developing a quantum-resistant design should be a priority for the United States.

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Bahamians didn't want CBDCs So now they're being forced to use them

Regulators in the Bahamas are sick of their citizens' reluctance to adopt a CBDC, so they're forcing commercial banks to get on board.

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Bahamas to provide CBDC access via commercial banks

The Bahamas will provide access to its central bank digital currency (CDBC) the “Sand Dollar” through commercial banks to increase adoption, Reuters reported on July 1, citing the country’s central bank governor. Governor of the Central Bank of The Bahamas John Rolle said the country intends to establish the regulations within two years and has […]

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Russian official says international CBDC payments will be the norm within 5 years

Central bank digital currencies (CBDCs) are expected to become widespread and will be used for international payments as a norm within the next five years, according to Anatoly Aksakov, Chairman of the Russian State Duma’s Financial Markets Committee. Aksakov made the remarks during an interview at the St. Petersburg International Economic Forum (SPIEF). He noted […]

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Hong Kong Monetary Authority's Project mBridge Achieves MVP Milestone

Project mBridge reaches MVP stage, exploring CBDCs for cross-border payments. (Read More)

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France, Hong Kong regulators sign MOU to explore wholesale CBDCs, tokenization

The Banque de France (BDF) and the Hong Kong Monetary Authority (HKMA) announced a collaboration focusing on wholesale central bank digital currencies (CBDCs) and the tokenization of financial assets. According to the press release, the partnership marks a significant milestone in promoting financial innovation and enhancing interoperability in digital currencies. The HKMA’s participation in the […]

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Naresh Nagia of Deloitte Discusses Tokenization and Financial Disruption

Naresh Nagia of Deloitte explores the impact of tokenization, DLT, and CBDCs on traditional banking in episode 117 of the Public Key podcast. (Read More)

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CBDCs could boost financial inclusion, ease cross-border payments in the Middle East, IMF says

Central Bank Digital Currencies (CBDCs) could enhance financial inclusion in the Middle East and improve cross-border payments, according to a survey by the International Monetary Fund (IMF). The regulator pointed out that about two-thirds of Middle Eastern countries are exploring these national digital currencies, with 19 still in the research phase. However, some countries, such […]

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How did we lose control of our currencies?

The following is a guest post by Phillip Alexeev, Chief Growth Officer at CrossFi. Over the centuries, the evolution of currency has defined the human experience. From primitive bartering systems to establishing standardized coins and paper money, currencies have been critical in organizing and advancing societies. However, recent decades have seen many areas of the […]

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BIS reveals almost every major central bank is interested in wholesale CBDCs

The Bank for International Settlements (BIS) said its recent survey of central banks revealed that 94% of them globally are now engaged in exploring central bank digital currencies (CBDCs) reflecting a sharp increase in experiments and pilots, especially with wholesale CBDCs. The findings detailed in a report titled “Embracing Diversity, Advancing Together” […]

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BIS inaugurates Toronto Innovation Centre with Bank of Canada

Bank of Canada Governor Tiff Macklem said that as finance evolves, the industry must innovate and apply new skills, allowing Canadians to benefit from advancements.

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CBDCs' threat to freedom put under the microscope at Oslo conference

Attendees of the 2024 Oslo Freedom Forum were united in addressing the threat that central bank digital currencies (CBDCs) pose to freedom around the globe.

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Worlds largest bank ICBC praises the evolution of Bitcoin, Ethereum as innovative financial assets

The world’s largest lender, Industrial and Commercial Bank of China (ICBC), recently published an in-depth analysis highlighting the rapid evolution and growing diversity in digital currencies, where it compared Bitcoin to gold and deemed Ethereum “digital oil.” The report emphasizes the human capacity for imaginative belief, as noted by historian Yuval Noah Harari, as a […]

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CBDCs, stablecoins must ensure liberty-based values former CFTC chair

J. Christian Giancarlo has stressed the importance of upholding values of liberty, privacy and economic freedom in a keynote address in London.

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HKMA Forms "Project Ensemble Architecture Community" to Shape Tokenization Standards

The Hong Kong Monetary Authority has established the "Project Ensemble Architecture Community" to promote interoperability among WCCBDCs and tokenized assets, aiming for seamless interbank settlement. (Read More)

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