Draft U.S. Stablecoin Bill Shows Major Difference Between Stablecoins and CBDCs
[Apr 17, 2023 11:44 AM]
5 / 5 Relevant items tagged with #Cbdcs
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Who Really Benefits From CBDCs? It’s Not the Public
[Apr 17, 2023 10:43 AM] The only people benefitting from central bank digital currencies are lobbyists, tech companies and, yes, central banks, say the Cato Institute’s Nicholas Anthony and Norbert Michel.
CBDC Debate Heats Up: BIS Project Sparks Controversy Among Critics; Lynette Zang Warns of Dangers of CBDCs
[Apr 16, 2023 1:30 PM] During the weekend, discussions about central bank digital currencies, or CBDCs, trended on social media as many people believe the idea will result in increased financial surveillance and a totalitarian monetary system. In a recent interview…
G-7 Will Focus on Helping Developing Nations Introduce CBDCs
[Apr 12, 2023 12:34 AM] The Group of Seven (G-7) advanced nations will prioritize considering how it can better help developing countries introduce their central bank digital currencies (CBDCs).
US Presidential Candidate RFK Jr. Says Bitcoin Provides An ‘Escape Route’ From Financial Turmoil
[Apr 11, 2023 8:00 AM] On Monday, Robert F. Kennedy Jr. once again cautioned the public to be wary of central bank digital currencies (CBDCs), and he insisted that the Biden administration has launched a “steady barrage of hostile broadsides against…
Dollar to Play Lesser Role Due to Its Weaponization, Digital Currencies, Economist Jeffrey Sachs Says
[Apr 9, 2023 11:30 PM] Within the next decade, the U.S. dollar will play a much less dominant role than it is today, according to Jeffrey Sachs. The renowned economist listed a few factors for the diminishing status of the greenback such as its use as a political weapon…
Bank of England Targets 30-Strong Team for Digital Currency: Report
[Apr 9, 2023 6:34 AM] Among the positions available: Digital Pound Security Architect and Digital Pound Solutions Architect.
DeSantis is right — CBDCs will lead to absolute government control
[Apr 6, 2023 3:41 PM] From China to Canada, it’s clear that governments around the world are salivating at the prospect of introducing currencies they can manipulate hassle-free.
Citi Analyst: CBDCs Will Be a ‘Trojan Horse’ for Blockchain Adoption
[Apr 5, 2023 10:29 AM] Future of Finance Global Head Ronit Ghose says the adoption of blockchain technology will be driven by CBDCs, digital securities and endgame tokens.
USDC's Depeg Laid Bare the Risks Traditional Finance Poses to Stablecoins
[Apr 2, 2023 8:16 AM] A Moody's analyst examines how the recent banking crisis spilled into crypto, and why alternatives to stablecoins like tokenized bank deposits and CBDCs may be needed to prevent contagion.
Japan's Finance Ministry to Explore Digital Yen Feasibility: Report
[Mar 30, 2023 2:54 AM] The ministry plans to launch an expert panel next month to explore the feasibility of a central bank digital currency.
Former CFTC Chair Giancarlo: A Privacy-Protecting U.S. CBDC Could ‘Take Over the World’
[Mar 27, 2023 1:28 PM] If the U.S. were to design a digital dollar that protects the privacy of its users and is free of surveillance tools, it could reach mass adoption, the Digital Dollar Project co-founder said.
India’s Central Bank Seeking Privacy Legislation for Retail CBDC Users
[Mar 21, 2023 7:26 AM] India's central bank is advocating for legislation that will allow users of its retail central bank digital currency (CBDC) to delete any transactions in order to maintain anonymity.
Federal Reserve confirms July launch for FedNow instant payment service
[Mar 15, 2023 9:08 PM] The Fed Now service aims to reduce the gap in payment time between US financial institutions.
US Treasury and White House to Hold Regular Meetings on CBDCs and Payment Innovations
[Mar 2, 2023 9:30 AM] On March 1, 2023, Nellie Liang, undersecretary for domestic finance at the U.S. Treasury, delivered a speech to the Atlantic Council in Washington concerning the subject of central bank digital currencies (CBDCs). Liang detailed during her speech…
Expert Predicts Looming Economic Collapse as BRICS Nations Unite Against the Dollar
[Feb 20, 2023 3:00 PM] Andy Schectman, CEO of Miles Franklin Precious Metals Investments, explained in a recent interview that the five leading emerging economies—Brazil, Russia, India, China, and South Africa, collectively known as BRICS nations—are “coalescing…
UK Think Tank Opposes Bank Of England’s CBDCs
[Feb 15, 2023 7:30 AM] The UK Tax Reform Council, a non-profit organization, recently opposed the Bank of England’s move to create CBDCs. According to the council, this move will not profit the masses, as the government will get more rights over individuals’…
Building On Human Ingenuity, Bitcoiners Are Fixing The Fragmented World
[Feb 14, 2023 7:00 AM] While global elites tout financial surveillance through CBDCs, Bitcoiners are demonstrating the human goodwill made possible through self sovereignty.This is an opinion editorial by Nozomi Hayase, Ph.D., who has a background in psychology and human…
Analyst Warns of Banks’ Authority to Confiscate Funds, Decline of US Dollar Purchasing Power
[Feb 9, 2023 2:30 PM] According to Lynette Zang, chief market analyst at ITM Trading, U.S. banks have the legal authority to confiscate people’s funds due to legislation passed by Congress. In a recent interview, Zang discussed how the purchasing power of the U.S…
China-backed Blockchain Project Proposes SWIFT Alternative for Stablecoins and CBDCs
[Jan 23, 2023 3:30 AM] The company developing China’s blockchain network wants to create a system for international settlements with stablecoins and state-issued digital currencies. The plan is to establish a platform facilitating the use of these two fiat-based…
Bank of America: ‘Digital Currencies Appear Inevitable’
Aussie 'Big 4' bank mints stablecoin for carbon trading and remittances
[Jan 18, 2023 11:04 PM] This marks the second "Big 4" bank in Australia to launch an Australian-dollar pegged stablecoin in a bid to boost the digital economy.
Bank of Russia Outlines Payment Models With Digital Ruble, Other CBDCs
[Jan 11, 2023 2:30 AM] The Central Bank of Russia has detailed two methods for implementing the digital ruble and other state-backed coins in international settlements. The monetary authority also plans to start testing consumer-to-business (C2B) operations in the first…
China’s Digital Yuan Little Used, Former Central Bank Official Says
[Dec 31, 2022 8:30 AM] Trials of the digital yuan have produced disappointing results, according to a report quoting the former head of research at the Chinese central bank. The new form of national fiat has brought no benefits to the banks and should expand beyond being…
India’s Central Bank Chief: Cryptocurrencies Will Cause Next Financial Crisis if They’re Not Banned
Crypto could spark the next financial crisis, says India’s RBI head
[Dec 21, 2022 8:10 PM] Reserve Bank of India Governor Shaktikanta Das warned that if crypto becomes regulated and is allowed to grow, it could cause the next financial meltdown.
Nigeria Pushes CBDC Usage With New ATM Cash Withdrawal Limits
[Dec 7, 2022 8:48 AM] The Nigerian government has imposed new restrictions on ATM withdrawals in an effort to increase usage of the eNaira.The Nigerian government has placed new restrictions and limits on the amount of cash citizens are able to withdraw from ATMs. The…