Your Daily Digest of Global Stories
Ripple will not have the dollar, world reserve currency, in its CBDCS network. CBDC are not dead: Europe still believes in them. Yesterday, January 23, an executive order of the president of the United States announced the complete prohibition of the CBDC and the immediate termination of all the activities already initiated related to them….
In the midst of the boom that has emerged after President Donald Trump signed an executive order that, among other things, prohibits the development of a central bank digital currency (CBDC) in the United States, the European Union (EU) responded to the new president, emphasizing the “need” for a digital euro. A member of the…
Ripple will not have the dollar, world reserve currency, in its CBDCS network. CBDC are not dead: Europe still believes in them. Yesterday, January 23, an executive order of the president of the United States announced the complete prohibition of the CBDC and the immediate termination of all the activities already initiated related to them….
The ban is part of an order that seeks to stop the persecution of the cryptocurrency industry. It also decriminalizes the creation of software, mining and self-custody of cryptocurrencies. According to an executive order issued by the White House on January 23, 2024 called “Strengthening American leadership in digital financial technology,” central bank digital currencies…
After sharing similar lines of action, the future of the financial system of the United States and Europe seems to be taking divergent paths starting in 2024. Well, while the North American country sets its eye on the development of the cryptocurrency industry, the The European Union is advancing in the development of a central…
Russia’s Ministry of Industry and Trade has suggested a two-year transition period for the retail sector to adapt to the implementation of the digital ruble, the central bank digital currency or CBDC that is under development in that country. This proposal arises from a draft law presented by the Financial Market Committee of the State…
Users who hold EURT have one year to redeem their funds. The decision aligns with the MiCA Law, which regulates stablecoins in the EU. Tether, the company behind the world’s largest stablecoin, USDT, announced that it has suspended support for EURT, its euro-based stablecoin. In a release published this Wednesday, November 27, they reported that…
Yao Qian, recognized as the main driver of the digital yuan, was recently accused of using his regulatory influence to benefit technology companies in exchange for bribes. As a result, Qian, who was also the head of the technological supervision area of the China Securities Regulatory Commission, was expelled from the Communist Party and public…
Both agree that CBDCs will not be allowed during their respective administration. At the moment, Trump is more bitcoin friendly than Milei. This article was written by Iñaki Apezteguia. Apezteguia is a specialist in cryptocurrencies and fundamental market analysis. He is currently co-founder of Crossing Capitalcarrying out global representation and crypto research for operating strategy….
Only around 2% of Norwegians use cash, which would make them vulnerable to CBDCs. The Norwegian government has urged the use of banknotes and coins in commercial premises. Payments committee advising Norwegian politicians recommends not rushing central bank digital currencies (CBDCs). According to his assessment, there is, to begin with, no clear consensus on whether…
