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 … Read more
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 … Read more
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 … Read more
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 … Read more
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 … Read more
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. … Read more
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 … Read more
As part of a plan that seeks to adapt to the new forms of digital payment that are emerging in the world, the board of directors of the International Air Transport Association (IATA) announced the integration of digital currencies in its financial settlement systems. As reported a statement from the Association, made up of 330 … Read more
The Indian government is considering banning cryptocurrencies such as bitcoin (BTC) and ether (ETH), according to sources from institutions and regulators in that South Asian country. The main reason is that Central Bank Digital Currencies (CBDC) can offer “similar advantages” in profit transfers, but without the “risks” associated with cryptocurrencies. According to sources close to … Read more
Key facts: Politicians and banks around the world are being called upon to do more to increase CBDC adoption. The proposal includes offering profits and even making their use mandatory through new laws. By implementing a series of strategies aimed at preventing people from rejecting central bank digital currencies (CBDC), the International Monetary Fund has … Read more