#CBDC News

RFK Jr.: ‘I’m gonna put the entire US budget on blockchain’

thehill.com Independent presidential candidate Robert F. Kennedy Jr. said he wants to put the “U.S. budget on blockchain,” a ledger of transactions typically associated with bitcoin and…

Pro-Crypto Candidate RFK Jr To “Put US Budget On Blockchain”

bitcoinist.com During his latest rally, pro-crypto US candidate Robert F. Kennedy Jr. promised to use blockchain technology to “bring transparency to American citizens” if elected. The…

Robert F. Kennedy Jr Wants to Move US Budget Management to the Blockchain

cryptonews.com Presidential candidate Robert F. Kennedy Jr. is committed to transforming the US budget system by adopting blockchain technology. He revealed his plans during a campaign…

Crypto ETFs Make Great Headlines, But Stablecoins Are Key To Mass Adoption

forbes.com Even as the calendar rolls toward May, and along with that the potential for a decision regarding the future of ether ETFs, crypto investors and advocates would be well…

BRICS To Replace US Dollar With Cryptocurrency for Trade

watcher.guru According to a recent statement from the Chairman of the Russian State Duma Committee on the Financial Market Anatoly Aksakov, the BRICS bloc is working to replace the US…

BRICS: BlackRock Uses Bitcoin as Inflation Hedge as USD Worries

watcher.guru With the BRICS bloc driving a global shift away from the greenback, BlackRock has recently opted to use Bitcoin as an inflation hedge amid concerns with the US dollar.…

Lawmakers stall digital euro bill, leaving future of €1.2bn project uncertain

dlnews.com Lawmakers in the European Parliament have stalled on creating a legal framework for the digital euro, essentially shelving indefinitely the controversial project. The new…

China Opens e-CNY Research Institute, Appoints First Expert Panel

cryptonews.com The e-CNY Research Institute has been inaugurated to support advancements of China’s central bank digital currency (CBDC). According to a recent report by MPayPass,…

US lawmakers’ proposed ban on algorithmic stablecoins draws industry backlash

cryptoslate.com A recent legislative bill introduced by US Senators Cynthia Lummis and Kirsten Gillibrand has drawn the crypto industry’s ire due to a proposed ban on algorithmic…

New Zealand Starts Digital Cash Consultation

coindesk.com The consultation paper asked citizens in the country to respond on digital cash design, whether or not interest should be paid and if there should be holding limits. The…

New Zealand's CBDC roadmap enters design consultation stage

cryptoslate.com The Reserve Bank of New Zealand opened a new consultation period on a central bank digital currency (CBDC) on April 17. The current stage of development seeks input on…

New Zealand Begins Plans To Introduce CBDC

cryptonews.com The Reserve Bank of New Zealand (RBNZ) has begun its public consultation on “Digital Cash,” a proposed central bank digital currency (CBDC), as disclosed in a consultation…

Israeli Official Says Digital Payments ‘Eroded’ the Need for Cash

watcher.guru Amid an ever-changing financial sector, an Israeli Central Bank official has said that digital payments have “eroded” the need for cash. Indeed, Andrew Abir, the deputy…

New Zealand tests the water on ‘digital cash’ issuance

cointelegraph.com New Zealand's central bank has taken a four-stage approach to CBDC issuance and aims to issue an in-house digital dollar by 2023.

New Zealand Launches Consultation On Its CBDC ‘Digital Cash’

coingape.com New Zealand is making waves in the crypto world yet again, this time with its bold step towards launching a Central Bank Digital Currency (CBDC). In a move set to…

Israel’s Central Bank to Roll Out Sandbox for CBDC Experiments

cryptonews.com The Bank of Israel is launching a sandbox environment for testing CBDC use cases, in an effort to refine the design of the digital shekel and ensure its capacity to…

South Korean Central Bank to ‘Speed up’ CBDC Project

cryptonews.com The South Korean Central Bank is set to “speed up” its CBDC project, and will pilot its digital KRW with a group of 100,000 citizens later this year. According to Newsway,…

Israeli central bank official says digital payment methods have ‘eroded’ the role of cash

cryptoslate.com Andrew Abir, deputy governor of the Bank of Israel, recently said that traditional cash was once competitive with other payment methods, but its role has “eroded” because of…

BRICS Supports Cryptocurrency for Global Trade, Not US Dollar

watcher.guru BRICS member Russia is looking to accept cryptocurrencies to settle cross-border trade transactions and not the US dollar. Russia is advocating to receive payments in…

Bank of England Seeks Input on Retail, Wholesale Payments Technology

pymnts.com The Bank of England is studying the use of new technologies to enhance both retail and wholesale payments functionality. While the central bank has been focused on…

‘I'm a Pro-Freedom Candidate’: John Deaton on his Senate Race With Elizabeth Warren

coindesk.com Deaton, who has from Ripple CEO Brad Garlinghouse and Chris Larsen, the company’s co-founder and various members of the crypto community, insists he’s not an “XRP Attorney,”…

Digital Ruble Rollout Will Cost Russian Banks $536m a Year

cryptonews.com Digital ruble rollout plans could cost the Russian banking sector a total of $536 million per year, financial analysts have claimed. Per Forbes Russia, the nation’s retail…

Crypto Owners a Growing Force Heading into 2024 Election: Galaxy Digital

decrypt.co Voters who hold Bitcoin and other cryptocurrencies could have a decisive impact in the upcoming U.S. presidential election, according to the latest market commentary…

Bitcoin is the only way out of feudalism

cryptoslate.com The following is a guest post by Kadan Stadelmann, the CTO of Komodo Blockchain. The US has undergone an immense consolidation of wealth and power in recent years. Americans…

IMF Prepares Financial Revolution

zerohedge.com IMF Prepares Financial Revolution – Say Goodbye To The Dollar Authored by Brandon Smith via The Burning Platform blog, Global reserve currency status allows for amazing…

Can Bitcoin Revolutionize Human Rights Activism in Repressive States? The Human Rights Foundation Weighs In

dailycoin.com Bitcoin’s 2024 uprising has been met with fear by several banking institutions. • The Human Rights Foundation chief explains why BTC is a hazard to dictators. • Alex…

This Week in Web3: Usability, Utility and Oversight

pymnts.com The next iteration of the internet, Web3, has been around for a while now. Meta’s Reality Labs division — the arm of the tech giant that focuses on metaverse, mixed reality…

Chairman of Swiss National Bank Says No Need for CBDCs To Be Issued to Public: Report

dailyhodl.com Thomas Jordan, chairman of the Swiss National Bank (SNB), reportedly believes that the risks of a retail central bank digital currency (CBDC) outweigh the benefits. While…

7 Cryptos to Buy for 100X Gains Before the ‘Supercycle’ Begins

investorplace.com These altcoin gems could skyrocket, but do your own research before diving in As we potentially approach the start of a new “altcoin season” in the next couple of months,…

On the Brink of a Dramatic Change: The Digitalization of Money

bitcoinmagazine.com “What underpins a world order is always the financial system. We are on the brink of a dramatic change where we are about to, and I'll say this boldly, abandon the…

NZ Commerce Minister Calls for Digital Asset Regulation Shake-up

coingape.com New Zealand’s Commerce Minister, Andrew Bayly, has called for a significant overhaul of the country’s digital asset regulation framework. This move comes amidst concerns…

Nigerian Binance Executive Escapes Custody, Deepening Ongoing Feud

bitcoinmagazine.com The below is an excerpt from a recent edition of Bitcoin Magazine Pro, Bitcoin Magazine's premium markets newsletter. To be among the first to receive these insights and…

New Zealand Minister Calls for Overhaul of Digital Asset Regulations

cryptonews.com The Minister of Commerce and Consumer Affairs of New Zealand, Andrew Bayly, has recommended a revamp of the country’s approach to digital asset regulation and the overall…

Crypto scammers ready ‘tools from science fiction’ to fleece investors, warns Hong Kong regulator

dlnews.com For all the cunning we’ve seen in crypto scams, it may be about to get a whole lot worse. That was the message delivered by Christopher Wilson, the executive director of…

Financial Stability Study Calls for Consistent Regulatory Response to Stablecoins

coindesk.com Countries need to make their regulatory frameworks for stablecoins consistent with one another, the Financial Stability Institute (FSI) warned in a report published Tuesday.…

HSBC summit: digital assets market at ‘tidal point’, Hong Kong best placed to drive it forward, bank’s global strategy head says

scmp.com With legal certainty and regulation, the UK-based investment banker said Hong Kong has entered the next phase of development in the digital assets market, which is to…

Hong Kong’s financial ecosystem is robust and resilient, regulators tell HSBC summit

scmp.com That the city’s market has shown its credibility and competence is illustrated by Hong Kong’s deposits expanding by a cumulative 21 per cent in the past five years, he said.…