Nigerian Central Bank, Real-World Asset Firm Partner to Revive Struggling CBDC

March 9, 2024 Bitcoin.com

Africa

Gluwa, a platform for real-world assets, announced on March 7 its partnership with the Central Bank of Nigeria. The partnership arrangement aims to improve the functionality of the Nigerian central bank’s digital currency and promote financial innovation through blockchain technology. Improving the CBDC’s Utility Gluwa, a real-world assets platform, has entered into a partnership arrangement […]

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The U.S. Federal Reserve Is ‘Nowhere Near’ Recommending or Adopting a CBDC, Says Fed Chair Jerome

March 8, 2024 The Daily Hodl

Altcoins

The U.S. Federal Reserve is not rolling out a Central Bank Digital Currency (CBDC) anytime soon, according to Fed Chair Jerome Powell. During the Senate Committee on Banking, Housing and Urban Affairs hearing earlier this week, Powell discussed the central bank’s stance on a CBDC as the Biden administration urged continued research and evaluation of […]

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Jerome Powell Clarifies: US Far From Introducing a Central Bank Digital Currency

March 8, 2024 Bitcoin.com

bitcoin.com

Federal Reserve Chair Jerome Powell stated before the Senate Committee on Banking, Housing, and Urban Affairs that the United States is far from adopting or even recommending the introduction of a central bank digital currency (CBDC), emphasizing a significant distance from such a possibility. He assured that any potential CBDC would not be designed for […]

Banking Giant Standard Chartered Secures Greenlight To Offer Crypto Custody Services in the European Union

Fed Chair Powell Eases CBDC Concerns: US Far From Direct Fed Accounts, Emphasizes Need for Congressional Approval

March 7, 2024 Bitcoin.com

bitcoin.com

Federal Reserve Chairman Jerome Powell engaged with the Senate Banking Committee, signaling that the U.S. is just beginning to contemplate the introduction of a central bank digital currency (CBDC). Powell Assures No Direct Fed Accounts in CBDC Plans, Seeks Congressional Go-Ahead In his conversation with the Senate Banking Committee, Fed Chair Jerome Powell explored the […]

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CBDC Anti-Surveillance State Act Back in the Senate

February 28, 2024 Bitcoin.com

bitcoin.com

The CBDC Anti-Surveillance State Act has been reintroduced in the Senate with the support of five U.S. senators. “As Americans face the prospect of an increasingly weaponized government, ensuring financial privacy is pivotal,” said one senator who supports the bill. A central bank digital currency (CBDC) “would open the door for the federal government to […]

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Russia Hints at Development of CBDC-Based BRICS Bridge Payments System

February 27, 2024 Bitcoin.com

Anton Siluanov

Russia has proposed the development and implementation of a BRICS-wide payment system that would use central bank digital currencies (CBDCs) to manage trade settlements. The BRICS bridge, as referred to by Russian Finance Minister Anton Siluanov, would address the fragmentation of the current payment system outside the West’s “unfriendly infrastructure.” Russia Hints at Using CBDC […]

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Texas Senator Ted Cruz Launches New Legislation To Ban Central Bank Digital Currencies (CBDCs)

February 27, 2024 The Daily Hodl

Bitcoin

Republican senator Ted Cruz is continuing to press for the US government to ban central bank digital currencies (CBDCs). According to a new press release from Cruz (R-Texas), the Senator is introducing legislation to outright ban CBDCs. According to the release, the legislation is a partisan effort between Sens. Bill Hagerty (R-Tenn.), Rick Scott (R-Fla.), Ted […]

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Fed Governor Discusses Crypto’s Impact on US Dollar Dominance — Says Banks Should Avoid Bitcoin ETFs as Primary Asset

February 18, 2024 Bitcoin.com

bitcoin.com

A Federal Reserve governor has addressed crypto’s impact on the U.S. dollar’s dominance. Additionally, he expressed reservations about the need for a U.S. central bank digital currency (CBDC) and stated his opposition to banks holding bitcoin exchange-traded funds (ETFs) as their primary asset. Fed Governor on Crypto, CBDC, and the U.S. Dollar Federal Reserve Governor […]

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Fed Chair Powell Briefs Lawmakers on US Central Bank Digital Currency Progress

February 15, 2024 Bitcoin.com

bitcoin.com

Federal Reserve Chairman Jerome Powell has provided an update to Congress members regarding the Fed’s central bank digital currency (CBDC) work. “If we’re going to have a CBDC, Congress needs to authorize it,” he stressed. Moreover, the Fed chair reportedly said that a framework for stablecoins is needed. Fed Chair Powell on US CBDC and […]

Banking Giant Standard Chartered Secures Greenlight To Offer Crypto Custody Services in the European Union

Philippines to Develop Blockchainless Wholesale CBDC in Two Years

February 14, 2024 Bitcoin.com

bitcoin.com

The Central Bank of the Philippines will develop a central bank digital currency (CBDC) in the next two years, according to Governor Eli Remolona Jr. The still unnamed CBDC will focus on the wholesale market and won’t use blockchain tech, instead relying on the Philippine Payment and Settlement System, owned and operated by the central […]

CBDC

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