central bank digital currencies

Republican National Committee Party Platform Includes Plan To ‘Oppose CBDCs’ and ‘Defend Right To Mine Bitcoin’

July 10, 2024 The Daily Hodl

Bitcoin

The Republican National Committee has released a new party platform that promises to support crypto and oppose the creation of a central bank digital currency (CBDC). The platform, which former president Donald Trump promoted on social media, claims Republicans will “pave the way for future economic greatness by leading the world in emerging industries.” “Republicans […]

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Michigan Retirement System Invests $6.59M in Ark Invest’s Bitcoin Fund

IMF: CBDCs Can Boost Financial Inclusion and Payment Efficiency in Middle East

June 20, 2024 Bitcoin.com

bitcoin.com

The International Monetary Fund (IMF) says 19 countries in the Middle East and Central Asia, including Bahrain, Georgia, Saudi Arabia, and the UAE, are in the advanced “proof-of concept” stage for central bank digital currencies (CBDCs). “We support policymakers evaluating the need to issue a CBDC and help them craft strong policies and regulatory frameworks […]

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Michigan Retirement System Invests $6.59M in Ark Invest’s Bitcoin Fund

94% of Central Banks Are Exploring CBDCs, According to New Bank for International Settlements Survey

June 15, 2024 The Daily Hodl

CBDC

A new survey from the Bank for International Settlements (BIS) suggests that most central banks are now exploring the possibility of issuing their own digital currencies (CBDCs). The BIS surveyed 86 different central banks, with 94% of the respondents noting that they were involved in some form of CBDC work last year. The central bank […]

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Michigan Retirement System Invests $6.59M in Ark Invest’s Bitcoin Fund

BIS Survey: 94% of Central Banks Exploring Digital Currency

June 15, 2024 Bitcoin.com

BIS

The latest Bank for International Settlements (BIS) survey reveals that 94% of central banks are exploring central bank digital currencies (CBDCs). There has been a notable increase in wholesale CBDC experiments, especially in advanced economies. Central banks are examining various factors for retail CBDCs, including holding limits and offline functionality. 94% of Surveyed Central Banks […]

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Michigan Retirement System Invests $6.59M in Ark Invest’s Bitcoin Fund

US House Passes Bill Banning Federal Reserve From Launching Central Bank Digital Currency

May 23, 2024 The Daily Hodl

CBDC

The US House of Representatives just passed a bill aimed at preventing the Federal Reserve from launching a Central Bank Digital Currency (CBDC) without Congressional authorization. Republican Majority Whip Tom Emmer sponsored H.R. 5403, known as the CBDC Anti-Surveillance State Act, with the stated goal of protecting Americans’ right to privacy. “My legislation ensures that […]

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Michigan Retirement System Invests $6.59M in Ark Invest’s Bitcoin Fund

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

April 10, 2024 The Daily Hodl

CBDC

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 speaking at an event in Zurich, Jordan said the SNB doesn’t think there is a need to roll out a CBDC to the public right now, Reuters reports. “Consumers […]

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Michigan Retirement System Invests $6.59M in Ark Invest’s Bitcoin Fund

India’s Digital Rupee Expands: Non-Banks to Offer Central Bank Digital Currency Wallets

April 6, 2024 Bitcoin.com

bitcoin.com

India’s central bank has announced that it will enable non-bank payment system operators to offer central bank digital currency (CBDC) wallets. Noting that “necessary changes will be made to the system to facilitate this,” the Reserve Bank of India (RBI) said the initiative is expected “to enhance access and expand choices available to users.” Non-Bank […]

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Michigan Retirement System Invests $6.59M in Ark Invest’s Bitcoin Fund

Robert Kennedy Jr: Bitcoin Is Inflation Offramp — BTC Is Key to Transactional Freedom

March 3, 2024 Bitcoin.com

bitcoin.com

U.S. presidential candidate Robert F. Kennedy Jr. (RFK Jr.) says bitcoin is the offramp from central banks’ “money printing machine.” Emphasizing that bitcoin is a “hard currency,” he stressed the importance of making the cryptocurrency available to the American public. “Transactional freedom is as important as freedom of speech and you only get that from […]

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Michigan Retirement System Invests $6.59M in Ark Invest’s Bitcoin Fund

Morgan Stanley Says Central Bank Digital Currencies May Drive Move Away From US Dollar

January 15, 2024 The Daily Hodl

Bitcoin

Banking giant Morgan Stanley says that central bank digital currencies (CBDCs) may contribute to a shift away from the US dollar’s hegemony. In a new research note, Andrew Peel, executive director and head of digital asset markets at the bank says that CBDCs are capable of creating a new standard for cross-border payments, reducing the […]

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Michigan Retirement System Invests $6.59M in Ark Invest’s Bitcoin Fund

New CBDC Pilot Goes Into Second Phase in Hong Kong As Government Explores Tokenization and Programmability

November 1, 2023 The Daily Hodl

CBDC

The Hong Kong Monetary Authority (HKMA) is entering the second phase of its e-HKD (e-Hong Kong dollar) pilot program, testing use cases for a possible central bank digital currency (CBDC). In a new report issued by the HKMA, the central bank says the first phase of the effort had 16 different firms exploring several areas […]

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Michigan Retirement System Invests $6.59M in Ark Invest’s Bitcoin Fund