North Carolina Rejects Federal Digital Currency, Overrides Governor’s Veto

September 11, 2024 Bitcoin.com

bitcoin.com

The North Carolina General Assembly has overridden Governor Roy Cooper’s veto to enact a bill prohibiting a central bank digital currency (CBDC) in the state. The Senate voted 27-17, securing the required supermajority. The bill bars payments using CBDC and state participation in Federal Reserve testing. This bill reflects strong opposition to CBDCs and emphasizes […]

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Accenture invests in Emtech to strengthen CBDC, fintech solutions

September 10, 2024 Coin Telegraph

Accenture

The deal will see Emtech’s CBDC solutions and its regulatory and compliance sandboxes integrated into Accenture’s offerings.

Information and financial technology services company Accenture has invested in fintech startup Emtech, which provides software-as-a-service to central banks and fintech companies. Accenture plans to integrate Emtech products into its core banking services.

Emtech was founded in 2019 by former IBM Blockchain executive Carmelle Cadet. It counts seven central banks — those of Ghana, Nigeria, the Republic of Guinea, Liberia, Sierra Leone, The Gambia and the Bahamas — among its clients. It also created a central bank digital currency (CBDC) proof-of-concept for the Bank of the Republic of Haiti.

In addition to the infrastructure for CBDC, Emtech offers a regulatory sandbox feature and is developing a compliance feature for financial service providers. Emtech states that it has over 200 fintech clients. Cadet said in a statement:

Bitget Announces Strategic Collaboration With SunPump on Growth of Tron Meme Ecosystem

Moscow Exchange Opts out of Russia’s Crypto Trading Program

September 9, 2024 Bitcoin.com

bitcoin.com

The Moscow Exchange (MOEX), Russia’s largest securities marketplace, will not participate in an experimental program for cryptocurrency trading, as confirmed by Nikolai Trunichkin, head of digital projects at the exchange. This decision follows the Russian State Duma’s July approval of a legislative package to legalize digital currencies, allowing exchange trading under the oversight of the […]

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Russia Expands Digital Ruble Pilot With New Features: Widespread Use Expected in 2025

September 9, 2024 Bitcoin.com

Bank of Russia

Russia’s central bank is expanding its digital currency pilot program, involving 9,000 individuals and 1,200 companies. New features for the digital ruble, including payments via QR code, will be tested. Full-scale implementation is expected by late 2025. According to officials, demand for the digital ruble is growing, with successful integration anticipated due to ongoing sanctions. […]

Bitget Announces Strategic Collaboration With SunPump on Growth of Tron Meme Ecosystem

Trump family’s DeFi project wants to ‘ensure US dollar dominance’

September 5, 2024 Coin Telegraph

Coin Telegraph

The project has teased a partnership and collaboration with DeFi protocol Aave, possibly indicating World Liberty Financial will be built on the Ethereum blockchain.

While not much is known about the Trump family’s crypto project, the latest statement from World Liberty Financial suggests it wants to spread the use of United States dollar-pegged stablecoins in decentralized finance.

In a Sept. 4 X statement, the yet-to-be-launched decentralized finance (DeFi) platform claimed one of its key goals was to drive the “mass adoption of stablecoins and decentralized finance.”

Source: World Liberty Financial

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Coinbase Reports Its First AI-to-AI Crypto Transaction

September 2, 2024 Bitcoin.com

Coinbase CEO Brian Armstrong announced the platform’s first AI-to-AI cryptocurrency transaction, highlighting a new application of digital currency by artificial intelligence agents. Armstrong believes this advancement will enhance AI’s capacity to independently obtain resources and engage with humans and other AI systems. He encourages developers to add crypto wallets to support the growth of AI-to-AI […]

Bitget Announces Strategic Collaboration With SunPump on Growth of Tron Meme Ecosystem

Coinflip Expands Cryptocurrency ATM Services to Mexico

August 28, 2024 Bitcoin.com

Ben Weiss

Coinflip has officially launched its digital currency kiosks, otherwise known as automated teller machines (ATMs), in Mexico, marking its second expansion in North America. The latest expansion follows the company’s entry into the Canadian market in 2022. Coinflip Introduces Digital Currency Kiosks in Mexico Coinflip, a U.S.-based digital currency platform, has introduced its crypto ATM […]

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RBI Governor Warns Against Rapid CBDC Launch, Advocates Gradual Approach

August 27, 2024 Bitcoin.com

The governor of India’s central bank, the Reserve Bank of India (RBI), Shaktikanta Das, has highlighted the challenges of implementing cross-border digital currency interoperability and the necessity for robust governance. He emphasized the importance of gradual central bank digital currency (CBDC) rollout and data-driven insights from pilot programs. RBI Governor Warns of Challenges in Digital […]

Bitget Announces Strategic Collaboration With SunPump on Growth of Tron Meme Ecosystem

Why 2024 Should Be Bitcoin’s Year to Step Away From Politics

August 25, 2024 Bitcoin.com

Benjamin Friedman

As the U.S. election season heats up, Bitcoin finds itself once again in the political crossfire. From Washington, D.C., to international capitals, this digital currency has become a talking point, with politicians on both sides of the aisle either championing it as a revolutionary financial tool or condemning it as a threat to economic stability. […]

Bitget Announces Strategic Collaboration With SunPump on Growth of Tron Meme Ecosystem

Campaign Advisor Says Harris Will ‘Support Policies’ Promoting Growth of Digital Currencies

August 22, 2024 Bitcoin.com

2024 election

On Wed., Aug. 21, 2024, Bloomberg shared that Vice President Kamala Harris intends to back policies that favor digital currencies. Brian Nelson, a senior advisor for the Harris campaign, told Bloomberg in an interview that if Harris secures the presidency in November, she will “support policies that ensure that emerging technologies and that sort of […]

Digital currency