US Senate Clears Housing Bill That Also Halts CBDC Push
The U.S. Senate has approved a sweeping bipartisan housing bill that bans the Federal Reserve from issuing a CBDC until 2030. The bill passed by a strong 85-5 vote and…
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Senate Votes 85-5 to Ban a Fed Digital Dollar Through 2030
The U.S. Senate passed the 21st Century ROAD to Housing Act late Monday in an 85-5 vote, attaching a four-year ban on a Federal Reserve central bank digital currency (CBDC)…
Congress reaches deal on housing bill with CBDC ban until 2030
The US could soon temporarily ban a central bank digital currency, as House and Senate leaders came to a deal on a housing bill inclusive of a ban.
South African Reserve Bank Backs Payshap Over Digital Rand as Cassim Targets Real-Time Payments
The South African Reserve Bank has decided to pause the immediate implementation of a digital rand despite successfully testing its technical feasibility. Digital Rand Trials Reveal Privacy and Speed Tradeoffs…
Bank of Russia Confirms September Rollout for Digital Ruble, With Top Banks ‘Ready and Connected’
Alla Bakina, Director of the Bank of Russia’s National Payment System Department, highlighted that most private banks in Russia are ready to provide digital ruble services on September 1. The…
South Carolina Gov. McMaster Signs Anti-CBDC Crypto Law, Protects Self-Custody Rights
South Carolina Gov. Henry McMaster signed S.163 into law this week, enacting one of the most wide-ranging state-level crypto protection bills in the country. South Carolina Lawmakers Back Crypto Bill…
ECB Moves to Facilitate the Implementation of Digital Euro Payments
The European Central Bank (ECB) established several agreements with Europe’s largest standards setters, including the ECPC, Nexo Standards, and the Berlin Group, to facilitate the use of the digital euro…
South Korea BOK Governor Prioritizes Digital Won CBDC in First Policy Speech
South Korea’s new Bank of Korea Governor Shin Hyun-song used his April 21 inaugural address to plant a firm stake in the ground: the country’s digital money future runs through…
Critics Slam David Sacks’ 130-Day Tenure: ‘The Room Looks Exactly the Same’
The departure of David Sacks from his role as the US government’s artificial intelligence (AI) and crypto czar has drawn scrutiny across the sector, as several market commentators pointed to…
European Central Bank Advances Digital Euro Plans With Focus on ATMs and Security
The European Central Bank is advancing its digital euro initiative by forming two specialized workstreams, G5 and B1. The ECB is encouraging collaboration with private-sector experts to create an attractive…