The US House Financial Services Committee (HFSC) chair updated the public on the planned approach to the crypto-related legislation this year. Representative French Hill, who chairs the Digital Assets subcommittee, revealed that…
Category: CBDC
Bank of England Rules Out Readiness for CBDC – Britcoin
British legislators remain undecided regarding a digital pound, christened ‘Britcoin,’ after a CBDC consultation. The UK is not unveiling a digital pound soon. In a report evaluating the feedbacks from a consultation…
Morgan Stanley Warns Bitcoin’s Exceptional Growth and CBDCs Threaten US Dollar
Morgan Stanley executive heading digital assets Andrew Peel is warning of a likely paradigm shift in perception. The crypto head at the Manhattan-based investment bank considers that growth in digital assets usage…
Crypto Executives Perceive Hong Kong Emergence as Bitcoin ETF Hub Amid US Approval
Crypto industry executives anticipate Hong Kong will progress in transforming its powerhouse in traditional finance into a crypto-friendly hub. As such, the industry leaders predict Hong Kong will emerge among the front-runners…
Crypto Professor Appointed to Steer Turkey’s Central Bank Board
Fatma Ozkul has lectured at Marmara University in Istanbul for 11 years, with an academic emphasis on auditing, blockchain, accounting, and digital assets. Recep Tayyip Erdogan, Turkey’s President, has allegedly selected Professor…
BIS Study Discovers Amplified Crypto Financial Risks in Emerging Markets
The central banks of Canada, Brazil, the U.S., and Mexico have identified crypto-associated risks. However, they have cautioned against unreasonably exorbitant regulations. A new study by The Bank for International Settlements (BIS)…
Hot Crypto Stories on X – TRON Founder Invites PayPal to Issue Its Stablecoin on the Network
As expected, the most discussed topic on X over the last few days was the announcement from PayPal regarding the launch of the firm’s dollar-pegged stablecoin dubbed Paypal USD or PYUSD. The…
PayPal Unveiling PYUSD Stablecoin Could Trigger Competition and Regulators’ Action
PayPal’s announcement of entry into the stablecoin segment reignites excitement to levels mirroring the BlackRock application for Bitcoin exchange-traded fund (ETF). Such is evident with the unveiling of PYUSD stablecoin triggering active…
Bank of Canada, Canadians ‘Weak Incentives’ to Utilize Central bank digital currency (CBDC)
A central bank discussion paper established that most Canadians have a reason to utilize a central bank digital currency since they have minimal trouble accessing financial services. A new paper from the…
Joe Rogan and Malone Slams CBDC Idea in United States
At present, CBDCs are common talking points among U.S. citizens, with rappers, comedians, and presidential candidates airing opinions concerning them. A podcaster and commentator, Joe Rogan, criticized having a U.S. CBDC. According…
Central Bank of Brazil Announces the Name of Its CBDC
The Central Bank of Brazil has finally revealed the official name of its CBDC (Central Bank Digital Currency). It will be called DREX. The announcement was made on the institution’s Youtube channel…