The Ministry of Finance in Russia has put forward a proposal to allow traditional exchanges to facilitate digital asset trading for a specific group of investors. This proposal aims to create specialized regulations for organized trading in digital currencies, considering them as commodities, based on either an exchange license or a trading system license. The
CBDCs
The Bahamas is set to expand access to its Central Bank Digital Currency (CBDC) known as the “Sand Dollar” by involving commercial banks, as stated by the country’s central bank governor. John Rolle, the Governor of the Central Bank of The Bahamas, outlined the plan to establish regulations within the next two years. The country
Recently, the European Central Bank (ECB) provided an update on the progress of its preparation phase for the digital Euro CBDC, set to conclude in October 2025. The central bank emphasized the importance of privacy and data protection in this digital currency endeavor. However, upon closer examination, several concerning aspects of the digital Euro came
Louisiana Governor Jeff Landry recently made headlines by signing a bill that has significant ramifications for the world of cryptocurrency. The bill, named HB 488, goes beyond just prohibiting central bank digital currencies (CBDCs) and delves into protecting crypto mining. This move has sparked discussions and debates within the crypto community about the implications of
Currency has played a significant role in the advancement of societies throughout history. From bartering systems to standardized coins and paper money, the evolution of currency has shaped human experience. However, in recent decades, the financial landscape has been marred by chaos and instability, raising concerns about the loss of control over traditional currencies. The
The concept of asset tokenization in the financial sector has been gaining traction in recent years as a way to revolutionize securities and asset management. SEC commissioner Mark Uyeda, in a recent statement, highlighted the potential benefits of asset tokenization, emphasizing the advantages of representing asset rights with digital tokens on a blockchain. Uyeda pointed
US Senators Cynthia Lummis and Kirsten Gillibrand have recently introduced a legislative bill that has stirred up controversy within the crypto industry. Former Blockchain Association member Jake Chervinsky harshly criticized the Lummis-Gillibrand Payment Stablecoin Act, labeling it as “deeply flawed.” He expressed concerns that the proposed legislation would effectively limit the issuance of algorithmic stablecoins
Are Central Bank Digital Currencies (CBDCs) a Threat to Crypto? Explore the potential consequences & implications of CBDCs disrupting the crypto landscape.
Discover the potential threats that Central Bank Digital Currencies (CBDCs) pose to the crypto market. Will CBDCs disrupt the decentralized nature of cryptocurrencies? Find out in this informative article.
During a recent Senate Banking Committee hearing on monetary policy, US Federal Reserve Chair Jerome Powell emphasized the Fed’s position on central bank digital currency (CBDC). Powell made it clear that the Federal Reserve is nowhere near considering or proposing a CBDC. He reassured lawmakers that any potential digital dollar system would prioritize privacy and