CBDC Fight Escalates As US Lawmakers Call For Permanent Ban
A standalone bill that went nowhere in the Senate is now at the center of a congressional fight over how far the government should go to block a digital dollar — and a group of 29 lawmakers wants the answer to be: all the way. Related Reading: Crypto Gets A Boost In Trump’s New National […]
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US Senator Ted Cruz is maintaining a firm campaign against a US central bank digital currency (CBDC). In the latest development, the junior senator representing Texas has pushed for a permanent CBDC ban in the 21st Century ROAD to Housing Act, to replace an initial short-term prohibition. Related Reading: US Watchdogs Submit Crypto, Prediction Markets […]
According to British lawmakers, a central bank digital currency (CBDC) is likely to raise the cost of borrowing while hurting financial stability. They insist the touted potential advantages of a digital pound are being overstated.
Erosion of Privacy
British lawmakers have said the use of a central bank digital currency when making regular payments could potentially hurt financial stability and raise the cost of borrowing, a report has said. In addition, they insist the increasing use of the CBDC could also enable the central bank to monitor spending and therefore erode....
Bank Indonesia, the country’s central bank, is reportedly considering issuing a central bank digital currency (CBDC) to fight the use of cryptocurrency. “A CBDC would be one of the tools to fight crypto. We assume that people would find CBDC more credible than crypto,” said an assistant governor of the central bank. Central Bank Sees CBDC as Tool to ‘Fight Crypto’ Juda Agung, an assistant governor of Bank Indonesia, the country’s central bank, talked about cryptocurrency and central bank digital currency (CBDC) during his parliamentary “fit....
US lawmakers continue to call for the release of the detained Binance executive Tigran Gambaryan. The ongoing saga between the crypto exchange and the Nigerian authorities intensified when several US Congress members sent a letter urging the Biden administration to take action. Related Reading: ‘More Bullish Than Ever’: Circle CEO Explains Why He’s Optimistic About […]
House Republicans are pushing to ban the Federal Reserve from creating a central bank digital currency (CBDC) by combining the anti-CBDC bill with the bipartisan crypto market structure bill. Related Reading: UK Crypto Groups Criticize Bank Of England’s Proposal To Cap Stablecoin Ownership – Report GOP Lawmakers Push For CBDC-CLARITY Merger GOP members in the […]