Banking executive Hiromi Yamaoka believes that the conflict in Ukraine could influence central bank digital currencies (CBDCs) policy globally. The former head of payments and settlements department at the Bank of Japan sees countries such as China exploring CBDCs to counter the dominance of US dollars. China, others could explore CBDC to counter US Dollar…
Last week, the world witnessed a successful utilization of crypto adoption in winning the presidential elections. It seems like Bryan Solstin has been watching and now is ready to give it a try himself. What is Bryan (Bitcoin) Solstin’s take on crypto? Bryan Solstins’ Website Banner (via solstin.org) Bryan Solstin is a pro-Bitcoin Washington State…
Amidst the pressures on crypto companies to discontinue their services in Russia, the President of the United States, Joe Biden, will soon sign an executive order that’ll pave the way for crypto regulations, according to a Bloomberg report. The order, which is expected to come midweek, will give the Treasury, Justice Department, and other federal…
IMF has been pro-CBDC for a while, and the Central Banks from all around the world have been looking to digital currencies to replace cash and many have come a long way. Recently, IMF President Kristalina Georgieva acknowledged the recent movement towards CBDCs and re-stated their support to them by saying: “We know that the…
US President Joe Biden will reportedly issue an executive order in the week of February 21st, which will direct state agencies to begin formulating a government-wide plan to regulate crypto assets. The order will task various agencies to study CBDCs, or central bank digital currencies, as well as develop a report on the future of…
Few product announcements have stirred such activities among governments around the world as the then Facebook’s, now Meta’s, announcement of the then Libra, now the dead Diem, announcement. The prospects of having a private company with billions of users issue money was just too much for legislators. All of the sudden, everyone was planning a…
Ever since Facebook, now Meta, launched the Libra (Diem) project in 2019, in partnership with twenty or so other companies, including MasterCard and Visa, nation-states worldwide have been in a hurry to develop digital versions of their sovereign currencies, also known as Central Bank Digital Currencies, or CBDCs for short. In China, which has, by…
Dubbed Project Hamilton, exploratory research between the Federal Reserve of Boston and the Massachusetts Institute of Technology’s (MIT) released the first round of results in modeling a digital dollar. The results of the initial technological research into a central bank digital currency (CBDC) were published accompanied by an open-source code in github for contributions. The…
According to Bloomberg, Myanmar’s military government is planning to introduce its own digital currency in the region to bolster its economic prosperity. As sources report, a top spokesperson at the State Administration Council shared that the country is currently evaluating how to move forward with the digital currency launch. Myanmar mulls over launching its own…
The Biden administration is reportedly working on an executive order emphasizing potential economic, regulatory, and national security challenges that cryptocurrencies might pose in the future. A comprehensive order with the support of multiple agencies Per the Bloomberg report, the White House is formulating an executive order and has asked multiple federal agencies to evaluate critical…