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CBDC
In Defense of a Digital Dollar
Fears about mass financial surveillance are real with CBDCs, but banning them, as Republicans have recently proposed, will not help. Instead, more research is needed, says Ananya Kumar.
Gov. Ron DeSantis, Privacy and the Politicization of the Digital Dollar
The putative presidential candidate’s legislation to ban a CBDC at the state level is constitutionally unworkable. But it’s still worrying for the future of money in the U.S., says JP Schnapper-Casteras.
Bitcoin Teeters Around $28K as Fed Raises Rates by 0.25%; Sen. Ted Cruz Proposes Ban on a CBDC
Bitcoin (BTC) is teetering around $28,000, following the Federal Reserve raising rates by a quarter percentage point. Separately, Sen. Ted Cruz (R-Texas) introduced a bill aimed at blocking the Federal Reserve from creating a consumer-based central bank digital currency, or CBDC.
Nigeria's eNaira Wallet Use Jumps Amid Cash Shortages: Bloomberg
Nigerians have been turning to the country's central bank digital currency (CBDC) eNaira, amid cash shortages, according to Bloomberg. The number of eNaira wallets has jumped more than 12-fold to 13 million since October, and the value of transactions has climbed 63% this year. The CBDC was introduced in October 2021. "The Hash" panel discusses the eNaira experiment and crypto's use case as an alternative to economic uncertainty.
GOP Sen. Ted Cruz Proposes Ban on a CBDC
The effort by the Texas senator adds to a similar state-level measure proposed earlier this week by Florida Gov. Ron DeSantis.
Nigeria's eNaira Wallet Use, Transactions Climb Amid Cash Shortages: Bloomberg
The number of eNaira wallets has jumped more than 12-fold to 13 million since October, and the value of transactions has climbed 63% this year.
Florida Governor Ron DeSantis Proposes Law to Ban CBDCs
A legislative proposal from Florida Governor Ron DeSantis would prohibit using a national central bank digital currency (CBDC) as money within his state. This comes as the Biden administration is studying the possibility of introducing a CBDC. "The Hash" panel weighs in on an issue that is likely to get more prominence as the next U.S. presidential election starts to heat up.
India's Central Bank Exploring Privacy Legislation for Retail CBDC Users
India's central bank is advocating for legislation that will allow users of its retail central bank digital currency (CBDC) to delete any transactions from the network's ledger in order to maintain anonymity, a highly placed person told CoinDesk. "The Hash" panel discusses the wider implications of preserving privacy on the blockchain, as lawmakers and individuals across the world have been concerned about the potential surveillance aspects of CBDCs.
Florida Gov. Ron DeSantis Proposes Law to Ban CBDCs
The Biden administration is studying the possibility of introducing a central bank digital currency.
Federal Reserve’s New Instant Payments System 'FedNow' To Launch in July
The U.S. Federal Reserve is set to launch its long-awaited instant payments service "FedNow" in July. "The Hash" panel discusses the rollout amid a global race to central bank digital currencies (CBDCs).