European Commission aims for universal acceptance with Digital Euro proposal
With this move, the European Commission aims to open up the payments market that has been controlled by banks, Visa and Mastercard.This post was originally published on this site
Digital pound will be pseudonymous with a focus on privacy: BoE CBDC chief
The underpinning technology for the UK CBDC could use a different ledger than the popular blockchain technology.This post was originally published on this site
Singapore MAS proposes digital money standards with major industry players
The Monetary Authority of Singapore, with input from major tech giants, released a whitepaper on the standards for digital money usage such as CBDCs and stablecoins. This post was originally published on this site
Crypto investment products experience outflows for 9th consecutive week
Meanwhile, the altcoin price crash triggered inflows for XRP, Cardano and Polygon.This post was originally published on this site
Governor Ron DeSantis Signs Bill Prohibiting Use of Central Bank Digital Currencies in Florida
On Friday Florida’s governor Ron DeSantis signed legislation that bans the use of a central bank digital currency (CBDC) in the state. Following the bill SB 7054 being signed into law, Florida’s Uniform Commercial Code (UCC) now explicitly forbids the use of a federally adopted CBDC as money. Florida Puts the Brakes on CBDCs The […]
Grayscale Investments Files for 3 New Exchange Traded Funds
On May 9, digital currency fund manager Grayscale Investments announced the establishment of the Grayscale Funds Trust and submitted registration filings for three exchange-traded funds with the U.S. Securities and Exchange Commission. Grayscale Introduces Grayscale Funds Trust and Files for 3 ETFs As the leading digital currency fund manager, in terms of assets under management […]
How to send and receive payments on the Lightning Network
Learn to use Lightning Network by setting up a wallet, funding it, and using it to make and receive payments.This post was originally published on this site
Texas House Advances Gold-Backed Digital Currency Bill
Texas has taken its first steps in order to approve a bill that would issue a 100% gold-backed digital currency. If enacted as law, the bill, which is being discussed by a Texas House committee, would create an electronic system for users to transact and pay with this digital currency and would also allow them […]
Nigeria Passes ‘National Blockchain Policy,’ Industry Player Says Central Bank Unlikely to Lift Crypto Ban
The Nigerian Federal government said on May 3 it had passed what it called the “national blockchain policy.” The Nigerian minister of communications and digital economy, Isa Pantami, said the new policy is a product of consultations with 56 institutions and personalities. Lucky Uwakwe, the founder of the technology service delivery company Sabi Group, said […]
Florida Takes a Stand Against CBDCs: Anti-CBDC Bill Receives Overwhelming Support in House and Senate
In the wake of Florida Governor Ron DeSantis’ remarks in Jacksonville on Tuesday, both the Florida House of Representatives and Senate have approved the state’s anti-central bank digital currency (CBDC) legislation, dubbed SB 7054. The bill explicitly states that should the U.S. central bank, a federal agency, or a foreign government issue a CBDC, its […]