In a significant stance, the main Indian regulators and institutions consulted by the government advocate for a ban on private cryptocurrencies like Bitcoin and Ether, preferring the central bank digital currency (CBDC).
When 134 countries play sorcerer's apprentices with CBDCs, it is 98% of the global economy that enters a zone of digital turbulence.
The Russian president is closely interested in all alternative payment systems. Including CBDC and Bitcoin.
The international monetary system is in turmoil. The BRICS are exploring various avenues with varying degrees of success.
The European Central Bank (ECB) recently published a crucial report on the development of its central bank digital currency (CBDC). This first milestone report, unveiled on June 24, places particular emphasis on data protection, a sensitive issue at the heart of consumer and industry expert concerns. By promising pseudonymization and independent audits, the ECB aims to reassure and address concerns related to transaction traceability.
"The Bretton Woods system is dead," said Vladimir Putin. What if we replaced it with Bitcoin?
The departure of Binance is boosting the Russian crypto market: +16.4% increase in web traffic and local platforms filling the void left by the giant.
Beijing and Bangkok will de-dollarize their trade by promoting their national currencies. With CBDCs? What about Bitcoin?
The dollar is the Gordian knot of geopolitical tensions. The signals in this direction are now legion. Bitcoin is biding its time.
The Russian President Vladimir Putin signed a historic law on March 11, paving the way for the use of digital financial assets and CBDC for international payments. This measure aims to help Russian companies bypass Western sanctions and facilitate trade with allied countries.
During his campaign, Trump opposes the CBDC, claiming that it would give "absolute control over your money" to the federal government.
As crypto continues to captivate global attention, Russia, under the guidance of Vladimir Putin, has just marked a historic turning point in the digital universe. By signing legislation that integrates the digital ruble into the tax code, Putin transcends the mere digitization of a currency. He takes a daring step, ushering in an unprecedented era that promises to deeply reshape the contours of the financial world.
Did the Russian president just suggest the use of bitcoin for international transactions?
Two years ago, Bitcoin lost any chance of flourishing among Chinese cryptocurrency traders. The Chinese Communist Party didn't seem ready for decentralization, opting for a totalitarian CBDC (Central Bank Digital Currency) rather than an emancipatory BTC (Bitcoin). However, in recent times, the Xi Jinping government has seemingly changed its perception of the flagship cryptocurrency. This decision by a Shanghai court to grant Bitcoin the status of “unique and non-reproducible currency” attests to this change of heart.
While an increasing number of countries are considering launching a CBDC (Central Bank Digital Currency), Vitalik Buterin is dashing hopes. Known for being a staunch advocate of crypto, it seems he is less enthusiastic about the direction CBDC creation is taking.
In the face of a diverging path of U.S. dollar inflation from its usual trajectory, the United States Federal Reserve (FED) finds itself in a delicate situation. While the digital dollar project seemed to be the first line of defense, the FED now appears to be turning to a 'Plan B': the tokenization of real-world assets (RWA). Why such a pivot, and what can be expected from it?
On Monday, Russian President Vladimir Putin ratified the law introducing the digital ruble (CBDC).
The creator of ChatGPT launches Worldcoin, a shitcoin that wants the apple of your eye.