China’s CBDC, e-CNY, is supposed to have surveillance over its citizen. The US is expected to come up with Freedom Coin. CBDCs are portrayed as the best in the banking and crypto worlds, but the tru...
Tag: CBDCs
Former CFTC chair urges US to develop privacy-focused CBDCs
Christopher Giancarlo, the former chair of the Commodity Futures Trading Commission (CFTC), has called for the United States to lead in developing central bank digital currencies (CBDCs) that prioriti...
Speculation mounts that U.S. banking crisis was a ploy to push CBDCs
Ad Nic Carter voiced his suspicions that the recent U.S. banking crisis was a ruse to accelerate Central Bank Digital Currency (CBDC) adoption. The General Partner at Castle Island Ventures said the w...
CBDCs should protect privacy, not be a surveillance tool: Former CFTC chair
The United States should lead the development of Central Bank Digital Currencies (CBDCs) away from being “surveillance coins” and towards being “freedom coins,” says the former chair of the Comm...
CBDCs Could Be A Powerful Spy Tool
The US government is ramping up to develop a CBDC, a digital dollar that facilitates more efficient and secure payments. But the launch of an US CBDC could come at a risk to citizens’ privacy, accordi...
CBDCs considered evil and a threat to individual interests?
CBDCs are seen as the new economic cornerstones as we move closer to a cashless future. CBTDCs provide risk of citizen privacy breach, as they can be used for taxes and financial monitoring. Practica...
US Congressman warns CBDCs can be ‘easily weaponized’ to spy on Americans
US Representative Tom Emmer has expressed concerns over the introduction of programmable Central Bank Digital Currencies (CBDCs) in the United States, stating that it may compromise the financial priv...
U.S. Congressman cautions about privacy concerns regarding CBDCs
U.S. Congressman Tom Emmer believes that the introduction of CBDCs will jeopardize the financial privacy of American citizens. Emmer introduced the CBDC Anti-Surveillance Act last month. United States...
CBDCs could be ‘easily weaponized’ to spy on US citizens: Congressman
United States Congressman Tom Emmer believes the launch of programmable central bank digital currency (CBDC) in the country could strip American citizens of their financial privacy. Speaking at the Ca...
CBDCs threaten our future, so it’s time to take a stand
If the development of blockchain technology was a financial revolution, central bank digital currencies (CBDCs) are the counter-revolution. Their development has intensified in 2023 across the globe, ...
YouTube Channel, Altcoin Daily Raises Privacy Concern Over CBDCs
Altcoin Daily brings the underlying privacy threat integrated into CBDCs into light. Central banks would have every detail about all the transactions carried out using CBDCs. An expert explained that ...
The dark side of CBDCs – a Nigeria case study – Cryptopolitan
Not all that glitters is gold. The current CBDC situation in Nigeria foreshadows what is to come. Citizens in Nigeria have taken to the streets to protest the country’s cash shortage, as well as their...
Ripple Using XRP Ledger Code To Create Private Blockchains for CBDCs
According to Matt Hamilton, these private versions of the XRP Ledger are still in development and are not live yet. According to a recent tweet, Ripple is currently working on deploying private blockc...
India explores offline functionality of CBDCs — RBI executive director
India’s recently launched in-house central bank digital currency (CBDC) — the digital rupee — is now being tested for offline functionality, revealed Ajay Kumar Choudhary, executive director of the Re...
Ripple SVP Says Firm Is Working With Over 20 Countries on CBDCs
Ripple has been forced to build quickly outside the U.S. due to regulatory headwinds. Ripple Senior Vice President and Managing Director for the Asia-Pacific (APAC) and Middle East and North Africa (M...
US lagging on CBDCs could spell ‘trouble’ — Crypto Council policy head
Yaya Fanusie, a cryptocurrency researcher and former CIA analyst, believes the United States government’s relatively slow start on central bank digital currency (CBDC) development may result in it los...
U.S. Treasury convening regular Biden administration discussions on CBDC
Policy • March 1, 2023, 2:38PM EST The U.S. Treasury, Federal Reserve and White House officials “will begin to meet regularly” to talk about a possible central bank digital currency, said Nellie Liang...
US lag in CBDCs might bode disaster, says US expert
A former CIA officer and cryptocurrency expert say the United States risks losing its hold on the global financial system because of its late start in developing Central Bank Digital Currency (CBDC). ...
Ripple Is In Dialogue With Over 20 Central Banks On CBDCs
In a new interview, Brooks Entwistle, senior vice president of customer success and managing director of APAC and MENA at Ripple, talked about the company’s efforts and goals in the Central Bank Digit...
BoE official says CBDCs ‘bring opportunities’ for financial institutions
Ben Broadbent, deputy governor for monetary policy at the Bank of England (BoE), has stated that the institution is paying keen attention to roll out of a central bank digital currency (CBDC). Accordi...
5 ways CBDCs could impact the global financial system
Central bank digital currencies (CBDCs) are digital versions of fiat currencies that are backed and issued by central banks. Here are five ways in which CBDCs could impact the global financial system....
US Rep. Tom Emmer Introduces Bill To Stop CBDCs
There is a hypothesis that the central bank digital currency, or a CBDC, will pave the way for the end of civil privacy when all transactions are put under surveillance. The U.S. Fed has put great eff...
The Rise of CBDCs: Why San Francisco’s Recent Move Matters?
San Francisco to hire a CBDC developer signals progress in digital currency development in the US. How do the benefits of CBDCs create new opportunities for businesses and individuals in the financial...
Central Banks Want New Money: CBDCs Won’t Help
Ukraine isn’t a cold war. CBDCs aren’t gold. Let’s take a look at reality. Right now, and we mean right now, central banks are looking for a way to wash 40+ years of bad money out of the system, and p...
CBDCs Are Gaining Steam, Though Results May Vary
Countries are looking to build their own central bank digital currency — though results may vary. Roberto Campos Neto, president of Brazil’s central bank, said at BTG Pactual’s CEO Conference on...
UK think tank launches a crusade against ‘surveillance’ CBDCs
The United Kingdom Tax Reform Council has launched a campaign against the Bank of England’s plan to introduce a central bank digital currency (CBDC). The nonprofit organization warns that such a move ...
Will The People Accept CBDCs?
Countries around the world still embrace faith in their national digital currencies but will it change the way their people pay? Cities in China have reportedly put promotional efforts into maximizing...
Are CBDCs the Future of Money or Just a Pipe Dream?
Central Bank Digital Currencies are often touted as the future of money. They scare some and excite others. What’s the truth? According to the Atlantic Council CBDC tracker, 114 countries, representin...
Federal Reserve raises interest rates by 25 basis points, as expected
The U.S. Federal Reserve raised the target range for the federal funds rate by 25 basis points to 4.5-4.75 percent, bringing the interest rate to a 15-year high. Wednesday’s interest rate decisi...
JPMorgan CEO Says BTC Is Fraudulent, a ‘Pet Rock;’ Bank of America Says CBDCs Are ‘Natural Evolution’ — Bitcoin.com News Week in Review – The Weekly Bitcoin News
JPMorgan CEO Jamie Dimon has reiterated his supposed skepticism of bitcoin, recently calling it a “hyped-up fraud,” and a “pet rock.” For it’s part, Bank of America has said that it views central bank...
Here’s How XRP Ledger Could Interact with CBDCs, Pro-XRP Attorney Jeremy Hogan Opines
Yuri Molchan Here are some ways XRPL could be used for issuing central bank digital currencies Contents CBDCs + XRPL Ripple and CBDCs An attorney favored by the XRP community, Jeremy Hogan, who also c...