GOP leaders continue to take aim at CBDCs, with SenTedCruz proposing a federal ban days after GovRonDeSantis asked lawmakers in his state to block usage of any national CBDC. SteveAlpher reports
Sen. Ted Cruz introduced a bill on Tuesday aimed at blocking the Federal Reserve from creating a consumer-based central bank digital currency, or CBDC.
"The federal government has no authority to unilaterally establish a central bank currency," Cruz said in ."This bill goes a long way in making sure big government doesn’t attempt to centralize or control cryptocurrency and instead, allows it to thrive in the United States."Earlier this week, Florida Gov. Ron DeSantis, who is a likely GOP presidential candidate,
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US Senator Ted Cruz tries again with new bill to block CBDCSenator Ted Cruz believes the U.S. federal government will use a CBDC as a financial surveillance tool and introduced legislation to Congress to stop the development of a retail CBDC.
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IMF examines CBDC design in context of Islamic banking, finds some risks magnifiedThe International Monetary Fund has published a paper on how central bank digital currency use may unintentionally impact monetary policy, particularly in Islamic banking.
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India’s Central Bank Seeking Privacy Legislation for Retail CBDC UsersSCOOP: India's central bank (RBI) is asking the government for legislation that would allow customers of its retail CBDC to delete transactions in order to maintain their anonymity. By amitoj
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Nigeria CBDC adoption spikes as fiat currency shortage grip the nationeNaira payouts in Nigerian government initiatives and social schemes also contribute to the increase in CBDC’s adoption.
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Ted Cruz and Texas Republicans decry potential Trump arrest, call it a gift to his campaignAhead of Saturday Texas visit, Trump urges his supporters to protest in an effort to build support ahead of a potential prosecution.
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