Digital Euro Deadline Set for 2025
ECB President Christine Lagarde announced the European Central Bank aims to finalize digital euro preparations by October 2025, pending legislative approval and stakeholder cooperation. #Update #Crypto (+3) →
CBDC
Vietnam Launches Digital Currency Exchange Pilot
Vietnam will pilot a digital currency exchange under a new legal framework, as the Ministry of Finance and State Bank draft guidelines for digital assets. #Update #Legal (+3) ↗
CBDC Israel Unveils Digital Shekel Design
Israel’s Bank of Israel unveils a preliminary design for its digital shekel (DS), emphasizing interoperability and dual-purpose use for retail and wholesale transactions. #Update #Crypto (+3) ↗
CBDC Privacy Issue Unresolved in Brazil
The Central Bank of Brazil reports that none of the tested anonymity and privacy solutions for its CBDC pilot met project requirements. #Update #Crypto (+3) →
Crypto Adoption Klarna Embraces Digital Currency
CryptoBriefing: @Klarna plans to integrate cryptocurrency services, seeking community input on implementation strategies, marking its entry into the crypto space. #Update #Crypto (+3) ↗
Stablecoins vs CBDC: Wallet Token Showdown
NewsBTC: Trump’s stablecoin advocacy spurs EU digital Euro efforts, potentially boosting @BestWallet’s $BEST token presale as crypto wallets gain importance. #Update #Crypto $BEST (+3) ↗
Digital Euro Urged Amid US CBDC Ban
European Central Bank executive Piero Cipollone advocates for a digital euro to counter President Donald Trump’s ban on central bank digital currencies in the US, aiming to mitigate stablecoin reliance. #Update #Crypto $EUR (-3) ↘
CBDC Halted Trump Era Stablecoin Surge
President Donald Trump vows to block a Central Bank Digital Currency (CBDC) in the U.S., while stablecoin adoption accelerates, potentially reshaping the digital currency landscape. #Breaking #Crypto $USDT (+8) ↗
SEC Charges Digital Currency Group Fraud
The SEC has charged @DCGco and former Genesis CEO Michael Moro with misleading investors about the impact of Three Arrows Capital’s collapse, resulting in a $38.5 million settlement without admitting guilt. #Breaking #Legal @DCGco (-9) ↘
Digital Currency Group Settles SEC Charges
@DCGco will pay $38 million to settle SEC charges over its bankrupt Genesis Global Capital lending unit, accused of misleading investors about its financial health following Three Arrows Capital’s collapse. Former CEO Soichiro Moro also settles for $500,000. #Breaking #Legal (-9) ↘
US Treasury Nominee Rejects CBDC Need
Scott Bessent, Treasury Secretary nominee under President-elect Donald Trump, expressed skepticism about a US central bank digital currency (CBDC), arguing it’s unnecessary given secure US investment options. His stance contrasts with the Federal Reserve’s ongoing exploration of CBDCs since 2021. #Update #Crypto (+3) →
Digital Pound Lab Advances UK CBDC
@bankofengland launches the Digital Pound Lab to explore a central bank digital currency, aiming to modernize payments through public-private collaboration. The initiative will assess feasibility and ensure privacy, with ongoing public consultation. #Update #Crypto (+3) →
Bitcoin Legalization Syria Considers CBDC Launch
Syria’s transitional government considers legalizing Bitcoin and launching a Central Bank Digital Currency to stabilize its economy, aiming to reduce international credit dependency and foster economic recovery. #Update #Crypto @SCER ↗ +4
CBDC Concerns: Congresswoman Opposes Cash Ban
Brazilian Congresswoman Julia Zanatta warns that @DrexCBDC could eliminate physical cash, proposing a ballot for its implementation, highlighting potential risks to citizens’ financial freedom. #Breaking #Legal @DrexCBDC ↘ (-7)