CBDC Boosts Latam’s $1.5T Stablecoin Economy
Brazil’s Chamber of Deputies advances Bill 4212/25 to limit Central Bank CBDC powers, protecting economic freedom and privacy. #Update #Legal
CBDC
CBDC Guardrails Proposed to Prevent Abuse
Bill 4212/25, aiming to limit Brazil’s CBDC control, passed a key committee. It ensures cash remains and mandates no financial exclusion. #Update #Legal
Digital Rand Rejected South Africa Backs Payshap
The South African Reserve Bank pauses digital rand rollout, focusing on real-time payments via Payshap and Payinc, amid privacy and efficiency trade-offs. #Update #Finance
Digital Ruble Launches Top Banks Ready
The Central Bank of Russia confirms the digital ruble’s September 1 launch, with 12 major banks ready and a 9-million-outlet QR network integration. #Update #CBDC
Banks Launch Digital Currency Network to Halt Deposit Drain
America’s largest banks, including @JPMorgan and @BankofAmerica, plan a tokenized deposit network by 2027 to compete with stablecoins like $USDC and $USDT, enhancing global payment efficiency. #Update #Crypto $USDC
CFTC Chief Reveals Secret US CBDC Talks
Timothy Massad, former CFTC Chairman, disclosed secret U.S. CBDC discussions amid global trends, as the U.S. engages in Project ‘Agora’ for international payment tokenization. #Update #Crypto $USDC
Bitcoin Miners Protected as South Carolina Bans CBDC
South Carolina Governor signs Senate Bill 163, banning Central Bank Digital Currency payments by state agencies and protecting Bitcoin miners from discriminatory zoning and licensing rules. #Update #Legal $BTC
Bitcoin Gains as South Carolina Bans CBDC
South Carolina enacts HB 4256, banning government use of CBDCs and supporting crypto mining and staking by easing regulations. #Update #Legal
CBDC Ban Looms as House Vote Approaches
A pair of Republican lawmakers is pushing for a permanent ban on US central bank digital currency (CBDC) in the 21st Century ROAD to Housing Act, with a House vote expected this week. #Update #Legal
Digital Euro Warning: Avoid U.S. Stablecoin Copycat
European Central Bank President Christine Lagarde warned against euro-pegged stablecoins, advocating for central bank infrastructure to mitigate financial stability risks amid growing dollarization concerns in Europe. #Update #Crypto $USDC
Digital Currency Launches for 24/7 Trade Settlements
@TetraTrust launched CADD, Canada’s first CAD-pegged stablecoin approved by Alberta Treasury Board, aiming for institutional use in 24/7 settlements. Supported by major firms like @Shopify and @NationalBank. #Update #Crypto $CADD
Crypto Sanctions Escalate in EU’s Major Action
The EU has imposed a total ban on Russian crypto providers and platforms, including sanctions on the RUBx stablecoin, targeting Russia’s reliance on cryptocurrencies for international transactions. #Breaking #Crypto $RUBx
ECB Advances Digital Euro Payment Solutions
The European Central Bank signed agreements with Nexo Standards and others to integrate the digital euro into existing systems, aiming to counter dollar stablecoins. #Update #Crypto
CBDC Launches: South Korea Prioritizes Digital Won
BOK Governor Shin Hyun-song prioritizes CBDC and deposit tokens, omits stablecoins in digital won strategy amid South Korea’s Digital Asset Basic Act finalization. #Update #Crypto