CBDC Ban Proposed by Rep. Keith Self
Rep. Keith Self proposed an amendment to the National Defense Authorization Act to ban central bank digital currencies, but negotiations failed to include it in the final bill. #Update #Legal
CBDC
CBDC Loophole Claims by Greene in GENIUS Act
Rep. Marjorie Taylor Greene criticizes the GENIUS Act for allegedly allowing CBDCs, despite legal experts refuting her claims as political commentary rather than legal analysis. #Update #Crypto
Stablecoin Oversight Boosted as Digital Shekel Advances
Bank of Israel Governor Amir Yaron announced plans for stricter oversight of stablecoins, highlighting their significant market presence and risks due to centralization. A digital shekel roadmap was also revealed. #Update #Crypto $USDT
Central Bank Declares No Urgent Need for CBDC
The South African Reserve Bank sees no immediate need for a retail CBDC, focusing instead on modernizing its payment systems while monitoring crypto risks. #Update #Crypto $BTC
CBDC Trials Expand as Singapore Regulates Stablecoins
Singapore’s MAS finalizes stablecoin legislation emphasizing reserve backing and redemption reliability, expands CBDC trials, and plans a guide on tokenized capital markets. #Update #Crypto
Stablecoins Dominate Hong Kong FinTech Week
Hong Kong’s FinTech Week highlighted a shift from CBDCs to stablecoins, with Brazil’s Drex project losing momentum; Bitcoin $BTC at $105,930 and Ethereum $ETH at $3,578. #Update #Crypto $BTC
Brazil Central Bank Launches Drex CBDC
The Central Bank of Brazil confirms the temporary pause in its Drex CBDC project, emphasizing continued blockchain use and future tokenization-linked settlements. #Update #Crypto
Brazil CBDC Strategy Delayed Pilot Halted
The Central Bank of Brazil halts its drex CBDC platform, shifting focus to asset collateralization, as announced by project coordinator Fabio Araujo. #Update #Finance
Chainlink Powers Real-Time CBDC Settlement
Banco Inter and @Chainlink successfully conducted a blockchain pilot enabling real-time CBDC trade settlements between Brazil and Hong Kong, enhancing global trade finance with reduced costs. #Update #Crypto $LINK
European Central Bank Launches CBDC by 2029
The European Central Bank targets a 2029 launch for its digital euro, pending legal framework agreement, amid ongoing skepticism from banks and lawmakers. #Update #Crypto $EUR
CBDC Launches Bolivia Argentina Seals $20B Deal
Bolivia explores a wholesale CBDC, while Argentina finalizes a $20 billion currency swap deal. President Milei summoned by Congress over Libra. #Update #Crypto
Stablecoin Adoption Spurs Bolivia CBDC Evaluation
The Central Bank of Bolivia plans to implement a wholesale CBDC to modernize its financial system, dismissing retail CBDC benefits. #Update #Finance
Kyrgyzstan Launches National Stablecoin Initiative
Kyrgyzstan advances its national cryptocurrency strategy, launching a stablecoin and piloting the digital som for government payments, while building a crypto reserve and partnering with Binance Academy. #Update #Crypto $BNB
Uganda Launches CBDC Backed by Bonds
Global Settlement Network partners with Diacente Group to launch a $5.5B tokenized economy in Uganda, piloting the nation’s first CBDC backed by treasury bonds. #Update #Blockchain