Anti-CBDC bill introduced in US Senate
The five senators, led by Senator Ted Cruz, claim that a digital dollar is the Biden administration’s attempt to illegally surveil citizens’ spending habits.
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Turkey’s two-tier CBDC to support programmable payments
The digital lira will also focus on user privacy and only support one account per user, accessible through all intermediary financial institutions, according to the Central Bank of the Republic of Turkey.
FSB pushing forward with coordinated digital asset regulatory approach
In a letter to finance ministers from the G20 countries ahead of the São Paulo meeting, the chairman of the Financial Stability Board also pledged to explore the impact of asset tokenization.
IMF recommends CBDCs, stablecoins for Pacific Island nations, attacks ‘unbacked crypto’
The needs of Pacific Island nations are diverse, and those with national currencies can try CBDCs while those without can opt for stablecoins: just not ‘crypto,’ according to the IMF.
Google suspends AI image generator after ’embarrassing’ results
Google has suspended its AI image generator on Gemini after it produced controversially inaccurate images in its attempt to recognize and promote diversity.
South Africa to explore stablecoins for digital payments
In its new budget proposal, South Africa pledged to explore stablecoins, blockchain, and the tokenization of real-world assets over the next fiscal year.
Thai SEC wants to revoke Zipmex license
The Thai securities regulator wrote to the finance minister proposing that he revoke the Zipmex license over its failure to maintain net capital and insufficient management.
Binance banned in Nigeria over ‘sophisticated heist’ against the economy: report
The Nigerian ‘crypto’ market is in uproar after government officials banned exchanges like Coinbase and Binance over their alleged “sophisticated heist against the Nigerian economy.”
Argentina rushes to regulate digital assets as FATF evaluation looms
Reports say that President Milei will issue an emergency decree to bring all ‘crypto’ activity under regulatory oversight before FATF’s visit in March.
Kenya forms ‘crypto’ working group after addition to the FATF grey list
Kenya joins neighbors Tanzania and Sudan and regional heavyweights South Africa and Nigeria on the grey list, with digital assets among the FATF’s concerns.
EU’s new AML watchdog to be based in Frankfurt
Frankfurt beat bids from Madrid, Paris, Rome, and five other cities to host AMLA, a new 400-member agency whose anti-money laundering mandate will include digital assets.
Apple’s new security protocol protects against quantum computing attacks
With the upcoming release of iOS 17.4, Apple says its iMessage users will be guaranteed protection against futuristic attacks from quantum computing.