North Carolina bans CBDCs with passage of new bill
The new bill by Republican lawmakers argues that an attempt to introduce CBDCs aims at “surveilling Americans and controlling behavior of Americans.”
The new bill by Republican lawmakers argues that an attempt to introduce CBDCs aims at “surveilling Americans and controlling behavior of Americans.”
On May 3, the U.K. government announced a blanket ban on cold calls selling financial products, including digital assets, which covers legitimate calls as well as scams.
Australia is considering a proposal to ban ransomware payments which some experts claim would disincentivize the hackers in the wake of the Latitude Financial hack.
Hong Kong stakeholders disclosed that they view the recent interest of Chinese banks with enthusiasm, but the hopes of China reversing its digital currency ban remain slim.
HSBC and Nationwide are not the only banks with digital currency purchase restrictions in the U.K., as Santander, Lloyds Bank, and Natwest Group have previously made similar moves targeting Binance.
A digital currency rumor on Twitter speculating that the SEC would ban staking for retail speculators in the U.S. rocked Coinbase CEO Brian Armstrong, ranting another rant of spewing misinformation.
The Financial Services Agency said that work is currently underway to allow the domestic distribution of stablecoins in the country but added that there would be certain restrictions.
Nepal’s crackdown on digital assets is intensifying, with ISPs now being ordered to block all BTC-related content as “transactions are increasing.”
Shaktikanta Das, head of the Reserve Bank of India, says that the best way to regulate the industry is to introduce gambling legislation to control digital assets.
In light of the FTX fallout, the Bank for International Settlements published a report on January 12 addressing the risks the digital asset industry poses and laying out the three possible roads forward.
NYAG Letitia James also requests the scrapping of two Acts currently on the table, namely: the Retirement Savings Modernization Act and the Financial Freedom Act of 2022.
Digital asset transactions from Europe to Russia had been capped at $9,900, but the European Union says there was still some level of activity, necessitating the total ban.