North Carolina governor vetoes anti-CBDC bill
The North Carolina Governor said the bill was "premature, vague and reactionary and proposes an end result on important monetary decisions that haven't even been made yet."
Latest Federal Reserve News
SEC, California, Federal Reserve beat Silvergate Bank’s dead horse
The U.S. securities regulator announced that it had filed charges against Silvergate Capital Corporation, which operated the California-based 'crypto-friendly' Silvergate Bank.
North Carolina Assembly passes CBDC ban bill
The bill passed the Assembly in a 109-4 vote on June 26, following the passing of the state Senate in a 39-5 vote; it will now head to Governor Roy Cooper to be either signed into law or vetoed.
National Australia Bank kills off stablecoin project
NAB started work on the AUDN stablecoin in 2022 and thought clients would use it to settle cross-border transactions, but two years later, its has pulled the plug on its AUDN stablecoin.
Push for vote on anti-CBDC Act endangers bipartisan support for US stablecoin bill
As criticism grows over a digital dollar, Republicans push for an anti-CBDC bill, which industry leaders projected to disrupt bipartisan support for a much-anticipated stablecoin bill.
Jerome Powell denies having CBDC lab, study says ‘crypto’ won’t become money
U.S. Fed Chair Jerome Powell insists he's not plotting to unleash a CBDC, while a new study says concerns about BTC and other digital currency tokens ever serving as global currency are overblown.
CBDC among Federal Reserve’s key duties on payment systems
A document prepared by the Federal Reserve for presentation to Congress reveals that a CBDC is one of the key duties it’s probing, alongside FedNow and wholesale payments.
Republicans alarmed by Fed’s CBDC plans; ‘crypto’ voters prefer Trump to Biden
Republicans are sounding the alarm over the U.S. Federal Reserve’s CBDC plans, while ‘crypto’ voters prefer CBDC-opponent Donald Trump rather than Joe Biden for president.
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.
How CBDCs and stablecoins could impact monetary policy: Fed report
While TradFi has built a reputation that could withstand the test of time, CBDCs and stablecoins are making a name of their own, with the Fed acknowledging their disruptive impacts in a new report.
Reserve Bank of India opens talks with US, Hong Kong for cross-border CBDC features
India is eyeing a collaboration with U.S. Federal Reserve and HKMA for cross-border CBDC functionality to enhance international remittances and accelerate digital rupee development.
Federal Reserve governor airs doubts over CBDC benefits
Federal Reserve Governor Michelle Bowman has doubts about CBDCs, stating that “the potential uses of a U.S. CBDC remain unclear and, at the same time, could introduce significant risks and tradeoffs.”