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” Draft bill to ban China’s digital yuan from US app stores “ Lawmakers in the United States are moving to protect the country from the potential undesirable impacts of the global adoption of China’s national digital currency. Three Republican senators, Tom Cotton, Mike Braun and Marco Rubio, introduced a bill on May 25, aiming to limit…
” World Bank won’t support Central African Republic’s Sango crypto hub “ The World Bank has signalled its concerns over the Central African Republic (CAR) adopting Bitcoin (BTC) as a legal currency and says it won’t support the newly announced “Sango” crypto hub. At the end of April CAR president Faustin-Archange Touadéra established a regulatory…
” Brazil’s Federal Revenue now requires citizens to pay taxes on like-kind crypto trades “ Brazil’s Federal Reserve (RFB) has declared that Brazilian investors in the crypto-asset market must pay income tax on transactions that involve the like-kind exchange of cryptocurrencies; for example, Bitcoin (BTC) for Ethereum (ETH). The RFB’s declaration was published in the…
” Central bankers bellow Bitcoin on El Salvador’s Bitcoin Beach “ The orange pilling adventure in El Salvador continues. In a video that beggars belief, 44 central bankers and financial delegates from emerging markets around the world shout “Bitcoin!” while posing for a photo in El Zonte, El Salvador: And all the Central Bankers screamed…….
” Indian government’s ‘blockchain not crypto’ stance highlights lack of understanding “ Indian crypto businesses are struggling with the new tax policies as trading volumes have dried up and many established crypto firms are looking to relocate to more crypto-friendly jurisdictions. While many developed countries and even several of its Asian counterparts are actively studying…
” Bitcoin, Bukele and a bevy of central bankers meet in El Salvador “ This week, 44 central bankers from developing countries around the world are attending a conference in El Salvador to discuss financial inclusion, financing for small and medium-sized businesses and Bitcoin (BTC). Central bank delegates from Ghana to Burundi, Jordan to the Maldives…
” CBDC activity heats up, but few projects move beyond pilot stage “ Government-issued electronic currency seems to be an idea whose time has come. “More than half of the world’s central banks are now developing digital currencies or running concrete experiments on them,” reported the Bank for International Settlements, or BIS, in early May…
” ECB lays out ‘anonymous’ digital euro as public opposes ‘slavecoins’ “ The ECB released another working paper on the digital euro, providing an extensive technical analysis of a potential European CBDC and its position in the existing financial system. Issued on May 13, the working paper aims to study issues like financial intermediation, payment…
” Chairman of the Digital Euro Association: ‘The primary aim of the digital euro is still not clear’ “ The European Central Bank (ECB) is planning to launch a prototype of the digital euro in 2023. In the next five years, Europe could have its own central bank digital currency (CBDC) up and running. However,…
” Chile puts CBDC plans on hold until end of 2022 to undertake more analysis “ The Central Bank of Chile has delayed its plans for a central bank digital currency (CBDC) saying the issuance of a digital Chilean peso requires a deeper analysis of the benefits and risks, promising a new report towards the…