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Montenegro intends to create and issue its own digital currency with help from U.S.-based crypto company Ripple. The Southeast European nation, which adopted the euro unilaterally, is moving to realize the plan despite the eurozone developing a digital version of the common currency. Monetary Authority of Montenegro to Cooperate With Ripple on ‘National Stablecoin’ Project […]Powered by WPeMatico
The Swedish central bank’s third report on a potential CBDC raised several issues while focusing on a rather narrow question.
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On Monday, Robert F. Kennedy Jr. once again cautioned the public to be wary of central bank digital currencies (CBDCs), and he insisted that the Biden administration has launched a “steady barrage of hostile broadsides against cryptocurrencies.” Kennedy, who recently filed to run for president of the United States in the 2024 election as a […]Powered by WPeMatico
The deal, teased in January, could create a national digital currency for a country that now uses the euro.
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The two presidential hopefuls are of the opinion that FedNow is the first step in launching a CBDC that threatens privacy and autonomy.
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Within the next decade, the U.S. dollar will play a much less dominant role than it is today, according to Jeffrey Sachs. The renowned economist listed a few factors for the diminishing status of the greenback such as its use as a political weapon by Washington, the introduction of currencies like the digital yuan, and […]Powered by WPeMatico
The U.S. Central Bank has issued an update regarding the Federal Reserve’s Fednow project, which is scheduled to commence in July. The Fed has responded to recent criticism of the Fednow service and asserts that the Fednow payment network is “neither a form of currency nor a step toward eliminating any form of payment, including […]Powered by WPeMatico
Two Republican lawmakers from Texas, senator Bryan Hughes and representative Mark Dorazio, have introduced legislation to create a gold-backed digital currency that could be enacted by the state legislature. The policymakers believe that this currency could greatly benefit the Lone Star State and, as an alternative digital currency, it could provide Texas residents with the […]Powered by WPeMatico
Presidential hopeful Robert F. Kennedy Jr. has issued a warning regarding the Federal Reserve’s new Fednow system and the potential risks of central bank digital currencies leading to financial slavery and political tyranny. He additionally warned: “We should not be blind to the obvious danger that this is the first step in banning and seizing […]Powered by WPeMatico
President John F. Kennedy’s nephew also worries that the government will seize the public’s Bitcoin.
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