Digital Currency – Page 3

Digital pound will be pseudonymous with a focus on privacy: BoE CBDC chief

The underpinning technology for the UK CBDC could use a different ledger than the popular blockchain technology.

Singapore MAS proposes digital money standards with major industry players

The Monetary Authority of Singapore, with input from major tech giants, released a whitepaper on the standards for digital money usage such as CBDCs and stablecoins.

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Fear of a digital euro prompts Slovakia to add cash rule to constitution

Slovakia’s parliament passed a measure to amend its constitution to codify the right of its citizens to pay for goods and services with cash.

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Crypto investment products experience outflows for 9th consecutive week

Meanwhile, the altcoin price crash triggered inflows for XRP, Cardano and Polygon.

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Governor Ron DeSantis Signs Bill Prohibiting Use of Central Bank Digital Currencies in Florida

On Friday Florida’s governor Ron DeSantis signed legislation that bans the use of a central bank digital currency (CBDC) in the state. Following the bill SB 7054 being signed into law, Florida’s Uniform Commercial Code (UCC) now explicitly forbids the use of a federally adopted CBDC as money. Florida Puts the Brakes on CBDCs The […]

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Grayscale Investments Files for 3 New Exchange Traded Funds

On May 9, digital currency fund manager Grayscale Investments announced the establishment of the Grayscale Funds Trust and submitted registration filings for three exchange-traded funds with the U.S. Securities and Exchange Commission. Grayscale Introduces Grayscale Funds Trust and Files for 3 ETFs As the leading digital currency fund manager, in terms of assets under management […]

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How to send and receive payments on the Lightning Network

Learn to use Lightning Network by setting up a wallet, funding it, and using it to make and receive payments.

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Texas House Advances Gold-Backed Digital Currency Bill

Texas has taken its first steps in order to approve a bill that would issue a 100% gold-backed digital currency. If enacted as law, the bill, which is being discussed by a Texas House committee, would create an electronic system for users to transact and pay with this digital currency and would also allow them […]

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Nigeria Passes ‘National Blockchain Policy,’ Industry Player Says Central Bank Unlikely to Lift Crypto Ban

The Nigerian Federal government said on May 3 it had passed what it called the “national blockchain policy.” The Nigerian minister of communications and digital economy, Isa Pantami, said the new policy is a product of consultations with 56 institutions and personalities. Lucky Uwakwe, the founder of the technology service delivery company Sabi Group, said […]

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Zimbabwe sets price to sell gold-backed digital tokens

Zimbabwe’s central bank plans to sell gold-backed digital tokens at $10 for individuals and $5,000 for corporates.

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