Digital Currency – Page 5

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.

Go to Source

Crypto investment products experience outflows for 9th consecutive week

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

Go to Source

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 […]

Go to Source

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 […]

Go to Source

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.

Go to Source

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 […]

Go to Source

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 […]

Go to Source

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.

Go to Source

Florida Takes a Stand Against CBDCs: Anti-CBDC Bill Receives Overwhelming Support in House and Senate

In the wake of Florida Governor Ron DeSantis’ remarks in Jacksonville on Tuesday, both the Florida House of Representatives and Senate have approved the state’s anti-central bank digital currency (CBDC) legislation, dubbed SB 7054. The bill explicitly states that should the U.S. central bank, a federal agency, or a foreign government issue a CBDC, its […]

Go to Source

BRICS Currencies to Have No Alternative, Former Russian President Medvedev Says

Fiat currencies of BRICS member states will have no alternative in the future, according to former President of Russia Dmitry Medvedev. Nations in the bloc need to think about their digital forms and a digital currency issued by the group as a whole, the Russian politician said. Ruble, Yuan, Other BRICS Currencies to Take Over […]

Go to Source