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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 … Read more
Leadership at the Fed will likely have an impact on how the U.S. government handles the potential issuance of a central bank digital currency. Go to Source Powered by WPeMatico
Argentina’s central bank banned payment providers from offering crypto transactions, adding that it intends to reduce the country’s payment-system exposure to digital assets. Go to Source Powered by WPeMatico
The White House national strategy listed eight emerging technologies with a focus on building international standards and finding use cases in the economic sector. Go to Source Powered by WPeMatico
Vice President Harris gathered the heads of several AI development firms to discuss potential risks posed by the budding technology. Go to Source Powered by WPeMatico
The May 2 blog post by the White House’s Council of Economic Advisers (CEA) has already attracted strong criticism from the community. Go to Source Powered by WPeMatico
Decentralized exchange UniSwap and venture capital firm Andressen Horowitz were revealed as former clients of LaBolt in a recently published public financial disclosure report. Go to Source Powered by WPeMatico
Failure to register as a stablecoin issuer could result in up to five years in prison and a fine of $1 million. Issuers out of the United States would have to seek registration to operate in the country. Go to Source Powered by WPeMatico
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 … Read more
President Biden urges technology companies to prioritize secure AI products before public release, stressing the need to address potential risks to society, national security and the economy. Go to Source Powered by WPeMatico