CBDC

Count former President Donald Trump among those concerned about Central Bank Digital Currencies (CBDCs) and the advancements in artificial intelligence (AI). What Happened: "Very dangerous. It's very dangerous. One day you don't have any money in your account. It can be a very...

Two U.S. presidential candidates have taken a firm stance against central bank digital currencies (CBDC). Donald Trump and Robert F. Kennedy Jr. have both declared their opposition to the U.S. adopting this form of currency. What Happened: Kennedy Jr., exploring a bid as a Libertarian candidate,...

Former President Donald Trump reiterated his opposition to the development of central bank digital currencies (CBDCs) during a rally in Laconia, New Hampshire, on Monday night. What Happened: Speaking to the crowd, Trump stated, “Vivek wanted this: I will never allow...

Morgan Stanley is highlighting increasing interest in central bank digital currencies (CBDCs) in a recent report about the potential decline of the U.S. dollar's global dominance.  What Happened: The bank's report suggests a significant trend toward...

The Venezuelan government has reportedly put an end to its official cryptocurrency, the Petro. But what was the Petro? And why did it fail to solve the country's 359.99% inflation rate in 2023? The Petro: A Failed Experiment Venezuela may have become the first country to...

The meme cryptocurrency named after Donald Trump, known as TRUMP, has seen its value on decentralized exchanges jump by 50% What Happened: This comes in the wake of a statement by the former President and current Republican leadership contender Trump regarding his stance on central bank digital...

Former President Donald Trump, on Wednesday, spoke against the idea of the United States adopting a Central Bank Digital Currency. What Happened: During a campaign stop in New Hampshire, Trump said, “Tonight I’m also making another promise to protect Americans from government tyranny. I...

Rep. Warren Davidson (R-Ohio) has made a plea to Congress advocating for a prohibition on Central Bank Digital Currencies and seeking criminal penalties for their creation. What Happened: Davidson on Tuesday said, “CBDCs poses an existential threat to western civilization. Sound money serves...

Bank of Korea (BOK) Gov. Rhee Chang-yong highlighted the rapid evolution of the digital financial landscape and its implications for central banks worldwide at a conference, "Digital Money: Navigating a Changing Financial Landscape," last Friday. What Happened: Rhee...

Bitcoin’s (CRYPTO: BTC) year-to-date performance of 156% gains stood significantly ahead of gains reported by Nasdaq (-11%), S&P 500 (+23%), and Gold (SPDR Gold Trust +9.6%). What Happened: The year 2023 witnessed a major increase in institutional involvement in cryptocurrencies. Close...

The Financial Services Commission (FSC) of South Korea declared that starting in July 2024, investors in digital assets will be entitled to earn interest on their deposits held at exchanges. What Happened: These exchanges will be mandated to segregate customer deposits from their own assets and...

At the University’s debate in Tuscaloosa, Republican candidates spoke about cryptocurrency regulation, Central Bank Digital Currency (CBDC), and its potential dangers.  What Happened: Eliana Johnson of the Washington Free Beacon probed candidate Vivek Ramaswamy regarding his advocacy for...

China’s central bank digital currency (CBDC) development is in its final stages, according to the former governor of the People’s Bank of China (PBOC), indicating a significant stride towards the country’s digitalization of its financial system. What Happened: Zhou Xiaochuan, the...

Independent Presidential candidate Robert F. Kennedy Jr. reiterated his worries about central bank digital currencies (CBDCs) and their potential threat to financial autonomy, promoting Bitcoin (CRYPTO: BTC) as a potent solution. What Happened: In conversation with Peter McCormack on the “...

Standard Chartered ADR (OTCMKTS: SCBFY) Bank (China) announced it initiated the offering of digital yuan exchange services to customers. What Happened: The multinational bank’s China division is working with City Bank Clearing Services to give customers access to the digital yuan's...