Quick Take: Trump Bans CBDCs, Defines Them as โCentral Bank Liabilityโ
The order prohibits any federal agency from developing or promoting CBDCs.
The order prohibits any federal agency from developing or promoting CBDCs.
Speculation persists on whether the strategic stockpile would focus solely on bitcoin, as previous rumors suggested, or include U.S.-founded tokens like SOL, XRP, and USDC in an “America-first” reserve.
The BSP has released some findings on the completion of its CBDC project.
Chinaโs digital yuan (e-CNY) leads global efforts, with transaction volumes reaching $986 billion by June 2024.
At the recent MIT Bitcoin Expo, three experts agreed that central banks around the world have not yet figured out whether they issue digital currencies via distributed ledger technologies (DLT) like blockchain or still the traditional centralized system.