President Javier Milei recently advocated for maintaining a separation between cryptocurrency and state control. Speaking at “Meta Day Argentina,” an event held at the Palacio Libertad Domingo Faustino Sarmiento, Milei criticized central bank digital currencies (CBDCs) and advocated for the private management of cryptocurrencies, warning against government overreach. Opposition to CBDCs and State Control In his speech, the president declared, “Do not let the state take over...
Read More »Bank of Canada Halts Digital Dollar Project Amid Global Surge in CBDC Development
Canada has reportedly paused its Central Bank Digital Currency (CBDC) project, which started in 2017. According to a September 18 CBC news story, following years of research into the potential for a digital version of the Canadian dollar, the local central bank has decided to move away from the initiative. Bank of Canada Rethinks Digital Currency Plan The CBDC project was started in response to rapid digitalization and changing payment habits among Canadians. In 2022, the...
Read More »Consumers Prefer Cash Over CBDC: Deutsche Bank Survey
While several central banks across the globe are actively exploring the feasibility of launching a Central Bank Digital Currency (CBDC), a recent survey has revealed that cash will not be going away anytime soon as a majority of consumers are not enthusiastic about using those products. The survey, conducted by Deutsche Bank, Germany’s leading investment bank, polled 4,850 respondents from Europe, the United Kingdom, and the United States. A majority of the respondents stated...
Read More »North Carolina Passes House Bill 690 to Block Federal CBDC Testing
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Read More »India’s RBI Chief Warns Against Rushing Full-Scale Rollout of Retail CBDC Pilot
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Read More »Trudeau’s Rival Pledges to Protect Cash Usage, Vows to Ban CBDC in Canada
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Read More »Tech Giants Join e-Rupee Pilot: Google Pay, Amazon Pay, and Others Embrace India’s Digital Currency
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Read More »Digital Euro CBDC: A Step Towards Cashless Society or Surveillance State?
On June 25, the ECB published an update on its two-year preparation phase for the digital Euro CBDC that ends in October 2025. The central bank said that privacy and data protection are its top priorities, but there are a number of disturbing features to the currency that would result in the total opposite. On June 26, crypto entrepreneur and investor Daniel Batten highlighted a few of them. JUST IN: ECB announce first progress report on the digital Euro Features:– easier to...
Read More »Swiss National Bank Extends Wholesale CBDC Pilot Program by at Least Two Years
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Read More »IMF: CBDCs Can Help Middle-East Boost Its Financial Inclusion Plan
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