CBDC
US Representative Warren Davidson: ‘CBDC Corrupts Money Into a Tool for Coercion’
Warren Davidson, U.S. representative and part of the House Committee on Financial Services, has disregarded issuing a central bank digital currency (CBDC) in the country. Davidson explained that CBDCs corrupt money into a “tool for coercion” and detailed that there was no legal way of issuing such a currency without legislation. U.S. Representative Warren Davidson:…
Read MoreCBDCs Gain Momentum: 130 Countries Now On The Runway
As digital currencies such as CBDCs begin to take a more pivotal role in the global economy, recent studies indicate an increase in their adoption rate among the world’s economies. Currently, 130 countries, which make up 98% of the global economy, are investigating the potential of digital versions of their currencies, with almost half progressing…
Read MoreBank of England-Backed Project: CBDCs Could Enable ‘Programmability’ for Money
The ‘Project Rosalind’ software trial found that central bank digital currencies could enable smart contract-like features for transactions. By Alys Key Jun 19, 2023 While central bank digital currencies (CBDCs) are becoming a hot-button political topic in the U.S., central bankers on the other side of the Atlantic have been looking into what uses the technology actually…
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