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CBDCs
Former CIA Analyst on Role of Crypto as US Expands Sanctions Against Russia
Yaya Jata Fanusie, chief strategist at Cryptocurrency AML Strategies and former CIA analyst, joins “First Mover” to discuss U.S. President Joe Biden’s new sanctions targeting Russian banks and technology exports following Russia's invasion of Ukraine. Fanusie provides insights on the role of cryptocurrencies amid government sanctions, central bank digital currencies and whether Russia can be excluded from the Swift system.
India Edges Toward Crypto Legalization With 30% Tax, Announces Digital Rupee Launch
Indian Finance Minister Nirmala Sitharaman announced a 30% tax on any income from the transfer of digital assets on Tuesday. She also said the digital rupee will most likely be issued by 2023, despite the lack of regulatory clarity.
Key Takeaways From CoinDesk’s Investigative Report on Trump-Era Crypto Policy
CoinDesk filed a Freedom of Information Act (FOIA) request with the U.S. Treasury Department for former Treasury Secretary Steven Mnuchin’s crypto-related emails. In turn, it received documents that shed light on how the Treasury Department under former President Donald Trump broadly viewed crypto, including those who advocated for CBDCs.
BIS Report Questions Whether Stablecoins, CBDCs Can Create Risks in Developing Countries
A new paper released Friday by the Bank for International Settlements (BIS) reveals although stablecoins may be adopted in some emerging markets and developing economies (EMDE), they may also present wider challenges and not address problems that other fintech innovations are tackling. "The Hash" panel discusses the key findings, examining the conflation between stablecoins and CBDCs.
Crypto 2022 Policy Week: Reckoning With Regulation
Steven Kelly, research associate at Yale University's Program on Financial Stability, discusses what to expect from the Federal Reserve’s report on CBDCs, stablecoins and crypto, and what crypto regulation could look like in the U.S.
Visa Working on Interoperability Platform for Stablecoins and CBDCs
Payments behemoth Visa has proposed a platform to enable interoperability between central bank digital currencies (CBDCs) and other stablecoins. The “universal payments channel” (UPC) aims to allow the cryptocurrencies to be transferred between different blockchain networks.
