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CBDC
SEC Chair Gary Gensler: A Ban on Crypto Would Be ‘Up to Congress’
Responding to whether the SEC had any plans to follow China’s lead in banning cryptocurrency in favor of a prospective central bank digital currency (CBDC), SEC Chair Gary Gensler said Tuesday, “No, that would be up to Congress,” suggesting the agency has no plans to ban crypto.
Rep. Tom Emmer on Crypto Regulation, CBDCs, Infrastructure Bill
During Thursday’s House Financial Services Committee meeting, U.S. Federal Reserve Chairman Jerome Powell said he does not intend to ban cryptocurrencies but signaled stablecoins need greater regulatory oversight. Committee member Rep. Tom Emmer (D-Minn.) reacts.
New Zealand’s Reserve Bank Seeks Public Input on Digital Dollar Before December Deadline
The bank said in its papers that it sees trends in the use of cash which “present an opportunity” to consider broadening central bank money.
Bank of England to Intervene on Digital Currency ‘Programming’
“The Hash” panel discusses the specifics, reactions, and implications for the Bank of England reportedly telling its ministers to decide whether a central bank digital currency (CBDC) should be “programmable,” allowing the issuer to control the way the recipient spends it.
Ripple to Pilot Bhutan’s CBDC Using Private Ledger
The test is part of Bhutan’s goal to bring its population to 85% financial inclusion status by 2023.
China to Build Global Clearing Network for Mobile Payments Using Digital Yuan
According to the People's Daily, China aims to build an international clearing and settlement network for mobile payments using the digital yuan, saying renminbi (RMB) internationalization is inevitable. Meanwhile, the central government is tightening its grip on control as it's now issuing guidance for time spent on video games. "The Hash" hosts discuss the latest on China's central bank digital currency (CBDC) pilot, its implications for global finance, and if China's political model impedes innovation.
35 Chinese Banks Add Digital Yuan to Apps as Lenders Prepare for Adoption: Report
Another 94 banks plan to access the CBDC via a clearing platform.
Thailand CBDC Trial to Test Use as Cash Substitute
The CBDC will be used for "cash-like activities within a limited scale," such as paying for goods and services.
Poly Network Mostly Recovers Stolen Assets, Rario Launches Cricket NFT Platform
Poly Network says stolen assets are mostly returned. Samsung reportedly joins South Korea CBDC pilot. Indian-founded Rario launches cricket NFT platform. We’ll have more on that story and other news shaping the cryptocurrency and blockchain world in this episode of "The Daily Forkast."
Samsung Plans to Participate in South Korea’s CBDC Pilot
Samsung Electronics will reportedly take part in the Bank of Korea (BOK)'s central bank digital currency (CBDC) pilot with a focus on remittances. The electronics giant plans to test the functionality of the pilot with its Galaxy smartphone and look at whether transactions can be completed without internet availability. "The Hash" squad discusses the implications for tech innovation in the crypto space in South Korea, which was once hailed as the next global blockchain hub.