CBDC

The Blockchain Basics Act bans Louisiana from participating in any CBDC tests or accepting payments in CBDCs, although it does not ban other digital currencies.

CBDCs are a convenient tool for fighting tax evasion, corruption, and crime, but they pose a severe privacy threat. Examples illustrate that ongoing CBDC pilots are not welcome by citizens.

The Russian government is bringing out the big guns against Bitcoin and altcoins. The restrictions on crypto trading will create a more favorable environment for the digital ruble and state-controlled digital assets.

Top finance institutions have joined forces to push forward with the Regulated Liability Network (RLN) project. The initiative aims to enable final settlements within one multi-asset platform, allowing for programmable retail CBDC.

Russia is about to impose CBDC obligations on major companies, according to a press leak. Only small retailers will be exempt from the new requirements.

The digital ruble will make commercial banks mostly useless, according to the Russian official. The change will happen gradually and transfer the control over the money system into the hands of central banks.

The payment giant has recently unveiled its PayPal USD (PYUSD) stablecoin, which is seen as a strategic move by the company to capture a share of the growing crypto market.