Thursday, April 25, 2024
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US congressman pushes bill to shield privacy in CBDCs

Minnesota Congressman reintroduces a bill targeting potential CBDC surveillance to uphold US citizens’ financial privacy rights against government monitoring. Minnesota Congressman Tom Emmer reintroduced the CBDC Anti-Surveillance State Act on Sept. 12. The bill aims to protect US citizens’ privacy rights from a potential Central Bank Digital Currency (CBDC). The bill that

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Stablecoins Gain Traction as Inflationary Shield in Latin America, Europe Also Sees Growth

Meanwhile, Central, Northern and Western Europe are the largest crypto economies worldwide thanks to DeFi, NFTs, and growing regulatory clarity, with a lower daily usage for stablecoins.“The new regulation affects all players such as service providers, token and stablecoin issuers who need to apply for licenses to operate and a

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Biden pledges ‘no cost to the taxpayer’ to shield SVB, Signature depositors

The overnight collapse of two major traditional banks — Silicon Valley Bank (SVB) and Signature Bank — triggered a series of events that impacted millions of businesses, venture capitalists and bottom-line investors alike. However, US President Joe Biden assured that no American taxpayer would feel the burn as the federal

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Blockchain can shield banks from billion-dollar trade finance scandals, says exec

The pressure induced by the ongoing economic crisis, obsolete trade finance systems and mounting geopolitical tensions is pushing the international trade finance industry down a rabbit hole. To add to the already critical situation, recent trade finance scandals involving major players such as Hin Leong, ZenRock, Agritrade and Hontop Energy amounted

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