This CBDC Act Will Prevent The US Government From Surveilling Citizens’ Finances
Tom Emmer, the House Majority Whip serving as the representative for Minnesota’s 6th congressional district for the last seven years, is introducing the Central Bank Digital Currency (CBDC) Anti-Surveillance State Act to prevent the government from “violating citizens’ right to privacy” should they go in this direction.
Bank of Russia to Start Testing Digital Ruble With Real Users on April 1
The Central Bank of Russia plans to launch test operations with digital ruble transactions between real customers at the beginning of April. More than a dozen banks will join the upcoming stage of the pilot project, a high-ranking representative of the bank announced to Russian media. The plan is to start with transfers between individuals and payments between trade and service companies, the top official detailed. Skorobogatova emphasized that these will be “real transactions” and “real customers” of 13 banks that are ready to take part. (Bitcoin.com)
San Fransisco Fed Hiring for Digital Currency Development
The Federal Reserve Bank of San Francisco is looking for software developers to help research and design a central bank digital currency (CBDC).
SEC Charges Terraform Labs and CEO; Binance US Moved $400M to Trading Firm Linked to CZ | Cointime Weekly Feb.12 – Feb.18
NFT marketplace Wars: Blur tells users to ban OpenSea, OpenSea drops fee to 0%; SEC to sue crypto Trust Co. Paxos, Paxos will no longer issue BUSD; Bank of Russia to pilot CBDC in April.
Bank of Russia to Pilot CBDC in April
The Bank of Russia's central bank digital currency (CBDC), the digital ruble, is ready for a pilot phase, said bank's deputy governor Olga Skorobogatova on Friday.
Bank of Japan To Launch Its CBDC Pilot in April, Following…
In PoC Phase 1, which started in April 2021, the central bank focused on basic CBDC transactions, such as issuance, payout, and transfer. The PoC Phase 2 started in April 2022, where the bank implemented more complex functions. Moreover, it confirmed that the CBDC system’s processing performance could be maintained.
Nigeria’s CBDC Program Called ‘A Very Dark Experiment’
Referencing the e-Naira, Journalist Nick Corbishley said, “A very dark experiment is underway in Nigeria.”
Bitget Partners With Capitual To Participate in Brazil CBDC Project
Crypto exchange Bitget (BGB) announced its partnership with the fintech company Capitual to participate in Brazil’s Central Bank Digital Currency (CBDC) project.
India’s Retail CBDC Pilot Onboards 50K Users, RBI to Continue With ‘Go Slow’ Approach
India’s retail CBDC pilot, launched on December 1, has onboarded 50,000 users and 5,000 merchants. In the two-month period, 0.77 million e-rupee transactions were carried out, the Reserve Bank of India (RBI) said.
On the Nature of Central Banks (As Firms) and the Emergence of Central Banking
CBDC’s are being blindly resisted by libertarians and bitcoiners alike. I think they don’t understand CBDC’s and I think they and many economists wouldn't believe me if I told them what CBDC’s are.
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