130 countries are exploring CBDCs
New data shows that 130 countries, representing 98% of the world’s total GDP, are now exploring central bank digital currencies (CBDCs).
US House of Representatives passes anti-central bank digital currency bill to prevent surveillance state
On May 23, in a vote of 216–192, the US House of Representatives passed the CBDC Anti-Surveillance State Act. Assuming the bill passes the senate following debate, this will explicitly prohibit the Federal Reserve from issuing central bank digital currencies to any person or institution.
Digital ID law passes in Australia
According to yesterday’s news release, the Australian government can now move full-steam ahead with establishing an “economy-wide” digital ID system, which is being called “voluntary”… for now.
Bank of Israel issues guidelines on promoting digital currency acceptance
The Bank of Israel has indicated that it will introduce CBDCs if the US and/ or Europe decides to do so as well.
Millions of Brits would struggle in cashless society favoured by wealthy
More than 10 million Brits would struggle to live in a cashless society that’s favoured by the economically secure, found a new report.
#BoycottStarbucks trends after Starbucks announces it’s going cashless
A Starbucks store with a sign declaring that it will be going cashless has sparked widespread outrage and more than a little speculation, with many believing that this will apply to every store in the UK.
Pierre Poilievre wants to ban central bank digital currency
Conservative leadership candidate Pierre Poilievre has added banning Trudeau’s central bank digital currency to his agenda after being elected Prime Minister.