Tag: financial inclusion

CBDC Failed: Congress Is Banning CBDC With Massive Support

Tina Marie (Ms. Cat)
Lena Petrova, CPA – Finance, Economics & Tax

Related:

Dueling Digital Dollar Bills Debated in Congressional Hearing on U.S. CBDC

Will Citizens’ Distrust of Government Surveillance Stop CBDCs?

But the eNaira launch came nine months after the CBN effectively banned cryptocurrencies, which were used to fund anti-police brutality protests that swept the country in late 2020. The CBN claimed crypto jeopardized the financial system and could be used to fund terrorism and froze protestors’ bank accounts.

Federal Reserve System Takes First Step Toward Creating Its Own Digital Currency

Tina Marie (Ms. Cat)

Federal Reserve System Takes First Step Toward Creating Its Own Digital Currency

While the Paper examines the potential benefits and risks of a U.S. CBDC, it is not intended to advance any specific policy outcome, nor is it intended to signal that the Fed will make any imminent decisions about the appropriateness of issuing a U.S. CBDC. However, the Paper undoubtedly is the Fed’s first step toward central bank digital currencies via a public discussion with its stakeholders.