The White House said President Trump supports a proposed $600 de minimis tax exemption for crypto transactions and remains opposed to a U.S. central bank digital currency, signaling a more crypto-friendly policy direction.
In his first policy speech, Bank of Korea Governor Shin Hyun-song signaled that South Korea’s digital money future will center on a CBDC and bank-issued deposit tokens, not private stablecoins.
The Reserve Bank of India reports that its digital rupee retail pilot has reached 5 million users and 420,000 merchants as of June 2024, emphasizing CBDC's role in complementing cash and fostering financial inclusion.
The U.S. House Financial Services Committee passed the CBDC Anti-Surveillance State Act with support from 60 lawmakers, blocking the Federal Reserve from issuing a retail CBDC to prevent government surveillance of personal finances.
The Reserve Bank of India's latest report reveals that the retail CBDC pilot has reached 5 million users and 420,000 merchants as of June 2024, aiming to complement cash and existing payment systems while exploring programmable and offline functionalities.
The Reserve Bank of India reports 5 million retail digital rupee users and 420,000 merchants as of June 2024. The CBDC aims to complement cash and existing payment systems, boosting financial inclusion and cross-border efficiency. India is one of 36 countries with ongoing CBDC pilots.
A House committee has advanced the CBDC Anti-Surveillance State Act, a bill backed by 60 members of Congress that seeks to block the Federal Reserve from issuing a retail CBDC and using it as a policy tool.
China’s central bank says Mbridge could improve cross-border payments by cutting friction without creating new barriers. The CBDC platform, now expanding participation, is increasingly seen as a potential force in reshaping settlement networks and the broader currency landscape.
