• Powell Digital dollar high priority
    Cryptocurrencies,  Politics,  Regulation

    Fed’s Powell: 2021 ‘an important year’ for digital dollar

    Federal Reserve Chairman Jerome Powell said 2021 will be a key year for the U.S. as it decides whether to create a digital currency, and what it would look like

    Speaking before the House Financial Services Committee on Feb. 24, Powell said 2021 “is going to be the year that we engage with the public pretty actively” on the digital dollar project. He added that there are still significant technical challenges to be met, as well as major policy decisions to be made, before the U.S. decides to create a digital dollar.

  • India launch digital rupee
    Cryptocurrencies,  Politics,  Regulation

    India preparing to launch digital rupee

    The Reserve Bank of India’s governor said that it is ‘very much in the game’ in getting ready to launch a central bank digital currency

    Central bank governor Shaktikanta Das said that there is still no set date for the launch of the digital rupee, but highlighted that the project is “receiving our full attention” and that the central bank is already tying up loose ends by working on the technology and the procedural aspects of the system.

  • Miami mayor embraces bitcoin
    Bitcoin,  Politics,  Regulation

    Miami Mayor: Pay city workers, accept taxes in Bitcoin

    Mayor Francis Suarez wants to make Miami a player in the cryptocurrency industry, and hopes to convince the state to let it invest in Bitcoin

    “I want to thank the city of Miami commissioners for supporting my resolution which directs the city manager after analysis to procure a vendor to be able to offer our employees to get a percentage of their salary in Bitcoin, allows our residents to pay for fees in Bitcoin, and also allow the city manager to cooperate with Miami-Dade County to allow for taxes to be paid in Bitcoin," Suarez said in comments posted on Twitter.

  • India close digital rupee decision
    Cryptocurrencies,  Politics,  Regulation

    India close to deciding on digital rupee as crypto ban advances

    The Reserve Bank of India says it will decide “very soon” whether to create a central bank digital currency, while a bill banning cryptocurrencies advances

    The announcement comes in the wake of reports last week that prime Minister Narendra Modi’s government plans to pass a “Cryptocurrency and Regulation of Official Digital Currency Bill” that establishes a legal framework for a CBDC while banning private cryptocurrencies—although certain exceptions would be made for tokens used by blockchain projects.