CBDCs
Former CIA Analyst on Role of Crypto as US Expands Sanctions Against Russia
Yaya Jata Fanusie, chief strategist at Cryptocurrency AML Strategies and former CIA analyst, joins “First Mover” to discuss U.S. President Joe Biden’s new sanctions targeting Russian banks and technology exports following Russia's invasion of Ukraine. Fanusie provides insights on the role of cryptocurrencies amid government sanctions, central bank digital currencies and whether Russia can be excluded from the Swift system.
India Edges Toward Crypto Legalization With 30% Tax, Announces Digital Rupee Launch
Indian Finance Minister Nirmala Sitharaman announced a 30% tax on any income from the transfer of digital assets on Tuesday. She also said the digital rupee will most likely be issued by 2023, despite the lack of regulatory clarity.
Key Takeaways From CoinDesk’s Investigative Report on Trump-Era Crypto Policy
CoinDesk filed a Freedom of Information Act (FOIA) request with the U.S. Treasury Department for former Treasury Secretary Steven Mnuchin’s crypto-related emails. In turn, it received documents that shed light on how the Treasury Department under former President Donald Trump broadly viewed crypto, including those who advocated for CBDCs.
Swiss Central Bank Ready to Run With wCBDC in January: ‘Just Takes a Policy Decision’
SNB has completed testing of a wholesale CBDC with Swiss exchange SDX, and is technically ready to go live, according to governing board member Thomas Moser.
CBDCs for the People? Where the Current State of Digital Currency Research Leads
A look at central bank digital currency studies and where they might lead.
The Downside of Programmable Money
Software bugs aren’t the half of it, says Steven Kelly of Yale in a Q&A with CoinDesk. “You can’t preprogram the exigencies of a crisis.”
Let the Market Come Up With Better Money Tech
There are better alternatives to fiat currencies available and the private sector is providing them, says Cato’s James Dorn. This op-ed is part of CoinDesk’s Future of Money Week.
Indonesia’s Central Bank Wants to ‘Fight’ Crypto With CBDC: Report
“We assume that people would find CBDC more reliable than crypto,” a bank official said.
NY Fed Launches Fintech Research Wing With BIS Help
The NYIC will be led by PwC alum Per von Zelowitz, who joined the New York Fed in July.
Tanzania Plans to Launch CBDC After eNaira Launch: Report
The country’s central bank has reportedly begun preparations for its own CBDC.
