President-elect Donald Trump's pick for Treasury Secretary Scott Bessent says he sees "no reason" for the U.S. to have a central bank digital currency.During his nomination hearing on Thursday before the Senate Finance Committee, the hedge fund manag

U.S. senators questioning President-elect Donald Trump's nominee for Treasury Secretary, Scott Bessent, didn't spend much time on cryptocurrency issues in his nomination hearing on Thursday. But he had a chance to register strong opposition to a U.S.

Scott Bessent, US President-elect Donald Trump’s anticipated pick for the country’s Treasury secretary, faced Senators in a hearing to explain his positions on financial issues.In a Jan. 16 hearing of the US Senate Committee on Finance, Bessent respo

Happy turnaround Tuesday! While crypto participants continue to debate whether the bull market still has room to run or it's all over, grab your favorite brew and take five minutes to catch up on the latest. In today's newsletter, Sony's blockchain l

The Bank of England (BoE) is launching a "Digital Pound Lab" this year, as part of its blueprint for the design phase of a potential central bank digital currency (CBDC).The lab will operate in a sandbox environment, enabling hands-on experimentation

The former prime minister of Thailand, Thaksin Shinawatra, said there’s “no risk” in allowing the trade of stablecoins and other tokens backed by tangible assets. He also urged regulators to legalize online gambling for an added revenue stream.Accord

Kazakhstan took down 36 illegal cryptocurrency exchanges in 2024 amid ongoing efforts to combat money laundering in the region, a drop of 96% from 2023.On Jan. 6, the Financial Monitoring Agency of the Republic of Kazakhstan announced the shutdown of

Authorities in Kazakhstan have blocked more than 3,500 cryptocurrency exchanges operating illegally, according to an announcement by the Kazakh regulator, AFM RK. The crackdown resulted from joint efforts by the National Security Committee and the Mi

Rep. Mike Johnson (R-Louisiana) will get to keep the big gavel after his fellow Republicans voted to re-elect him House Speaker on Friday afternoon.Johnson, who has been publicly backed by President-elect Donald Trump, was able to garner the minimum

Argentine President Javier Milei has outlined key policy initiatives for 2025, emphasizing free currency circulation and pro-crypto regulation. The new policies under consideration would allow Argentines to conduct transactions in any currency they p

The Central Bank of Brazil (BCB) is advancing its central bank digital currency (CBDC) framework initiative by collaborating with Banco Inter, Microsoft Brazil, 7COMm, and Chainlink, according to a Nov. 19 statement. The partnership aims to support t

The Reserve Bank of Australia has launched a consultation on Project Acacia, exploring wholesale central bank digital currency and tokenized asset markets. Australia‘s central bank, the Reserve Bank of Australia, alongside the Digital Finance Coopera

A trade association for the world’s airlines is set to integrate the digital yuan into its billing systems by the end of 2024 to enhance payment options. The International Air Transport Association plans to incorporate China’s central bank digital cu

Amid growing fears that Britcoin, the UK’s central bank digital currency (CBDC), is going to supplant cash, Bank of England (BOE) governor Andrew Bailey said that the central bank will continue to supply cash “for as long as people want.” Bailey was

All roads lead to inflation, own BTC: Tudor-Jones. Saylor plans to give away BTC ‘to civilisation’. India considering banning crypto for CBDC. Metaplanet raises $66m, likely to buy BTC. Peter Todd goes into hiding after Satoshi claims. SEC makes cryp

Indian regulators have reportedly supported banning private cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH) and pushing for the use of Central Bank Digital Currency (CBDC). This development reinforces India’s CBDC push, which started years ago

The post India About to Ban Bitcoin, Eth As Government Favors CBDC Expansion appeared first on Coinpedia Fintech News India is moving closer to a major decision on cryptocurrencies like Bitcoin and Ethereum. The government is considering banning thes

Experts warn that the high investment required to join the digital ruble platform could be prohibitive for small Russian banks, as it exceeds their annual tech budgets by several times. The entry cost for Russian banks to join the Bank…

A Fellow at the Carnegie Russia Eurasia Center and former adviser at the Central Bank of Russia has weighed in on the digital ruble, Russia’s central bank digital currency (CBDC), highlighting its potential role in reshaping Russia’s financial landsc

The Brazilian Central Bank is opening the drex CBDC pilot to new entrants, aiming to test more advanced use cases and privacy solutions for the project’s second phase. Thirteen use cases have been confirmed, including carbon credits, agricultural bon