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Showing results for tags 'cbdc'.
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According to a statement released yesterday, the Central Bank of Turkey (CBRT) has successfully carried out the first test payment transactions of its central bank digital currency (CBDC), the Digital Turkish Lira, on its CBDC network. The CBRT has stated that it will continue to run “small-scale, closed-loop application pilot tests” with technology stakeholders in the first quarter of 2023. It will later expand the pilot to include selected banks and financial technology companies over the course of the year. https://cointelegraph.com/news/turkey-s-central-bank-completes-first-cbdc-test-with-more-to-come-in-2023 -
“Beijing has tested expiration dates to encourage users to spend it quickly” This is why we need Bitcoin Governments and economists salivate over this kind of manipulation and control
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CBDC's based on Ethereum anyone? Or would you prefer Bitcoin and Freedom?
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Three Republican senators, Tom Cotton, Mike Braun, and Marco Rubio, introduced a bill on Wednesday to prevent platforms from hosting apps that enable transactions in China's digital yuan. The lawmakers cited concerns that the technology could be used to spy on US residents. The bill titled "Defending Americans from Authoritarian Digital Currencies Act" intends to ban the use of China's digital currency payment system, e-CNY, for app stores and other uses in the United States. Senator Cotton, a known proponent of the U.S. digital dollar project, stated “The Chinese Communist Party will use its digital currency to control and spy on anyone who uses it. We can’t give China that chance” https://cointelegraph.com/news/draft-bill-to-ban-china-s-digital-yuan-from-us-app-stores
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I think they should just embrace bitcoin personally. 😉
