Some central banks have dropped out of the digital currency race
There are at least four countries that have either scrapped or halted CBDC plans so far, and each central bank has its own reasoning for not launching one.
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
There are at least four countries that have either scrapped or halted CBDC plans so far, and each central bank has its own reasoning for not launching one.
Why this matters
This cryptocurrency story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
Original source
Read on CointelegraphRelated market context
Vitalik Buterin Says Maximizing ETH’s Fee Burn Would Cost Ethereum Its Decentralization
Ethereum co-founder Vitalik Buterin wants ETH holders to judge the token by how well it holds value, not by how much of it the net...
Binance to Close Accounts in Four EU Countries Dec. 31, Charging Idle Balances From Nov. 29
Bitcoin Magazine Binance to Close Accounts in Four EU Countries Dec. 31, Charging Idle Balances From Nov. 29 Binance will close cu...
Ethereum Foundation Highlights Bhutan Digital ID and Privacy-Focused Aid Experiments
TL;DR: The Ethereum Foundation has launched a public-infrastructure initiative explaining how open blockchain systems may support...
TD Cowen Gives Stablecoin Yield Ban 10% Odds as Banks Plan Push in Democrat-Led Congress
Bitcoin Magazine TD Cowen Gives Stablecoin Yield Ban 10% Odds as Banks Plan Push in Democrat-Led Congress Banks will try again to...
US Sanctions More Prince Group-Linked Companies as Crypto Scam Network Crackdown Widens
TL;DR: US officials are pursuing the corporate structures behind online investment scams, not merely the wallets receiving stolen...
PNC Bank Lets Corporate Clients Accept USDC Payments in New Coinbase-Powered Pilot
PNC Bank has opened a pilot that lets eligible clients of its Corporate and Institutional Banking unit get paid in USDC, a stablec...