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Trump won the U.S. elections today. We will explore other past statements from the newly elected president. A few months ago, on July 27, the mood was electric at Nashville’s Music City Center. Crypto fans packed the hall to hear Donald Trump speak. His crypto agenda matters more than ever after winning the 2024 election. Nobody expected cryptocurrency to be such a big deal in his campaign. The crowd went wild when Trump said America would become “the crypto capital of the planet and the Bitcoin superpower of the world.” Bitcoin’s price shot up to $75,000 right after. Also Read: Dogecoin’s Meteoric Rise: Surpasses XRP in Stunning Price Surge Trump’s Crypto Vision: Market Reactions and Future Prospects A Complete Policy Reversal It’s funny how things change. Back in 2019, Trump really didn’t like crypto. He wrote: “I am not a fan of Bitcoin and other Cryptocurrencies, which are not money, and whose value is highly volatile and based on thi...

Bank de France has unveiled the outcomes of its wholesale central bank digital currency (wCBDC) trial. The experimentation comprised twelve diverse tests carried out over the past three years in collaboration with several European central banks, commercial banks, and partners in the fintech space. It sought to test various models for issuing wCBDC and understand how these digital currencies can impact the different aspects of the financial system. La #BanquedeFrance publie un second rapport sur la monnaie numérique de banque centrale (#MNBC) wholesale ("de gros"), à destinations des acteurs financiers, sur la base de 12 expérimentations. Trois modèles ont été testés, afin de vérifier leur faisabilité opérationnelle.… pic.twitter.com/UQHed0scb8 — Banque de France (@banquedefrance) July 21, 2023 A wCBDC is a central bank-issued digital banknote specifically meant to settle large-volume transactions between financial institutions. The experiments led to several key ...

Speaking on the recent FedNow announcement, Florida Governor Ron DeSantis says that a Federal Reserve digital dollar threatens US financial freedom. Specifically, the potential 2024 presidential candidate says a CBDC could be nefariously utilized by the government to “control,” American finances. Speaking at a Pennsylvania conference, DeSantis addressed the potential implementation of FED-issued digital currency. Moreover, he spoke on how this development could allow the government to interfere with, or even block, citizens’ transactions. Florida Governor Ron DeSantis says a Federal Reserve digital dollar threatens US financial freedom. — Watcher.Guru (@WatcherGuru) April 7, 2023 DeSantis Attacks FED Digital Dollar Joining a recent outcry against the Federal Reserves FedNow system is yet another potential presidential candidate for 2024. Previously, Robert F. Kennedy spoke against the potential integration of a FED-developed digital dollar, and what that could me...

One of the banking partners in the cross-border remittance service is also part of the government’s CBDC program. India’s national payment network, called the unified payments interface (UPI), is expanding its services beyond Indian borders to Singapore. The cross-border connectivity between Singapore and India via their respective rapid payment systems, namely PayNow and the UPI. Shri Shaktikanta Das, governor of the Reserve Bank, and Mr Ravi Menon, managing director of the Monetary Authority of Singapore, launched the facility through token transactions using the UPI-PayNow linkage. The UPI-PayNow integration will allow users of the two nations to send money across borders quickly. It is possible to send or receive money from India using only a UPI-id, cellphone number, or Virtual Payment Address for money held in bank accounts or e-wallets (VPA). UPI's instant real-time payment system helps to transfer cash immediately via a mobile interface between the two bank accounts. UPI ...