Sen. Cynthia Lummis praises Bitcoin, calls CBDCs ‘the beast’

Sen. Cynthia Lummis reiterated her Bitcoin agenda on Friday and derided the merits of Central Bank Digital Currencies (CBDCs) in an interview with Fox Business host Larry Kudlow. In a recent interview with Fox Business on Friday, July 13, Lummis emphasized the potential benefits of Bitcoin reserves in bolstering the US dollar’s global strength. The Wyoming...

New Zealand’s central bank starts consultations on Bluetooth-friendly CBDC

New Zealand’s central bank has started exploration into launching a central bank digital currency, with ongoing investigation projected until approximately 2030. The Reserve Bank of New Zealand is now exploring the introduction of a central bank digital currency (CBDC) also known as “digital cash,” as innovations in money and payments are “challenging New Zealand’s monetary sovereignty,” according to...