Bank of England Considers Abandoning Digital Pound Plan
BlockBeats News, July 23rd, According to Bloomberg, the Bank of England is considering abandoning its Central Bank Digital Currency (CBDC) plans. Bank Governor Andrew Bailey stated that if commercial bank payment innovations are successful, he would need "a lot of persuasion" to introduce digital pounds, marking a global decline in support for government-backed digital currencies.
You may also like

After the Profit Taking Frenzy, Crypto Market Makers Dive into the "Deep End"

Seven Chinese Financial Associations Declare RWA Tokenization Illegal
Key Takeaways Seven major Chinese financial associations have declared Real-World Asset (RWA) tokenization illegal, reflecting its categorization as…

Tether, which has "enriched" itself through stablecoins, is now heavily investing in AI

If you are long on oil, Maduro's arrest is not good news

India, the Outsourcing Hub of the Crypto World

Court Sentences Criminal in Virtual Currency Fraud Case with Major Global Implications
Key Takeaways A landmark case in Beijing reveals a significant cross-border telecom and internet fraud scheme involving virtual…

Multicoin: Why Are We Bullish on Stablecoins as FinTech 4.0?

Is a Stablecoin Considered Cash? Accounting Standards for Stablecoins May Be Adjusted Post-Genius Bill

Cash-like Privacy Among Digital Euro’s Challenging Political Decisions
Key Takeaways The digital euro, a planned central bank digital currency by the European Union, is facing significant…

Rep. Torres Targets Insider Trading on Prediction Markets Following Profitable Maduro Bet
Key Takeaways A substantial Polymarket wager concerning Maduro’s capture has led Rep. Ritchie Torres to propose new legislation…

Russia Tightens Crypto Mining Regulations Amid Global Digital Currency Developments
Key Takeaways Russia’s new legislative proposal aims to impose strict penalties on unregistered cryptocurrency mining, highlighting the government’s…

Crypto Billionaires Threaten to Leave California Over New Tax: Bluff or Reality?
Key Takeaways A proposed 5% assets tax on individuals with wealth exceeding $1 billion in California has led…

They missed out on $2 million because Maduro wasn't going to be home for the holidays
From Wuhan to Silicon Valley, Manus did it in just nine months.
You may call it a “wrapper,” but it wrapped its way all the way to Meta.

Long-standing domestic public blockchain NEO sees feud between two co-founders, with opaque finances as the core reason

Fed's Latest Meeting Minutes: Divergence Persists, But "Most" Officials Advocate Continued Rate Cuts

The first large-scale adoption of a "yield-bearing stablecoin" was in China

4 Years of Web3 Entrepreneurship: 7 Key Takeaways
After the Profit Taking Frenzy, Crypto Market Makers Dive into the "Deep End"
Seven Chinese Financial Associations Declare RWA Tokenization Illegal
Key Takeaways Seven major Chinese financial associations have declared Real-World Asset (RWA) tokenization illegal, reflecting its categorization as…
Tether, which has "enriched" itself through stablecoins, is now heavily investing in AI
If you are long on oil, Maduro's arrest is not good news
India, the Outsourcing Hub of the Crypto World
Court Sentences Criminal in Virtual Currency Fraud Case with Major Global Implications
Key Takeaways A landmark case in Beijing reveals a significant cross-border telecom and internet fraud scheme involving virtual…