Legal experts challenge Florida’s CBDC ban as ineffective and misguided. Governor DeSantis’ fears of CBDCs are based on misinterpretation. Florida’s UCC-based approach hinders progress in the digital assets sector. In a recent development, legal experts expressed worries over Florida’s move to outlaw central bank digital currency (CBDCs), questioning their usefulness and possible damage to the … Read more
Samsung and Bank of Korea (BOK) are going to collaborate to research on CBDC for offline payments. In November 2022, the bank also designed and tested a CBDC program that simplifies cross-border remittances. Global technology leader from South Korea, Samsung Electronics (KS: 005930 ), has reportedly teamed with the country’s central bank to do research … Read more
Texas introduced a bill to ban the Central Bank Digital Currency. According to the draftees, CBDC is a bad idea. On May 12, Texas announced that they were introducing a bill to ban the Central Bank Digital Currency (CBDC) in their state by the 88th legislature. According to the draftees, CBDC is a bad idea. … Read more