Focus
Central Bank Digital Currency (CBDC)
Labor to Mandate Cash Option for Buying Essentials
The opposition has called for clarity regarding what ‘essential’ items will come under the proposed law.
Australian Parliament Passes National Digital ID Law
Eighty-seven members voted for, and 56 against the Digital ID Bill 2024.
Mums, Dads, Grandparents Raise Alarm on Digital ID, Not Just ‘Tinfoil-Hat Brigade’: MP
Australia’s digital bill has been sent to the Federation Chamber for debate, and then back to the House on May 16.
ANALYSIS: Cashless Transition Steamrolls Ahead After Major Bank Closes All Branches
Australians made $746 million in digital payments in 2018—that number soared to $93 billion in 2022.
Fed Chair Powell Says Americans ‘Don’t Need to Worry About a Central Bank Digital Currency’
Republican-led pushback to a digital dollar intensifies.
GOP Senators Sound Alarm Over CBDCs, Propose Bill to Ban Them
Critics of CBDCs are concerned they could allow new levels of government interference in people’s finances.
IMF Releases Digital Currency Handbook for World’s Central Banks
Central bank digital currencies can push the world away from depending on the U.S. dollar, the organization said.
Risks of Fraud Higher in Cashless Society: Advocacy Group Warns
An expedited transition towards digital currency usage could leave consumers worse off.
Digital Dollar Poses ‘Significant Risks’ to Consumer Privacy, Financial System: Fed Governor
Federal Reserve Governor Michelle Bowman expressed further skepticism surrounding the necessity and efficacy of a central bank digital currency.
Is There a CBDC in Our Future?
While it’s becoming increasingly clear that we will need some sort of monetary reform in the years ahead, a CBDC isn’t the way to go.
‘Digital Dollar Dilemma’: House Republicans, Experts Warn of CBDC Threat to Core Freedoms
House Republicans renewed their anti-central bank digital currency (CBDC) efforts in Washington this week.
