The latest version of the 21st Century ROAD to Housing Act, released on 16 Jun, includes a provision barring the Federal Reserve from issuing a retail central bank digital currency (CBDC) – a government-backed digital version of the US dollar for everyday use – until the end of 2030. It would mark the first time a CBDC prohibition has been written into US law.
A new survey of US corporate treasurers diverged from narratives of rising institutional demand for stablecoins and tokenization, with only 1% of respondents reporting they use or pilot these assets and 9% actively exploring them.
Crypto mining is the process by which new cryptocurrency coins or tokens are created and transactions are verified and added to a blockchain ledger.
"I bought my first Bitcoin in 2014 and, by the way, I haven’t sold any since then. I’m a believer in all crypto."
Indian authorities have filed money laundering charges against convicted crypto fraudster Chirag Tomar and provisionally attached assets worth around $6.82mn (Rs. 64.55 crore). They allege that proceeds from a large-scale Coinbase phishing scheme were converted into Indian rupees and funnelled through multiple bank accounts.
