Digital Euro Launch Faces Two-Year Delay Over Privacy Concerns, Says ECB President Christine Lagarde
European Central Bank (ECB) President Christine Lagarde has stated that it may take at least two years to fully launch the digital euro due to privacy concerns that need to be addressed. During a meeting with the European Parliament's economic committee, Lagarde discussed the challenges associated w ...
Challenges and Growth of Worldcoin: A Closer Look
At a recent conference, Sam Altman, co-creator of Worldcoin, an identity-focused cryptocurrency project, discussed the significant operational challenges the project is facing as demand grows. Altman, who also serves as the CEO of OpenAI, emphasized the challenges related to manufacturing the necess ...
Coin Center’s Recommendations for US Crypto Tax Legislation
Cryptocurrency advocacy group Coin Center has provided suggestions for United States lawmakers to consider in potential legislation related to taxation of digital assets. In an Aug. 21 letter to Senators Ron Wyden and Mike Crapo, Coin Center pointed to the Virtual Currency Tax Fairness Act — a bi ...
China Mobile’s Proposal for Digital Identification in Meta-Universe Raises Privacy and Security Concerns
State-owned telecommunications company China Mobile has proposed to introduce digital identification for all meta-universe users for the sake of maintaining order and security in the virtual world. The digital ID of meta-universe users should include, China Mobile suggests, a range of data includ ...
China Mobile’s Proposed Digital Identifier System Raises Privacy Concerns
Local telecom operator China Mobile has proposed creating a "digital identifier system" for all users of the meta-universe. Experts say the proposal could violate basic privacy principles. China Mobile, a Chinese state-owned telecom company, has proposed creating ...
Multiple U.S. States Follow Florida in Banning Digital Dollar
After the governor of Florida signed the law banning the digital dollar, other American states Louisiana, Alabama and North Dakota decided to "follow in its footsteps. Last week, Florida Governor Ron DeSantis signed into law a bill banning the U.S. Federal Reserve's (Fed) d ...
WEF Explores Blockchain for Digital Identification of Users
The World Economic Forum (WEF) is actively exploring the potential of implementing an international blockchain-based system to facilitate digital identification of users. The topic was extensively discussed at the WEF's annual workshop, which focused on techniques aimed at improving user identity ...
Florida Governor Proposes Bill to Ban Digital Dollar Introduction
Florida Governor Ron DeSantis recently proposed a bill aimed at prohibiting the introduction of digital currency in the state. DeSantis expressed his concern that the implementation of a digital dollar could potentially lead to government abuse and increased surveillance of financial transactions ...