North Carolina Takes on CBDC The state has passed a law ban | Crypto4light on Binance Square

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North Carolina Takes on CBDC
The state has passed a law banning CBDCs as a form of payment and preventing the Fed from testing a digital dollar within its borders.
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⬇️ The Fed cut its key rate by 50 basis points to 4.75-5% for the first time since 2020 (previously 5.25-5.5%) 🗣 The main points from J. Powell's speech: ◾️ The decision shows growing confidence that stability in the labour market can be maintained. ◾️ Inflation has fallen significantly, but remains above target. ◾️ We expect stable GDP growth. ◾️ The risks of rising inflation have decreased. ◾️ Risks of worsening employment situation have increased ◾️ We can cut rates faster or slower, or take a break, it all depends on the economy ◾️ Most FOMC chairs supported a 50 bp cut. ◾️ No one should think this is a new rate of decline when looking at today's rate decision. ◾️ We want to keep the economy strong. Retail sales and GDP for the second quarter show steady economic growth, this will support the labor market. #PowellSpeech

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Revolut plans to launch its own stablecoin. Rumors have emerged that the company is well into developing a stablecoin, and obtaining a banking license in the UK has only bolstered its position. A Revolut representative mentioned that the company is focused on expanding its cryptocurrency offerings while ensuring compliance with regulations to build trust in the crypto market. The stablecoin market, dominated by Tether (USDT) and Circle (USDC), is attracting more players, potentially driven by new crypto regulatory frameworks like the Markets in Crypto Assets (MiCA) in Europe. Revolut is aiming to enter this market due to increasing interest in stablecoins and evolving regulations across Europe.

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imagine that smell if Powell increase the interest rate 0.25 bp) $BTC

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BlackRock has released a report on Bitcoin for its clients, viewing it as an asset with unique characteristics that could serve as an effective means of diversification in the face of growing global instability. $BTC

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