• Donald Trump bans CBDC development in the US. President Donald Trump has signed a series of executive orders aimed at establishing himself as a global leader in cryptocurrency innovation while banning the development of central bank digital currencies (CBDCs).

According to Fox Business, one of the executive orders explicitly prohibits U. S. institutions from creating, promoting, or issuing CBDCs. According to the executive order, all existing CBDC-related plans and initiatives are immediately canceled, and there will be no further development of such projects. The ban reflects the administration's opposition to government-controlled digital currencies, which have been criticized for undermining financial privacy and threatening the centralization of the monetary system.

In addition to banning CBDCs, the executive order also provides for the introduction of #cryptocurrencies in the U. S. and a comprehensive strategy to promote innovation. Fair regulation of cryptocurrencies: the executive order mandates a clear and balanced regulatory framework to support the growth of the digital asset industry, protect investors and ensure market stability.

Promotion of bitcoin: President Trump has made it a fundamental element of the country's digital economy. He has instructed ministries to promote #bitcoin , thus showing his strong support for the world's largest #cryptocurrency .

National Digital Asset Reserve: another important aspect of the executive order is the creation of the Strategic Digital Asset Reserve. This initiative aims to protect the U. S. position in the global financial system by accumulating critical #digital assets and using blockchain technology to strengthen the economy.

These executive orders underscore the administration's commitment By banning CBDCs and encouraging decentralized digital assets such as bitcoin, the U. S. is clearly opposing a centralized monetary system and aligning itself with the principles of transparency and decentralization.

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