Donald Trump fulfills promise to #crypto community, bans CBDC: What it means

The latest executive order bans #CBDC in favour of a private-sector-driven digital ecosystem.

US President Donald Trump has signed an executive order banning the creation and issuance of Central Bank Digital Currency (CBDC) in the United States of America. In the run-up to his presidential campaign, Trump had on occasions maintained that banning CBDC would be one of his agendas after assuming office. This is the first big move from Trump related to bitcoin and cryptocurrency in his second term in office. As per the order, CBDC has been defined as “a form of digital money or monetary value, denominated in the national unit of account, that is a direct liability of the central bank.”
#crypto #CBDC