A group of Republican US Senators has introduced legislation designed to knee-cap the digital yuan – a Central Bank Digital Currency (CBDC) that is already in use – albeit on a limited basis. Senators Tom Cotton, Marco Rubio, and Mike Braun have revealed the “Defending… Read More
Chatter continues to trickle in that the Payroll Protection Program is floundering a bit during the first few days of the initiative. The Payroll Protection Program (PPP) is part of the $2 trillion CARES Act – the bailout package addressing the COVID-19 onslaught. The PPP… Read More
Republican Senator for Texas Ted Cruz and Congressman Mike Gallagher, a Republican from Wisconsin, introduced a new bill into the American Senate and House Thursday, a bill designed to “impose maximum financial pressure on Iran. The “Blocking Iranian Illicit Finance Act” (H.R.7321) was also co-sponsored… Read More
Venezuela has issued a White Paper on its proposed cryptocurrency Petro (PTR). Petro has its origin in former President Hugo Chavez’s controversial idea of a strong currency backed by raw materials, in this case, petroleum; Venezuela is recognized as having the largest oil reserves in the… Read More
Several days ago, Senator Marco Rubio and Senator Robert Menendez published a letter directed to the US Secretary of the Treasury Steven Mnuchin demanding to know what the US government was doing to foil attempts by rogue nations in leveraging cryptocurrencies to skirt imposed sanctions…. Read More
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