The tests, which took place over 12 weeks with some of the world's leading banks, including Citigroup Inc. and Wells Fargo & Co., sought to evaluate the potential of digital currencies to enhance both domestic and international payment systems.
Kristalina Georgieva, the Managing Director of the IMF, recently confirmed at a conference in Rabat, Morocco, that the fund is working diligently on a global infrastructure to ensure interoperability between CBDCs issued by national central banks.
"To ensure the safety of our Team Members, we have made the difficult decision to close the Trinity store for the time being," a company spokesperson said.
The European Union's new anti-money laundering laws have drawn criticism for potentially leading to the "criminalization" of physical cash transactions.
Actress Lindsay Lohan, YouTuber Jake Paul, rapper Lil Yachty, and other celebrities have been charged by the Securities and Exchange Commission (SEC) for "illegally touting" cryptocurrencies Tronix and BitTorrent.
Ted Cruz introduces legislation to prevent the U.S. Federal Reserve from creating a digital currency to avoid financial surveillance and government control over Americans' financial information.
New York-based Signature Bank, with $110.36 billion in assets, has become the third largest bank failure in US history, following the recent collapse of Silicon Valley Bank, but depositors of both banks will be made whole and no losses will be borne by the taxpayer.
