The President of the Central Bank of France stated that the development and issuance of the digital currency in Europe will bring serious benefits to the private sector. Francois Villeroy de Galhau, in his speech, Stated that the best way to develop a central bank digital currency (CBDC) is to partner with the public and the private sector.
Galhau, who mentioned Facebook's Libra project anonymously, instead of competing with private companies; He said that the harmonious work between them and the public sector could lead to the circulation of a better designed CBDC.
US SENATE REFUSES HELP PACKAGE THAT DOES NOT INCLUDE INDIVIDUAL CHECKS
The US Senate rejected the proposal for a new incentive law that does not include $ 1,200 individual checks. This new proposal, called the "weak" incentive bill, was rejected by 52 to 47 votes in the Senate. According to Cointelegraph, it seems likely that the Senate will approve a bill involving individual check payments by the end of the month.
The US Government distributed individual checks due to economic conditions caused by Covid-19. Coinbase CEO Brian Armstrong also shared data showing that individuals bought Bitcoin with the incentive package distributed in May.