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\n

Governor Cooper is criticized for deciding without putting \u201cpartisan politics aside\u201d. The bill is said to benefit all North Carolina residents, but the Governor believes that the bill was too \u201cpremature, vague, and reactionary\u201d to be signed into law.<\/p>\n\n\n\n

Since the vote was more than three-fifths majority in both chambers, the North Carolina legislators could override Governor Cooper's veto. <\/p>\n","post_title":"Taiwan's Central Bank Focuses On Slow And Steady Development Of CBDC","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"taiwans-central-bank-focuses-on-slow-and-steady-development-of-cbdc","to_ping":"","pinged":"","post_modified":"2024-07-09 21:59:28","post_modified_gmt":"2024-07-09 11:59:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17736","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2 3 4 5 6 … 14

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

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ADVERTISEMENT
\n

North Carolina Governor Roy Cooper has rejected <\/a>a bill banning the state from using a US Federal Reserve-issued CBDC. The bill had strong support from the state\u2019s House of Representatives and Senate with a vote of 109-4 and 39-5 respectively.<\/p>\n\n\n\n

Governor Cooper is criticized for deciding without putting \u201cpartisan politics aside\u201d. The bill is said to benefit all North Carolina residents, but the Governor believes that the bill was too \u201cpremature, vague, and reactionary\u201d to be signed into law.<\/p>\n\n\n\n

Since the vote was more than three-fifths majority in both chambers, the North Carolina legislators could override Governor Cooper's veto. <\/p>\n","post_title":"Taiwan's Central Bank Focuses On Slow And Steady Development Of CBDC","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"taiwans-central-bank-focuses-on-slow-and-steady-development-of-cbdc","to_ping":"","pinged":"","post_modified":"2024-07-09 21:59:28","post_modified_gmt":"2024-07-09 11:59:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17736","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2 3 4 5 6 … 14

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

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ADVERTISEMENT
\n

North Carolina Vetoed The CBDC Ban Bill<\/h2>\n\n\n\n

North Carolina Governor Roy Cooper has rejected <\/a>a bill banning the state from using a US Federal Reserve-issued CBDC. The bill had strong support from the state\u2019s House of Representatives and Senate with a vote of 109-4 and 39-5 respectively.<\/p>\n\n\n\n

Governor Cooper is criticized for deciding without putting \u201cpartisan politics aside\u201d. The bill is said to benefit all North Carolina residents, but the Governor believes that the bill was too \u201cpremature, vague, and reactionary\u201d to be signed into law.<\/p>\n\n\n\n

Since the vote was more than three-fifths majority in both chambers, the North Carolina legislators could override Governor Cooper's veto. <\/p>\n","post_title":"Taiwan's Central Bank Focuses On Slow And Steady Development Of CBDC","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"taiwans-central-bank-focuses-on-slow-and-steady-development-of-cbdc","to_ping":"","pinged":"","post_modified":"2024-07-09 21:59:28","post_modified_gmt":"2024-07-09 11:59:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17736","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2 3 4 5 6 … 14

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

In March, the Financial Supervisory Commission announced plans to propose new digital asset regulations for Taiwan by September 2024, aiming to create more effective regulations for digital asset markets and ensure investor safety.<\/p>\n\n\n\n

North Carolina Vetoed The CBDC Ban Bill<\/h2>\n\n\n\n

North Carolina Governor Roy Cooper has rejected <\/a>a bill banning the state from using a US Federal Reserve-issued CBDC. The bill had strong support from the state\u2019s House of Representatives and Senate with a vote of 109-4 and 39-5 respectively.<\/p>\n\n\n\n

Governor Cooper is criticized for deciding without putting \u201cpartisan politics aside\u201d. The bill is said to benefit all North Carolina residents, but the Governor believes that the bill was too \u201cpremature, vague, and reactionary\u201d to be signed into law.<\/p>\n\n\n\n

Since the vote was more than three-fifths majority in both chambers, the North Carolina legislators could override Governor Cooper's veto. <\/p>\n","post_title":"Taiwan's Central Bank Focuses On Slow And Steady Development Of CBDC","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"taiwans-central-bank-focuses-on-slow-and-steady-development-of-cbdc","to_ping":"","pinged":"","post_modified":"2024-07-09 21:59:28","post_modified_gmt":"2024-07-09 11:59:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17736","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2 3 4 5 6 … 14

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

Yang reiterated that Taiwan\u2019s cautious approach to issuing a CBDC is meant to meet public digital payment needs and align with government digital policy goals, ensuring significant benefits.<\/p>\n\n\n\n

In March, the Financial Supervisory Commission announced plans to propose new digital asset regulations for Taiwan by September 2024, aiming to create more effective regulations for digital asset markets and ensure investor safety.<\/p>\n\n\n\n

North Carolina Vetoed The CBDC Ban Bill<\/h2>\n\n\n\n

North Carolina Governor Roy Cooper has rejected <\/a>a bill banning the state from using a US Federal Reserve-issued CBDC. The bill had strong support from the state\u2019s House of Representatives and Senate with a vote of 109-4 and 39-5 respectively.<\/p>\n\n\n\n

Governor Cooper is criticized for deciding without putting \u201cpartisan politics aside\u201d. The bill is said to benefit all North Carolina residents, but the Governor believes that the bill was too \u201cpremature, vague, and reactionary\u201d to be signed into law.<\/p>\n\n\n\n

Since the vote was more than three-fifths majority in both chambers, the North Carolina legislators could override Governor Cooper's veto. <\/p>\n","post_title":"Taiwan's Central Bank Focuses On Slow And Steady Development Of CBDC","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"taiwans-central-bank-focuses-on-slow-and-steady-development-of-cbdc","to_ping":"","pinged":"","post_modified":"2024-07-09 21:59:28","post_modified_gmt":"2024-07-09 11:59:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17736","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2 3 4 5 6 … 14

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

See Related: <\/em><\/strong>The FTX Bankruptcy Crisis: Solana Volatility Is Back But Remains Under Loads Of Doubts Over Its Long-Term Future<\/a><\/p>\n\n\n\n

Yang reiterated that Taiwan\u2019s cautious approach to issuing a CBDC is meant to meet public digital payment needs and align with government digital policy goals, ensuring significant benefits.<\/p>\n\n\n\n

In March, the Financial Supervisory Commission announced plans to propose new digital asset regulations for Taiwan by September 2024, aiming to create more effective regulations for digital asset markets and ensure investor safety.<\/p>\n\n\n\n

North Carolina Vetoed The CBDC Ban Bill<\/h2>\n\n\n\n

North Carolina Governor Roy Cooper has rejected <\/a>a bill banning the state from using a US Federal Reserve-issued CBDC. The bill had strong support from the state\u2019s House of Representatives and Senate with a vote of 109-4 and 39-5 respectively.<\/p>\n\n\n\n

Governor Cooper is criticized for deciding without putting \u201cpartisan politics aside\u201d. The bill is said to benefit all North Carolina residents, but the Governor believes that the bill was too \u201cpremature, vague, and reactionary\u201d to be signed into law.<\/p>\n\n\n\n

Since the vote was more than three-fifths majority in both chambers, the North Carolina legislators could override Governor Cooper's veto. <\/p>\n","post_title":"Taiwan's Central Bank Focuses On Slow And Steady Development Of CBDC","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"taiwans-central-bank-focuses-on-slow-and-steady-development-of-cbdc","to_ping":"","pinged":"","post_modified":"2024-07-09 21:59:28","post_modified_gmt":"2024-07-09 11:59:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17736","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2 3 4 5 6 … 14

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

One notable development is the CBDC prototype platform designed for retail payments. Yang mentioned that this platform could handle the cash flow operation of digital coupons, with transaction speeds reaching 20,000 transactions per second.<\/p>\n\n\n\n

See Related: <\/em><\/strong>The FTX Bankruptcy Crisis: Solana Volatility Is Back But Remains Under Loads Of Doubts Over Its Long-Term Future<\/a><\/p>\n\n\n\n

Yang reiterated that Taiwan\u2019s cautious approach to issuing a CBDC is meant to meet public digital payment needs and align with government digital policy goals, ensuring significant benefits.<\/p>\n\n\n\n

In March, the Financial Supervisory Commission announced plans to propose new digital asset regulations for Taiwan by September 2024, aiming to create more effective regulations for digital asset markets and ensure investor safety.<\/p>\n\n\n\n

North Carolina Vetoed The CBDC Ban Bill<\/h2>\n\n\n\n

North Carolina Governor Roy Cooper has rejected <\/a>a bill banning the state from using a US Federal Reserve-issued CBDC. The bill had strong support from the state\u2019s House of Representatives and Senate with a vote of 109-4 and 39-5 respectively.<\/p>\n\n\n\n

Governor Cooper is criticized for deciding without putting \u201cpartisan politics aside\u201d. The bill is said to benefit all North Carolina residents, but the Governor believes that the bill was too \u201cpremature, vague, and reactionary\u201d to be signed into law.<\/p>\n\n\n\n

Since the vote was more than three-fifths majority in both chambers, the North Carolina legislators could override Governor Cooper's veto. <\/p>\n","post_title":"Taiwan's Central Bank Focuses On Slow And Steady Development Of CBDC","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"taiwans-central-bank-focuses-on-slow-and-steady-development-of-cbdc","to_ping":"","pinged":"","post_modified":"2024-07-09 21:59:28","post_modified_gmt":"2024-07-09 11:59:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17736","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2 3 4 5 6 … 14

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

Yang stated that the central bank is experimenting with three scenarios to boost domestic payment efficiency and innovation. There is no set timeline for issuing a CBDC but efforts to enhance and innovativate are ongoing.<\/p>\n\n\n\n

One notable development is the CBDC prototype platform designed for retail payments. Yang mentioned that this platform could handle the cash flow operation of digital coupons, with transaction speeds reaching 20,000 transactions per second.<\/p>\n\n\n\n

See Related: <\/em><\/strong>The FTX Bankruptcy Crisis: Solana Volatility Is Back But Remains Under Loads Of Doubts Over Its Long-Term Future<\/a><\/p>\n\n\n\n

Yang reiterated that Taiwan\u2019s cautious approach to issuing a CBDC is meant to meet public digital payment needs and align with government digital policy goals, ensuring significant benefits.<\/p>\n\n\n\n

In March, the Financial Supervisory Commission announced plans to propose new digital asset regulations for Taiwan by September 2024, aiming to create more effective regulations for digital asset markets and ensure investor safety.<\/p>\n\n\n\n

North Carolina Vetoed The CBDC Ban Bill<\/h2>\n\n\n\n

North Carolina Governor Roy Cooper has rejected <\/a>a bill banning the state from using a US Federal Reserve-issued CBDC. The bill had strong support from the state\u2019s House of Representatives and Senate with a vote of 109-4 and 39-5 respectively.<\/p>\n\n\n\n

Governor Cooper is criticized for deciding without putting \u201cpartisan politics aside\u201d. The bill is said to benefit all North Carolina residents, but the Governor believes that the bill was too \u201cpremature, vague, and reactionary\u201d to be signed into law.<\/p>\n\n\n\n

Since the vote was more than three-fifths majority in both chambers, the North Carolina legislators could override Governor Cooper's veto. <\/p>\n","post_title":"Taiwan's Central Bank Focuses On Slow And Steady Development Of CBDC","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"taiwans-central-bank-focuses-on-slow-and-steady-development-of-cbdc","to_ping":"","pinged":"","post_modified":"2024-07-09 21:59:28","post_modified_gmt":"2024-07-09 11:59:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17736","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2 3 4 5 6 … 14

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

President Yang Jinlong highlighted that being the first to launch a CBDC does not guarantee success, as countries that have already issued or tested CBDCs have not achieved the expected outcomes.<\/p>\n\n\n\n

Yang stated that the central bank is experimenting with three scenarios to boost domestic payment efficiency and innovation. There is no set timeline for issuing a CBDC but efforts to enhance and innovativate are ongoing.<\/p>\n\n\n\n

One notable development is the CBDC prototype platform designed for retail payments. Yang mentioned that this platform could handle the cash flow operation of digital coupons, with transaction speeds reaching 20,000 transactions per second.<\/p>\n\n\n\n

See Related: <\/em><\/strong>The FTX Bankruptcy Crisis: Solana Volatility Is Back But Remains Under Loads Of Doubts Over Its Long-Term Future<\/a><\/p>\n\n\n\n

Yang reiterated that Taiwan\u2019s cautious approach to issuing a CBDC is meant to meet public digital payment needs and align with government digital policy goals, ensuring significant benefits.<\/p>\n\n\n\n

In March, the Financial Supervisory Commission announced plans to propose new digital asset regulations for Taiwan by September 2024, aiming to create more effective regulations for digital asset markets and ensure investor safety.<\/p>\n\n\n\n

North Carolina Vetoed The CBDC Ban Bill<\/h2>\n\n\n\n

North Carolina Governor Roy Cooper has rejected <\/a>a bill banning the state from using a US Federal Reserve-issued CBDC. The bill had strong support from the state\u2019s House of Representatives and Senate with a vote of 109-4 and 39-5 respectively.<\/p>\n\n\n\n

Governor Cooper is criticized for deciding without putting \u201cpartisan politics aside\u201d. The bill is said to benefit all North Carolina residents, but the Governor believes that the bill was too \u201cpremature, vague, and reactionary\u201d to be signed into law.<\/p>\n\n\n\n

Since the vote was more than three-fifths majority in both chambers, the North Carolina legislators could override Governor Cooper's veto. <\/p>\n","post_title":"Taiwan's Central Bank Focuses On Slow And Steady Development Of CBDC","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"taiwans-central-bank-focuses-on-slow-and-steady-development-of-cbdc","to_ping":"","pinged":"","post_modified":"2024-07-09 21:59:28","post_modified_gmt":"2024-07-09 11:59:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17736","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2 3 4 5 6 … 14

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

The President of the Central Bank of the Republic of China shared <\/a>that developing a central bank digital currency (CBDC) is not a race. Instead, the central bank should prioritize steady progress over speed.<\/p>\n\n\n\n

President Yang Jinlong highlighted that being the first to launch a CBDC does not guarantee success, as countries that have already issued or tested CBDCs have not achieved the expected outcomes.<\/p>\n\n\n\n

Yang stated that the central bank is experimenting with three scenarios to boost domestic payment efficiency and innovation. There is no set timeline for issuing a CBDC but efforts to enhance and innovativate are ongoing.<\/p>\n\n\n\n

One notable development is the CBDC prototype platform designed for retail payments. Yang mentioned that this platform could handle the cash flow operation of digital coupons, with transaction speeds reaching 20,000 transactions per second.<\/p>\n\n\n\n

See Related: <\/em><\/strong>The FTX Bankruptcy Crisis: Solana Volatility Is Back But Remains Under Loads Of Doubts Over Its Long-Term Future<\/a><\/p>\n\n\n\n

Yang reiterated that Taiwan\u2019s cautious approach to issuing a CBDC is meant to meet public digital payment needs and align with government digital policy goals, ensuring significant benefits.<\/p>\n\n\n\n

In March, the Financial Supervisory Commission announced plans to propose new digital asset regulations for Taiwan by September 2024, aiming to create more effective regulations for digital asset markets and ensure investor safety.<\/p>\n\n\n\n

North Carolina Vetoed The CBDC Ban Bill<\/h2>\n\n\n\n

North Carolina Governor Roy Cooper has rejected <\/a>a bill banning the state from using a US Federal Reserve-issued CBDC. The bill had strong support from the state\u2019s House of Representatives and Senate with a vote of 109-4 and 39-5 respectively.<\/p>\n\n\n\n

Governor Cooper is criticized for deciding without putting \u201cpartisan politics aside\u201d. The bill is said to benefit all North Carolina residents, but the Governor believes that the bill was too \u201cpremature, vague, and reactionary\u201d to be signed into law.<\/p>\n\n\n\n

Since the vote was more than three-fifths majority in both chambers, the North Carolina legislators could override Governor Cooper's veto. <\/p>\n","post_title":"Taiwan's Central Bank Focuses On Slow And Steady Development Of CBDC","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"taiwans-central-bank-focuses-on-slow-and-steady-development-of-cbdc","to_ping":"","pinged":"","post_modified":"2024-07-09 21:59:28","post_modified_gmt":"2024-07-09 11:59:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17736","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2 3 4 5 6 … 14

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

First Republic's failure occurred less than two months after Silicon Valley Bank and Signature Bank's collapses, marking a turbulent period for the US banking sector. Despite the high-profile nature of these failures, JPMorgan was not involved in this particular case.<\/p>\n","post_title":"First Republic Ex-employees\u2019 $150M Lawsuit against FDIC Dismissed","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"first-republic-ex-employees-150m-lawsuit-against-fdic-dismissed","to_ping":"","pinged":"","post_modified":"2024-07-16 05:15:09","post_modified_gmt":"2024-07-15 19:15:09","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17803","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":17736,"post_author":"15","post_date":"2024-07-09 21:59:22","post_date_gmt":"2024-07-09 11:59:22","post_content":"\n

The President of the Central Bank of the Republic of China shared <\/a>that developing a central bank digital currency (CBDC) is not a race. Instead, the central bank should prioritize steady progress over speed.<\/p>\n\n\n\n

President Yang Jinlong highlighted that being the first to launch a CBDC does not guarantee success, as countries that have already issued or tested CBDCs have not achieved the expected outcomes.<\/p>\n\n\n\n

Yang stated that the central bank is experimenting with three scenarios to boost domestic payment efficiency and innovation. There is no set timeline for issuing a CBDC but efforts to enhance and innovativate are ongoing.<\/p>\n\n\n\n

One notable development is the CBDC prototype platform designed for retail payments. Yang mentioned that this platform could handle the cash flow operation of digital coupons, with transaction speeds reaching 20,000 transactions per second.<\/p>\n\n\n\n

See Related: <\/em><\/strong>The FTX Bankruptcy Crisis: Solana Volatility Is Back But Remains Under Loads Of Doubts Over Its Long-Term Future<\/a><\/p>\n\n\n\n

Yang reiterated that Taiwan\u2019s cautious approach to issuing a CBDC is meant to meet public digital payment needs and align with government digital policy goals, ensuring significant benefits.<\/p>\n\n\n\n

In March, the Financial Supervisory Commission announced plans to propose new digital asset regulations for Taiwan by September 2024, aiming to create more effective regulations for digital asset markets and ensure investor safety.<\/p>\n\n\n\n

North Carolina Vetoed The CBDC Ban Bill<\/h2>\n\n\n\n

North Carolina Governor Roy Cooper has rejected <\/a>a bill banning the state from using a US Federal Reserve-issued CBDC. The bill had strong support from the state\u2019s House of Representatives and Senate with a vote of 109-4 and 39-5 respectively.<\/p>\n\n\n\n

Governor Cooper is criticized for deciding without putting \u201cpartisan politics aside\u201d. The bill is said to benefit all North Carolina residents, but the Governor believes that the bill was too \u201cpremature, vague, and reactionary\u201d to be signed into law.<\/p>\n\n\n\n

Since the vote was more than three-fifths majority in both chambers, the North Carolina legislators could override Governor Cooper's veto. <\/p>\n","post_title":"Taiwan's Central Bank Focuses On Slow And Steady Development Of CBDC","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"taiwans-central-bank-focuses-on-slow-and-steady-development-of-cbdc","to_ping":"","pinged":"","post_modified":"2024-07-09 21:59:28","post_modified_gmt":"2024-07-09 11:59:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17736","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2 3 4 5 6 … 14

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

Lawyers representing the former First Republic employees did not immediately respond to requests for comment. Similarly, an FDIC spokesman declined to comment on the ruling. The case highlights the tension between federal regulatory authority and the rights of individuals affected by bank failures.<\/p>\n\n\n\n

First Republic's failure occurred less than two months after Silicon Valley Bank and Signature Bank's collapses, marking a turbulent period for the US banking sector. Despite the high-profile nature of these failures, JPMorgan was not involved in this particular case.<\/p>\n","post_title":"First Republic Ex-employees\u2019 $150M Lawsuit against FDIC Dismissed","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"first-republic-ex-employees-150m-lawsuit-against-fdic-dismissed","to_ping":"","pinged":"","post_modified":"2024-07-16 05:15:09","post_modified_gmt":"2024-07-15 19:15:09","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17803","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":17736,"post_author":"15","post_date":"2024-07-09 21:59:22","post_date_gmt":"2024-07-09 11:59:22","post_content":"\n

The President of the Central Bank of the Republic of China shared <\/a>that developing a central bank digital currency (CBDC) is not a race. Instead, the central bank should prioritize steady progress over speed.<\/p>\n\n\n\n

President Yang Jinlong highlighted that being the first to launch a CBDC does not guarantee success, as countries that have already issued or tested CBDCs have not achieved the expected outcomes.<\/p>\n\n\n\n

Yang stated that the central bank is experimenting with three scenarios to boost domestic payment efficiency and innovation. There is no set timeline for issuing a CBDC but efforts to enhance and innovativate are ongoing.<\/p>\n\n\n\n

One notable development is the CBDC prototype platform designed for retail payments. Yang mentioned that this platform could handle the cash flow operation of digital coupons, with transaction speeds reaching 20,000 transactions per second.<\/p>\n\n\n\n

See Related: <\/em><\/strong>The FTX Bankruptcy Crisis: Solana Volatility Is Back But Remains Under Loads Of Doubts Over Its Long-Term Future<\/a><\/p>\n\n\n\n

Yang reiterated that Taiwan\u2019s cautious approach to issuing a CBDC is meant to meet public digital payment needs and align with government digital policy goals, ensuring significant benefits.<\/p>\n\n\n\n

In March, the Financial Supervisory Commission announced plans to propose new digital asset regulations for Taiwan by September 2024, aiming to create more effective regulations for digital asset markets and ensure investor safety.<\/p>\n\n\n\n

North Carolina Vetoed The CBDC Ban Bill<\/h2>\n\n\n\n

North Carolina Governor Roy Cooper has rejected <\/a>a bill banning the state from using a US Federal Reserve-issued CBDC. The bill had strong support from the state\u2019s House of Representatives and Senate with a vote of 109-4 and 39-5 respectively.<\/p>\n\n\n\n

Governor Cooper is criticized for deciding without putting \u201cpartisan politics aside\u201d. The bill is said to benefit all North Carolina residents, but the Governor believes that the bill was too \u201cpremature, vague, and reactionary\u201d to be signed into law.<\/p>\n\n\n\n

Since the vote was more than three-fifths majority in both chambers, the North Carolina legislators could override Governor Cooper's veto. <\/p>\n","post_title":"Taiwan's Central Bank Focuses On Slow And Steady Development Of CBDC","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"taiwans-central-bank-focuses-on-slow-and-steady-development-of-cbdc","to_ping":"","pinged":"","post_modified":"2024-07-09 21:59:28","post_modified_gmt":"2024-07-09 11:59:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17736","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2 3 4 5 6 … 14

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

First Republic Bank, which catered to wealthy customers and had $229 billion in assets, failed on May 1, 2023. The collapse was the largest US bank failure since the 2008 financial crisis, triggered by a series of Federal Reserve interest rate increases that caused significant losses in the bank's investment portfolio and prompted depositors to withdraw their funds.<\/p>\n\n\n\n

Lawyers representing the former First Republic employees did not immediately respond to requests for comment. Similarly, an FDIC spokesman declined to comment on the ruling. The case highlights the tension between federal regulatory authority and the rights of individuals affected by bank failures.<\/p>\n\n\n\n

First Republic's failure occurred less than two months after Silicon Valley Bank and Signature Bank's collapses, marking a turbulent period for the US banking sector. Despite the high-profile nature of these failures, JPMorgan was not involved in this particular case.<\/p>\n","post_title":"First Republic Ex-employees\u2019 $150M Lawsuit against FDIC Dismissed","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"first-republic-ex-employees-150m-lawsuit-against-fdic-dismissed","to_ping":"","pinged":"","post_modified":"2024-07-16 05:15:09","post_modified_gmt":"2024-07-15 19:15:09","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17803","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":17736,"post_author":"15","post_date":"2024-07-09 21:59:22","post_date_gmt":"2024-07-09 11:59:22","post_content":"\n

The President of the Central Bank of the Republic of China shared <\/a>that developing a central bank digital currency (CBDC) is not a race. Instead, the central bank should prioritize steady progress over speed.<\/p>\n\n\n\n

President Yang Jinlong highlighted that being the first to launch a CBDC does not guarantee success, as countries that have already issued or tested CBDCs have not achieved the expected outcomes.<\/p>\n\n\n\n

Yang stated that the central bank is experimenting with three scenarios to boost domestic payment efficiency and innovation. There is no set timeline for issuing a CBDC but efforts to enhance and innovativate are ongoing.<\/p>\n\n\n\n

One notable development is the CBDC prototype platform designed for retail payments. Yang mentioned that this platform could handle the cash flow operation of digital coupons, with transaction speeds reaching 20,000 transactions per second.<\/p>\n\n\n\n

See Related: <\/em><\/strong>The FTX Bankruptcy Crisis: Solana Volatility Is Back But Remains Under Loads Of Doubts Over Its Long-Term Future<\/a><\/p>\n\n\n\n

Yang reiterated that Taiwan\u2019s cautious approach to issuing a CBDC is meant to meet public digital payment needs and align with government digital policy goals, ensuring significant benefits.<\/p>\n\n\n\n

In March, the Financial Supervisory Commission announced plans to propose new digital asset regulations for Taiwan by September 2024, aiming to create more effective regulations for digital asset markets and ensure investor safety.<\/p>\n\n\n\n

North Carolina Vetoed The CBDC Ban Bill<\/h2>\n\n\n\n

North Carolina Governor Roy Cooper has rejected <\/a>a bill banning the state from using a US Federal Reserve-issued CBDC. The bill had strong support from the state\u2019s House of Representatives and Senate with a vote of 109-4 and 39-5 respectively.<\/p>\n\n\n\n

Governor Cooper is criticized for deciding without putting \u201cpartisan politics aside\u201d. The bill is said to benefit all North Carolina residents, but the Governor believes that the bill was too \u201cpremature, vague, and reactionary\u201d to be signed into law.<\/p>\n\n\n\n

Since the vote was more than three-fifths majority in both chambers, the North Carolina legislators could override Governor Cooper's veto. <\/p>\n","post_title":"Taiwan's Central Bank Focuses On Slow And Steady Development Of CBDC","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"taiwans-central-bank-focuses-on-slow-and-steady-development-of-cbdc","to_ping":"","pinged":"","post_modified":"2024-07-09 21:59:28","post_modified_gmt":"2024-07-09 11:59:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17736","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2 3 4 5 6 … 14

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

Impact Of First Republic's Collapse<\/h2>\n\n\n\n

First Republic Bank, which catered to wealthy customers and had $229 billion in assets, failed on May 1, 2023. The collapse was the largest US bank failure since the 2008 financial crisis, triggered by a series of Federal Reserve interest rate increases that caused significant losses in the bank's investment portfolio and prompted depositors to withdraw their funds.<\/p>\n\n\n\n

Lawyers representing the former First Republic employees did not immediately respond to requests for comment. Similarly, an FDIC spokesman declined to comment on the ruling. The case highlights the tension between federal regulatory authority and the rights of individuals affected by bank failures.<\/p>\n\n\n\n

First Republic's failure occurred less than two months after Silicon Valley Bank and Signature Bank's collapses, marking a turbulent period for the US banking sector. Despite the high-profile nature of these failures, JPMorgan was not involved in this particular case.<\/p>\n","post_title":"First Republic Ex-employees\u2019 $150M Lawsuit against FDIC Dismissed","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"first-republic-ex-employees-150m-lawsuit-against-fdic-dismissed","to_ping":"","pinged":"","post_modified":"2024-07-16 05:15:09","post_modified_gmt":"2024-07-15 19:15:09","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17803","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":17736,"post_author":"15","post_date":"2024-07-09 21:59:22","post_date_gmt":"2024-07-09 11:59:22","post_content":"\n

The President of the Central Bank of the Republic of China shared <\/a>that developing a central bank digital currency (CBDC) is not a race. Instead, the central bank should prioritize steady progress over speed.<\/p>\n\n\n\n

President Yang Jinlong highlighted that being the first to launch a CBDC does not guarantee success, as countries that have already issued or tested CBDCs have not achieved the expected outcomes.<\/p>\n\n\n\n

Yang stated that the central bank is experimenting with three scenarios to boost domestic payment efficiency and innovation. There is no set timeline for issuing a CBDC but efforts to enhance and innovativate are ongoing.<\/p>\n\n\n\n

One notable development is the CBDC prototype platform designed for retail payments. Yang mentioned that this platform could handle the cash flow operation of digital coupons, with transaction speeds reaching 20,000 transactions per second.<\/p>\n\n\n\n

See Related: <\/em><\/strong>The FTX Bankruptcy Crisis: Solana Volatility Is Back But Remains Under Loads Of Doubts Over Its Long-Term Future<\/a><\/p>\n\n\n\n

Yang reiterated that Taiwan\u2019s cautious approach to issuing a CBDC is meant to meet public digital payment needs and align with government digital policy goals, ensuring significant benefits.<\/p>\n\n\n\n

In March, the Financial Supervisory Commission announced plans to propose new digital asset regulations for Taiwan by September 2024, aiming to create more effective regulations for digital asset markets and ensure investor safety.<\/p>\n\n\n\n

North Carolina Vetoed The CBDC Ban Bill<\/h2>\n\n\n\n

North Carolina Governor Roy Cooper has rejected <\/a>a bill banning the state from using a US Federal Reserve-issued CBDC. The bill had strong support from the state\u2019s House of Representatives and Senate with a vote of 109-4 and 39-5 respectively.<\/p>\n\n\n\n

Governor Cooper is criticized for deciding without putting \u201cpartisan politics aside\u201d. The bill is said to benefit all North Carolina residents, but the Governor believes that the bill was too \u201cpremature, vague, and reactionary\u201d to be signed into law.<\/p>\n\n\n\n

Since the vote was more than three-fifths majority in both chambers, the North Carolina legislators could override Governor Cooper's veto. <\/p>\n","post_title":"Taiwan's Central Bank Focuses On Slow And Steady Development Of CBDC","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"taiwans-central-bank-focuses-on-slow-and-steady-development-of-cbdc","to_ping":"","pinged":"","post_modified":"2024-07-09 21:59:28","post_modified_gmt":"2024-07-09 11:59:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17736","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2 3 4 5 6 … 14

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

See Related:<\/em><\/strong> Binance Faces Major Legal Hurdle As Judge Upholds Key SEC Charges<\/a><\/p>\n\n\n\n

Impact Of First Republic's Collapse<\/h2>\n\n\n\n

First Republic Bank, which catered to wealthy customers and had $229 billion in assets, failed on May 1, 2023. The collapse was the largest US bank failure since the 2008 financial crisis, triggered by a series of Federal Reserve interest rate increases that caused significant losses in the bank's investment portfolio and prompted depositors to withdraw their funds.<\/p>\n\n\n\n

Lawyers representing the former First Republic employees did not immediately respond to requests for comment. Similarly, an FDIC spokesman declined to comment on the ruling. The case highlights the tension between federal regulatory authority and the rights of individuals affected by bank failures.<\/p>\n\n\n\n

First Republic's failure occurred less than two months after Silicon Valley Bank and Signature Bank's collapses, marking a turbulent period for the US banking sector. Despite the high-profile nature of these failures, JPMorgan was not involved in this particular case.<\/p>\n","post_title":"First Republic Ex-employees\u2019 $150M Lawsuit against FDIC Dismissed","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"first-republic-ex-employees-150m-lawsuit-against-fdic-dismissed","to_ping":"","pinged":"","post_modified":"2024-07-16 05:15:09","post_modified_gmt":"2024-07-15 19:15:09","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17803","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":17736,"post_author":"15","post_date":"2024-07-09 21:59:22","post_date_gmt":"2024-07-09 11:59:22","post_content":"\n

The President of the Central Bank of the Republic of China shared <\/a>that developing a central bank digital currency (CBDC) is not a race. Instead, the central bank should prioritize steady progress over speed.<\/p>\n\n\n\n

President Yang Jinlong highlighted that being the first to launch a CBDC does not guarantee success, as countries that have already issued or tested CBDCs have not achieved the expected outcomes.<\/p>\n\n\n\n

Yang stated that the central bank is experimenting with three scenarios to boost domestic payment efficiency and innovation. There is no set timeline for issuing a CBDC but efforts to enhance and innovativate are ongoing.<\/p>\n\n\n\n

One notable development is the CBDC prototype platform designed for retail payments. Yang mentioned that this platform could handle the cash flow operation of digital coupons, with transaction speeds reaching 20,000 transactions per second.<\/p>\n\n\n\n

See Related: <\/em><\/strong>The FTX Bankruptcy Crisis: Solana Volatility Is Back But Remains Under Loads Of Doubts Over Its Long-Term Future<\/a><\/p>\n\n\n\n

Yang reiterated that Taiwan\u2019s cautious approach to issuing a CBDC is meant to meet public digital payment needs and align with government digital policy goals, ensuring significant benefits.<\/p>\n\n\n\n

In March, the Financial Supervisory Commission announced plans to propose new digital asset regulations for Taiwan by September 2024, aiming to create more effective regulations for digital asset markets and ensure investor safety.<\/p>\n\n\n\n

North Carolina Vetoed The CBDC Ban Bill<\/h2>\n\n\n\n

North Carolina Governor Roy Cooper has rejected <\/a>a bill banning the state from using a US Federal Reserve-issued CBDC. The bill had strong support from the state\u2019s House of Representatives and Senate with a vote of 109-4 and 39-5 respectively.<\/p>\n\n\n\n

Governor Cooper is criticized for deciding without putting \u201cpartisan politics aside\u201d. The bill is said to benefit all North Carolina residents, but the Governor believes that the bill was too \u201cpremature, vague, and reactionary\u201d to be signed into law.<\/p>\n\n\n\n

Since the vote was more than three-fifths majority in both chambers, the North Carolina legislators could override Governor Cooper's veto. <\/p>\n","post_title":"Taiwan's Central Bank Focuses On Slow And Steady Development Of CBDC","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"taiwans-central-bank-focuses-on-slow-and-steady-development-of-cbdc","to_ping":"","pinged":"","post_modified":"2024-07-09 21:59:28","post_modified_gmt":"2024-07-09 11:59:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17736","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2 3 4 5 6 … 14

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

The law referenced by Judge Gilliam allows the FDIC significant leeway in handling the receivership duties of failed banks. This law forecloses actions which seek to '\"restrain or affect'\" the FDIC in fulfilling its receivership duties,\" Gilliam stated. Interestingly, the dismissal was with prejudice, meaning the lawsuit cannot be brought again.<\/p>\n\n\n\n

See Related:<\/em><\/strong> Binance Faces Major Legal Hurdle As Judge Upholds Key SEC Charges<\/a><\/p>\n\n\n\n

Impact Of First Republic's Collapse<\/h2>\n\n\n\n

First Republic Bank, which catered to wealthy customers and had $229 billion in assets, failed on May 1, 2023. The collapse was the largest US bank failure since the 2008 financial crisis, triggered by a series of Federal Reserve interest rate increases that caused significant losses in the bank's investment portfolio and prompted depositors to withdraw their funds.<\/p>\n\n\n\n

Lawyers representing the former First Republic employees did not immediately respond to requests for comment. Similarly, an FDIC spokesman declined to comment on the ruling. The case highlights the tension between federal regulatory authority and the rights of individuals affected by bank failures.<\/p>\n\n\n\n

First Republic's failure occurred less than two months after Silicon Valley Bank and Signature Bank's collapses, marking a turbulent period for the US banking sector. Despite the high-profile nature of these failures, JPMorgan was not involved in this particular case.<\/p>\n","post_title":"First Republic Ex-employees\u2019 $150M Lawsuit against FDIC Dismissed","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"first-republic-ex-employees-150m-lawsuit-against-fdic-dismissed","to_ping":"","pinged":"","post_modified":"2024-07-16 05:15:09","post_modified_gmt":"2024-07-15 19:15:09","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17803","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":17736,"post_author":"15","post_date":"2024-07-09 21:59:22","post_date_gmt":"2024-07-09 11:59:22","post_content":"\n

The President of the Central Bank of the Republic of China shared <\/a>that developing a central bank digital currency (CBDC) is not a race. Instead, the central bank should prioritize steady progress over speed.<\/p>\n\n\n\n

President Yang Jinlong highlighted that being the first to launch a CBDC does not guarantee success, as countries that have already issued or tested CBDCs have not achieved the expected outcomes.<\/p>\n\n\n\n

Yang stated that the central bank is experimenting with three scenarios to boost domestic payment efficiency and innovation. There is no set timeline for issuing a CBDC but efforts to enhance and innovativate are ongoing.<\/p>\n\n\n\n

One notable development is the CBDC prototype platform designed for retail payments. Yang mentioned that this platform could handle the cash flow operation of digital coupons, with transaction speeds reaching 20,000 transactions per second.<\/p>\n\n\n\n

See Related: <\/em><\/strong>The FTX Bankruptcy Crisis: Solana Volatility Is Back But Remains Under Loads Of Doubts Over Its Long-Term Future<\/a><\/p>\n\n\n\n

Yang reiterated that Taiwan\u2019s cautious approach to issuing a CBDC is meant to meet public digital payment needs and align with government digital policy goals, ensuring significant benefits.<\/p>\n\n\n\n

In March, the Financial Supervisory Commission announced plans to propose new digital asset regulations for Taiwan by September 2024, aiming to create more effective regulations for digital asset markets and ensure investor safety.<\/p>\n\n\n\n

North Carolina Vetoed The CBDC Ban Bill<\/h2>\n\n\n\n

North Carolina Governor Roy Cooper has rejected <\/a>a bill banning the state from using a US Federal Reserve-issued CBDC. The bill had strong support from the state\u2019s House of Representatives and Senate with a vote of 109-4 and 39-5 respectively.<\/p>\n\n\n\n

Governor Cooper is criticized for deciding without putting \u201cpartisan politics aside\u201d. The bill is said to benefit all North Carolina residents, but the Governor believes that the bill was too \u201cpremature, vague, and reactionary\u201d to be signed into law.<\/p>\n\n\n\n

Since the vote was more than three-fifths majority in both chambers, the North Carolina legislators could override Governor Cooper's veto. <\/p>\n","post_title":"Taiwan's Central Bank Focuses On Slow And Steady Development Of CBDC","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"taiwans-central-bank-focuses-on-slow-and-steady-development-of-cbdc","to_ping":"","pinged":"","post_modified":"2024-07-09 21:59:28","post_modified_gmt":"2024-07-09 11:59:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17736","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2 3 4 5 6 … 14

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

The lawsuit, dismissed by US District Judge Haywood Gilliam on Friday, claimed the FDIC improperly restricted the former employees' access to their retirement funds after the collapse of First Republic Bank. However, Judge Gilliam cited a federal law from the 1980s, established after the savings and loan crisis, that grants the FDIC broad authority as a receiver for failed banks, effectively preventing judicial intervention in such matters.<\/p>\n\n\n\n

The law referenced by Judge Gilliam allows the FDIC significant leeway in handling the receivership duties of failed banks. This law forecloses actions which seek to '\"restrain or affect'\" the FDIC in fulfilling its receivership duties,\" Gilliam stated. Interestingly, the dismissal was with prejudice, meaning the lawsuit cannot be brought again.<\/p>\n\n\n\n

See Related:<\/em><\/strong> Binance Faces Major Legal Hurdle As Judge Upholds Key SEC Charges<\/a><\/p>\n\n\n\n

Impact Of First Republic's Collapse<\/h2>\n\n\n\n

First Republic Bank, which catered to wealthy customers and had $229 billion in assets, failed on May 1, 2023. The collapse was the largest US bank failure since the 2008 financial crisis, triggered by a series of Federal Reserve interest rate increases that caused significant losses in the bank's investment portfolio and prompted depositors to withdraw their funds.<\/p>\n\n\n\n

Lawyers representing the former First Republic employees did not immediately respond to requests for comment. Similarly, an FDIC spokesman declined to comment on the ruling. The case highlights the tension between federal regulatory authority and the rights of individuals affected by bank failures.<\/p>\n\n\n\n

First Republic's failure occurred less than two months after Silicon Valley Bank and Signature Bank's collapses, marking a turbulent period for the US banking sector. Despite the high-profile nature of these failures, JPMorgan was not involved in this particular case.<\/p>\n","post_title":"First Republic Ex-employees\u2019 $150M Lawsuit against FDIC Dismissed","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"first-republic-ex-employees-150m-lawsuit-against-fdic-dismissed","to_ping":"","pinged":"","post_modified":"2024-07-16 05:15:09","post_modified_gmt":"2024-07-15 19:15:09","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17803","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":17736,"post_author":"15","post_date":"2024-07-09 21:59:22","post_date_gmt":"2024-07-09 11:59:22","post_content":"\n

The President of the Central Bank of the Republic of China shared <\/a>that developing a central bank digital currency (CBDC) is not a race. Instead, the central bank should prioritize steady progress over speed.<\/p>\n\n\n\n

President Yang Jinlong highlighted that being the first to launch a CBDC does not guarantee success, as countries that have already issued or tested CBDCs have not achieved the expected outcomes.<\/p>\n\n\n\n

Yang stated that the central bank is experimenting with three scenarios to boost domestic payment efficiency and innovation. There is no set timeline for issuing a CBDC but efforts to enhance and innovativate are ongoing.<\/p>\n\n\n\n

One notable development is the CBDC prototype platform designed for retail payments. Yang mentioned that this platform could handle the cash flow operation of digital coupons, with transaction speeds reaching 20,000 transactions per second.<\/p>\n\n\n\n

See Related: <\/em><\/strong>The FTX Bankruptcy Crisis: Solana Volatility Is Back But Remains Under Loads Of Doubts Over Its Long-Term Future<\/a><\/p>\n\n\n\n

Yang reiterated that Taiwan\u2019s cautious approach to issuing a CBDC is meant to meet public digital payment needs and align with government digital policy goals, ensuring significant benefits.<\/p>\n\n\n\n

In March, the Financial Supervisory Commission announced plans to propose new digital asset regulations for Taiwan by September 2024, aiming to create more effective regulations for digital asset markets and ensure investor safety.<\/p>\n\n\n\n

North Carolina Vetoed The CBDC Ban Bill<\/h2>\n\n\n\n

North Carolina Governor Roy Cooper has rejected <\/a>a bill banning the state from using a US Federal Reserve-issued CBDC. The bill had strong support from the state\u2019s House of Representatives and Senate with a vote of 109-4 and 39-5 respectively.<\/p>\n\n\n\n

Governor Cooper is criticized for deciding without putting \u201cpartisan politics aside\u201d. The bill is said to benefit all North Carolina residents, but the Governor believes that the bill was too \u201cpremature, vague, and reactionary\u201d to be signed into law.<\/p>\n\n\n\n

Since the vote was more than three-fifths majority in both chambers, the North Carolina legislators could override Governor Cooper's veto. <\/p>\n","post_title":"Taiwan's Central Bank Focuses On Slow And Steady Development Of CBDC","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"taiwans-central-bank-focuses-on-slow-and-steady-development-of-cbdc","to_ping":"","pinged":"","post_modified":"2024-07-09 21:59:28","post_modified_gmt":"2024-07-09 11:59:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17736","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2 3 4 5 6 … 14

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

A federal judge in California has dismissed a lawsuit brought by nearly 170 former employees of the failed First Republic Bank. The employees accused the Federal Deposit Insurance Corp (FDIC) of improperly blocking their access to at least $150 million in retirement funds, Reuters reported<\/a>.<\/p>\n\n\n\n

The lawsuit, dismissed by US District Judge Haywood Gilliam on Friday, claimed the FDIC improperly restricted the former employees' access to their retirement funds after the collapse of First Republic Bank. However, Judge Gilliam cited a federal law from the 1980s, established after the savings and loan crisis, that grants the FDIC broad authority as a receiver for failed banks, effectively preventing judicial intervention in such matters.<\/p>\n\n\n\n

The law referenced by Judge Gilliam allows the FDIC significant leeway in handling the receivership duties of failed banks. This law forecloses actions which seek to '\"restrain or affect'\" the FDIC in fulfilling its receivership duties,\" Gilliam stated. Interestingly, the dismissal was with prejudice, meaning the lawsuit cannot be brought again.<\/p>\n\n\n\n

See Related:<\/em><\/strong> Binance Faces Major Legal Hurdle As Judge Upholds Key SEC Charges<\/a><\/p>\n\n\n\n

Impact Of First Republic's Collapse<\/h2>\n\n\n\n

First Republic Bank, which catered to wealthy customers and had $229 billion in assets, failed on May 1, 2023. The collapse was the largest US bank failure since the 2008 financial crisis, triggered by a series of Federal Reserve interest rate increases that caused significant losses in the bank's investment portfolio and prompted depositors to withdraw their funds.<\/p>\n\n\n\n

Lawyers representing the former First Republic employees did not immediately respond to requests for comment. Similarly, an FDIC spokesman declined to comment on the ruling. The case highlights the tension between federal regulatory authority and the rights of individuals affected by bank failures.<\/p>\n\n\n\n

First Republic's failure occurred less than two months after Silicon Valley Bank and Signature Bank's collapses, marking a turbulent period for the US banking sector. Despite the high-profile nature of these failures, JPMorgan was not involved in this particular case.<\/p>\n","post_title":"First Republic Ex-employees\u2019 $150M Lawsuit against FDIC Dismissed","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"first-republic-ex-employees-150m-lawsuit-against-fdic-dismissed","to_ping":"","pinged":"","post_modified":"2024-07-16 05:15:09","post_modified_gmt":"2024-07-15 19:15:09","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17803","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":17736,"post_author":"15","post_date":"2024-07-09 21:59:22","post_date_gmt":"2024-07-09 11:59:22","post_content":"\n

The President of the Central Bank of the Republic of China shared <\/a>that developing a central bank digital currency (CBDC) is not a race. Instead, the central bank should prioritize steady progress over speed.<\/p>\n\n\n\n

President Yang Jinlong highlighted that being the first to launch a CBDC does not guarantee success, as countries that have already issued or tested CBDCs have not achieved the expected outcomes.<\/p>\n\n\n\n

Yang stated that the central bank is experimenting with three scenarios to boost domestic payment efficiency and innovation. There is no set timeline for issuing a CBDC but efforts to enhance and innovativate are ongoing.<\/p>\n\n\n\n

One notable development is the CBDC prototype platform designed for retail payments. Yang mentioned that this platform could handle the cash flow operation of digital coupons, with transaction speeds reaching 20,000 transactions per second.<\/p>\n\n\n\n

See Related: <\/em><\/strong>The FTX Bankruptcy Crisis: Solana Volatility Is Back But Remains Under Loads Of Doubts Over Its Long-Term Future<\/a><\/p>\n\n\n\n

Yang reiterated that Taiwan\u2019s cautious approach to issuing a CBDC is meant to meet public digital payment needs and align with government digital policy goals, ensuring significant benefits.<\/p>\n\n\n\n

In March, the Financial Supervisory Commission announced plans to propose new digital asset regulations for Taiwan by September 2024, aiming to create more effective regulations for digital asset markets and ensure investor safety.<\/p>\n\n\n\n

North Carolina Vetoed The CBDC Ban Bill<\/h2>\n\n\n\n

North Carolina Governor Roy Cooper has rejected <\/a>a bill banning the state from using a US Federal Reserve-issued CBDC. The bill had strong support from the state\u2019s House of Representatives and Senate with a vote of 109-4 and 39-5 respectively.<\/p>\n\n\n\n

Governor Cooper is criticized for deciding without putting \u201cpartisan politics aside\u201d. The bill is said to benefit all North Carolina residents, but the Governor believes that the bill was too \u201cpremature, vague, and reactionary\u201d to be signed into law.<\/p>\n\n\n\n

Since the vote was more than three-fifths majority in both chambers, the North Carolina legislators could override Governor Cooper's veto. <\/p>\n","post_title":"Taiwan's Central Bank Focuses On Slow And Steady Development Of CBDC","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"taiwans-central-bank-focuses-on-slow-and-steady-development-of-cbdc","to_ping":"","pinged":"","post_modified":"2024-07-09 21:59:28","post_modified_gmt":"2024-07-09 11:59:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17736","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2 3 4 5 6 … 14

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n
  • First Republic Bank's collapse on May 1, 2023, marked the largest US bank failure since the 2008 financial crisis.<\/li>\n<\/ul>\n\n\n\n

    A federal judge in California has dismissed a lawsuit brought by nearly 170 former employees of the failed First Republic Bank. The employees accused the Federal Deposit Insurance Corp (FDIC) of improperly blocking their access to at least $150 million in retirement funds, Reuters reported<\/a>.<\/p>\n\n\n\n

    The lawsuit, dismissed by US District Judge Haywood Gilliam on Friday, claimed the FDIC improperly restricted the former employees' access to their retirement funds after the collapse of First Republic Bank. However, Judge Gilliam cited a federal law from the 1980s, established after the savings and loan crisis, that grants the FDIC broad authority as a receiver for failed banks, effectively preventing judicial intervention in such matters.<\/p>\n\n\n\n

    The law referenced by Judge Gilliam allows the FDIC significant leeway in handling the receivership duties of failed banks. This law forecloses actions which seek to '\"restrain or affect'\" the FDIC in fulfilling its receivership duties,\" Gilliam stated. Interestingly, the dismissal was with prejudice, meaning the lawsuit cannot be brought again.<\/p>\n\n\n\n

    See Related:<\/em><\/strong> Binance Faces Major Legal Hurdle As Judge Upholds Key SEC Charges<\/a><\/p>\n\n\n\n

    Impact Of First Republic's Collapse<\/h2>\n\n\n\n

    First Republic Bank, which catered to wealthy customers and had $229 billion in assets, failed on May 1, 2023. The collapse was the largest US bank failure since the 2008 financial crisis, triggered by a series of Federal Reserve interest rate increases that caused significant losses in the bank's investment portfolio and prompted depositors to withdraw their funds.<\/p>\n\n\n\n

    Lawyers representing the former First Republic employees did not immediately respond to requests for comment. Similarly, an FDIC spokesman declined to comment on the ruling. The case highlights the tension between federal regulatory authority and the rights of individuals affected by bank failures.<\/p>\n\n\n\n

    First Republic's failure occurred less than two months after Silicon Valley Bank and Signature Bank's collapses, marking a turbulent period for the US banking sector. Despite the high-profile nature of these failures, JPMorgan was not involved in this particular case.<\/p>\n","post_title":"First Republic Ex-employees\u2019 $150M Lawsuit against FDIC Dismissed","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"first-republic-ex-employees-150m-lawsuit-against-fdic-dismissed","to_ping":"","pinged":"","post_modified":"2024-07-16 05:15:09","post_modified_gmt":"2024-07-15 19:15:09","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17803","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":17736,"post_author":"15","post_date":"2024-07-09 21:59:22","post_date_gmt":"2024-07-09 11:59:22","post_content":"\n

    The President of the Central Bank of the Republic of China shared <\/a>that developing a central bank digital currency (CBDC) is not a race. Instead, the central bank should prioritize steady progress over speed.<\/p>\n\n\n\n

    President Yang Jinlong highlighted that being the first to launch a CBDC does not guarantee success, as countries that have already issued or tested CBDCs have not achieved the expected outcomes.<\/p>\n\n\n\n

    Yang stated that the central bank is experimenting with three scenarios to boost domestic payment efficiency and innovation. There is no set timeline for issuing a CBDC but efforts to enhance and innovativate are ongoing.<\/p>\n\n\n\n

    One notable development is the CBDC prototype platform designed for retail payments. Yang mentioned that this platform could handle the cash flow operation of digital coupons, with transaction speeds reaching 20,000 transactions per second.<\/p>\n\n\n\n

    See Related: <\/em><\/strong>The FTX Bankruptcy Crisis: Solana Volatility Is Back But Remains Under Loads Of Doubts Over Its Long-Term Future<\/a><\/p>\n\n\n\n

    Yang reiterated that Taiwan\u2019s cautious approach to issuing a CBDC is meant to meet public digital payment needs and align with government digital policy goals, ensuring significant benefits.<\/p>\n\n\n\n

    In March, the Financial Supervisory Commission announced plans to propose new digital asset regulations for Taiwan by September 2024, aiming to create more effective regulations for digital asset markets and ensure investor safety.<\/p>\n\n\n\n

    North Carolina Vetoed The CBDC Ban Bill<\/h2>\n\n\n\n

    North Carolina Governor Roy Cooper has rejected <\/a>a bill banning the state from using a US Federal Reserve-issued CBDC. The bill had strong support from the state\u2019s House of Representatives and Senate with a vote of 109-4 and 39-5 respectively.<\/p>\n\n\n\n

    Governor Cooper is criticized for deciding without putting \u201cpartisan politics aside\u201d. The bill is said to benefit all North Carolina residents, but the Governor believes that the bill was too \u201cpremature, vague, and reactionary\u201d to be signed into law.<\/p>\n\n\n\n

    Since the vote was more than three-fifths majority in both chambers, the North Carolina legislators could override Governor Cooper's veto. <\/p>\n","post_title":"Taiwan's Central Bank Focuses On Slow And Steady Development Of CBDC","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"taiwans-central-bank-focuses-on-slow-and-steady-development-of-cbdc","to_ping":"","pinged":"","post_modified":"2024-07-09 21:59:28","post_modified_gmt":"2024-07-09 11:59:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17736","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

    1 2 3 4 5 6 … 14

    Most Read

    Subscribe To Our Newsletter

    By subscribing, you agree with our privacy and terms.

    Follow The Distributed

    Twitter Instagram Youtube LinkedIn Facebook RSS
    ADVERTISEMENT
    \n
  • The judge ruled that actions seeking to restrain the FDIC are barred, dismissing the lawsuit.<\/li>\n\n\n\n
  • First Republic Bank's collapse on May 1, 2023, marked the largest US bank failure since the 2008 financial crisis.<\/li>\n<\/ul>\n\n\n\n

    A federal judge in California has dismissed a lawsuit brought by nearly 170 former employees of the failed First Republic Bank. The employees accused the Federal Deposit Insurance Corp (FDIC) of improperly blocking their access to at least $150 million in retirement funds, Reuters reported<\/a>.<\/p>\n\n\n\n

    The lawsuit, dismissed by US District Judge Haywood Gilliam on Friday, claimed the FDIC improperly restricted the former employees' access to their retirement funds after the collapse of First Republic Bank. However, Judge Gilliam cited a federal law from the 1980s, established after the savings and loan crisis, that grants the FDIC broad authority as a receiver for failed banks, effectively preventing judicial intervention in such matters.<\/p>\n\n\n\n

    The law referenced by Judge Gilliam allows the FDIC significant leeway in handling the receivership duties of failed banks. This law forecloses actions which seek to '\"restrain or affect'\" the FDIC in fulfilling its receivership duties,\" Gilliam stated. Interestingly, the dismissal was with prejudice, meaning the lawsuit cannot be brought again.<\/p>\n\n\n\n

    See Related:<\/em><\/strong> Binance Faces Major Legal Hurdle As Judge Upholds Key SEC Charges<\/a><\/p>\n\n\n\n

    Impact Of First Republic's Collapse<\/h2>\n\n\n\n

    First Republic Bank, which catered to wealthy customers and had $229 billion in assets, failed on May 1, 2023. The collapse was the largest US bank failure since the 2008 financial crisis, triggered by a series of Federal Reserve interest rate increases that caused significant losses in the bank's investment portfolio and prompted depositors to withdraw their funds.<\/p>\n\n\n\n

    Lawyers representing the former First Republic employees did not immediately respond to requests for comment. Similarly, an FDIC spokesman declined to comment on the ruling. The case highlights the tension between federal regulatory authority and the rights of individuals affected by bank failures.<\/p>\n\n\n\n

    First Republic's failure occurred less than two months after Silicon Valley Bank and Signature Bank's collapses, marking a turbulent period for the US banking sector. Despite the high-profile nature of these failures, JPMorgan was not involved in this particular case.<\/p>\n","post_title":"First Republic Ex-employees\u2019 $150M Lawsuit against FDIC Dismissed","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"first-republic-ex-employees-150m-lawsuit-against-fdic-dismissed","to_ping":"","pinged":"","post_modified":"2024-07-16 05:15:09","post_modified_gmt":"2024-07-15 19:15:09","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17803","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":17736,"post_author":"15","post_date":"2024-07-09 21:59:22","post_date_gmt":"2024-07-09 11:59:22","post_content":"\n

    The President of the Central Bank of the Republic of China shared <\/a>that developing a central bank digital currency (CBDC) is not a race. Instead, the central bank should prioritize steady progress over speed.<\/p>\n\n\n\n

    President Yang Jinlong highlighted that being the first to launch a CBDC does not guarantee success, as countries that have already issued or tested CBDCs have not achieved the expected outcomes.<\/p>\n\n\n\n

    Yang stated that the central bank is experimenting with three scenarios to boost domestic payment efficiency and innovation. There is no set timeline for issuing a CBDC but efforts to enhance and innovativate are ongoing.<\/p>\n\n\n\n

    One notable development is the CBDC prototype platform designed for retail payments. Yang mentioned that this platform could handle the cash flow operation of digital coupons, with transaction speeds reaching 20,000 transactions per second.<\/p>\n\n\n\n

    See Related: <\/em><\/strong>The FTX Bankruptcy Crisis: Solana Volatility Is Back But Remains Under Loads Of Doubts Over Its Long-Term Future<\/a><\/p>\n\n\n\n

    Yang reiterated that Taiwan\u2019s cautious approach to issuing a CBDC is meant to meet public digital payment needs and align with government digital policy goals, ensuring significant benefits.<\/p>\n\n\n\n

    In March, the Financial Supervisory Commission announced plans to propose new digital asset regulations for Taiwan by September 2024, aiming to create more effective regulations for digital asset markets and ensure investor safety.<\/p>\n\n\n\n

    North Carolina Vetoed The CBDC Ban Bill<\/h2>\n\n\n\n

    North Carolina Governor Roy Cooper has rejected <\/a>a bill banning the state from using a US Federal Reserve-issued CBDC. The bill had strong support from the state\u2019s House of Representatives and Senate with a vote of 109-4 and 39-5 respectively.<\/p>\n\n\n\n

    Governor Cooper is criticized for deciding without putting \u201cpartisan politics aside\u201d. The bill is said to benefit all North Carolina residents, but the Governor believes that the bill was too \u201cpremature, vague, and reactionary\u201d to be signed into law.<\/p>\n\n\n\n

    Since the vote was more than three-fifths majority in both chambers, the North Carolina legislators could override Governor Cooper's veto. <\/p>\n","post_title":"Taiwan's Central Bank Focuses On Slow And Steady Development Of CBDC","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"taiwans-central-bank-focuses-on-slow-and-steady-development-of-cbdc","to_ping":"","pinged":"","post_modified":"2024-07-09 21:59:28","post_modified_gmt":"2024-07-09 11:59:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17736","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

    1 2 3 4 5 6 … 14

    Most Read

    Subscribe To Our Newsletter

    By subscribing, you agree with our privacy and terms.

    Follow The Distributed

    Twitter Instagram Youtube LinkedIn Facebook RSS
    ADVERTISEMENT
    \n