Talks about Central Bank Digital Currencies (CBDC) have been ongoing for a long time, however, we are seeing attempts at practical implementation only now as the coronavirus pandemic rages across the world.
Kentucky Republican Rep. Thomas Massie tried to delay the voting on COVID-19 relief bill by objecting a roll call voting that would not require the presence of all members in Washington. Eventually, he failed to do this as the quorum of the House members blocked his request.
The government of Ukraine will start overseeing all Bitcoin and cryptocurrency transactions, however, the current minister of finance has acknowledged that it is not virtual tokens but fiat currency which villains, fraudulent and corrupt public workers take advantage of.
At the international level, the framework is being composed thanks to the indisputable initiative of Switzerland in particular that on the issues of the new regulation for cryptocurrency / tokenization in financial markets is leading the way and laying the foundations for the construction of many experimental projects and to build those experiences that then allow to "write the actual rules".
The Reserve Bank of India recently announced cryptocurrency is not banned in the country but advised citizens not to rely on it. At the same time, the country seems to be much more friendly towards blockchain, launching a hub in Bengaluru.
The Malaysian Government, under its Securities Commission, recently announced the creation of a new digital currency Regulatory Framework. The new guideline is to control transactions involving crypto currency Tokens within the country's borders.
Recently Russians woke up to the news of a new prime minister following a number of events that saw the government resigning. The new PM, who served as the head of Russian tax services Mikhail Mishustin has supported cryptocurrency for quite some time. The prime ministers vowed to transform the modern blockchain powered state for the benefit of Russians.
President Nicolás Maduro, states that, from 2020, oil will be sold for Petros, the cryptocurrency developed by the Venezuelan government. He assured that this year the country's oil production will be sold in their own oil-backed stablecoin.