The “CBDC Anti-Surveillance State Act,” aimed at preventing the Federal Reserve from issuing a central bank digital currency, has passed the House Financial Services Committee.
The regulator alleged that Bit Trade, the provider for Kraken in Australia, did not make a target market determination before offering its margin trading product to Australian customers.
The Institute of International Finance looked at seven areas where digital euro legislation, which is being developed alongside the technology, is lacking.
Critics of the U.K. Online Safety Bill had pushed for amendments prior to passage, claiming the legislation could allow authorities a backdoor for end-to-end encryption services.