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New Hampshire Becomes Latest US State To Legislate Against CBDC
Following similar action in Indiana, Florida, Alabama and South Carolina, New Hampshire has become the latest US state to legislate against the use of central bank digital currency (CBDC).
In New Hampshire, Republican representative James Summers and three cosponsors have introduced House Bill 1232 (HB1232).
If adopted, the bill would prohibit any agency, department or political subdivision of the state from accepting payments using CBDC.
It would also prohibit them from participating in any test of CBDC by any Federal Reserve branch.
In May this year, as covered by Vixio, lawmakers in Florida voted 116-1 to ban the use of CBDC in the state.
The bill, the first-of-its-kind in the US, was signed into law by Florida governor Ron DeSantis later that month.
Russian Director Of UK Payments Firm Quits Following FCA Probe
A Russian citizen who was a director of a UK payments firm has resigned following a restriction order placed on the company by the Financial Conduct Authority (FCA).
Mikhail Strogonov, also known as Mikhail Nadel or Michael Strogonov, resigned from his post at Dzing Finance on November 20, according to a Companies House filing.
In October, the FCA imposed severe restrictions on Dzing Finance, after finding that one in five payments received by its users were linked to authorised push payment (APP) fraud.
Previously, Strogonov was the chairman of Asia Universal Bank, the largest bank in Kyrgyzstan. He held the post until 2010, but was convicted of fraud and money laundering in Kyrgyzstan and sentenced to 16 years imprisonment.
Strogonov denied the charges, claiming that he was wrongfully convicted due to political motivations. According to Companies House, Strogonov currently resides in Israel.
IrisGuard Biometrics Partners With Yemen’s National Payments Company
IrisGuard, a provider of biometric payments technology, has announced a new partnership with the National Payments Company of Yemen (MEPSYemen).
The partnership will see MEPSYemen implement the IrisGuard's EyePay Network, which will be deployed for retail use at banks, shops, post offices and mobile wallet agents, and by government agencies and non-governmental organisations.
"This agreement is a significant step in developing technological services in Yemen,” said Kamal Abdulraqeeb Al-Subaihi, director general of payment systems at the Central Bank of Yemen.
“It reflects the vision of the Central Bank of Yemen, aiming for digital transformation through the implementation of secure and sound payment systems, aligning with international standards.”
