The Daily Data Room: Monday, June 8th, 2024

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Today's headlines include the UK potentially leading the way in designing CBDCs to benefit people rather than banks, Europe updating the Travel Rule to include crypto service providers in anti-money laundering efforts, an ex-Obama Solicitor General accusing regulators of intentionally debanking crypto firms, and the North Carolina governor vetoing a CBDC ban bill, calling it "premature".

• The UK Labour Party's strategy acknowledges the rising rationale for a state-backed digital pound while emphasizing the need for financial goods to reach neglected populations.

• The European Banking Authority (EBA) revised its Travel Rule rules to encompass cryptocurrency service providers and intermediaries.

• A former Solicitor General who served under the Obama administration has accused U.S. regulators of deliberately suffocating the cryptocurrency market through debanking practices.

• The governor of North Carolina vetoed a bill that would have prohibited the state from accepting payments in US Federal Reserve-issued CBDC.

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