China remains the only country set to launch it’s Central Bank Digital Currency (CBDC), however, legislators have also proposed for a New York cryptocurrency in the U.S. The proposed cryptocurrency will act as a form of hyper-localized digital cash that would run on a peer-to-peer payments platform. Proposed by New York State Assemblyman Ron Kim, Senator Julia Salazar, and Cornell Law Professor Robert Hockett, the digital cash is dubbed Inclusive Value Ledger. The lawmakers to back their proposal published a whitepaper to elaborate on the idea as it comes with crypto’s common claims of cutting out the middleman. The New