Too strict a reserve policy makes asset-backed money of limited use. But too lax a policy may be the first step on a slippery path to destruction. Since US President […]
This year’s coronavirus pandemic has accelerated plans for the introduction of central bank digital currencies (CBDCs)—a mobile-ready replacement for our state-issued banknotes and coins. But many of the most important […]
Amidst the chaotic fallout of the US presidential election, one result at least seemed clear: the half-century-long war on drugs has come to an end. That’s how many observers have […]
Privately issued stablecoins—digital money backed by fiat currency like the US dollar—won’t work in the long term as they lack the government support implicit in central bank money, say researchers […]
Banks should get into the lucrative cryptocurrency custody business soon or risk failing to exploit a key competitive advantage, say Boston Consulting Group (BCG) and law firm White & Case […]
Facebook’s ‘Libra’ digital currency project combined incompetence and arrogance and was bound to fail, says David Gerard, our guest on the latest New Money Review podcast. Gerard, a technology expert […]
The recovery from the coronavirus pandemic is proving patchy. It’s prone to conflict, fear and mistrust. And if we don’t fix our flawed digital identity infrastructure, says Bianca Lopes, our […]
Cryptocurrency networks help support a growing volume of dollar transfers taking place outside the traditional financial system. The growth of private stablecoins As central banks around the world debate whether […]
Governments around the world are preparing to upgrade their national money from the paper to the digital era. Some argue the introduction of central bank digital currencies (CBDC) will mark […]
A year after it threatened to ban the sale to retail clients of contracts based on bitcoin and other cryptoassets, the UK’s financial markets regulator has put its words into […]
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