Facebook’s Libra project, announced this summer, shook up politicians and regulators by showing how quickly the digital money race is accelerating. To understand what’s going on, we need to look […]
In developed financial markets, a fundamental principle of the legal regime is that a financial institution’s assets and its clients’ assets are kept separate. That way, if the institution goes […]
The Bank for International Settlements (BIS) is boosting its response to innovative financial technology such as cryptocurrency by appointing European Central Bank board member Benoît Cœuré as the head of […]
Governments appear to want to split bitcoin into two. But will they succeed? In June, the Financial Action Task Force (FATF), a group of 36 governments seeking to address money […]
Financial index data help drive the revenues of many stock and futures exchanges. But calculating an index from market inputs, apparently a straightforward activity, can still be a risky one. […]
The US lawmakers who grilled Facebook boss Mark Zuckerberg for six hours last week appeared to speak from a position of power. But the tough talk could disguise fundamental weakness. […]
Building a new bitcoin mine in the middle of Texas, where summer temperatures often reach 50 degrees Celsius, seems a terrible PR move in a world increasingly preoccupied by global […]
For its supporters, bitcoin is digital gold, providing an immutable historical record of financial transactions. For goldbugs, nothing beats the scarcity and durability of the yellow metal. Now a new […]
The worlds of traditional finance and cryptocurrency/blockchain are still far apart. But we should keep our eyes open for signs of a longer-term convergence between legacy and decentralised finance, says […]
Regulators are intensifying their efforts to prevent the operators of social networks from launching digital currencies that may subsequently prove hard to dislodge. During the last week, global financial regulators […]
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