It’s time to level the playing field between technology firms and finance incumbents, say policymakers. Along with healthcare, transport and energy, finance is one of the most heavily regulated sectors […]
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 […]
There’s a country out there that’s invisible to most of us. It’s called Moneyland. This country doesn’t discriminate against outsiders. It’s open to anyone, so long as they can afford […]
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 […]
Last week, France’s finance minister slammed Libra, Facebook’s proposed payments coin, for encroaching on a key area of national power. Bruno Le Maire said his country would block the development […]
What do Wikipedia—an online encyclopedia—and bitcoin—internet money—have in common? Both are open-source projects. This type of initiative is playing an increasingly powerful role in many areas of life. Open-source networks […]
Hardly at all, then at once—the tectonic plates of the global monetary system are shifting. Mark Carney, the outgoing Bank of England governor, yesterday shocked the traditionally staid annual August […]