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 […]
If you want to get regulators onside to launch a new global payments technology, there’s one place in particular where you need to plead your case. It’s Basel in north-west […]
They may not be at war, but relations between the traditional finance and cryptocurrency/blockchain camps have long been marked by mutual suspicion. A year ago, Sibos, which describes itself as […]
China’s central bank head sought last week to head off speculative fever regarding the launch of a new state-backed digital currency. Intense investor interest in China’s financial technology (fintech) sector […]
According to some fintech firms, large banks do have a future. It’s just as a low-value provider of the transaction data that they, the highly rated tech specialists, will exploit. […]
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 […]
Facebook’s new payment initiative, Libra, is already causing discord between policymakers in the UK and those in other European Union countries. Libra, which is heavily backed by Mark Zuckerberg’s social […]
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 […]
Only a few months ago, central banks were stalling on plans to issue their own digital currencies. Now China is taking an early lead in the race to launch one. […]
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 […]