According to UK prime minister Boris Johnson, Britain and its Western allies will increase the economic pressure on Russia by examining whether more can be done to prevent President Vladimir […]
On 28 February the US, EU and UK froze most of the Russian central bank’s $630bn foreign currency reserves, responding to the country’s invasion of Ukraine. In the words of […]
Amidst the escalating war in Ukraine, Western countries are seeking to step up sanctions against Russia-linked entities. But sanctions can only be enforced if the dividing line between permitted and […]
Over the last decade India has undertaken arguably the most ambitious digitisation programme of any country in the world. Its so-called ‘India stack’—a public digital infrastructure that allows governments, businesses, […]
Cryptocurrency exchange Binance today regained access to the UK’s Faster Payments system, which enables 24/7 real-time sterling payments of up to £1m. Binance is using UK-based electronic money institution Paysafe […]
Last week’s $320m Wormhole hack raises serious questions about contagion risks between crypto and the broader financial markets. $320m of disappearing ether On February 2, an attacker exploited faulty code […]
India’s government said yesterday it plans to launch a digital version of its national currency later this year or in 2023. The country’s finance minister, Nirmala Sitharaman, said in her […]
In the latest New Money Review podcast, technologist Martin Walker tells Paul Amery how the cryptocurrency bubble has wasted huge amounts of capital and is only one of several interconnected […]
The US central bank has set out its thoughts on a possible future digital currency (CBDC) in a widely awaited discussion paper, released yesterday. In the paper, the Federal Reserve […]
Russia’s central bank, the Bank of Russia, has called for a ban on cryptocurrency, including the issuance, trading, investment in and mining of these digital assets. In a 37-page consultation […]