The UK’s central bank is preparing for a once-in-a-lifetime reordering of the monetary system as a result of the arrival of new forms of digital money. In a discussion paper […]
The UK’s financial services regulator has warned that client money is not safe if held at a cryptoasset firm. The warning came as the Financial Conduct Authority (FCA) announced it […]
The race to develop a central bank digital currency (CBDC) is often portrayed as one of polar opposites: the Chinese hare against the US tortoise. But we should keep a […]
Belief in a new era, rampant speculation, insider dealing, market manipulation, fortunes being won and lost… The cryptocurrency boom of 2020/21 sounds very much like the US stock market before […]
In the latest New Money Review podcast, Carol McNaughton Nicholls and Rachel Rowlinson of strategy consultancy ‘Britain Thinks’ talk about the behaviours, attitudes and financial resilience of self-directed investors in the UK. Britain Thinks […]
Many large financial institutions have performed an about-turn in cryptocurrency during the last few years, moving from a position of outright hostility to one of acceptance and even enthusiasm. But […]
By comparison with assets like gold, real estate and government bonds, the advantages of bitcoin as a store of value are that it is electronic, operates on a decentralised blockchain […]
More than five thousand years before European states launched the euro, the region already had a single currency—bronze. According to researchers Nicola Ialongo from Göttingen University and Giancarlo Lago from […]
Political revolutions often go hand-in-hand with revolutions in money. Stores of value change, the way we make payments changes, our attitudes to credit change. According to Rebecca Spang, professor of […]
The biggest crises in financial markets happen when an asset previously assumed to be safe turns out not to be. Investors rush to sell it, they find they can’t get […]