SC Ventures, the innovation and ventures unit of Standard Chartered Bank, and Northern Trust, one of the world’s largest custodian banks, are teaming up to create Zodia Custody, a new […]
Economics textbooks tell us humans created money to overcome the drawbacks of barter. If your chicken wasn’t worth someone’s bushel of grain, you had no bread and they had no […]
Governments are acquiring an increasing share of the overall bitcoin supply after a spate of asset seizures from cyber criminals. In recent days, Chinese authorities have announced the confiscation of […]
Central banks are braced for a world in which digital dollar tokens called stablecoins explode in value, posing a threat to governments’ ability to monitor the financial system. That’s one […]
The increasing adoption of cryptodollars—digital dollar tokens that can be passed hand-to-hand—is a sure sign of the revolution that’s taking place in money, says Nic Carter, our guest on the […]
Too strict a reserve policy makes asset-backed money of limited use. But too lax a policy may be the first step on a slippery path to destruction. Since US President […]
This year’s coronavirus pandemic has accelerated plans for the introduction of central bank digital currencies (CBDCs)—a mobile-ready replacement for our state-issued banknotes and coins. But many of the most important […]
Amidst the chaotic fallout of the US presidential election, one result at least seemed clear: the half-century-long war on drugs has come to an end. That’s how many observers have […]
Privately issued stablecoins—digital money backed by fiat currency like the US dollar—won’t work in the long term as they lack the government support implicit in central bank money, say researchers […]
Banks should get into the lucrative cryptocurrency custody business soon or risk failing to exploit a key competitive advantage, say Boston Consulting Group (BCG) and law firm White & Case […]