New Money Review

Private stablecoins won’t work as money, says the BIS

November 10, 2020 Comments are Disabled

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 need to move fast in crypto custody

November 10, 2020 Comments are Disabled

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 […]

One in four high-quality bonds has negative yield

November 9, 2020 Comments are Disabled

More than a quarter by value of the world’s investment-grade bonds now have negative yields, according to the latest data from Bloomberg. The market value of the Bloomberg Barclays Global […]

WhatsApp gets green light for payments in India

November 6, 2020 Comments are Disabled

Facebook-owned messaging service WhatsApp said that from today it is rolling out a payments option for its 400m users in India. The new feature will enable Indian users of the […]

US seizes over $1bn in bitcoin from Silk Road hacker

November 5, 2020 Comments are Disabled

The US government disclosed today that it had seized over $1bn of bitcoin from an unidentified individual who had stolen the cryptocurrency by hacking the Silk Road dark net website […]

Why Libra was bound to fail

November 5, 2020 Comments are Disabled

Facebook’s ‘Libra’ digital currency project combined incompetence and arrogance and was bound to fail, says David Gerard, our guest on the latest New Money Review podcast. Gerard, a technology expert […]

Digitalisation of payments accelerates

November 4, 2020 Comments are Disabled

Around the world, payments are becoming faster, more efficient and more convenient due to the increasing adoption of digital and mobile technology, says the Bank for International Settlements (BIS) in […]

Chinese regulators torpedo Ant Group listing

November 3, 2020 Comments are Disabled

The Shanghai Stock Exchange (SSE) has intervened to halt the public sale of shares in Ant Group, China’s financial technology giant, due to take place later this week. The share […]

China tech magnate slams global banking rules

October 26, 2020 Comments are Disabled

Jack Ma, the co-founder and chairman of Chinese technology giant Alibaba, has attacked the Basel regulatory framework for the global banking system, calling it a hindrance to development. The Basel […]

Flawed ID systems risk perpetual crisis

October 23, 2020 Comments are Disabled

The recovery from the coronavirus pandemic is proving patchy. It’s prone to conflict, fear and mistrust. And if we don’t fix our flawed digital identity infrastructure, says Bianca Lopes, our […]

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Other News

Private stablecoins won’t work as money, says the BIS

Banks need to move fast in crypto custody

One in four high-quality bonds has negative yield

WhatsApp gets green light for payments in India

US seizes over $1bn in bitcoin from Silk Road hacker

Why Libra was bound to fail

Digitalisation of payments accelerates

Chinese regulators torpedo Ant Group listing

China tech magnate slams global banking rules

Flawed ID systems risk perpetual crisis

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