Digital identity systems promise a way out of the coronavirus slump. But as they have major implications for money systems, politics and democracy, getting them wrong could have disastrous repercussions. […]
For the last four decades we’ve been living through a period of globalisation, with economies becoming ever more specialised. That specialisation has also meant we are all more reliant on […]
Hard economic times can spur the adoption of local currencies. Could digital payments give a boost to the trend? In an economic slump, no one has much cash. And if […]
The ongoing revolution in payments merits everyone’s attention. That’s because it’s not just a question of winners and losers in the battle over payment technology or the societal impact of […]
Today’s dramatic collapse in the oil price is the latest confirmation of an economic slump that central banks and governments appear powerless to halt. Benchmark oil prices, measured by the […]
In an updated version of its white paper, released today, the Libra Association says it is scaling back its initial plans for a global payments medium and instead focusing on […]
Leaked prototypes of China’s new central bank digital currency (CBDC) suggest the country will use mobile phone-based money to challenge US control of the global financial system. According to media […]
Bitcoin poses a revolutionary challenge to conventional models of financial governance, says a University of Luxembourg researcher. Financial market infrastructures—or ‘FMIs’, for short—are the most heavily regulated part of the […]
The dramatic March 12 price crash in cryptocurrency markets showed that the underlying market structure of bitcoin and ethereum is broken and needs fixing, says Kyle Samani, our guest on […]
Earlier today, in an attempt to combat the business slump caused by the coronavirus, the UK tore up the economics textbooks by embracing direct central bank financing of the government’s […]