Decentralised finance (DeFi) resembles the unregulated ‘shadow banking’ whose unruly growth triggered the 2008 financial crisis. And regulators need to move fast to avoid a repeat of the crash, says […]
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 […]
Cryptocurrency deposit-taker and lender BlockFi made materially false and misleading statements on its website about the risks facing smaller clients, the US securities regulator said today. According to the Securities […]
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 last decade we’ve seen four massive leaks of data from offshore financial centres: the Panama, Paradise and Pandora papers and the FinCEN files. No-one knows who leaked this […]
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 […]