Two events in the last fifteen years have fundamentally altered the way the financial system operates—and neither was planned by global policymakers. The great crash of 2008 stopped banks from […]
A group of US legislators wants the US Treasury to introduce a fully anonymous digital dollar, countering plans for the central bank to take the responsibility of digitising the national […]
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 […]
The US central bank has warned of growing risks in the stablecoin sector. In its half-yearly Financial Stability report, released yesterday, the Federal Reserve said that stablecoins pose a growing […]
Central banks around the world are rushing to prepare digital replacements for their notes and coins. But the most critical question of all regarding state digital money remains unresolved. Will […]
Central banks may need to provide further emergency support to the non-bank financial system, the Bank for International Settlements (BIS) warned in an article published in the Financial Times on […]
Welcome to the new financial system. Same as the old one? On the face of it, the philosophical differences between centralised and decentralised finance (or ‘CeFi’ and ‘DeFi’, for short) […]
Global financial markets are now addicted to the trillions of dollars of liquidity being pumped into the system by central banks, says Michael Howell, CEO of CrossBorder Capital, a London-based […]
US cyberspies fly to the UK to try to stop Britain signing a new deal with Huawei. The US threatens to cut off Iraq from the global financial infrastructure. A […]
Only a few months ago, central banks were stalling on plans to issue their own digital currencies. Now China is taking an early lead in the race to launch one. […]