{"id":6474,"date":"2021-06-23T11:00:17","date_gmt":"2021-06-23T11:00:17","guid":{"rendered":"https:\/\/newmoneyreview.com\/?p=6474"},"modified":"2021-07-07T14:54:41","modified_gmt":"2021-07-07T14:54:41","slug":"central-banks-counter-bigtechs-digital-money-push","status":"publish","type":"post","link":"https:\/\/newmoneyreview.com\/index.php\/2021\/06\/23\/central-banks-counter-bigtechs-digital-money-push\/","title":{"rendered":"Central banks counter bigtechs\u2019 digital money push"},"content":{"rendered":"

Central banks are accelerating their planned introduction of new forms of digital money to head off the ambitions of large technology firms in this area.<\/p>\n

\u201cThere is a sense of urgency [at central banks] when it comes to central bank digital currency (CBDC),\u201d said Beno\u00eet C\u0153ur\u00e9, head of the innovation hub at the Bank for International Settlements (BIS).<\/p>\n

The Basel-based BIS is the main policymaking body for the world\u2019s central banks.<\/p>\n

\u201cThat sense of urgency comes the emergence of global stablecoins as a possible payment option and the entry of the bigtech firms into the payment market,\u201d said C\u0153ur\u00e9.<\/p>\n

\u201cThere is a sense of urgency when it comes to CBDC\u201d<\/p><\/blockquote>\n

Stablecoins are digital versions of existing fiat money, like the pound, dollar, euro or yen, but issued by private sector entities and backed by reserves.<\/p>\n

In 2019, tech giant Facebook announced a project for a new global stablecoin<\/a>. The firm has since dialled down its ambitions and is now focused on introducing a digital version of the US dollar<\/a>.<\/p>\n

C\u0153ur\u00e9\u2019s comments came ahead of the release of the BIS\u2019s 2021 economic report, in which it devotes a special chapter to the topic of CBDCs<\/a>.<\/p>\n

In the report, the BIS makes a spirited defence of central banks\u2019 role at the centre of the monetary system.<\/p>\n

\u201cThe exploration of CBDCs provides an opportunity to review and reaffirm the public interest case for digital money,\u201d the BIS said.<\/p>\n

\u201cThe monetary system is a public good that permeates people\u2019s everyday lives and underpins the economy.\u201d<\/p>\n

Specifically, the BIS said, central banks have a role in keeping payment systems open-access and low-cost.<\/p>\n

If large tech firms were to take over money via new digital payments technology, the BIS went on, the outcome for consumers might be worse than it is today.<\/p>\n

\u201cThe monetary system is a public good\u201d<\/p><\/blockquote>\n

\u201cDigital money should be designed with the public interest in mind,\u201d the BIS said.<\/p>\n

\u201cThe same technology that can encourage a virtuous circle of greater access, lower costs and better services might equally induce a vicious circle of data silos, market power and anti-competitive practices,\u201d it said.<\/p>\n

In the report, the BIS said that high costs are still one of the most stubborn shortcomings of the existing payment system.<\/p>\n

It cited the high merchant fees associated with credit and debit card payments as an example, pointing out that in some regions revenues deriving from credit card fees add up to more than 1 percent of GDP.<\/p>\n

The public sector also has role in ensuring competition in the payment system and in preventing individuals\u2019 data from being used to their disadvantage, the BIS said.<\/p>\n

\u201cAccess to data confers competitive advantages that may entrench market power,\u201d it warned.<\/p>\n

\u201cEnsuring privacy against unjustified intrusion by both commercial and government actors has the attributes of a basic right. For these reasons, the issue of data governance has emerged as a key public policy concern.\u201d<\/p>\n

Backing up its warning, the BIS cited survey data showing that US consumers trust such bigtech firms the least to manage their data, with traditional financial institutions receiving higher confidence ratings.<\/p>\n

\"\"<\/p>\n

According to the BIS\u2019s innovation chief, private stablecoins, such as that proposed by Facebook, will only ever be an appendage to the existing monetary system, run by central banks.<\/p>\n

\u201cCBDCs will be at the centre and you will have all kinds of private means of payment around them, including stablecoins, new interfaces, mobile payments and so on,\u201d C\u0153ur\u00e9 said.<\/p>\n

Two weeks ago the Basel Committee for Banking Supervision, which is hosted by the BIS, proposed new guidelines for cryptoassets<\/a> held by traditional financial institutions.<\/p>\n

The committee said that if banks held stablecoins without a robust stabilisation mechanism they would face punitive capital charges for doing so.<\/p>\n

Sign up here<\/a> for the New Money Review newsletter<\/em><\/p>\n

Click here<\/a> for a full list of episodes of the New Money Review podcast: the future of money in 30 minutes<\/em><\/p>\n

Related content from New Money Review<\/em><\/span><\/p>\n

BIS boosts digital currency response<\/a><\/p>\n

Bank of England prepares for money earthquake<\/a><\/p>\n

Banks will have to capitalise bitcoin holdings in full<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Central banks are accelerating their planned introduction of new forms of digital money to head off the ambitions of large technology firms in this area. \u201cThere is a sense of […]<\/p>\n","protected":false},"author":3,"featured_media":6472,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1013,1012,1053,1014],"tags":[2029,1592,1085,1289],"class_list":{"0":"post-6474","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-account","8":"category-exchange","9":"category-featured-1","10":"category-payment","11":"tag-annual-economic-report","12":"tag-benoit-coeure","13":"tag-bis","14":"tag-cbdc"},"yoast_head":"\nCentral banks counter bigtechs\u2019 digital money push - New Money Review<\/title>\n<meta name=\"description\" content=\"Money is too important to be left to large tech firms to manage, says the Bank for International Settlements in a new report\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/newmoneyreview.com\/index.php\/2021\/06\/23\/central-banks-counter-bigtechs-digital-money-push\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Central banks counter bigtechs\u2019 digital money push - New Money Review\" \/>\n<meta property=\"og:description\" content=\"Money is too important to be left to large tech firms to manage, says the Bank for International Settlements in a new report\" \/>\n<meta property=\"og:url\" content=\"https:\/\/newmoneyreview.com\/index.php\/2021\/06\/23\/central-banks-counter-bigtechs-digital-money-push\/\" \/>\n<meta property=\"og:site_name\" content=\"New Money Review\" \/>\n<meta property=\"article:published_time\" content=\"2021-06-23T11:00:17+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-07-07T14:54:41+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/newmoneyreview.com\/wp-content\/uploads\/2021\/06\/data.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1400\" \/>\n\t<meta property=\"og:image:height\" content=\"862\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Paul Amery\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@ameryp\" \/>\n<meta name=\"twitter:site\" content=\"@newmoneyreview\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Paul Amery\" \/>\n\t<meta name=\"twitter:label2\" content=\"Estimated reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/newmoneyreview.com\/index.php\/2021\/06\/23\/central-banks-counter-bigtechs-digital-money-push\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/newmoneyreview.com\/index.php\/2021\/06\/23\/central-banks-counter-bigtechs-digital-money-push\/\"},\"author\":{\"name\":\"Paul Amery\",\"@id\":\"https:\/\/newmoneyreview.com\/#\/schema\/person\/71bdc8f94d4973d4c5bd2a8fe5a83412\"},\"headline\":\"Central banks counter bigtechs\u2019 digital money push\",\"datePublished\":\"2021-06-23T11:00:17+00:00\",\"dateModified\":\"2021-07-07T14:54:41+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/newmoneyreview.com\/index.php\/2021\/06\/23\/central-banks-counter-bigtechs-digital-money-push\/\"},\"wordCount\":690,\"publisher\":{\"@id\":\"https:\/\/newmoneyreview.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/newmoneyreview.com\/index.php\/2021\/06\/23\/central-banks-counter-bigtechs-digital-money-push\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/newmoneyreview.com\/wp-content\/uploads\/2021\/06\/data.jpg\",\"keywords\":[\"annual economic report\",\"Beno\u00eet C\u0153ur\u00e9\",\"BIS\",\"CBDC\"],\"articleSection\":[\"ACCOUNT\",\"EXCHANGE\",\"Featured\",\"PAYMENT\"],\"inLanguage\":\"en-GB\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/newmoneyreview.com\/index.php\/2021\/06\/23\/central-banks-counter-bigtechs-digital-money-push\/\",\"url\":\"https:\/\/newmoneyreview.com\/index.php\/2021\/06\/23\/central-banks-counter-bigtechs-digital-money-push\/\",\"name\":\"Central banks counter bigtechs\u2019 digital money push - New Money Review\",\"isPartOf\":{\"@id\":\"https:\/\/newmoneyreview.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/newmoneyreview.com\/index.php\/2021\/06\/23\/central-banks-counter-bigtechs-digital-money-push\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/newmoneyreview.com\/index.php\/2021\/06\/23\/central-banks-counter-bigtechs-digital-money-push\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/newmoneyreview.com\/wp-content\/uploads\/2021\/06\/data.jpg\",\"datePublished\":\"2021-06-23T11:00:17+00:00\",\"dateModified\":\"2021-07-07T14:54:41+00:00\",\"description\":\"Money is too important to be left to large tech firms to manage, says the Bank for International Settlements in a new report\",\"breadcrumb\":{\"@id\":\"https:\/\/newmoneyreview.com\/index.php\/2021\/06\/23\/central-banks-counter-bigtechs-digital-money-push\/#breadcrumb\"},\"inLanguage\":\"en-GB\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/newmoneyreview.com\/index.php\/2021\/06\/23\/central-banks-counter-bigtechs-digital-money-push\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-GB\",\"@id\":\"https:\/\/newmoneyreview.com\/index.php\/2021\/06\/23\/central-banks-counter-bigtechs-digital-money-push\/#primaryimage\",\"url\":\"https:\/\/newmoneyreview.com\/wp-content\/uploads\/2021\/06\/data.jpg\",\"contentUrl\":\"https:\/\/newmoneyreview.com\/wp-content\/uploads\/2021\/06\/data.jpg\",\"width\":1400,\"height\":862},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/newmoneyreview.com\/index.php\/2021\/06\/23\/central-banks-counter-bigtechs-digital-money-push\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/newmoneyreview.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Central banks counter bigtechs\u2019 digital money push\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/newmoneyreview.com\/#website\",\"url\":\"https:\/\/newmoneyreview.com\/\",\"name\":\"New Money Review\",\"description\":\"A periodical covering the accelerating changes in money\",\"publisher\":{\"@id\":\"https:\/\/newmoneyreview.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/newmoneyreview.com\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-GB\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/newmoneyreview.com\/#organization\",\"name\":\"New Money Review\",\"url\":\"https:\/\/newmoneyreview.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-GB\",\"@id\":\"https:\/\/newmoneyreview.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/newmoneyreview.com\/wp-content\/uploads\/2018\/01\/cropped-nmr_close-crop.jpg\",\"contentUrl\":\"https:\/\/newmoneyreview.com\/wp-content\/uploads\/2018\/01\/cropped-nmr_close-crop.jpg\",\"width\":1418,\"height\":158,\"caption\":\"New Money Review\"},\"image\":{\"@id\":\"https:\/\/newmoneyreview.com\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/x.com\/newmoneyreview\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/newmoneyreview.com\/#\/schema\/person\/71bdc8f94d4973d4c5bd2a8fe5a83412\",\"name\":\"Paul Amery\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-GB\",\"@id\":\"https:\/\/newmoneyreview.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/58b6269b43fc8c137f118222b601e5041bee2cc0e3291a23180bfb7d36499b18?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/58b6269b43fc8c137f118222b601e5041bee2cc0e3291a23180bfb7d36499b18?s=96&d=mm&r=g\",\"caption\":\"Paul Amery\"},\"sameAs\":[\"https:\/\/x.com\/@ameryp\"],\"url\":\"https:\/\/newmoneyreview.com\/index.php\/author\/paul-amery\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Central banks counter bigtechs\u2019 digital money push - New Money Review","description":"Money is too important to be left to large tech firms to manage, says the Bank for International Settlements in a new report","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/newmoneyreview.com\/index.php\/2021\/06\/23\/central-banks-counter-bigtechs-digital-money-push\/","og_locale":"en_GB","og_type":"article","og_title":"Central banks counter bigtechs\u2019 digital money push - New Money Review","og_description":"Money is too important to be left to large tech firms to manage, says the Bank for International Settlements in a new report","og_url":"https:\/\/newmoneyreview.com\/index.php\/2021\/06\/23\/central-banks-counter-bigtechs-digital-money-push\/","og_site_name":"New Money Review","article_published_time":"2021-06-23T11:00:17+00:00","article_modified_time":"2021-07-07T14:54:41+00:00","og_image":[{"width":1400,"height":862,"url":"https:\/\/newmoneyreview.com\/wp-content\/uploads\/2021\/06\/data.jpg","type":"image\/jpeg"}],"author":"Paul Amery","twitter_card":"summary_large_image","twitter_creator":"@ameryp","twitter_site":"@newmoneyreview","twitter_misc":{"Written by":"Paul Amery","Estimated reading time":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/newmoneyreview.com\/index.php\/2021\/06\/23\/central-banks-counter-bigtechs-digital-money-push\/#article","isPartOf":{"@id":"https:\/\/newmoneyreview.com\/index.php\/2021\/06\/23\/central-banks-counter-bigtechs-digital-money-push\/"},"author":{"name":"Paul Amery","@id":"https:\/\/newmoneyreview.com\/#\/schema\/person\/71bdc8f94d4973d4c5bd2a8fe5a83412"},"headline":"Central banks counter bigtechs\u2019 digital money push","datePublished":"2021-06-23T11:00:17+00:00","dateModified":"2021-07-07T14:54:41+00:00","mainEntityOfPage":{"@id":"https:\/\/newmoneyreview.com\/index.php\/2021\/06\/23\/central-banks-counter-bigtechs-digital-money-push\/"},"wordCount":690,"publisher":{"@id":"https:\/\/newmoneyreview.com\/#organization"},"image":{"@id":"https:\/\/newmoneyreview.com\/index.php\/2021\/06\/23\/central-banks-counter-bigtechs-digital-money-push\/#primaryimage"},"thumbnailUrl":"https:\/\/newmoneyreview.com\/wp-content\/uploads\/2021\/06\/data.jpg","keywords":["annual economic report","Beno\u00eet C\u0153ur\u00e9","BIS","CBDC"],"articleSection":["ACCOUNT","EXCHANGE","Featured","PAYMENT"],"inLanguage":"en-GB"},{"@type":"WebPage","@id":"https:\/\/newmoneyreview.com\/index.php\/2021\/06\/23\/central-banks-counter-bigtechs-digital-money-push\/","url":"https:\/\/newmoneyreview.com\/index.php\/2021\/06\/23\/central-banks-counter-bigtechs-digital-money-push\/","name":"Central banks counter bigtechs\u2019 digital money push - New Money Review","isPartOf":{"@id":"https:\/\/newmoneyreview.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/newmoneyreview.com\/index.php\/2021\/06\/23\/central-banks-counter-bigtechs-digital-money-push\/#primaryimage"},"image":{"@id":"https:\/\/newmoneyreview.com\/index.php\/2021\/06\/23\/central-banks-counter-bigtechs-digital-money-push\/#primaryimage"},"thumbnailUrl":"https:\/\/newmoneyreview.com\/wp-content\/uploads\/2021\/06\/data.jpg","datePublished":"2021-06-23T11:00:17+00:00","dateModified":"2021-07-07T14:54:41+00:00","description":"Money is too important to be left to large tech firms to manage, says the Bank for International Settlements in a new report","breadcrumb":{"@id":"https:\/\/newmoneyreview.com\/index.php\/2021\/06\/23\/central-banks-counter-bigtechs-digital-money-push\/#breadcrumb"},"inLanguage":"en-GB","potentialAction":[{"@type":"ReadAction","target":["https:\/\/newmoneyreview.com\/index.php\/2021\/06\/23\/central-banks-counter-bigtechs-digital-money-push\/"]}]},{"@type":"ImageObject","inLanguage":"en-GB","@id":"https:\/\/newmoneyreview.com\/index.php\/2021\/06\/23\/central-banks-counter-bigtechs-digital-money-push\/#primaryimage","url":"https:\/\/newmoneyreview.com\/wp-content\/uploads\/2021\/06\/data.jpg","contentUrl":"https:\/\/newmoneyreview.com\/wp-content\/uploads\/2021\/06\/data.jpg","width":1400,"height":862},{"@type":"BreadcrumbList","@id":"https:\/\/newmoneyreview.com\/index.php\/2021\/06\/23\/central-banks-counter-bigtechs-digital-money-push\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/newmoneyreview.com\/"},{"@type":"ListItem","position":2,"name":"Central banks counter bigtechs\u2019 digital money push"}]},{"@type":"WebSite","@id":"https:\/\/newmoneyreview.com\/#website","url":"https:\/\/newmoneyreview.com\/","name":"New Money Review","description":"A periodical covering the accelerating changes in money","publisher":{"@id":"https:\/\/newmoneyreview.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/newmoneyreview.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-GB"},{"@type":"Organization","@id":"https:\/\/newmoneyreview.com\/#organization","name":"New Money Review","url":"https:\/\/newmoneyreview.com\/","logo":{"@type":"ImageObject","inLanguage":"en-GB","@id":"https:\/\/newmoneyreview.com\/#\/schema\/logo\/image\/","url":"https:\/\/newmoneyreview.com\/wp-content\/uploads\/2018\/01\/cropped-nmr_close-crop.jpg","contentUrl":"https:\/\/newmoneyreview.com\/wp-content\/uploads\/2018\/01\/cropped-nmr_close-crop.jpg","width":1418,"height":158,"caption":"New Money Review"},"image":{"@id":"https:\/\/newmoneyreview.com\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/x.com\/newmoneyreview"]},{"@type":"Person","@id":"https:\/\/newmoneyreview.com\/#\/schema\/person\/71bdc8f94d4973d4c5bd2a8fe5a83412","name":"Paul Amery","image":{"@type":"ImageObject","inLanguage":"en-GB","@id":"https:\/\/newmoneyreview.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/58b6269b43fc8c137f118222b601e5041bee2cc0e3291a23180bfb7d36499b18?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/58b6269b43fc8c137f118222b601e5041bee2cc0e3291a23180bfb7d36499b18?s=96&d=mm&r=g","caption":"Paul Amery"},"sameAs":["https:\/\/x.com\/@ameryp"],"url":"https:\/\/newmoneyreview.com\/index.php\/author\/paul-amery\/"}]}},"jetpack_featured_media_url":"https:\/\/newmoneyreview.com\/wp-content\/uploads\/2021\/06\/data.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/newmoneyreview.com\/index.php\/wp-json\/wp\/v2\/posts\/6474","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/newmoneyreview.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newmoneyreview.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newmoneyreview.com\/index.php\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/newmoneyreview.com\/index.php\/wp-json\/wp\/v2\/comments?post=6474"}],"version-history":[{"count":3,"href":"https:\/\/newmoneyreview.com\/index.php\/wp-json\/wp\/v2\/posts\/6474\/revisions"}],"predecessor-version":[{"id":6477,"href":"https:\/\/newmoneyreview.com\/index.php\/wp-json\/wp\/v2\/posts\/6474\/revisions\/6477"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newmoneyreview.com\/index.php\/wp-json\/wp\/v2\/media\/6472"}],"wp:attachment":[{"href":"https:\/\/newmoneyreview.com\/index.php\/wp-json\/wp\/v2\/media?parent=6474"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newmoneyreview.com\/index.php\/wp-json\/wp\/v2\/categories?post=6474"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newmoneyreview.com\/index.php\/wp-json\/wp\/v2\/tags?post=6474"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}