Category Archives: Uncategorized

xxx Do you think it is inevitable that the U.S. Treasury will make the leap to the digital coin of the dollar? ‘Currently, Congress is set up in a way that matches the economy of 200 years ago.’ I think we are going to be in trouble if we don’t. The one good thing aboutContinue reading “Why Libra Worries This Physicist-Turned-Congressman — The Information”

xxx The European Central Bank has welcomed an initiative by some of Europe’s top banks to explore the development of a rival payment system to challenge the dominance of Visa and Mastercard and the threat from Chinese and US Big Tech firms Backed by twenty French and German banks, the The Pan European Payment SystemContinue reading “ECB offers support to bank-backed alternative to Visa and Mastercar…”

xxx In a speech, Banque de France first deputy governor Denis Beau says that his organisation is “quite open for experiments” with the ECB on a wholesale CBDC. French central bank floats European CBDC: Why  Speaking about the inefficiencies that still bedevil cross-border payments, Beau says: “The tokenisation of financial assets combined with the recourseContinue reading “French central bank floats European CBDC”

xxx “I need to know you and that’s based on data. Why should data be regulated in a different way if you’re called a bank and if you’re called something else” From “Ana Botin of Santander on FinTech and Blockchain – Chris Skinner’s blog”. xxx

I was quoted in The Economist (“Plug and pay”, 21st November 2019) talking about the impending reshaping of the retail financial services sector. Although the quote isn’t quite accurate — I was responding to the statement that a a bank is a balance-sheet, a factory that turns capital into financial products (such as loans andContinue reading “Data not money”

xxx The dollar’s falling share of reserves represents an “official sector vote against US ‘exceptionalism’”, said Mr Ruskin. In his view, the data should give pause to US policymakers contemplating laws to tax foreign purchases of US assets, further sanctions based on the international use of the dollar and plans to restrict access to USContinue reading “Why central banks are edging away from the dollar | Financial Times”

​​​ITU Workshop on Standardizing Digital Fiat Currency (DFC) and its Applications New York City, USA, 18-19 July 2018 Case: The State of DFC Implementation in China People’s Bank of China (PBOC) has been a leader in thinking strategically about DFC deployments at a large scale with a mixture of heavy cash use and robust andContinue reading “Programme”

xxx Western regulators could ultimately ban the use of China’s digital currency, but that wouldn’t stop it from being used in large parts of Africa, Latin America, and Asia, which in turn could engender some underground demand even in the US and Europe. The High Stakes of the Coming Digital Currency War by Kenneth RogoffContinue reading “The High Stakes of the Coming Digital Currency War by Kenneth Rogoff – Project Syndicate”

xxx Powell said… a digital national currency may not offer advantages to the U.S. that it may do to other nations Fed Reserve Evaluating Digital Dollar But Benefits Still Unclear, Says Chairman – CoinDesk: xxx

xxx Sean McFate, a former US paratrooper and now adviser to the Pentagon, but not quite as Hollywood might want us to believe. “When people think about cyber they think about sabotage, but the true power of cyber is information; to shape people’s perception of reality and to craft a narrative,” he says. “That’s theContinue reading “Is Britain already in a cyber war?”