Marcelo M. Prates

Marcelo  Prates

Marcelo M. Prates, a CoinDesk columnist, is a central bank lawyer and researcher.

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Monetary Weapons: 4 Lessons from Canada and Russia
The traditional financial system is a tool that can be used both against fellow citizens and despicable enemies.
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Inside the DeFi Vending Machine
Finance is on the point of mass-market automation.
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You Can’t Use a Trillion-Dollar Coin
It isn’t just a cute but faulty idea. It’s worthless.
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Randal Quarles, vice chairman for supervision of the Federal Reserve Board.
Stablecoins Risk a Rerun of Financial Crises Past
We shouldn't ignore the risks that stablecoins potentially pose to the financial system, says our columnist.
Randal Quarles, vice chairman for supervision of the Federal Reserve Board.
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Moving on From Good-Bad Crypto Dialogue
Central banks should welcome competition from crypto and the crypto industry should be less defensive, says our columnist.
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The Bank of England
No Reason to Fear Central Bank Digital Currencies
Fears that CBDCs could cause financial instability and increase surveillance are misplaced, says our columnist.
The Bank of England
President Trump Threatens To Close The Southern Border With Mexico Over Immigration
The Real Trouble With Cross-Border Payments
Blame governments, not technology, for costly and inefficient international payments. But private cryptocurrencies could help.
President Trump Threatens To Close The Southern Border With Mexico Over Immigration
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Into the Money-verse: Central Banks Under Siege in 2028
It's 2028. Once-dominant sovereign currencies face intense competition. Meanwhile, someone is attacking the Fed's e-Gov platform.
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The Future of Money in the Multiverse
It's 2028 and central banks, Big Tech companies and the "deplatformed" are establishing their own worlds of digital money.
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Central Banks Had to Up Their Money Game This Year – And They Did
Faced by the rise of stablecoins and other blockchain experiments, central banks had to rethink their roles in the world this year.
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