Bank of England’s Stablecoin Ruling Targets Financial Stability, Exec Says
Financial stability was a key factor in the Bank of England's decision to hold stablecoin payment systems to the same regulatory standards as existing payment chains.
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The new version will essentially also clear the way for the digital yuan to be the one and only official yuan-pegged token in mainland China.
The Director of the Cato Institute's Center for Monetary and Financial Alternatives gives an eye-opening, 200-year history of today’s most powerful economic institution.
Central banks remained adamant private stablecoins do not factor into their CBDC calculus.
Central Banks Are Privacy Providers of Last Resort
Jul 30, 2020
If central banks issue digital currencies, they'll be thrown into a debate about financial privacy in the modern era. Is that what they want?
Massive and novel government intervention in markets is now a foregone conclusion, but what happens to bitcoin as the dust settles?
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