ECB Official Says Digital Currency Could Be an Alternative to Cash
A digital currency could ensure that citizens remain able to use central bank money even if cash is eventually no longer used, according to Benoît Cœuré.
Facebook could leverage its social media platform to block out competitors, according to Christine Lagarde.
Europe's central bankers have developed an "anonymity voucher" to give prospective CBDC users limited privacy in their retail transactions.
Lagarde said the ECB will continue researching CBDCs and will not stand in the way of any private initiatives.
Discussing the ECB's recent stablecoin comments, the resurfacing of some prominent 2017 token projects and a debate: Is crypto for criminals?
On another down day, we're talking U.S. warnings on digital assets, a brief history of troubled but systemically important stablecoin "Tether", and a look at the arms-race in blockchain mining technology.