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IMF Tells Governments: Spend as Much as You Can and Then Spend More
17.1.2021
The head of the International Monetary Fund (IMF) has called on countries worldwide to spend as much as they can and then spend more. She admitted that this is a “very unusual” policy for the IMF but it is needed to revive economies. Many people are interpreting her statement as very...
IMF Says Only 23% of Central Banks Can Legally Issue Digital Currencies
17.1.2021
Researchers at the International Monetary Fund (IMF) have examined the central bank laws of 174 IMF members to answer the question of whether a digital currency is really money. They found that of all the central banks studied, only about 23%, or 40 central banks, “are legally allowed...
Crypto custody firm graduates Singapore Monetary Authority’s regulatory sandbox
11.1.2021
The Singapore-based Propine emerged from the MAS regulatory sandbox with a Capital Markets Services License, and authorization to begin offering digital asset services to institutions
The CFTC Asks Court to Issue Fines in Excess of $100M Against Mastermind of a Fraudulent Crypto Scheme
11.1.2021
The Commodity Futures Trading Commission (CFTC) has filed a motion with the New York Southern District Court that seeks heavy penalties against Michael Ackerman, the mastermind of a fraudulent cryptocurrency scheme. According to the motion, the U.S. agency wants the court to order Ackerman to...
The US Dollar’s Share of Global Reserve Currencies Drops as Japanese Yen’s Share Increases
5.1.2021
The U.S. dollar’s dominant position as the reserve currency of choice may be in peril, as its share of global currencies held in reserves continues to decline. International Monetary Fund (IMF) data shows, the dollar’s share of reserves dropped from 66% in Q3 of 2014 to just above...
After promoting Bitcoin merch discount, Mark Cuban praises BTC monetary policy
27.12.2020
The billionaire seems to have one foot in, one foot out when it comes to Bitcoin
Economists Speak of ‘Once-in-a-Millennium Change’ in Monetary History
25.12.2020
Leading economists are suggesting that the world is heading for a sea change in terms of the way people use money – and think that cash’s days are numbered as digital forms of currency edge toward mainstream adoption.
Per the Japan Times, Masashi Nakajima, a professor of Economics and Business...
Record $15 Billion Worth of Cryptos Under Management After Institutional Investors Pump $429 Million in One Week
8.12.2020
A new report says institutional investors pumped $429 million into cryptos and cryptocurrency funds in the week ending December 7. The figure, which is the second-highest on record, pushes to the total value of digital assets under management (AUM) to an all-time peak of $15 billion. The largest...
Niall Ferguson on Why Bitcoin and China Are Winning the Monetary Revolution
6.12.2020
The well-known economic historian connects the dots between bitcoin and CBDCs in the COVID-19 money era
Central Bank of Nigeria Governor Decries the Use of Parallel Exchange Rate as Citizens Switch to Crypto
4.12.2020
The governor of the Central Bank of Nigeria (CBN) Godwin Emefiele says the embrace of the parallel market exchange rate by some professionals in that country is unfair and unfortunate. The CBN governor says the parallel foreign exchange market only accounts for a share of the market that does...
Historian Niall Ferguson Says Bitcoin Is Winning the Covid-19 Monetary Revolution
2.12.2020
Historian and senior fellow with the Hoover Institution at Stanford University, Niall Ferguson says bitcoin is winning the Covid-19 monetary revolution. Hailing the virtual currency as a great place for the rich to store their wealth, Ferguson also notes that the bitcoin’s resilience...
ECB Chief Christine Lagarde Downplays Bitcoin’s Risks to Financial Stability, Troubled by Stablecoins
1.12.2020
ECB President Christine Lagarde downplays any risks bitcoin and other cryptocurrencies could pose to financial stability and monetary sovereignty. In contrast, she sees stablecoins, such as Facebook-backed libra, as posing “serious risks.” Christine Lagarde, Bitcoin,...
Bilateral Saudi, UAE Digital Currency Experiment Shows Benefits of Distributed Ledgers, Central Banks Say
29.11.2020
A joint Saudi and UAE CBDC pilot found that a distributed payment system offers “significant improvement over centralized payment systems.”
BoE policymaker says digital currencies could be part of ‘new monetary order’
19.11.2020
BoE policymaker Andy Haldane believes a widely-used digital currency could have a positive impact on financial stability
Join BlockShow, part of the FinTech Festival backed by Monetary Authority of Singapore
19.11.2020
BlockShow 2020 at Singapore FinTech Festival to reflect on achievements of blockchain and how the mainstream finance industry is starting to accept blockchain and digital currency tech
Can blockchain make a difference? Africa sees vast monetary potential
15.11.2020
As access to crypto spreads across Africa, blockchain could be crucial in improving cross-border payments and settlement systems
Dollar Decline and the Paralysis of Conventional Monetary Policy
15.11.2020
A reading of Kenneth Rogoff’s latest piece on the strange reality of the dollar’s global status
$18K Bitcoin price, eh? BTC market cap may pass Canada’s monetary base
10.11.2020
Bitcoin’s market cap is rapidly surpassing the monetary base of multiple national currencies and it looks like the Canadian dollar is next
Debate Rages on Whether a Digital Dollar Will Unleash Inflation
9.11.2020
Some speculate that if the Fed implements a digital dollar, soaring inflation will soon follow
Why Emerging Markets Are Wary of Modern Monetary Theory
8.11.2020
While MMT may be the de facto policy of rich Western governments, applying it to developing economies could be disastrous