The Norwegians are getting in on the pretend-crypto (aka Central Bank Digital Currency or CBDCs) act. CBDCs are not – repat, not – genuine cryptocurrencies. Cryptos have a decentralised algorithm at the heart of their money system – the maths is on charge, not a central ledger run by a central bank. CBDCs sound like […]
The capital-management crisis behind the war in Ukraine is largely unseen and unfollowed. Prevailing analysis starts with the idea that buying gas from Russia is a bad idea as the cash is used to fuel Putin’s war machine. The thinking pretty much stops there too. There’s little doubt that control of capital is a key […]
The relentless march of digital currencies continues. We run an extended excerpt from our friends at Crowdfundinsider on the proposed launch of a pan-European central bank digital currency. As pointed out several times on this News site, and in our blogs, a CBDC is a digital token, not a cryptocurrency. That has ramifications for oversight, […]
Regular visitors to this News site and its related blogs will know we take a keen interest in cryptocurrencies and their digital currencies (which are not cryptocurrencies) Central Bank Digital Currencies (CBDCs). Here’s a recent blog on what we think CBDCs are a coming thing, like them or not. So we were interested in what […]
The recent report from the Economic Affairs Committee of the House of Lords is a classic case of heads in the sand – or wherever the sun doesn’t shine. The members of the committee are on the whole clever people with strong backgrounds in finance and its academic study. They seem to be committed to […]
Today, we bring a counter-cultural snippet. Central banks are set to roll out their own digital currencies soon (not the same as cryptocurrencies, which are driven by an independent algorithm). A recent blog explains the situation. Central banks and their governments are understandably desperate to establish their own digital currency as the dominant world brand. […]
Martin Baker, Money&Co.’s director of communications, continues his journey through the fast-changing and intensely competitive world of digital currencies Private v Public Digital Money One of the reasons the central banks are so keen to popularise CBDCs is the fear that investment and digital banks will privatise the money supply. The private sector is scrambling […]
Martin Baker, award-winning journalist and head of communications at Money&Co., opines on central banks, their competition for CBDC dominance and their dislike of cryptos Regulators Dislike Cryptos Regulators by definition cannot control tokens outside their banking system, so their antipathy is natural enough. This can spill over into wishful thinking. The Bank for International Settlements’ […]
Martin Baker, award-winning journalist and head of communications at Money&Co., continues his take on central bank digital currencies (CBDCs). According to trade commentator NonFungible, trading in NFTs jumped by 300% in 2020 topping $250 million. In 2019, the same report said that the NFT market was a mere $62.8 million having dropped by 68% […]
Here’s a first take on the fast-growing central bank digital currency market, as the mainstream tries to compete with and subsume cryptocurrencies within the established system. Baroness Susan Kramer, former LibDem Treasury spokesperson, notes the growth of CBDCs and argues that “there’s a gathering momentum behind fiat digital currencies. China is among the leading countries […]