Should the Federal Reserve Create a Digital Currency?

2022-02-09T21:01:01+00:00Cryptocurrency, Governments, Payments|

In January 2022, the U.S. Federal Reserve released a long-awaited discussion paper on its thinking about a central bank digital currency, or CBDC.  The paper builds on prior work by the Bank of International Settlements (BIS). At the end, it provided a list of questions for public comment. I thought it might be helpful to [...]

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Cryptocurrency in China’s Economic Strategy

2021-01-11T20:47:55+00:00Cryptocurrency, Governments, International, Payments|

Recently, China piloted a new state-owned cryptocurrency, the digital yuan.  In this article, I will show how this fits into China's larger economic strategy, and why it is a harbinger of problems for the West and the mainstream payment networks. On November 24, 2020, the New York Times published an article, “China Says It Remains [...]

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