CBDCs and the opportunities for the monetary system

Central bank digital currencies (CBDCs) offer in digital form the unique advantages of central bank money: settlement finality, liquidity and integrity. CBDCs are an advanced representation of money for the digital age and the digital economy.

Digital money should be designed with the public interest in mind. Like the latest generation of instant retail payment systems, retail CBDCs could ensure open payment platforms and a competitive level playing field that is conducive to innovation.

The BIS, in its Annual Report, to be published later today, has a full chapter on central bank digital currencies. Read the full chapter HERE.

 

Key Steps on the Road to Digital Modernization in Corporate Banking

In this episode of Truth in Data, PaymentsJournal highlights key steps on the road to digital modernization in corporate banking.

Crypto: will the bitcoin dream succeed?

Bitcoin and other cryptocurrencies set out to upend the financial order and replace conventional money. Bitcoin has certainly disrupted the global financial system, but can it ever live up to the hype?

“TOP READS OF THE WEEK” (for week ending 25 June)

This week's top reads in banking, fintech, payments, cybersecurity, AI, IoT, risk management and much more

In this weeks selection;

Top Reads

• Attacks against container supply chains grow more sophisticated
• Legacy medical devices, growing hacker threats create perfect storm of cybersecurity risks
• BIS report shows growing divide on crypto
• Gensler says alternative to LIBOR poses risk of manipulation
• HSBC to sell French retail banking operations to Cerberus-backed entity
• PayPal to increase merchant fees in August
• Buy now-pay later drawbacks emerge for consumers, study says
• Morgan Stanley to bar unvaccinated staff from NY offices starting July 12
• VPN exploitation rose in 2020, organizations slow to patch critical flaws
• Mastercard faces pushback over ex-CEO's $27.7M pay package
• Visa pilots US merchant phone-tap system

From our Blog

• Elon Musk: CO2 saint or sinner? - FT Film
• Regulators Probe Market Amid Rising Meme Stocks
• Bitcoin Price Falters on China Crackdown
• Did covid-19 leak from a Chinese lab? - The Economist

Regulators Probe Market Amid Rising Meme Stocks

Market swings and the surging prices of meme stocks have caught the attention of the U.S. Securities and Exchange Commission (SEC), Bloomberg reported on Monday (April 7). The SEC is doing a deep dive into the markets for evidence of manipulation and other improper behavior in light of escalating meme stocks like AMC and GameStop.

Bitcoin Price Falters on China Crackdown

Bitcoin's price is continuing to take a hit as China's crackdown on the premier cryptocurrency moves forward. Meanwhile, foreign investment in the United States has heated up amid the nation's economic recovery. Plus, Italy has emerged as the new stage in the battle over gig workers' rights as the nation calls for tougher rules ahead of a G20 summit.

Did covid-19 leak from a Chinese lab? - The Economist

 

For most of 2020 the theory that covid-19 leaked from a Chinese lab was dismissed as unlikely. However, in the past few months it has gained currency. The Economist experts explain why. 

You can also read more here: https://econ.st/3gzOVnV