President Biden signed an executive order on Wednesday calling on the government to examine the risks and benefits of cryptocurrencies including the potential for a U.S. central bank digital currency (CBDC). The measures focus on six key areas: consumer protection, financial stability, illicit activity, U.S. competitiveness, financial inclusion, and responsible innovation. Continue Reading →
CBDC
Posts I've written about CBDC. Subscribe to my newsletter to make sure you don't miss anything.
Bank of America crypto strategists Andrew Moss and Alkesh Shah wrote in a note that central bank digital currencies (CBDCs) “are an inevitable evolution of today’s electronic currencies,” according to a Bloomberg report. Continue Reading →
I love the characterization of cryptocurrency as "programmable money." While it is technically incorrect, it communicates the entirety of the idea behind decentralized finance (DeFi) in a really nice way. Continue Reading →