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CBDC running smart contracts on Ethereum! That idea has now been proposed semi-officially in China, by Yao Qian, former head of the digital currency initiative at China’s central bank (see link below). The proposal is important both by showing how central bank thinking is advancing rapidly to embrace the idea of CBDC and cryptocurrencies operatingContinue reading “China Embraces Ethereum”
When HRH Queen Elizabeth famously said during the height of the financial crisis in 2008 “If these things were so large, how come everyone missed them?”, an honest reply would have been “because banks have been around for so long that we see them as the inviolable heart of the financial system — even thoughContinue reading “We’ve got Ethereum. Why do we need banks?”
The Harmonic Triangle of Cryptocurrencies, Central Bank Digital Currencies (CBDCs), and Stablecoins is slowly starting to emerge as the digital future. CBDC, Cryptos and Stablecoins are complements, not rivals Far from being rivals, these three have the potential to be highly complementary. Look at what each of the three does best: – CBDC: The universalContinue reading “The Harmonic Triangle: CBDC, Cryptos, Stablecoins”
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