Chinese traction in the small but hypersensitive banknote market indicates that it is succeeding in earning global credibility. But most sizable nations continue to rely on their own state print works.
Regulation means both Gemini and Paxos must comply with NYDFS anti-money-laundering (AML) rules as well as efforts to counter the financing of terrorists (CFT).
Historically, fractional-reserve banks have always won out against their full-reserve cousins. But times have changed.
Financial privacy does not get much attention from central bankers. But questions about privacy are becoming increasingly important.
A new proposal would have the Federal Reserve provide interest-paying no-fee deposit accounts to the public.
Whether Iran deserves to be re-embargoed is a complicated matter. But we know for sure that such embargoes put the dollar’s dominant role in the global payments system at risk.
As far as monetary reforms go, the $1 coin’s removal may not be very flashy. But it seems like a no-brainer.
Facing competition from blockchain-based tokens, SWIFT has made significant upgrades we all benefit from.
Bitcoin and fiat money are not cousins. They are on entirely different branches of the family tree.