How should one regulate Libra 2.0 and the token economy? Raphael Auer from the Bank for International Settlement explains: https://voxeu.org/article/how-regulate-libra-20-and-token-economy And: a good book on the “Financial Services Revolution: How Blockchain is Transforming Money, Markets, and Banking” edited by Alex Tapscott (I have not yet finished the book).
Libra published a revised whitepaper. In particular, single-currency stablecoins are included in order to comply better with the requirements of regulators and central banks: https://libra.org/en-US/white-paper/#cover-letter Also, Huw van Steenis on the new digital payments race: https://www.project-syndicate.org/onpoint/central-banks-digital-payments-by-huw-van-steenis-2020-04
It appears that Facebook’ Libra project is downgraded and more aligned with the requirements of regulators all over the world. According to the Financial Times: “the association outlined plans to offer a set of digital versions of single currencies, such as a Libra dollar or a Libra euro, that would be fully backed one to oneContinue reading “The Future of Money: Libra’s scope seems to be downgraded – what I have been reading this week”
The Bank for International Settlement published an interesting policy brief on “Covid-19, cash, and the future of payments”. From their takeaways: “• The Covid-19 pandemic has fanned public concerns that the coronavirus could be transmitted by cash. • Scientific evidence suggests that the probability of transmission via banknotes is low when compared with other frequently-touchedContinue reading “The Future of Money – what I have been reading this week”