Bitcoin
Book notes: Number go up: inside crypto’s wild rise and staggering fall, by Zeke Faux
The book would be a great, comic obituary of crypto, if only crypto were dead
El Salvador’s central bank licenses Binance
Move comes despite growing international regulatory concern over crypto exchange firm
Decentralised finance is here to stay
Whatever happens to cryptocurrencies, tokenisation is the future
Federal Reserve denies FedNow is a CBDC
Online sources post disinformation on payment system as anti-CBDC sentiment grows
IMF officials: do not make crypto legal tender
Fund leaders call for cautious approach to digital assets at February meeting
Carstens sets out vision for future monetary system
Programmable money on shared ledger would preserve two-tiered structure
Bitcoin price does not respond to market signals – paper
Researchers find cryptocurrency value “orthogonal” to most economic indicators
BIS publishes database on bitcoin adopters
Evidence suggests speculation is key motive for holding bitcoin
Ukraine: the challenges for central banks
Rules on the weaponisation of money would help to protect a ‘public good’ amid geopolitical splits in a testing environment for central banks, write Gavin Bingham, Paul Fisher and Andrew Large
Rate rises reveal defi weaknesses – Powell
Regulating algorithms highlighted as key crypto challenge at Banque de France conference
NY court orders world’s largest stablecoin issuer to prove reserves
Defendants accused of crypto market price manipulation
Banknotes: July to September 2022
A round-up of news and salient issues that have affected central bankers during the past three months
UN warns against rapid adoption of crypto in developing nations
Tax evasion depletes resources for development, report finds
El Salvador congress approves use of SDRs for early debt repayment
Talks with IMF stalled as country tackles $24 billion debt load
MAS to consult public on regulating stablecoins
Chairman says central bank will consider reserve requirements for stablecoin issuers
Central African Republic launches crypto asset
Regional central bank reaffirmed ban on cryptocurrency after CAR made bitcoin legal tender
Swift gears up for innovation around digital currencies
Head of innovation at global payments messaging provider speaks CBDC, tokenised assets and AI
Basel Committee proposes capital add-ons for crypto exposures
Committee tightens proposed rules in several areas following high-profile crypto failures
(Un)stablecoins and central banks
Time to tackle stablecoin structures and support mechanisms
Panama’s president vetoes parts of crypto law
Bankers’ association also opposes law, which president says lacks AML protections
Book notes: The future of money, by Eswar S Prasad
Prasad’s book is the best on the topic so far