Category: Uncategorized
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Conflict of interests: savers are missing out on rate rises, could CBDCs help?
The Financial Conduct Authority put UK banks on notice last week to pass on interest rate rises to their savers, or else be ready to suffer the consequences: Firms offering the lowest savings rates will be required to justify by the end of August how those rates offer fair value, according to the Consumer Duty*…
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Consider Not Feeding Your Eyeballs To The Orb
Image: Bing Image Creator Interesting news yesterday as Worldcoin, the cryptocurrency company co-founded by Sam Altman of OpenAI fame, officially launched their services. They include a new cryptocurrency (the eponymous Worldcoin), an identity service, and an app that allows users to buy and sell cryptocurrencies. Followers of the crypto space might have thought founders called…
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CBDCs: a powerful new tool for autocrats?
In 2011 I was lucky enough to travel to Beijing as a guest of the Foreign Language Teaching and Research Press. From the moment I set foot in the Foster and Partners designed international airport it was impossible not to be impressed with the scale of the place, a feeling that was only emphasised as…
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Would you trust Liz Truss more than the BOE to manage our money?
a competition between a Thatcher cosplay enthusiast who believes workers need to ‘graft more’ and a near billionaire building a swimming pool in his manor house’s garden whose sense of noblesse oblige extends to a policy of deliberately removing funding from ‘deprived urban areas’
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How might CBDCs impact cross-border payments?
“What’s a scam that’s become so normalised that we don’t even realise it’s a scam anymore?”. So starts a viral TikTok that goes on to highlight the ever increasing costs of student debt. Other users have taken the prompt to stitch their own videos and provide their examples of what they think are scams. Hospital…
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Why are central banks considering introducing CBDCs?
IN 2010, a commenter on the blog of rationalist community Less Wrong going by the name of Roko sat down at his keyboard and got ready to inject a cognitive virus into the minds of his readers. For years Less Wrong had been a place for intelligent geeks and oddballs interested in the future of…
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What is money anyway?
This post is the first in a series called ‘central bank digital currencies 101: what are they and why should I care?’. This first post explores the different kinds of money in the economy today Let’s start this week with a personal question: how much money do you have? It might sound like a simple…