The Bank of International Settlements gives three foundational principles for central banks considering whether to issue CBDC, that flow from their common mandates for monetary and financial stability. Do no harm CBDC should continue to fulfil public policy objectives and not interfere with or impede a central bank’s ability to carry out its mandate for …
6 core principles for Central Banks when considering a CBDC Read More »
A Central Bank Digital Currency is an innovative, digital form of national money issued by a central bank that individuals and businesses can use to trade and make payments. It is different from a reserve, a bank deposit, and physical cash. History of cash Historically, central banks have provided notes and coins to the public …
The concept of time is central to blockchain technology. Satoshi’s white paper devotes a whole chapter to explaining how each block of transactions is chronologically ordered and why that matters for provability. In this third article in our Bitcoin Building Blocks series, we look at Bitcoin’s block structure, the ‘newspaper’ analogy, and how businesses can benefit from compliance and auditing features inherent to the system’s design.
It is important to consider the impact of CBDCs on inflation given that 2021 and 2022 have seen rising inflation globally, at least partly due to Covid, a manufacturing and supply chain slowdown, and geopolitical factors. While individual central banks have their specific mandates, all of them have a role to play in targeting price …
A look at why Bitcoin is ideally suited for making micropayments without the need for a trusted party; useful for both businesses and people alike.