Digital Finance Analytics (DFA) Blog
"Intelligent Insight"
The latest edition of our finance and property news digest with a distinctively Australian flavour.
Go to the Walk The World Universe at https://walktheworld.com.au/
The latest edition of our finance and property news digest with a distinctively Australian flavour.
Go to the Walk The World Universe at https://walktheworld.com.au/
A late breaking news story from the UK, as the Bank of England progresses its investigations into CBDC.
The Bank of England and HM Treasury have today announced the joint creation of a Central Bank Digital Currency (CBDC) Taskforce to coordinate the exploration of a potential UK CBDC. A CBDC would be a new form of digital money issued by the Bank of England and for use by households and businesses. It would exist alongside cash and bank deposits, rather than replacing them.
Go to the Walk The World Universe at https://walktheworld.com.au/
Today I want to consider the social impact of going digital, and the problems associated with financial stability in a disaggregated digital payments world.
More evidence I think that banning cash is clueless.
https://www.bis.org/publ/bppdf/bispap107.pdf
https://www.bis.org/review/r200123c.pdf
https://www.theguardian.com/us-news/2020/jan/24/new-york-city-ban-cashless-businesses-discrimination
https://www.rba.gov.au/publications/annual-reports/psb/2019/trends-in-payments-clearing-and-settlement-systems.html
