It’s time to abandon the “Token vs. Account” discussion
by Ezechiel Copic on Mar 9, 2022 10:15:00 AM
Perusing any whitepaper or report on central bank digital currencies (CBDCs), the reader is almost certain to find a section devoted to the distinction between “token-based” and “account-based” CBDC, where ownership of the former is demonstrated by having knowledge of a private key (o …
Project Hamilton by the Boston Fed: A Summary
by Dr. Franklin Noll on Mar 3, 2022 10:00:00 AM
Introduction Project Hamilton is a joint venture between the Federal Reserve Bank of Boston and the Massachusetts Institute of Technology’s Digital Currency Initiative. It is a multi-year research project aimed at gaining a hands-on understanding of CBDC design. Hamilton is in phase o …
CBDC and the security–financial inclusion dilemma
by David Tercero-Lucas on Mar 1, 2022 10:00:00 AM
In an article entitled “the Restructuring of the UK Financial Services in the 1990s” and published in 1993, two geographers – Leyshon, A. and Thrift, N., coined for the first time in history the term “financial exclusion”. They were worried about the effects of bank branch closures in …