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2024-07-30 07:11:55

bitcoms on Nostr: Writing in the Financial Times (paywall), the Bank of England says stablecoins & ...

Writing in the Financial Times (paywall), the Bank of England says stablecoins & CBDCs will make payments efficient and global.

Innovate, tokenisation, efficiency, global: lame reasoning obfuscated by jargon.

The real reasons (not mentioned):
- stablecoins can hugely increase sovereign debt markets
-CBDCs can greatly increase surveillance & control
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npub18s6axkw94d57sg438rp7pzf94vn8la4axyvd5f6wnjrgudtw54ps53eqxk