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The pumping of trillions of dollars of fresh liquidity into the financial system recalled the central bank’s unprecedented efforts during the last crisis.
The outgoing governor of the Bank of England highlighted the potential risks to monetary governance if a central bank digital currency were to be launched in the U.K.
The Reserve Bank of India reportedly plans to return to the supreme court to ask for a review of a ruling that overturned its ban on banking access for crypto firms.
Nothing is more centralizing than a state’s control over decentralized technologies like blockchain and cryptocurrency, says law professor and blockchain adviser James Cooper.
Jerome Powell has said his institution is looking into the possibility of developing a digital currency, but the option throws up many policy questions and unclear benefits.