" Issuers of digital dollars should not be able to opt-out of the global compliance framework and pay dramatically lower compliance costs just because they are “on a blockchain.”"! really good blog
> As a matter of principle, regulation should ensure fair competition between different forms of electronic money.
As a matter of principle, attempts to exclude criminals, terrorists and bad actors are being boycotted by market participants. That ultimately is what "censorship-resistant" means - the US can attempt to apply its laws in Argentina etc, but the users of the system aren't having it.
Mmmm, interesting, but I'm very skeptical. For one, the US governmen't woudn't want to run a CBDC on databases it cannot control or alter (Ethereum, Solana, Tron, etc). Public blockchains also have bad privacy, security and scaling. Plus there's no appetite for a CBDC at the moment. Don't see it happening.
" Issuers of digital dollars should not be able to opt-out of the global compliance framework and pay dramatically lower compliance costs just because they are “on a blockchain.”"! really good blog
> As a matter of principle, regulation should ensure fair competition between different forms of electronic money.
As a matter of principle, attempts to exclude criminals, terrorists and bad actors are being boycotted by market participants. That ultimately is what "censorship-resistant" means - the US can attempt to apply its laws in Argentina etc, but the users of the system aren't having it.
Mmmm, interesting, but I'm very skeptical. For one, the US governmen't woudn't want to run a CBDC on databases it cannot control or alter (Ethereum, Solana, Tron, etc). Public blockchains also have bad privacy, security and scaling. Plus there's no appetite for a CBDC at the moment. Don't see it happening.