" 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
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.
> 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.
" 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
sizable ramp up in stablecoin volume ➡️ govt. acquisition of Circle as de facto CBDC
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.
> 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.