The People’s Bank of China (PBOC) is stepping up its research on a “sovereign digital currency” as it joins other central banks and financial institutions in exploring future forms of money.For central control of an economy, nothing beats having an open ledger that allows the government to see every transaction.
...According to a 2017 hiring plan published by the PBOC, the central bank’s scientific research institute is recruiting six researchers to study the technological architecture of digital currencies.
Maundy, Maundy
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FEEDAllow me to present a very plain contrast. Please observe the weekly
chart of the SPY below, from not so long ago. Notice how a bunch of the
bars are g...
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