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This ECB paper reviews the advantages and risks of CBDC issuance, and proposes two-tier renumeration to reduce the risk of structural disintermediation of banks and centralization of the credit allocation process within the central bank and (ii) risk of facilitation systemic runs on banks in crisis situations.
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We have three avenues for the future of digital money, none of which offers the same mix of freedom and ease of use that characterizes cash. How big a problem is this? That depends on where you live, how much you trust your government and your fellow citizens, and why you wish to use cash.
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The U.S. SEC filed a court order on January 2 to compel Telegram to release details of how the funds raised in its $1.7 billion Gram token sale, have been spent. The SEC claims that these records are highly relevant to its ongoing case against Telegram, alleging that the ICO constituted an unregistered securities sale.