The Bank for International Settlements’ Annual Economic Report 2023 dedicates a significant portion to a ‘Blueprint for the future monetary system’, covering tokenization, CBDCs, smart contracts, and a proposed unified ledger.

Zimbabwe is doubling its bet on the gold-based monetary system by adding more gold coins in circulation and planning digital coins backed by gold.

In this year-end post we want to pay tribute to the single most important trigger in #moneytech development of the last decade - Bitcoin.

FED is trying to stifle high inflation by rising interest rate and - surprisingly - by provoking unemployment as fears of recession escalate. The crisis could expand around the globe and lead to a contraction in the world’s economy.

SWIFT completes another phase of its CBDC trials. The focus is on cross-border settlements between different CBDCs. The conclusion so far is that their existing systems can handle it.

U.S. Senator Elizabeth Warren accused Zelle payment app in facilitating fraud. The report cites data collected from Bank of America, PNC Bank, U.S. Bank, and Truist while it also mentions that JPMorgan Chase, Wells Fargo, and Capital One failed to provide complete information for the review

BIS devoted one third of its 2022 Annual Economic Report for the discussion of the Future Monetary System. In their vision, Central Banks will have the core role, adopting innovations of DLT, leading and supervising the ecosystem of banks, PSP and other participants.

Yasushi Fujii, is the founder of multiple successful gaming and entertainment companies, also serving as Chief Digitalization Officer at several local governments in Japan. He shares his perspective on the future of money: visualization of money flows opens new perspectives for economists.