Since Fintech companies can be very complex, their oversight requires understanding their business model and combining regulation and supervision based on both entities and activities.
Read more...With its smackdown of Ant and its billionaire founder Jack Ma, China has made clear that financiers do not call the shots.
Read more...The IRS is officially in “No more Mr. Nice Guy” mode with respect to cryptocurrency enforcement.
Read more...A short primer on banks from a Modern Monetary Theory perspective.
Read more...Debunking some major misperceptions about potential roles for Bitcoin and blockchain.
Read more...Why the dollar is not losing its privileged status any time soon.
Read more...Sobering data from the first random statewide Covid-19 survey.
Read more...Deutsche Bank revealed again as being overly accommodating to clients who play fast and loose….this one Jeffrey Epstein.
Read more...Quelle suprise! E-money is facilitating financial fraud. And the UK’s FCA is unduly accommodating.
Read more...An explanation of the mechanics of Federal spending, with emphasis on the role of the Fed and Treasury.
Read more...Quelle surprise! Pentagon grifting continues apace, even in the face of a full-bore domestic crisis.
Read more...The Governor of the Bank of England had a major “put foot in mouth and chew” episode.
Read more...It would be nice if relaxing the lockdowns would solve a problem, any problem….
Read more...Economist Michael Hudson explains how American imperialism has created a global free lunch, where the US makes foreign countries pay for its wars, and even their own occupation.
Read more...It may be simpler to enact a payments holiday than to try to get money to the hands of individuals who desperately need it.
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