The International Hierarchy of Money in Cross-Border Payment Systems: Developing Countries’ Regulation for Central Bank Digital Currencies and Facebook’s Stablecoin

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Nov 17, 2021
#Finance

Andrés Arauz

@ecuarauz

(Author)

Read on www.tandfonline.com

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The International Hierarchy of Money in Cross-Border Payment Systems: Developing Countries’ Regulation for Central Bank Digital Currencies and Facebook’s Stablecoin

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Evgeny Morozov @evgenymorozov · Dec 10, 2021

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This excellent new paper by @ecuarauz reveals a side to crypto you don't hear about: the global financial system is becoming more US-centric, US banks even more powerful. What happened to the blockchain undermining state power & traditional finance?