Government-issued digital money moves closer to reality

In January, this newsletter took a look at emerging ideas for state-backed digital money — speculating that a new breed of e-money was poised to take the center of the global stage.

As we cross the mid-year threshold, a slew of developments from the U.S., Europe and the rest of the world show that the future of state-backed money is starting to crystallize.

By and large — despite the many obstacles to these technically demanding and politically sensitive overhauls — the world’s monetary authorities are demonstrating that they remain determined to move them forward.

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