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A Digital Money Rush is Great A Run, Not So Much

A In Hong Kong, money has been privately issued since 1846. The bill in my wallet is a promise from HSBC Holdings Plc’s local banking unit to pay the value written on it. In accepting it, I gave no thought to the creditworthiness of the lender. Whoever it’s passed on to will also take the banknote at face value, and won’t ask for Hong Kong dollars printed by Standard Chartered Plc instead. Not requiring due diligence on cash sounds commonsensical, but it’s actually a highly valuable property of money everywhere. Indeed NQA, or “No Questions Asked,” is so important that Yale School of Management finance professor Gary Gorton and Federal Reserve attorney Jeffery Zhang have made it the centerpiece of their new paper, titled “Taming Wildcat Stablecoins.”

United statesHong kongGary gortonAbraham lincolnJanet yellenJeffery zhangStandard chartered plcFacebook incHoldings plcFederal reserveYale school of managementIfinex incDiem associationVisa incQuestions askedYale school

cryptocurrencies: A digital money rush is great A run, not so much

In Hong Kong, money has been privately issued since 1846. The bill in my wallet is a promise from HSBC Holdings Plc’s local banking unit to pay the value written on it. In accepting it, I gave no thought to the creditworthiness of the lender. Whoever it’s passed on to will also take the banknote at face value, and won’t ask for Hong Kong dollars printed by Standard Chartered Plc instead. Not requiring due diligence on cash sounds commonsensical, but it’s actually a highly valuable property of money everywhere. Indeed NQA, or “No Questions Asked,” is so important that Yale School of Management finance professor Gary Gorton and Federal Reserve attorney Jeffery Zhang have made it the centerpiece of their new paper, titled “Taming Wildcat Stablecoins.”

United statesHong kongGary gortonAbraham lincolnJanet yellenJeffery zhangStandard chartered plcFacebook incHoldings plcFederal reserveYale school of managementIfinex incDiem associationVisa incQuestions askedYale school

cryptocurrencies: View: A digital money rush is great A run, not so much

In Hong Kong, money has been privately issued since 1846. The bill in my wallet is a promise from HSBC Holdings Plc’s local banking unit to pay the value written on it. In accepting it, I gave no thought to the creditworthiness of the lender. Whoever it’s passed on to will also take the banknote at face value, and won’t ask for Hong Kong dollars printed by Standard Chartered Plc instead. Not requiring due diligence on cash sounds commonsensical, but it’s actually a highly valuable property of money everywhere. Indeed NQA, or “No Questions Asked,” is so important that Yale School of Management finance professor Gary Gorton and Federal Reserve attorney Jeffery Zhang have made it the centerpiece of their new paper, titled “Taming Wildcat Stablecoins.”

United statesHong kongGary gortonAbraham lincolnJanet yellenJeffery zhangStandard chartered plcFacebook incHoldings plcFederal reserveYale school of managementIfinex incDiem associationVisa incQuestions askedYale school

Bitcoin Dips Below $30,000, Yellen Hints at Stablecoin Regulations

Bitcoin Dips Below $30,000, Yellen Hints at Stablecoin Regulations
fool.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from fool.com Daily Mail and Mail on Sunday newspapers.

United statesGary gortonJanet yellenAnnabelle huangJeffery zhangAmber groupSecretary janet yellenOut loudBitcoin to failஒன்றுபட்டது மாநிலங்களில்கேரி கார்‌டந்அன்னபேள்ளே ஹுவாங்ஜெஃப்பரி ஜாங்அம்பர் குழுஔட் உரத்த

Kelly Evans: Uh-Oh, It s Gary Gorton

Kelly Evans: Uh-Oh, It s Gary Gorton
nbcphiladelphia.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from nbcphiladelphia.com Daily Mail and Mail on Sunday newspapers.

New jerseyUnited statesGary gortonBitcoin miamiJeffery zhangWall street journalDodd frank lawWildcat stablecoinsCaitlin longபுதியது ஜெர்சிஒன்றுபட்டது மாநிலங்களில்கேரி கார்‌டந்ஜெஃப்பரி ஜாங்சுவர் தெரு இதழ்டாட் வெளிப்படையான சட்டம்கெய்ட்லின் நீண்டது