Digital Currencies, Blockchain and the Future of Money

“Blockchain”, “cryptocurrencies”, “tokenisation”, and now “central bank digital currencies” have made it into the technology hype cycle vocabulary, but what’s the difference between all these terms and what do they mean for the future of money? Why are regulators around the world so concerned about Libra, and why is China accelerating their blockchain initiatives and so eager to launch a digital renminbi? Below, we’ll differentiate the terminologies relating to digital currencies and set out the global ambitions by governments and regulators, which may enable full transparency (as well as subject individuals to privacy risks) of transaction level over the coming…...