bitcoms on Nostr: Writing in the Financial Times (paywall), the Bank of England says stablecoins & ...

Writing in the Financial Times (paywall), the Bank of England says stablecoins & CBDCs will make payments efficient and global.

Innovate, tokenisation, efficiency, global: lame reasoning obfuscated by jargon.

The real reasons (not mentioned):
- stablecoins can hugely increase sovereign debt markets
-CBDCs can greatly increase surveillance & control