The “accounting view” of money: money as equity (Part I)

Coins circulating as legal tender in national jurisdictions worldwide are treated as debt liabilities of the issuing states and reported as a component of public debt under national accounting statistics (ESA 2010). Similarly, banknotes issued by central banks and central bank reserves are accounted for as central bank debt to their holders. Although the law … Read more

Can psychometrics help bridge the gap?

Traditional credit scores are fairly accurate in predicting future loan performance, which is why lenders have tended to concentrate on clients with already a solid credit history, as screening them is less costly. However, interest in alternative ways to identify potential good borrowers that lack credit history is growing, particularly in countries where a non-trivial … Read more

LG, Government Mint to Launch South Korea’s ‘First Public Blockchain Platform’

LG CNS, the IT subsidiary of electronics giant LG, has been handpicked by South Korea’s minting corporation to establish a blockchain platform for the public sector to provide a number of services including issuing a community token to the masses. As reported by Business Korea, LG CNS won the order from the Korea Minting, Security … Read more

Japan Cracks Down on Illegal Use of Computers to Mine Crypto

The police in Japan are cracking down on the illegal use of personal computers for cryptocurrency mining. Multiple prefectural police departments are currently investigating one particular case and pursuing criminal charges, which would make it the first criminal case in Japan where computers are illegally used for mining cryptocurrencies. Also read: Yahoo! Japan Confirms Entrance Into … Read more

Crypto Exchange Buda Subject of Sudden Banking Embargo in Colombia

Major Latin American bitcoin exchange, Buda, recently suddenly become the subject of a banking embargo in Colombia, according to local reports. Buda similarly experienced the termination of its Chilean banking services in March of this year. Also Read: Six Major Banks in Chile Sued by Another Cryptocurrency Exchange Buda Suffers Termination of Banking Services in Colombia … Read more