Bitcoin, blockchain, and the abilities of the distributed ledger were first introduced to the market 13 years ago through the Bitcoin Whitepaper. The simplicity of Bitcoin’s concept and brevity of the founding document are not commensurate with the complexity of the ecosystem, magnitude of innovation, and scale of risk and opportunity. The fast pace of crypto adoption portends more change to come.
On November 16, S&P Global's Chief Economist, Paul Gruenwald held a live panel discussion with Tommaso Mancini from the IMF Capital Markets Group and S&P Global Ratings analysts Mohamed Damak and Harry Hu where they provided their insights on the fast-moving landscape of Central Bank Digital Currencies and the related implications for monetary policy, financial stability and capital markets.
This digital ecosystem includes new technologies, new organizations--which provide new services, new products, new forms of risk and performance analytics, new job functions-- and ultimately a new set of terms and language that are integral to it.