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Mark Carney criticizes reliance on US dollar, suggests possibility of multilateral digital asset

CHRIS BRUMMER

Professor of Law : Georgetown University, and Director, Institute of International Economic Law

Mark Carney criticizes reliance on US dollar, suggests possibility of multilateral digital asset

Mark Carney stands pensively in dark suit while listening to woman speak at economic symposium
Image provided by Bloomberg.com

The Bank of England’s governor, Mark Carney, the Bank of England governor, has said that the world’s reliance on the US dollar “won’t hold” and needs to be replaced by a new international monetary and financial system based on many more global currencies.   Part of the solution could come from a multilateral digital currency.  The Financial Times story is here.

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Chris Brummer Discusses Congressional Responses to Facebook’s Global Cryptocurrency

CHRIS BRUMMER

Professor of Law : Georgetown University, and Director, Institute of International Economic Law

Chris Brummer Discusses Congressional Responses to Facebook's Global Cryptocurrency

Dr. Chris Brummer speaks about Facebook's new digital currency on Washington Journal C-Span segment
Image taken from C-SPAN Interview

Minilateralism’s author Chris Brummer appeared on  Washington Journal, C-span’s morning call in show, to discuss Facebook’s Libra cryptocurrency and the state of crypto regulation in Congress.  It follows from his testimony before the House of Representatives, entitled ‘99 Problems.’

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