Category Archives: Payment system

India Is Mulling Rupee-Ruble Payments System for Trade with Russia

India is mulling setting up rupee-ruble payment arrangements, to allow it to trade with Russia in spite of the sanctions regime.

Russia’s Economic War Front, The New Tributary System & The Russian Kowtow

A look at economic sanction options for Russia.

Fog of Financial Sanctions: Visa and Mastercard Shutdown in Russia Whacks Consumers

Russia is scrambling to deal with being shut off Visa and Mastercard.

America Defeats Germany for the Third Time in a Century: The MIC, BARE and OGAM Conquer NATO

Why America is operating abroad to advance the interests of arms dealers, oil & gas, and Big Finance, and not its citizens.

A Very Preliminary Look at the Partial Suspension of Russia’s Access to SWIFT

News on the partial SWIFT cutoff for Russia was fuzzy. Despite being included, its central bank intervened in FX markets this AM. What gives?

Trudeau’s Money Heist: Emergencies Act Allows Seizure of Bank Accounts, Securities, Crypto of Those Suspected of “Links” to Convoy Members w/o Court Order

Why the implementation of Canada’s Emergencies Act is a terrible precedent.

Michael Hudson: America’s Real Adversaries Are Its European and Other Allies

America has gone off the deep end re Ukraine. It’s pressuring allies to engage in economic self-harm, which is not a relationship-builder

The Bitcoin Challenge: How to Tame a Digital Predator

Public authorities should refrain from taking measures supporting additional investment flows into Bitcoin and should treat it as rigorously as the conventional financial industry to combat illicit payments, money laundering, and terrorist financing

Satyajit Das: Fintech’s ‘Flim-Flam’ Innovation Games

Not surprisingly, fintech looks like a variety of old scams in new bottles.

Never Mind the Pandora Papers: Why Secrecy Still Rules in the UK

Thanks to poor drafting and a lack of enforcement, anti-secrecy legislation intended to make it clearer who owns UK companies isn’t working

When Counterculture Goes Mainstream: A Dispatch from the 2021 Bitcoin Conference

How Bitcoin hard-core loyalists see the future of their project.

Will Tether Bring All The Cryptocurrencies Way Down?

The more you look at the cryptocurrency Tether, the less there is to like.

Nassim Nicholas Taleb Shellacks Bitcoin and Cryptocurrencies

Nassim Nicholas Taleb explains why Bitcoin is not good for much except enriching early adopters and intermediaries.

Crypto Crackdown: Only the Beginning?

If you think the officialdom is getting tough with crypto, there’s even more they can do to tighten the screws.

Sputtering About Crypto and the US Pipeline Ransomware Attack

You can hear the silence about the role of crypto in the Colonial Pipeline and a growing spate of ransom demands.