What is SWIFT? What does ejecting Russia achieve? Can Russia evade sanctions through Bitcoin and other cryptocurrency assets?

What is SWIFT? What does ejecting Russia achieve? Can Russia evade sanctions through Bitcoin and other cryptocurrency assets?

Co-authored by Jannah Patchay, Jim Ford, Phil Kenworthy, and Jonathan Marriott Following Russia’s invasion of Ukraine, the US, EU and UK have quickly moved to implement sanctions against Russian financial institutions, companies and individual oligarchs. After much discussion and negotiation, it was also announced that Russian banks would be ejected from the SWIFT network. Opinion […]

Digital Money: Global markets and the coming revolution in cross-border settlement

Digital Money: Global markets and the coming revolution in cross-border settlement

On 24 February, the Digital Pound Foundation hosted a webinar entitled ‘Global markets and the coming revolution in cross-border settlement’. The session discussed how new forms of digital money, including central bank digital currency, are opening up possibilities for wholesale cross-border transaction settlement.  These new forms of money have the potential to revolutionise the FX […]

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