Central banks should still be able to conduct monetary policy effectively and perhaps be even nimbler in a more decentralized ...

Monetary authorities should plan for a blockchain-led revolution. All assets and money could end up tokenized. Project Pine has shown a range of possibilities. But tokenization could complicate the ...

A joint study by the Federal Reserve Bank of New York and the Bank for International Settlements found that a shift to ...

To this end, Project Pine is testing whether smart contracts — automated computer programs that execute actions when specific conditions are met — could be used to carry out monetary policy ...

The prototype created for the study showed there's even the possibility of central bank monetary policy working even better under a decentralized financial system. The project came out of work ...