FedFin Forecast: 2021, the Year Digital Becomes Financial
Even though 2020 was of course preoccupied by the pandemic, there was no scarcity of the oft-repeated nostrum that law and rule must define the future of digital finance.  True enough, but there was little substantive policy change even as Amazon became still more imperial, Libra turned itself into Diem despite demands that global stablecoins stand still (see FSM Report CRYPTO14), one U.S. regulator – the OCC – tried to do digital finance on its own (see FSM Report CRYPTO15), another U.S. regulator decried the ability of banks to ensure inclusive digital finance, and the Fed took ever-cautious steps to instant payments (see FSM Report PAYMENT20) and CBDC (see Client Report CBDC3).