Lessons from Brazil: Central Banks Fostering Innovation

By Mallika Patkar and Joselyn Salazar According to the Atlantic Council’s Central Bank Digital Currency (CBDC) Tracker, 134 countries and currency unions, representing 98% of global GDP, are currently exploring a CBDC. This marks a significant increase from just 35 countries in May 2020.  While many countries are exploring CBDCs,Read More

America at a Crossroads: Securing Global Digital Asset Leadership

By Sarah Hammer, Executive Director at the Wharton School and Adjunct Professor at the University of Pennsylvania Carey Law School America stands at the precipice of a digital finance revolution—a historic opportunity to lead global innovation, but one that other nations are rapidly mobilizing to capture. Throughout my career investigatingRead More

A Primer on Banking-as-a-Service

By JV Pineda Over the past few years, advancements in technology and regulation such as cloud-based infrastructure, open banking regulations, and Application Programming Interface (API)-driven services have paved the way for new models of the delivery of banking services. Banking-as-a-Service (BaaS) is one of these newly emerged models, enabling non-bank entitiesRead More

A Primer on Prediction Markets

By Victoria Liu and Djavaneh Bierwirth Crowdsourcing opinions, experiences and answers is not news to the Internet. Per Wolfers and Zitzewitz, “the power of prediction markets derives from the fact that they provide incentives for truthful revelation, they provide incentives for research and information discovery, and the market provides anRead More

Antitrust and Digital Finance: The Visa Case

By Giovanna Massarotto In the emerging digital economy, antitrust regulation has come to the forefront. After being declared dead in 2017, antitrust is back on the scene by reviving the trust-busting era. In recent years, multiple antitrust proceedings have been opened against Google, Amazon, Meta, and Apple. The Department ofRead More