This paper is our response to the BoE’s paper, “New Forms of Digital Money.” We have opted to respond due to our interest in the development of central bank digital currencies and associated regulations and how these will impact the digital asset ecosystem and stablecoins currently active within it.

Highlights from the paper:
• How new forms of digital money might affect money credit creation.
• Concerns over the ability of banks and markets to adjust to the introduction of new forms of digital money. • Whether there is agreement with the Bank’s assessment of the four possible regulatory models for stablecoins.