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The Future of Bretton Woods

The acting Managing Director at the International Monetary Fund (IMF) and therefore the man in charge of money, David Lipton, gave a recent speech in which he touched on digital currencies and noted that while he saw benefits (ease of use, lower costs and global reach) there are also a wide range of risks to be considered. He listed "the potential emergence of new monopolies, with implications for how personal data is monetized; the impact on weaker currencies and the expansion of dollarization; the opportunities for illicit activities; threats to financial stability” and went to specifically mention "the challenges of corporates issuing and thus earning large sums of money — previously the realm of central banks".

This is a reference to seigniorage

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