Ángel Manuel García Carmona (Spain, 1996) is a software engineer, an expert in Big Data (MSc), and a lecturer at Univ

Don’t Worry Consumers, Steve Mnuchin Wants to Protect You from Bitcoin

It seems like its only a matter of time before the US government introduces a new wave of regulations on cryptocurrency.

Steve Mnuchin was asked about the topic today at an event hosted by the Economic Club, and the Treasuy Secretary was quick to rattle off a number of cliched responses always used to justify bigger and more intrusive government:

Thanks, Government — Nearly Half of Puerto Rico Is Still without Power

In the wake of Hurricane Maria, most of Puerto Rico lost electricity. Since electronic transactions were not longer possible under these conditions, the Federal Reserve was forced to fly a planeload of cash to the island to avoid a total breakdown of the economy there. 

But even then, we were assured that the loss of power was a momentary blip. Everything would be back to normal soon. 

Can China Really Dethrone the Dollar?

If there is something ironic, it is that, whatever happens, politicians always think that money is their monopoly.

The data for 2016 of the BIS (Bank of International Settlement) show a very different reality from the one that the European, Japanese, and Chinese central banks want us to see. The US dollar is not only the most traded currency in the world but its use has increased since 2013 from 87% to 87.6% of global transactions.

FinTech, Robo Advisers, and the Soul of Swiss Banking

This year, the European Union will start to force continental banks to open their customer interface to third-party providers. However, Swiss banking doesn’t intend to follow suit. Such is the latest development in the fight over the soul of Swiss banking, one pitting the trend-mad robo-ification of (digital) banking against the steadfast anchor and sail of the traditional Swiss model.

Congress Plotting to Cut a Hole in the 4th Amendment, Again

Hidden beneath the controversy stirred up last week by the publication of a book called “Fire and Fury,” a highly critical insider’s view of the Trump White House that the president has not only denounced on national television but also tried to prevent from being published and distributed, are the efforts of the Trump administration and congressional leadership to bypass the Fourth Amendment to the Constitution.

Here is the back story.