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V21 2018 INDEX       E-SYLUM ARCHIVE

The E-Sylum: Volume 21, Number 35, September 2, 2018, Article 31

LOOSE CHANGE: SEPTEMBER 2, 2018

Here are some additional items I came across in the media this week that may be of interest. -Editor

The Onion Goes Numismatic

The satirical publication The Onion has finally gotten around to skewering coin collectors. -Editor

To read the complete article, see:
Coin Collector Has Some Pretty F***ing Nice Coins (https://local.theonion.com/coin-collector-has-some-pretty-f***ing-nice-coins-1828653096)

India Considers State Digital Currency

The Bank of England previously investigated the creation of its own cybercurrency, ultimately rejecting the idea, at least for the time being. But now India is looking into it. -Editor

India's central bank is researching how to introduce a rupee-backed central bank digital currency (CBDC) into its monetary policy in a bid to reduce its hefty annual bill for minting physical cash.

The news was revealed in the Reserve Bank of India's (RBI) annual report, published Wednesday, which indicated an inter-departmental unit has already been formed within the organization to study the "desirability and feasibility to introduce a central bank digital currency."

To read the complete article, see:
India Eyes State Digital Currency to Cut $90 Million Banknote Bill (https://www.coindesk.com/india-eyes-state-digital-currency-to-cut-90-million-banknote-bill/)

Moy Speaks At Blockchain Conference

Former U.S. Mint Director Ed Moy spoke at the Voice of Blockchain conference in Chicago last week. -Editor

Speaking Saturday about the future of currency, Edmund Moy, who served as the Mint’s 38th director between 2006 and 2011, praised cryptocurrencies as a free market solution that could bring “unbanked” people around the world out of poverty. He also said cryptocurrencies would disrupt the way governments have traditionally provided fiat currencies in the same the way email affected postal services.

To read the complete article, see:
Ex-Mint Director Cheers Crypto’s Potential to Reach ‘Unbanked’ (https://thirtyk.com/2018/08/27/mint-cryptocurrency-unbanked/)

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Wayne Homren, Editor

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