Bank of England Releases Working Paper on Central Bank Digital Currency Models

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Earlier this month, the Bank of England released a working paper that describes three different central bank digital currency (CBDC) models, providing an outline of how it would operate in the banking industry, as well as possible scenarios of risk and financial stability issues.

The three outlines construct models depending on the sectors with access to CBDC.

The Financial Institutions Model

This model reportedly limits access to banks and non-bank financial institutions (NBFIs). This model is described as seemingly similar to reserve assets of the central Bank of England; however, there are differences including “broader access and different functionality

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Poland Wants to Pay US $2 Billion for a Permanent Military Base

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The Polish Ministry of National Defense is seeking a permanent U.S. military presence in Poland. According to Politico, a defense ministry proposal was obtained by a Polish news portal, offering $2 billion for a permanent military base.

The offer may be reflective of a recent meeting between U.S. Defense Secretary Jim Mattis and Polish Defense Minister Mariusz Blaszczak on April 28th.

Defense News reported that Defense Minister Blaszczak said he was “an optimist regarding an increase of U.S. military presence in Poland.”

The US Department of Defense appeared to hold similar optimism regarding the talks. In a press release

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