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Virtual Currencies and Beyond
New technologies are driving transformational changes in the global financial system. Virtual currencies (VCs) and the underlying distributed ledger systems are among these. VCs offer many potential benefits, but also considerable risks. VCs could raise efficiency and in the long run strengthen financial inclusion. At the same time, VCs could be potential vehicles for money laundering, terrorist financing, tax evasion and fraud. While risks to the conduct of monetary policy seem less likely to arise at this stage given the very small scale of VCs, risks to financial stability may eventually emerge as the new technologies become more widely used. National authorities have begun to address these challenges and will need to calibrate regulation in a manner that appropriately addresses the risks without stifling innovation. As experience is gained, international standards and best practices could be considered to provide guidance on the most appropriate regulatory responses in different fields, thereby promoting harmonization and cooperation across jurisdictions.
Dragon's Gate
"Dragon's Gate is a superb book, a fascinating story written from the heart and woven into a complex cultural and historical tapestry - a modern classic in the making." - Robert Macklin, author of Dragon and Kangaroo Shi Ding is seventeen. In an attempt to impress a girl, he joins a local Red Guard unit and succeeds in having a nine-year-old boy arrested and a widowed professor of foreign literature driven to a shameful suicide. But when his father's death is also revealed as suicide, Shi Ding is expelled from the gang. He suspects there was more to the relationship between his father and the professor than friendship and he moves into her empty house. There he discovers a library of transla...
Hearings
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GSA Tenant Agencies
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Fateful Ops
What would you do if preserving the status quo came at the price of American lives? Jes Spenser is an ex-cop who has chosen to work overseas as a spy, observing and reporting to help keep U.S. troops safe. But the day comes when he knows the country would be better served were he a terrorist fighter in the black ops war. When Spenser discovers that an attack on U.S. soil is imminent, he follows the intel all the way to China. But as he informs the powers that be, he is told that the attack will be allowed to take place-so the masses can be reminded of the ongoing terror threat and so the funding can continue. As Spenser voices his objections, he unknowingly makes himself a target for elimina...
