Digital Bytes April 26th Edition with Jonny Fry / James Tylee featuring Jason Meyer of Auditchain Labs AG

Introducing the Commissioner for digital money: safeguarding privacy and rights in the age of programmable money - The global race to develop Central Bank Digital Currencies (CBDCs) and Stablecoins has quietly created unprecedented challenges across the world. The intrinsic programmability of this money and the oceans of new and valuable centralised data produced daily create chronic as well as acute governance challenges in each and every jurisdiction. A gnawing temptation to governments and other agencies to abuse these new powers. Both at implementation and then again over the longer term.Do we therefore need a Commissioner for Digital Money, similar to the UK’s ICO, for the digital pound and Sterling based stablecoins? Full Article Here The economic impact of adopting cryptocurrency as an alternative for goods and services - for all the hype surrounding both Bitcoin and crypto, they continue to remain largely unused as a means of exchange. More than $1 million is spent daily in the US on those goods and services using Bitcoin. However, this is a pittance compared to the annual US consumer expenditure of over $15 trillion. For Bitcoin to become a suitable alternative for buying goods and services, it must meet certain criteria. Full Article Here Metaverse and healthcare - experts in the healthcare business believe that the metaverse has the potential to provide significant value, although this is still an emerging trend. Medical software solutions, which allow users to engage with digital material in various ways (for instance, by managing data or exchanging medical pictures), now dominate the healthcare technology landscape. The metaverse’s highly immersive nature offers new ways for physicians to be trained and patients and carers to understand more about procedure and care plans before, during and after treatment. Full Article Here Dressed in disguise: how accounting rules hide the flaws of the fractional reserve banking system - this article looks at the controversial topic of flawed accounting rules that are designed to hide the truth about the health and solvency of the banking system. The level of accountancy inconsistencies in many global banks would appear to be largely ignored. Surely there is a need for greater transparency for the sake of shareholders and depositors as well as for regulators to maintain confidence in financial markets before it becomes too late? Full Article Here