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Arshad Noor

Arshad Noor

CTO at StrongKey
Message Message me Posts: 0 Comments: 10

Arshad is Commenting on

FCA boss invited to UK parliament to address 'naming and shaming' plans

  About time government agencies took responsibility for protecting consumers. Rohit Chopra of the US's Consumer Financial Protection Bureau (CFPB) and Nikhil Rathi (FCA's CEO) appear to be a breed apart from agencies that are captive to corporations and their lobbyists - they are, hopefully, the vanguard of the kind of government consumers dream of.

03 May 2024 Reply Read article

US digital dollar is “nowhere near” development, says Federal Reserve chair

  And, we are to believe that the US is NOT tracking individual electronic transactions currently (through ACH, card networks, etc.)? IMO, the US is in danger of falling significantly behind as China, India, the EU and other Asian countries interlink their own CBDC. Once they start denominating their (smaller) transactions using other digital currencies, it will snowball and there will be no turning back. By then, the US CBDC will be too late.

08 Mar 2024 Reply Read article

US falling behind peers on CBDC progress, warns think tank

  In any country with an authoritarian government/head, there are no protections; so it is futile to discuss this in that context. In democratic countries, where laws can be established apriori, a set of controls can be established to prevent such failures. However, it is important to remember that not all anomalies can be recognized and addressed apriori. Diligent policymakers will continue to reinforce those protections regularly and fill gaps when identified and where necessary. Witness what the EU is doing with its laws: GDPR, PSD, DMA, etc. It still needs to be said, that unless consumers/citizens vote with their wallets/votes, even lawmakers and laws can be subverted. Caveat Emptor!

30 Jan 2024 Reply Read article

US falling behind peers on CBDC progress, warns think tank

  If voters accept initiatives that must be completed in one election cycle, then they will get the government and life they deserve, Ketharaman. Some of humankind's greatest accomplishments far outlived the innovators' lifetimes - for which all of us should be grateful. Thanks for your thoughts.

30 Jan 2024 Reply Read article