Insights
Notes on concepts and terms
Brief notes that define one term or idea each. Each note takes a few minutes to read and lists its sources. The notes are general education and not advice.
Utility tokens: what the label does and does not mean
Why the word utility on a project page is a description of a function rather than a legal category, and how regulators look past the label to the facts of a sale.
Central bank digital money versus bank deposits
What a central bank digital currency is, how a direct claim on a central bank differs from a bank balance or a stablecoin, and why design plans are not the same as a launch.
Bank of Canada: Digital Dollar and Retail Payments
What the Bank of Canada has said about a central bank digital currency, how it supervises retail payment providers, and what its published guidance does not cover, according to the Bank's own pages.