Central Bankers Argue Digital Currency Requires Institutional Control

Central Bankers Argue Digital Currency Requires Institutional Control

A recent paper by two senior central bankers in Europe suggests that the technology underlying bitcoin could serve as the catalyst for change in the global money and payments infrastructure. Entitled "The Evolution of Central Banks: A Practitioner's Perspective" - and co-written by Bank of England chief economist Andrew G. Haldane and Jan F. Qvigstad, executive director of Norges Bank, Norway's central bank, the paper covers the evolution of central banking and the challenges that have arisen in the era of digitized monies. Perhaps most notably, the authors reject the idea that....


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