Central Banks Find It Hard to Ignore Blockchain Technology

Central Banks Find It Hard to Ignore Blockchain Technology

Central banks are increasingly showing interest in blockchain technology as it has the potential to reduce costs and increase the efficiency of its operations. The interest in cryptocurrencies and their underlying technology is at an all-time high. While the climbing Bitcoin price stands proof to the increasing interest in the digital currency, at least 100 research and white papers published by various banking and financial institutions vouch for blockchain technology. The global economy is based on a centralized model, but increasingly the Central Banks that play a major role in monetary....


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Big tech, not cryptocurrency, is the real threat to central banks’ autonomy, ...

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