How crypto is my currency?

Richard Heckinger examines how central banks are grappling with new ideas on crypto-currency and distributed ledgers

Bitcoin accepted
Not many shops yet accept bitcoin, whose value climbed more than $1,000 in the week to November 27

Now a visible part of the financial economy, even though still relatively small in value, crypto-currencies appear to be more than a fad. They have attracted the attention of governments, central banks and financial firms with each seeking to determine the potential importance of crypto-currencies to the financial and real economy.

Competent authorities should by now have received the basic facts of crypto-currency mining, the use of blockchain and distributed ledger technology (DLT) and have

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