BoE’s Cleland discusses extending digital central bank money to the public
Costs and benefits need to be better understood, says Cleland
Victoria Cleland, the Bank of England's (BoE) chief cashier, has raised the question of what would happen if businesses and consumers could transact central bank money "directly and instantaneously" using cryptocurrency.
Speaking today (September 8) at an international workshop on peer-to-peer financial systems, Cleland noted that at one end of the spectrum a central-bank-issued digital currency could be "quite limited and reserved", offered only to financial institutions.
But "really big
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