Five digital currency questions for central banks
Central bankers need to take a view on the ongoing disruption to monetary systems, argues Adam Csabay
The clamour over crypto assets may have declined in volume throughout 2018 in line with the assets’ plummeting prices, but the debate continues to have major repercussions for core aspects of central banking.
During the course of their brief history, crypto assets, most infamously bitcoin, have faced a wide range of central bank responses: from prohibition to indifference to acceptance. The assets are small as a proportion of the financial system, and the Financial Stability Board has declared
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