Digitalization is reshaping economic activity, shrinking the role of cash, and spurring new digital forms of money. Central banks have been pondering whether and how to adapt. One possibility is central bank digital currency (CBDC)—a widely accessible digital form of fiat money that could be legal tender. While several central banks have studied the adoption […]
E15: Central banks and cryptocurrencies
The IMF chief praised blockchain technology and suggested central banks issue their own cryptocurrencies. I discuss these interesting comments as well as bitcoin bashing from other parts of the central banking community. To be Subscribe