BIS: Digital Currencies Could Disrupt Central Banking Model
Isnt that our deam?
Isnt that our deam?
Proof of Dream.
-signed BitDreams
Topic: [2015-11-23] CD: BIS: Digital Currencies Could Disrupt Central Banking Model (Read 321 times)
November 23, 2015, 07:45:00 PM
Proof of Dream.
-signed BitDreams
November 23, 2015, 05:06:09 PM
Not "could", "are". Cryptocurrencies are disrupting the Central Banking model.
November 23, 2015, 05:01:58 PM
BIS: Digital Currencies Could Disrupt Central Banking Model
Specifically, there may be no need for a central bank to issue currency if a distributed ledger is backing a widely used digital money, says the BIS.
"In some extreme scenarios, the role of a central body that issues a sovereign currency could be diminished by protocols for issuing non-sovereign currencies that are not the liability of any central institution," the report states.
http://www.coindesk.com/bis-digital-currencies-could-disrupt-central-banking-model/
Isnt that our deam?
Specifically, there may be no need for a central bank to issue currency if a distributed ledger is backing a widely used digital money, says the BIS.
"In some extreme scenarios, the role of a central body that issues a sovereign currency could be diminished by protocols for issuing non-sovereign currencies that are not the liability of any central institution," the report states.
http://www.coindesk.com/bis-digital-currencies-could-disrupt-central-banking-model/
Isnt that our deam?
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