Central banks eye advantages of digital currencies
BoE economist says digital currencies might improve real policy rates, tax rates and bank competition
Many financial technology start-ups are eagerly exploring the world of digital currencies, with established banks and market infrastructures following suit. But central banks might also benefit from the technology, according to economists at a conference recently hosted by University College London.
At the 2nd International Workshop on P2P Financial Systems, held on September 8, researchers and staff from central banks including the Bank of Canada and the Bank of England spoke of the beneficial
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