by Summary:
VoxEU, October 19, 2016. HTML. Central banks are increasingly interested in employing blockchain technologies. The blockchain threatens the intermediation business. Central banks encounter the blockchain in the form of new krypto currencies, and as the technology underlying new clearing and settlement systems. Krypto currencies bear the risk of “dollarization,” but in the major currency areas this risk is still small. New clearing and settlement systems benefit from central bank participation. But central banks benefit as well; those rejecting the new technology risk undermining the attractiveness of the home currency. See the original blogpost.
Topics:
Dirk Niepelt considers the following as important: Bank supervision, Bitcoin, Blockchain, Central Bank, Clearing system, Contributions, Crypto currency, currency, Dollarization, Intermediation, Legal tender, Means of payment, Payment system, Settlement system
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VoxEU, October 19, 2016. HTML. Central banks are increasingly interested in employing blockchain technologies. The blockchain threatens the intermediation business. Central banks encounter the blockchain in the form of new krypto currencies, and as the technology underlying new clearing and settlement systems. Krypto currencies bear the risk of “dollarization,” but in the major currency areas this risk is still small. New clearing and settlement systems benefit from central bank participation. But central banks benefit as well; those rejecting the new technology risk undermining the attractiveness of the home currency. See the original blogpost.
Topics:
Dirk Niepelt considers the following as important: Bank supervision, Bitcoin, Blockchain, Central Bank, Clearing system, Contributions, Crypto currency, currency, Dollarization, Intermediation, Legal tender, Means of payment, Payment system, Settlement system
This could be interesting, too:
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VoxEU, October 19, 2016. HTML.
- Central banks are increasingly interested in employing blockchain technologies.
- The blockchain threatens the intermediation business.
- Central banks encounter the blockchain in the form of new krypto currencies, and as the technology underlying new clearing and settlement systems.
- Krypto currencies bear the risk of “dollarization,” but in the major currency areas this risk is still small.
- New clearing and settlement systems benefit from central bank participation. But central banks benefit as well; those rejecting the new technology risk undermining the attractiveness of the home currency.
- See the original blogpost.