Tue, Mar 3, 2015
A A A
Welcome preal121
RSS

Commodities Briefing - Categorized | Currencies more

Bank of England: Digital currencies are similar to commodities

Posted on 14 March 2014

The Bank of England (BoE) has published an article on the role of money in the modern economy and one topic was the future of digital currencies and payment technologies. The currency v commodity debate has been going on for a while and the Bank of England is clearly on the commodity side of the argument.
“Digital currencies are not at present widely used as a medium of exchange. Instead, their popularity largely derives from their ability to serve as an asset class. As such they may have more conceptual similarities to commodities, such as gold, than money,” the bank concluded………………………………………..Full Article: Source


 Article link

This post was written by:

VRS - who has written 39476 posts on Opalesque Commodities Briefing.


Contact the author

Comments are closed.

banner
banner
March 2015
S M T W T F S
« Feb    
1234567
891011121314
15161718192021
22232425262728
293031