02.09.2016 - On Digital Currencies, Central Banks Should Lead
In recent years, digital currencies have shown considerable promise. Research by the People's Bank of China suggests that the best way to take advantage of these innovations is for central banks to take the lead, both in supervising private digital currencies and in developing digital legal tender of their own. At the PBOC, this effort is underway. In approaching this challenge, the PBOC must carefully consider how to maintain financial stability, encourage innovation, and properly supervise the issuance and circulation of these new currencies...............................................Full Article: Source
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