Bitcoin success won't mean death of central banks, say Haldane and Qvigstad
Central banks will still rule in digital age, write Haldane and Qvigstad
Digital currencies such as Bitcoin could well represent the future for money – but they would still most likely be issued by central banks, according to a new paper co-authored by Bank of England chief economist Andrew Haldane, and Jan Qvigstad, executive director at Norges Bank.
The comments on Bitcoin make up just one page of a wide-ranging overview of the evolution of central banking since its inception, and reflect a relatively relaxed view of the disruptive potential of virtual currencies
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