European Central Bank Says Bitcoin May Not a Future of a Cashless Society

[Jeffery Musk]

The two revive the debate about possibility of central bank backed cryptocurrencies. On a note, they can improve on the challenges of centralized banking systems as exposed by Bitcoin and other cryptocurrencies. Bank for International Settlements (BIS) also said central bank backed are a possibility but could drain banks’ digital resources in times of financial instability.

Coinpedia 

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