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Author Topic: [2015-11-23] CD: BIS: Digital Currencies Could Disrupt Central Banking Model  (Read 306 times)
LiteCoinGuy (OP)
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November 23, 2015, 10:01:58 PM
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BIS: Digital Currencies Could Disrupt Central Banking Model

Specifically, there may be no need for a central bank to issue currency if a distributed ledger is backing a widely used digital money, says the BIS.

"In some extreme scenarios, the role of a central body that issues a sovereign currency could be diminished by protocols for issuing non-sovereign currencies that are not the liability of any central institution," the report states.

http://www.coindesk.com/bis-digital-currencies-could-disrupt-central-banking-model/



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Carlton Banks
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November 23, 2015, 10:06:09 PM
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Not "could", "are". Cryptocurrencies are disrupting the Central Banking model.

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November 24, 2015, 12:45:00 AM
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BIS: Digital Currencies Could Disrupt Central Banking Model

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