NO MORE THAN a “relatively small” amount of digital currencies such as Bitcoin should be used if the Central Bank decides to include them in Barbados’ foreign reserves. That’s the advice coming from Barbadian economists Dr Winston Moore and Jeremy Stephen who have produced a paper entitled Should Cryptocurrencies Be Included In The Portfolio Of International Reserves Held By The Central Bank Of Barbados?
The two, who have both served as head of the Barbados Economic Society and currently lecture at the University of the West Indies, Cave Hill Campus, said once more participants like Citibank “continue to enter the market and support transactions via the blockchain”, “the counter part risks to smaller and highly vulnerable central banks, such as the Central Bank of Barbados, will be minimised”.
http://www.nationnews.com/nationnews/news/74760/economists-suggest-bitcoin-reserve