Here's a utopian image (or perhaps dystopian, depending on the point of view) to ponder: Central banks have switched from issuing money in the form of cash to releasing digital currency and registering transactions on a distributed ledger along the lines of the Bitcoin blockchain.
Because it doesn't require much of an upfront investment -- the clearance and transaction recording system is decentralised — the central bank is now able to do something it has never done, namely accept depos ..
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