2 ms·
Note: Digital currency is not a synonym for cryptocurrency. In the context of central banks, it usually means that the same mechanisms that allow the banks acc
by nabla9 5y ago
Note: Digital currency is not a synonym for cryptocurrency.
In the context of central banks, it usually means that the same mechanisms that allow the banks access to central bank money are made available for other private businesses and individuals.
Practical implementation can be crypto ledger or something else. It would just show in central bank balance sheet.
If the central banks want to add money into the system, they could give it directly to the consumers (helicopter money), not to banks.
- Lionga 5y agoThe reverse would be also true they can just take money as they like (e.g. negativ interest or simple one time reductions of consumer balances as it happened in Cyprus). Or just freeze all your assets. I for one fear even more control of the incompetent, ever money hungry governments
- iSnow 5y agoCyprus wasn't the central bank and especially not the ECB, though.