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Once the initial setup is there (which isn't easy in either case), the difference is to write a new law that forces commercial banks to implement some changes v
by t_mann 5y ago
Once the initial setup is there (which isn't easy in either case), the difference is to write a new law that forces commercial banks to implement some changes vs one that forces the central bank to do so. The former currently have strong lobbies, that's what really makes it harder.
- coldtea 5y agoIf societies still have cash and multiple banks, the power to order/stop/whatever is much less centralized, and there are multiple levels to resist it.