Banks must adapt to rise of digital currency

The central banks in particular need to keep pace with technological shifts, because worrying about change won’t stop it happening

Emmet Ryan

Technology Correspondent @emmetjryan
21st July, 2019

Digital money received support from an unexpected corner last week in the form of an IMF paper. The Rise of Digital Money, by Tobias Adrian and Tommaso Mancini-Griffoli, took a fascinating look at how banks in general, and central banks in particular, need to evolve to keep up with the technological shifts that are making digital currency more mainstream. This includes, but is not limited to, crypto-currencies.

The main thrust of the paper referred more...

Subscribe from just €1 for the first month!

Currency

What's Included

With any subscription you will have access to

  • 971569B3-2C5E-4C45-B798-CEADE16987A8

    Unlimited multi-device access to our iPad, iPhone and Android Apps

  • 099C8662-C57C-42F2-9426-F2F90DF17C8F

    Unlimited access to our eReader library

  • 198AE43B-B9CF-4892-8769-D63C2104BA08

    Exclusive daily insight and opinion seven days a week

  • D8F37B78-25E4-4E4A-A376-4F5789B1564A

    Create alerts to never miss a subject that matters to you

  • B15F2521-37CD-4E02-B898-730A20D39F7F

    Get access to exclusive offers for subscribers on gifts and experiences

  • A564FE02-1AB8-4579-AF9D-BA32A2E5ACA7

    Get content from Business Post, Business Post Magazines, Connected, Tatler and Food & Wine

Share this post

Related Stories

Private rental sector remains strong despite Covid-19

How the programme for government will shape housing

Insight Niall Byrne 1 year ago

Comment: US must defuse Covid-19’s ticking time bomb of debt

Comment: The recovery will be more U than V-shaped

Insight Larry Hatheway 1 year ago