Advance of digital money gives ECB golden opportunity

The digital currency revolution is here and policymakers would be wise to step up and do their part in shaping its progress

17th November, 2019
A bitcoin ATM machine in Poland: some central banks have begun to explore issuing their own digital tokensGetty

How radically will digital currencies change our methods of exchange and the way we think about money? With innovation in digital payments barrelling ahead, these questions are now commanding the attention of the World Economic Forum and other international institutions.

Regardless of how Facebook’s own digital currency moonshot, libra, fares, it has already provided a wake-up call for firms and policymakers around the world.

“If revolution there is to be, let us rather...

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