Spain: Central Bank: Public Cryptocurrencies Can Facilitate Monetary Policy

BTC Echo

Public cryptocurrencies could facilitate monetary policy and thus central bank activities. In particular, blockchain technology could help to control interest rates and cash flow, leading to greater financial stability. This is the conclusion reached by Banco de España (BDE), Spain’s top currency institute, in its recent report on the influence of state crypto currencies. Blockchain technology may be a positive factor for the country’s economy. Nevertheless, it needs further research and an eye for possible risks. (German)

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