Do Digital Currencies Pose a Threat to Sovereign Currencies and Central Banks? PDF
By:Daniel Heller
Published on 2017 by
This Policy Brief addresses the question of whether digital currencies pose a threat to sovereign currencies and their central banks. The first section introduces a taxonomy of money and compares the features of bitcoin with other forms of money. The second section provides a nontechnical introduction to how bitcoin is created and how the system works. The third section presents some monetary, transactional, and technical statistics on the bitcoin system. The next two sections address money laundering and security. The sixth section assesses whether bitcoin meets the criteria economists usually apply to currencies (medium of exchange, unit of account, and store of value). The last section summarizes the main conclusions.
This Book was ranked at 22 by Google Books for keyword Digital Currencies.
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