Chris Johns Mon Aug 15 2016 – 06:35
The advent of digital currencies means that we can imagine a world without cash and banks. If central banks implement a digital currency regime they will gain control over the money supply and ordinary retail banks would become redundant. Our individual accounts will exist in the cloud in one big digital ledger, controlled, maybe, by entities such as the Bank of England. Crucially, the role played by banks as payment intermediaries………