Danes consider minting e-krone

Copenhagen

THERE'S a growing number of central banks questioning the point of printing paper money.

In Denmark, the wardens of cash are now looking into producing a virtual currency instead, which they predict will make crime harder and oversight easier. The Danes aren't alone. Britain and Sweden are blazing a trail in Europe. Singapore and Canada have already tested blockchain-based currency systems for Internet payments.

Governor Lars Rohde, whose job as at 2017 will no longer include overseeing a cash printing press in Copenhagen, says pros include lower transaction costs. But the risks are considerable. It's uncharted territory, an…