World's central bankers mull over digital currency

London

CENTRAL banks have taken the first united step in the potential issuance of digital currencies.

The Bank of International Settlements (BIS) has issued a comprehensive report on the implications for financial stability and monetary policy, if central banks issue digital currencies.

If these issues take place, the implications on Bitcoin and other cryptocurrencies could be considerable. For a start, regulation is already tightening. Risks are high for large numbers of new virtual currency arrivals, that may fall by the wayside in the…