Global Banking Institutions Remain Whimsical on their Stand on Cryptocurrencies
Looking to the huge demand in the crypto space, several banks are now starting to offer investment and cold storage services for digital currencies.
A report by the Bank of England reads that the most discussed cryptocurrency – Bitcoin – is harder money than gold standard due to deflation.
Looking to the huge demand in the crypto space, several banks are now starting to offer investment and cold storage services for digital currencies.
The central bank has studied the cryptosphere and determined that creating its cryptocurrency may ruin the current model of the financial market.
The digital currency will be supported by decentralized distributed ledger mechanism and will be linked to Sterling.
RSCoin, developed in cooperation with two researchers from the University College of London, allows central banks maintaining complete control over monetary supply while providing strong transparency and auditability guarantees.
Andy Haldane evaluates current economic situation in the world and underlines the potential of blockchain.
A report by the Bank of England reads that the most discussed cryptocurrency – Bitcoin – is harder money than gold standard due to deflation.
The Bank of England issued a research, which discusses the possibility of central bank creating its own cryptocurrency.