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Digital Currencies Report.pdf

d137.pdf
Preview of Digital Currencies Report
🔗 Source: bis.org
📊 Size: 531 KB
👤 Author: Committee on Payments and Market Infrastructures
⬇️ Downloads: 60

Summary

The Committee on Payments and Market Infrastructures (CPMI) report on digital currencies identifies three key aspects: digital currency assets (e.g. bitcoins) with monetary characteristics but no intrinsic value, transfer via distributed ledgers, and third-party non-bank institutions developing and operating these mechanisms. Factors influencing digital currency development include network effects, potential gaps in traditional payment services, security, and trust. The report considers implications for central banks, including risks similar to e-money, potential broad applications of distributed ledger technology, and possible adoption by financial market infrastructures and other networks.

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Description

The Committee on Payments and Market Infrastructures (CPMI) report on digital currencies identifies three key aspects: digital currency assets (e.g.

Technical Information

  • File Format: PDF
  • File Size: 531 KB
  • Pages: 24
  • Language: EN
  • Author: Committee on Payments and Market Infrastructures
  • Total Downloads: 60
  • Last Updated: 3 weeks ago

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