Lack of trust opens door for cryptocurrencies, Innovation in the financial sector: Navigating the digital transformation
Monday 25 January 2021 – Vol.12 Ed.4.1
Commentary: Lack of trust opens door for cryptocurrencies
By Steve Hanke in Baltimore
Few central banks have been able to implement policies that have garnered much trust. There are exceptions, but not many. This brings us to the rise of cryptocurrencies. Lack of trust in central banks and national currencies set the stage for the arrival of private substitutes. While technology played its part in making cryptocurrencies feasible, it is the lack of trust in central banking that has paved the way for what might be a new spontaneous order.
Read the full commentary on the website.
Meeting: Innovation in the financial sector
Wednesday 27 January, 10:00-11:00 GMT
Policy-makers, regulators and investors are navigating increasing innovation in the financial sector. Panellists discuss the impact of Covid-19 on the digitalisation transformation agenda and how policy-makers can manage disruption, including currently unregulated fintech firms and practices, while furthering innovation and managing risk.
Request to attend the meeting.