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Lack of trust opens door for cryptocurrencies, Innovation in the financial sector: Navigating the digital transformation

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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.

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