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Governor of Bank of England Mark Carney: Cryptocurrencies are Failing as Money

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What is money? In The Wealth of Nations, Adam Smith defines money by the roles it plays in society, in particular, how well it serves as: –  A store of value with which to transfer purchasing power from today to some future time; –  A… Read More

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Here is the Bank of England Document on the Central Bank Issuing Digital Currency

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The advent of digital currencies and blockchain technology has engendered great consternation and interest from policy makers around the world. The concept of bitcoin or other cryptocurrencies may be the next step in fiat currency. Having made the leap from barter to coins and then… Read More

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