Why Central Bankers Got Serious About Digital Cash

Bloomberg | Oct 20, 2019 at 6:00 AM
  • What central banks once sneered at, they’re now scrambling to master. Back when Bitcoin, the world’s first cryptocurrency, was seen as the province of anarchists and drug dealers, it was easy for the world’s central bankers to keep their distance. That’s changed in a hurry because of Facebook Inc.’s proposal to create its own digital currency, Libra, which is seen by many regulators as a threat to existing monetary regimes. The central banks of China, Sweden, the Bahamas and others have been exp