Adrian Zmudzinski, author @ Modern Consensus says that the Bank for International Settlements’ (BIS) head of innovation hub, Benoit Coeure, said that technology firms are forcing central banks worldwide to get serious about the possibilities of new financial technology.
There is also Benoit's statement:
“If the ECB, the Fed and the other central banks want to continue to fulfill their role vis-a-vis society, which is to ensure financial stability and to ensure that monetary policy can be adjusted, broadcast throughout the economy, they must adapt their intervention methods to the new digital situation.”
This is a very interesting topic, so if you are interested, please go *HERE* to read the full article.
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