Are Central Bank Coins the End of Financial Privacy?
As the European Union gets more serious about a digital euro, most central bank digital currencies intend to remove the anonymity of cash.
Deputy Governor Jon Cunliffe says protecting bank business models is not BoE's responsibility.
Some speculate that if the Fed implements a digital dollar, soaring inflation will soon follow.
With a runway of a year or more before the Federal Reserve and other major central banks can launch digital currencies, bitcoin and other private cryptocurrencies could gain a foothold in electronic commerce.
Riksbank Governor Stevan Ingves sees a Swedish digital currency as an imperative for the central bank.
Central banks are rushing into digital currencies without considering how the risks might outweigh any benefits, the column argues.