Deloitte Outlines Concept for Central Bank-Backed Cryptocurrency

By July 10, 2015Bitcoin Business

deloitte, research Would a central bank ever issue its own cryptocurrency?

While the verdict may still be out, a new report by professional services giant Deloitte explores how it might go about doing so.

Entitled "State-Sponsored Cryptocurrency: Adapting the best of Bitcoin’s Innovation to the Payments Ecosystem", the report envisions a bitcoin-like system in which financial institutions act as uncompensated miners for a ledger governed by a central bank.The idea of a central bank-backed cryptocurrency has […]

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