Economics
Nobel Winner Warns Central Bank Cryptos Would Court Catastrophe
Five Reasons 'Bitcoin Jesus' Loves the Digital Currency
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Could a central bank solve cryptocurrency woes by issuing a “safe” version of its own?
Not so fast, says Bengt Holmstrom, a 2016 recipient of the Riksbank Prize in Economic Sciences in Memory of Alfred Nobel. Speaking at a seminar in Helsinki on Monday, Holmstrom said the very safety promised by a digital currency managed by a central bank would be its undoing.