Given the ongoing currency debasement worldwide, many have sought alternatives for holding their assets and many have turned to cryptocurrencies such as Bitcoin. Now, European Central Bank head Christine LaGarde is calling for restrictions. Are cryptocurrencies competition for the coming “official” digital central bank digital currencies, and will central banks and governments impose restrictions on the “competition” as they roll out their own digital currencies?
Published by markskidmore
Mark Skidmore is Professor of Economics at Michigan State University where he holds the Morris Chair in State and Local Government Finance and Policy. His research focuses on topics in public finance, regional economics, and the economics of natural disasters. Mark created the Lighthouse Economics website and blog to share economic research and information relevant for navigating tumultuous times. View more posts