Currency and the Central Bank in a Digital Economy

[PaulJRobinson]

This pull request has been automatically generated by prose.io.

[Floppy]

This is an interesting one. I agree with it, but it seems vague. I guess this isn't an area where we can make specific policy recommendations, as it's too early, but perhaps we could point to some people who are doing such research already?

[PaulJRobinson]

Well it's not something I know much (anything?) about, but I think it's
something the group should have a view on. I was hoping someone more
knowledgable might be able to link to some evidence of how other
governments or parties are adapting their currencies to the digital
economy. So this is really just one to kick-start a discussion.

On 19 March 2014 10:37, James Smith notifications@github.com wrote:

This is an interesting one. I agree with it, but it seems vague. I guess
this isn't an area where we can make specific policy recommendations, as
it's too early, but perhaps we could point to some people who are doing
such research already?

Reply to this email directly or view it on GitHubhttps://github.com//pull/124#issuecomment-38036618
.

[Floppy]

OK, cool. I'll see if I can dig anything up that might inform us.

[philipjohn]

I've kept 1/8 of an eye on this issue and seen that some countries have outright banned digital currency, some are trying to regulate them and most are considering their position.

I did start going through the countries I'd heard about and listing them here, but then I found this: Legality of Bitcoins by country. Wikipedia, eh!

[Floppy]

I'\m happy with this, but perhaps we could rephrase this slightly to be more precise. Perhaps:

We will instruct the Treasury to produce a roadmap for the future of currency and the role of central banks in a world with non-state-issued digital currencies, such as Bitcoin.

[Floppy]

👍

[philipjohn]

👍

[philipjohn]

That's better.

[Floppy]

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