Tag Archives: Could cryptocurrency dethrone the dollar?

London: Bank of England governor Mark Carney has suggested that a virtual currency, modelled on Facebook´s Libra, could one day replace the dollar as king of the foreign exchange market. The BoE chief aired vague proposals for a so-called “Synthetic Hegemonic Currency” at the recent Jackson Hole Symposium of central bankers. Here is a brief assessment of why the greenback …

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