Digital
technology is poised to change our relationship with money and, for
some countries, the ability to manage their economies.
Quote from above:
" ..... What finally, decisively ended this competition was the emergence of
central banks, which were given the exclusive privilege of issuing legal
currency and tasked with maintaining its stability. This shift happened
quite early in Sweden; the world’s oldest central bank, the Riksbank,
was established there in the 17th century. In China, competition closed
with the founding of the People’s Bank of China in 1948, shortly before
the formal creation of the People’s Republic of China. Since the central
banks stepped in, competition has been mostly international, with the
relative value of currencies depending on the reputation and stability
of the central banks issuing them. "
NOTE: I assumed from the above title that they were going to talk about the emergence of all the digital currencies....