Bank of England Governor says IMS is broken, we need crypto fix

monetary system
Image credit: Andrey_Popov |

The international monetary system – IMS- is broken. Helping to fix it poses a huge opportunity for the cryptographers behind cryptocurrency and blockchain technology.

Now they have one of the stewards of that system in their corner: Mark Carney, the outgoing Bank of England Governor.

A week ago in Jackson Hole, Mont., Carney told the Federal Reserve’s annual gabfest that central bankers could develop a network of national digital currencies to create a new, basket-managed “synthetic hegemonic currency.”

Read more from the source: A Crypto Fix for a Broken International Monetary System