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Central Bank Says it Is Adopting A Cautious Approach to Cryptocurrency.

by | Jun 22, 2018

Deputy Inspector of Banks, Non-Banks & Payment Systems Oversight, Michelle Francis-Pantor, says the Central Bank is not opposed to innovation but is adopting a cautious approach on the issue of Cryptocurrency.

Cryptocurrency is a digital currency in which encryption techniques are used to regulate the generation of units of currency and verify the transfer of funds, operating independently of a central bank.

Ms. Francis-Pantor speaking at the Central Bank’s Launch of the 2017 Financial Stability Report on Thursday said there are arguments for and against the idea.

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