Front cover image for Virtual currencies and beyond : initial considerations

Virtual currencies and beyond : initial considerations

"New technologies - supported by advances in encryption and network computing - are driving transformational change in the global economy, including in how goods, services and assets are exchanged. An important development in this process has been the emergence of virtual currencies (VCs). VC schemes are private sector systems that, in many cases, facilitate peer-to-peer exchange bypassing traditional central clearinghouses. VCs and their associated technologies (notably distributed ledgers based on blockchains) are rapidly evolving, and the future landscape is difficult to predict."--Summary

eBook, English, 2016
International Monetary Fund, Asia and Pacific Department, [Washington, D.C], 2016