Cryptocurrency impact on monetary policy

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Decentralizing Currency: Bitcoin's Potential Impact on Monetary Policy with Vijay Boyapati
Can currency competition affect central banks' control of interest rates and prices? Yes, it can. In a two-currency world with competing cash . Since cryptocurrencies provide an alternate method of payment and a store of value, they may become more competitive than traditional fiat currencies. This can put pressure on central banks to keep their currencies stable and valuable to remain competitive. The dizzying rise of bitcoin and other cryptocurrencies has created new challenges for governments and central banks. Increasing popularity and high levels.