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Crypto can be ignored as a fad, Danish central banker says Gulfbusiness.com 2 hrs ago © Motivate Publishing Bitcoin Bitcoin and other cryptocurrencies are little more than a speculative fad that central bankers can probably ignore, according to Lars Rohde, the governor of Denmark’s central bank. The much more serious threat stems from big tech, he said in an interview with Bloomberg Television on Thursday. If technology giants start “invading the currency area” and the means of transaction, then “that could be very interesting and maybe also a real threat to the autonomy and independence of central banks.” He’s the latest central banker to warn that the disappearance of cash and the dominance of digital payments are upending the age-old framework within which monetary policy has operated. Earlier this month, Bank of England Deputy Governor Jon Cunliffe said governments and policy makers need to ensure they don’t get overtaken by private providers of paymen

Stefan ingvesLars rohdeJon cunliffeAndrew baileyCecilia skingsleyBloomberg television onEuropean central bankMotivate publishing bitcoinBloomberg televisionEngland deputy governor jon cunliffeRiksbank governor stefanFirst deputy governor cecilia skingsleyCentral bankLuis de guindosEngland governor andrew baileyலார்ஸ் ரோட்