I’ll mention is aversion to risk, which is common among central bankers. The Bank of Canada has said that the use of Bitcoin and other digital currencies could lead to a "New Monetary Order", as central banks would be incapable of implementing monetary policy in such a scenario. In an interview with CNBC, former Federal Reserve Chairman Ben Bernanke warned about the potential dangers of cryptocurrencies. Warnings such as this are generally dismissed by those in the digital currency industry, who often say that the impact of central bank's controlling economies through the money supply is more damaging than the largely predictable and automated monetary conditions set under a digital currency.
The Bank of Canada has said that the use of Bitcoin and other digital currencies could lead to a "New Monetary Order", as central banks would be incapable of implementing monetary policy in such a scenario. In an interview with CNBC, former Federal Reserve Chairman Ben Bernanke warned about the potential dangers of cryptocurrencies. Warnings such as this are generally dismissed by those in the digital currency industry, who often say that the impact of central bank's controlling economies through the money supply is more damaging than the largely predictable and automated monetary conditions set under a digital currency.