BIS_sez
John Young
jya at pipeline.com
Mon Nov 18 10:00:09 PST 1996
11-18-96. FiTi:
"Electronic money threat to central banks"
A report issued today by the BIS says that innovations
such as "electronic purses" or "digital cash" used over
the Internet could erode central banks' income.
"However, if issuance of e-money is limited to banks,
the regulatory framework already in place can be
extended to cover the new products, but competition and
innovation might be more limited."
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http://jya.com/bissez.txt
BIS_sez
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