Denmark Considers Virtual Currency

Bloomberg headline: “Blockchain Lures Central Banks as Danes Consider Minting E-Krone.”

The benefits are obvious: Crime will be harder. Oversight will be easier. And only 20 percent of Denmark’s transactions involve cash anyway.

Denmark is considering launching a virtual currency based on the growing blockchain technology underlying Bitcoin.

But are citizens willing to have their transactions monitored by the government? The Danish Central Bank Governor says he still has “more questions than answers.”

Other countries testing blockchain-based currency systems include Britain, Sweden, Singapore, and Canada.

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