Those include the way
global financial systems appear to benefit a minority of people.
The digital currency movement achieved liftoff at a moment when
the global financial system appeared to be on the verge of collapse.
Not exact matches
With Federal officials testifying to Congress last November that despite its darker uses, the online currency has real - life benefits for lubricating
global financial systems, the future
appears bright for Bitcoin — and the companies Draper plans to build up around it.
This has resulted in three changes: more scrutiny of the
global financial system, strengthened regulation and a greater willingness to respond when risks
appear to be rising.
BlackRock Inc's (BLK.N)
global chief investment strategist on Tuesday suggested that loose monetary policy may have aided speculation in digital currencies like bitcoin, but he said the risk to the broader
financial system appears limited.
The importance of network effects for the
financial system is also stressed by Stefano Battiston, a network economist at ETH Zurich: «Recent research on contagion in
financial networks has shown that network topology and positions of banks matter; the
global financial network may collapse even when individual banks
appear safe.