What is government sovereignty without control over currency? Thanks to bitcoin, some countries are confronting this reality. Long-term, it could change the relationship between government and currency. And if government responds to the disruption of government-backed currency in a sensible manner, the end result could be more stable and efficient currencies. That’s why Ajit Tripath, director of PWC’s advanced risk and compliance analytics practice, calls the block chain a megatrend in a blog recently posted on finextra.com. He says the only way out of the digital disruption of government that is presently occurring is the “digitization of government.” He predicts […]
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