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How Central Bankers Are Reshaping the Definition of Money

Central bankers acknowledge that the nature of money evolves with technology, shifting definitions of money with it. But they’re not ready to let innovation occur organically as technology emerges. They want to maintain control.

The headquarters of the Bank for International Settlements (BIS) in Basel (Gianluca Colla/Getty Images).
The headquarters of the Bank for International Settlements (BIS) in Basel (Gianluca Colla/Getty Images).