From: John Young <jya@pipeline.com>
Date: Mon, 18 Nov 1996 10:00:09 -0800 (PST)
To: cypherpunks@toad.com
Subject: BIS_sez
Message-ID: <1.5.4.32.19961118175738.006c97e0@pop.pipeline.com>
MIME-Version: 1.0
Content-Type: text/plain


   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