While digital currency has the potential over the long term to disrupt the global payments system, it is the innovative digital ledger technology (DLT) underlying digital currency that has recently gained attention for its potential to enhance the systems used for the settlement of financial transactions. DLT could benefit financial markets by reducing the time and cost of settling financial transactions, but proponents must show that DLT is consistent with global regulatory standards.
Reproduced with permission from BNA’s Banking Report, Vol. 106, No. 25, 06/20/2016. Copyright 2016 by The Bureau of National Affairs, Inc. (800-372-1033) http://www.bna.com