Iran may soon issue its own cryptocurrency in a move aimed to bypass economic sanctions enacted by U.S. President Donald Trump.
While the thought may disappoint cypherpunks, the first step of a transition toward a true "money of the people" will be implemented by central banks.
Norges Bank has released a report suggesting it might one day launch a digital currency as citizens continue to turn away from physical money.
Fed governor Lael Brainard has said that cryptocurrencies do not pose a threat, and there is "no compelling need" for a Fed-issued digital currency.