COVID19 pandemic hits as banking activity was already slowing down. In February the growth rate of banking intermediation kept the downward trend exhibited during the second half of 2019 as a result of the stalling economy.
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The issue of cryptocurrencies such as bitcoin and ether, among many others, has been increasing in recent years. Their use has been driven by the wish to use a decentralised currency that is not controlled by a central bank. Paradoxically, the technological development that made it popular is also within reach of the author…