WRITTEN BY, Daniel A. Medina
September 18, 2014
A central question in the Scottish independence campaign has centered on currency. The Bank of England has said repeatedly that an independent Scotland can not use the pound sterling, except for an 18-month emergency period following a yes vote.
No one has sorted out what currency Scotland would use after that period, but there’s been some speculation that digital currency bitcoin might be a good fit.
That idea may seem far-fetched, but it has been posited in at least one high-profile financial forum by the assistant governor of Australia’s central bank and in a publication by a British think tank.