Post
Topic
Board Economics
Re: Venezuela Wants to Launch a Central Bank for Cryptocurrencies
by
KingScorpio
on 16/08/2018, 03:07:20 UTC
After the blockchain-based Crypto Petro Dollar, the Venezuelan government probably has a new idea to get foreign currency into the country. It wants to set up and build up a central bank for cryptocurrencies. Another crazy idea or does the idea have potential?

For more details read this article on CCN.

i dont think cryptocurrencies should have a physical central bank, lots of abuse and centralisation can happen there.

in the end they want to obtain the power to legalise illegalise currencies, like the federal reserve in the usa does.

regards