Quote from: KingScorpio on August 16, 2018, 03:07:20 AM

Quote from: BitcoinArsenal on August 15, 2018, 05:29:39 PM

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

Do not know this information should be happy or sad. Do not understand what their intentions are for the market. Maybe this is an opportunity for everyone and also their chance. The purpose of taking over the whole market is quite possible. However, changing a pre-existing system is very difficult and not practical.