Post
Topic
Board Economics
Re: Central Bank of Crypto-Currency
by
gambitcoin53
on 10/10/2018, 05:47:43 UTC
Creating a Central Bank of Crypto-currency may no longer sound ridiculous as we are now having a number of countries coming up with some sort of mass application of the technology, the latest is from India, which reportedly ban cryptos, but recent report states that they are considering having a Bank of crypto, Ruppies-backed, Central bank digital currencies CDDC.
Are these really positive news for the crypto-market?

https://cointelegraph.com/news/reserve-bank-of-india-confirms-it-is-looking-into-making-a-central-bank-digital-currency

banks are essentially being a centralized institution that regulates investments, obviously the opposite of bitcoin as a decentralized platform, and honestly, this kind of news will not be beneficial to crypto or bitcoin for that matter, but adapting the technology and create their own coin is worst, imagine a whole country will not use bitcoin but use their own coin, which is happening nowadays, more countries are creating their own ICO, different coin but same platform and technology. this will surely hurt bitcoin as a whole.