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?
Maybe it's not ridiculous, and surely most people will not understand the problem, but when there is a central bank issuing a crypto, this is no longer a crypto but a normal electronic currency. It would mean the death of the crypto.