Post
Topic
Board Economics
Re: Central Bank of Crypto-Currency
by
yusupjatigumilar
on 22/10/2018, 03:53:00 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
it is not a ridiculous thing to make a central bank crypto currency, this has happened a lot in countries like Africa and Germany and in some other countries, of course this is a good thing because it will attract investors to buy crypto currencies and of course it will make crypto currencies become more expensive and more potentially profitable if chosen as an investment commodity