Re: Central Bank of Crypto-Currency

Quote from: GymClassHeroes on August 30, 2018, 10:56:49 PM

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

I do not think that the Central Bank of cryptocurrency will be created.What will it look like, why do we need it and who will use the services of this Bank?More questions than answers.As for India and all other countries in General, I think in the near future, each country will create its own national cryptocurrencies that will be tied to Fiat money.I do not doubt it and this question is a matter of time.