Post
Topic
Board Economics
Re: Central Bank of Crypto-Currency
by
Eadefemi
on 08/11/2018, 13:11:14 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
You can't purchase or buy bitcoin, but you can use bitcoin. Logic goals.

A central bank of crypto,its ridiculous. It has bank in its name, how can it be good? Oh god, we are seeing countries making absolutely worse decisions, and its hypocrisy that's evolving here.

You have just  summed it all up. Besides, the interest of  the regular bank in cryptocurrency is  highly suspicious. It could be  a means of trapping funds as in the case of XRP.,..

I don't see this as a cause for jubilation either  ways