To me there are positive news for the cryptocurrencies market and that is to say that government of India has seen positive things in cryptocurrencies and the only problem I have seeing there is if governments can tax cryptocurrencies earning they will definitely like to used it.
Is that really a positive news for the cryptocurrency markets? All I see is same old story of liking the blockchain technology, but hating Bitcoin and it looks like the Federal Reserve bank of India are about to add a more dangerous twist to the ugly situation by setting boundaries for their proposed coin. 
Topic: Central Bank of Crypto-Currency - page 4. (Read 2515 times)
Blockchain technology is used for crypto currency and there is no need to a central authority. Establishing a central bank is not reasonable. It means that governments will have control on crypto currency and they can manipulate prices for their own benefit. Also, they can easily implement some regulations like international taxing.
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
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
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.
I do not quite understand the meaning of the name "Decentralized Bank". Cryptocurrency in your pocket is a Bank
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
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.
Here I see that there will be two effects of a crypto currency bank, first it will have a positive impact on crypto currencies, because with the existence of crypto currency banks the public trust in crypto currencies will increase and this will make the arrival of new investors of course will make supply and demand move and make prices tend to go up, secondly it will have a negative impact because there will be hoax news issued by certain people to get the benefits from it.
Well yes and no. Good news because a country that placed themselves in the ban column of crypto currency would then open up again and make a crypto currency which is backed by a local Fiat currency. Bad news because they're now trying to control crypto currency with a Crypto currency of their own which they could control.
I think this is a good news for crypto because the country will start to give permission to crypto, but if a crypto central bank is formed, the decentralized essence of crypto will be lost
This will provide a big scale evaluation or evaluation of cryptocurrency on a macro or aggregate level and its effects on the international trade and the imports if the foreign receipts are paid in cryptocurrency. The world has not yet observed such a game of shift from the fiat to crypto system. Venezuela is already passing through the financial crisis and this attempt to introduce a central bank of cryptocurrency to digitalis their entire economy might result in either a boom or a complete collapse of the country. The country is rich with oil resources and it could have managed its economy by developing this sector. Speculation about the output of this step might lead into an uncertain result.
Of course it will be a positive news in favor of Crypto world in which the bank and the crypro are working together towards prosperity. The best news regarding banking system supporting crypto currency is JP Morgan in which they will fully adapt Bitcoin and the blockchain technology therefore with these development the future of Crypto currency is more secured.
This is not about the bank and crypto working together, this is about the government trying to see how they can gain control of the space as much as possible. However, this is a decentralized space and unless they want to start bringing up their own centralized currency, a decentralized space naturally removes a third party and that makes it easy for anyone to control the way they spend irrespective of the banks involved. Banks can decide to come in whichever way they like to be able to adapt to the space.we don't need a central bank for cryptocurrency, this is not going to happen even government will take over in this market because for sure no one will invest. This market is created and meant to be decentralized, its ok to have some regulations but never to control by any government. Crypto central bank is just a dream for every government, we should not support it.
Asides from not needing it, it is not even necessary at all. We are talking about decentralization here, and there is no way having a central bank for the whole cryptocurrency can work unless they just are not getting the picture yet.Yeah, banks will adopt the technology, they will create their own coin which will be centralized as there is no doubt or two ways about that, and for that reason, it will still not be different from the fiat we already have in play, except that there would be some level of transparency which is what the technology brings.
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
that's the truth. We should know that blockchain technology is very useful and it is helping many businesses to do better. The bank is gradually trying to apply this technology to make every transaction faster and more convenient.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
Over time, it has always been believed that the banks will definitely find a way to adapt to the space and be able to find a way they can at least take advantage of the benefit that the technology brings not just for the banks, but at least, the whole country as a whole.
However, this does not change the fact that the banks will always want to be in control, and hence, the whole idea of trying to come up with some central bank for cryptocurrency is B.S., which can simply work with only whatever they create anyway.
there are two possibilities of the acceptance of crypto in a country, the first is that the government sees the potential for transaction efficiency through the features provided by the blockchain, while the second is that the government sees a large tax potential against crypto
I think this is a good news for crypto because the country will start to give permission to crypto, but if a crypto central bank is formed, the decentralized essence of crypto will be lost
Honestly the establishment of Central bank of Cryptocurrency is going to hamper or mar the progress of the currency because there will be so much critical decisions that will taken on certain aspects that will be in form of regulations knowingly that Cryptos is decentralized is going to spell dooom for cryptos and could be the end of the digital currency.
A big NO-NO! Crypto currencies were meant to be decentralized. What do you think is going to happen when there is a "central" bank. You think it will still remain decentralized? You think we will still retain our financial freedom? You really think the government won't be using it for their own advantage and to dominate its people? Tons of more questions to ask. Just try answering them and you will understand why it is the worst idea to introduce central banking system for crypto currencies.
That's true, we don't need a central bank for cryptocurrency, this is not going to happen even government will take over in this market because for sure no one will invest. This market is created and meant to be decentralized, its ok to have some regulations but never to control by any government. Crypto central bank is just a dream for every government, we should not support it. 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
that's the truth. We should know that blockchain technology is very useful and it is helping many businesses to do better. The bank is gradually trying to apply this technology to make every transaction faster and more convenient. 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
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
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
Of course it will be a positive news in favor of Crypto world in which the bank and the crypro are working together towards prosperity. The best news regarding banking system supporting crypto currency is JP Morgan in which they will fully adapt Bitcoin and the blockchain technology therefore with these development the future of Crypto currency is more secured.
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
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
A good nesd for the users around the globe. Since.many people.are using the bitcoin it is good to have banks that will make our transaction faster and convenient it must be build on many countries aince there are many users around world.
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
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 can be have positive and negative effects on the cryptocurrency users. First cryptocurrency is an exchange, which gives the users equal powers. Unlike with banks the rich become richer while the poor become poorer. On the other hand a standard regulation with cryptocurrency is good to avoid scams. It also can attract more business investor to invest with cryptocurrency.
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
That really is the good news for cryptocurrency. This is a sign that crypto is useful for businesses around the world. In the near future, it will be widely used soon in the world and market capitalization will increase significantly.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
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
That really is the good news for cryptocurrency. This is a sign that crypto is useful for businesses around the world. In the near future, it will be widely used soon in the world and market capitalization will increase significantly. 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
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