If we think about Venezuela’s market condition I mean economy system then it is not suitable at this moment based on this it will be very hard to achieve such types of things.
Topic: NEWS Venezuela plans to create a cryptocurrency Central Bank - page 5. (Read 2134 times)
Actually right now Venezuela is facing really tough time based on economy and this will be very tough to achieve such types of things.
NOBODY would buy or use a Venezuela crypto currency just like NOBODY used the Bolivar or Petro.
The GOVERNMENT stole the people's money there.
They buy bitcoin because it is decentralized and won't trust that government to create another currency.
The GOVERNMENT stole the people's money there.
They buy bitcoin because it is decentralized and won't trust that government to create another currency.
Really? I do not think that's possible! Venezuela suffers from crisis and inflation, to buy coffee will require a bag of money. If they are even capable of such a crypto will not be of interest to anyone.
This is a great news again to the crypto lovers. Another country has opened cryptocurrency and we need this amass investors around the world which secure also their investment. This cryptocurrency central bank should also be opened from other countries as well and i it will do good on those crypto lovers who like to store their crypto in a secure way.
Given the level of inflation bolivar in the country, I can not imagine what could save their economy. I hope the active implementation of crypto currency will save their economy and give impetus to the development of this approach throughout the world.
That's a great news for our crypto enthusiast friends in Venezuela, as it may help them make their bitcoin transaction so eqsy with the use of banks. And everyone is hoping this type of good news to every place that people makes their life easy by paying transactions of bitcoins through banks. And by this, bitcoin may be lead to popularity and known to some other country that they may accept bitcoin as a legal thing.
If Venezuela makes such a crypto central bank, then it will be a good news for the public. If they do this then Venezuela will be financially secure. Hope the investors will benefit.
It will do good if you can add the source of news like this. But Venezuela economy is struggling and for them to aim at creating cryptocurrency is a bad move since they need to concentrate on their failed economy.
I don't think it will be a good idea. Cryptocurrency promotes decentralization as based on Blockchain technology. How can a cryptocurrency be centralized, it makes a contradictory position. crypto is not for control but to make the world economy freer.
This will be a very interesting development. If the world powers do not want this Venezuala is going to be attacked. If they are not attacked and this is allowed to continue then watch closely as the powers that be are releasing their first government coin.
this is a good plan, the Venezuelan government always makes crypto users feel happy, Venezuela dominates to use crypto, public enthusiasm for the crypto world there is huge.
so Venezuela became the fourth country to have the largest crypto trading volume after USA, Russia, and England.
so Venezuela became the fourth country to have the largest crypto trading volume after USA, Russia, and England.
Central Bank to interfere? No way! Venezuela has some reputation on bank frauds, how can they be sure that the same won't happen to cryptocurrency once the bank starts regulating it. I don't think this is a good idea.
wow, this is a very good development, and I hope this information can influence the market and make the market a little better.
Venezuela will be able to become an advanced country with crypto, they seriously want to create crypto transactions, they are serious want to bring crypto to the global market.
Venezuela will be able to become an advanced country with crypto, they seriously want to create crypto transactions, they are serious want to bring crypto to the global market.
I think this news has positive and negative effects
Positif effects is cryptocurrensy will be increasingly known so cryptocurrensy will be increasingly known, make it easier to trade crypto and fiat in that country and many more positif effects
Negatif effects, i just worry crypto will be centralized, means bank control it. this is a very bad effect in my opinion
Positif effects is cryptocurrensy will be increasingly known so cryptocurrensy will be increasingly known, make it easier to trade crypto and fiat in that country and many more positif effects
Negatif effects, i just worry crypto will be centralized, means bank control it. this is a very bad effect in my opinion
They see bitcoin as their saviour when there economy is really down. Venezuela is just thinking of any plan that may help their economy grow. But going this far, I do not see it will have a great impact to their economy. Well, that's just my opinion since crypto fluctuates.
However, seeing how people in their countru are suffering because of their economic crisis, making the Venezuela into chaos but let us just support them all the way with their plan. Giving them a big hope if this crypto bank will succeed.
However, seeing how people in their countru are suffering because of their economic crisis, making the Venezuela into chaos but let us just support them all the way with their plan. Giving them a big hope if this crypto bank will succeed.
The idea is good but the problem is elsewhere. People there are suffering. Crypto can help for sure,but now they need real goods such as bread, meat and healthcare. Another currency will not save the situation. Indeed, the country has big debts and it is better to satisfy the creditors. The country needs massive reforms. Politicians need to work with the population and to listen to people. They just want a decent life. A cryptocurrency Central Bank is great. It is even innovative. But again, the real needs now are food and healthcare.
Yeah, but this test would be void if the dummy is already blown apart at a molecular level.
Maybe they were already observing Venezuelan economy silently long before it was blown apart. If they are then this test would not be void since they have already gathered a lot of useful data.The conspiracy theory proposed was saying that they would experiment on how a crypto would influence a falling country. So based on that, the experiment is void if the country is blown apart before you manage to introduce a cryptocurrency
No, not necessarily. The crypto could be introduced either before, during or after the crisis, but that's not the point. The point is how people react to the crypto, and how willing or hesitant they are to adopt it. It's perception management.
Sure, they could just digitize a currency and try the same thing. But the difference between a digital currency and a crypto comes back to again the perception of the people. No one trusts the government nor the bank right now in Venezuela so they need an alternative. Establish an alternative the operates on the same level as bitcoin (at least to the layman) and they'll abandon the one that doesn't have a government guarantee.
Lmao what the hell is going on with Venezuela? Petro isn't even accessible to most of their citizens, with minimum purchase prices set at 50 euros for crypto transactions and 1000 euros for bank transfers. They can't even be bought with Bolivars ffs lol. Now they're basically printing that?
Wasn't that the ICO requirement?
I heard they are going to install a few thousand paypoints where you can purchase this coin.
Their people don't deserve this.
Well, Maduro won the election, right?
Those suffering now are the same ones that were cheering Chaves's economic and social revolution.
Lmao what the hell is going on with Venezuela? Petro isn't even accessible to most of their citizens, with minimum purchase prices set at 50 euros for crypto transactions and 1000 euros for bank transfers. They can't even be bought with Bolivars ffs lol. Now they're basically printing that?
I'm not opposing any plans for a crypto central bank, but all this will be is a failed precedent. It may even shine a bad light on crypto. I do hope something works though. Their people don't deserve this.
I'm not opposing any plans for a crypto central bank, but all this will be is a failed precedent. It may even shine a bad light on crypto. I do hope something works though. Their people don't deserve this.
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