A few countries and central banks have been talking about “digital currency”, and most of them are carefully ignoring the term “crypto”. Fact is- digital currency is not the same as cryptocurrency. These countries/central banks are recognizing the benefits of the digital currency features of cryptocurrency, but they don’t want any of the decentralized uncertainties that come with blockchain-based currencies.
Will countries or central banks create their own cryptocurrency?
Isn't this contradicting the very essence of DECENTRALIZATION as it makes up the 70% meaning of CRYPTOCURRENCY? I mean, if someone is governing something then that is CENTRALIZATION.
The complete opposite of DECENTRALIZATION right? For that, if a country makes its own cryptocurrency, it will be similar to bitconnect or any other centralized organizations here as well.
Plus the fluctuations in the market of crypto can totally ruin investments don't you think? Especially at the start of 2018 where all newbies who invested in crypto in December 2017 said hi to big losses all of a sudden.
Yes there are banks nowadays participating in the exchange of crypto and fiat money. These banks had already adapted the cryptocurrency and their job is that to get a transaction fee on the process of exchange. The likes of this bank will surely get a good profit and for sure many will follow also as to make a competitions regaring with the exchange of crypto to fiat money.
But that doesn't mean they want to create their own.
Even in my own country, the banks here just want the Decentralized apps for example the Ethereum Blockchain offers. ^_^
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