I have a question,
why dont cryptocurrency startups just start imitate the banks, i mean they publicly oath that they will fullfill certain regulations which 0.00001% of the population understand or read, (ever heard of Basel 1 Basel 2 Basel 3)? Or they publicly form in the internet a central bank, and promise halal style investment and certifications and so on. so people start trust into cryptocurrencies...
and then also come together and shape a central bank and standardise their currency to increase efficiency and understandability in the daily life?
are there any such projects currently under way? i once read that some folks want to create a central bank for cryptocurrencies.
https://www.bis.org/publ/qtrpdf/r_qt1709f.htm, on this website i have seen such an approach,
arent you affraid that someone will create this central bank for cryptocurrencies and then start imposing a financial inquisition on the current unregulated startups?
regards
scorpio
