[2017-02-21] BoC: Digital Currencies Will not Survive without Regulation

[jholmes91]

The Bank of Canada (BoC) released a paper in February 2017, explicitly stating digital currencies will not be able to survive in the future without government involvement. Researchers from the BoC examined the viability of digital currency for the years ahead. The researchers used previous examples of the Canadian National Currency notes as the starting point for the study...


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https://btcmanager.com/boc-digital-currencies-will-not-survive-without-regulation/

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[1715599731]

1715599731

[aigeezer]

Bureaucrats do what bureaucrats do: "The conclusions formed regarding regulation should, in turn, lead to a new study to understand what is the optimal set of rules to be applied to digital currencies. So, in a few months, we should see a new team of experts being appointed to appreciate the first proposals."

For everyone else, there's Crypto.

tl/dr: Central bank concludes that central bank intervention is essential to the success of Crypto.

I'll take the other side of that bet.         

[Papa Bear]

can always put its digital currency into circulation without necessarily putting the existing digital currencies out of order. The final point of view mentions that the current use of public and private means of exchange should be regulated to protect the consumer.

[C0RE]

that's true, with regulations or without but all 'digital currencies' all altcoins will not survive. Eventually Bitcoin kills all digital currencies, all alts and fiats.