if central bank release cryptocurrency, any effect on current market?

[audrey12]

Well I don't think the current market will be much affected by this because having a certain currency for central banks doesn't mean all other coins especially bitcoin will going to die or lose their markets because surely people will still continue to support bitcoin also I don't think central banks will ever create a coin as valuable and keeps appreciating like bitcoin surely they will set a limit on its price so they can have full control over it

[nl247]

There seems a sign that central bank are currently interested in the blockchain. So what will be the effect on current cryptocurrency if central bank release their own coins? will it be a good news?  

As far as I am concerned, there won't be any effect at all on the existing crypto market. We do not have only one central bank in the world, so at the end of the day, each country may only end up having their own currency on the blockchain and it would end up just as any other altcoin in the market, except that it is centralized but cannot be forced on anyone and who will care about holding the coin anyway, except for just trading purposes.

[nastaverba]

Blockchain and cryptocurrencies (well, most of them) mean, before anything else, decentralization.
So, a CENTRAL bank releasing a CRYPTOcurency makes me laugh
If this happens, I don't think anyone will care except for those banks

[Desscount]

There seems a sign that central bank are currently interested in the blockchain. So what will be the effect on current cryptocurrency if central bank release their own coins? will it be a good news? 

yes I read some articles about many banks that will adopt blockchain. I have not tried to distantly distinguish this news, but if this is true. I think this is good news, because there will be many local banks in some countries that follow the same pattern. this is an innovation involving blockchain and bitcoin. maybe, in the future. bitcoin will be a universal part of our lives.

[Lemer]

Many central Banks are planning to roll out the country's  cryptocurrencies (using blockchains)
I think this is a good thing for the cryptocurrency market. On the one hand, the country can learn about the inflow and outflow of funds. On the other hand, it is easier for us to exchange the legal currency.

[cipher-x_09]

I am sure it would have a positive effect towards the cryptocurrency because most the people are having their doubts in their mind why they aren't investing on bitcoin, because they think it is some kind of a scam which is why they are being hesitant in putting their money on bitcoin. Wherein if the central bank fully supports many people will be able to clear their doubts and hesitation in their mind because in a way they will sense it is something legal and accepted by our government.

[Brik03]

If central bank release cryptocurrency  they will tax to the impossibility every single transaction. But in general we could speed the economy.

[Azzhan]

I think that might not be a good news.
Because central Banks have their own encryption currency, so they don't need a encryption currency market, so they also may be banned encryption currency trading, because it may be suspected of money laundering.

[awawo]

What determine the success of Amy market is the demands for such commodity, if the central bank introduce a new cryptocurrency into the system then it success will depend on the demands from the people. If the government make it as a compulsory crypto on the people then it may affect the present market if not bitcoin will still strike high because bitcoin and other popular cryptocurrencies have already gain they market value.

[Dread Pirate Roberts]

I think it differs considerably with the concept of blockchain. blockchain governs transparent finances without controlling government.
if there is a local bank that regulates in their possession it means to be responsible for all assets. if one day there are hackers who managed to rob all the bitcoin in the bank. I think that's a crutial problem for the bank.

[heureca]

There seems a sign that central bank are currently interested in the blockchain. So what will be the effect on current cryptocurrency if central bank release their own coins? will it be a good news? 

Several countries are intended to create own criptocurrency. I think it is not bad for criptocurrency market. It proves the importance of criptocurrency

[TravelMug]

There seems a sign that central bank are currently interested in the blockchain. So what will be the effect on current cryptocurrency if central bank release their own coins? will it be a good news? 

Cryptocurrency backed by government has never enjoyed support from their locals. Why? Because they tend to impose high taxes on it. Look at Russia's crypto rubble, as far as I can remember they are going to put 10-15% tax on it, logic dictates that you should not buy it, but stick to bitcoin or altcoins to get a better returns on your investment.

And no impact at all to the current market, I doubt that they will moves their funds around and shift to Central Bank coins. There are no money to be made there. Unless the government really impose everyone to go and buy the coins, I doubt that government back coins will really flourish as compare to bitcoin and the whole crypto for that matter.

[HasHe]

There seems a sign that central bank are currently interested in the blockchain. So what will be the effect on current cryptocurrency if central bank release their own coins? will it be a good news? 

Yes all the banks are interested in implying blockchain technology even if they consider bitcoin as their rival.Even some central banks have shown interest in issuing their own crypto coins.If they do so,it would be mostly bought and used by the already existing customers of banks and not by customers using crypto coins.We all know that such coins would be centralized unlike crypto coins which are decentralized.No one would be willing to come under the radar of taxing authorities and so it would not have any significant impact on the crypto market.

[johnlhy251]

central banks have already released a currency, that is called fiat. then they released a digital currency, which is their banking systems, cards,... making the same thing using cryptography and blockchain technology doesn't make any difference. it is the same thing using some different underlying technology.

so no it has no effect on bitcoin and any other altcoin that is not centralized.

yeah! this is the best defenition i read.. thank you

[londoireng]

I dont think it will do some huge damage to market price, i mean if they really launch ICO and barrely can sell their coin at that time, they would make any big different. cause you see almost everyday new coin born with billion of marketcap or something.

[derago21]

If they chime in, It will increase the cost of all the crypto. Big Profits for all the crypto traders

[Lancusters]

I don't think it's a good idea. The popularity of the cryptocurrency due to the fact that people totally do not trust the government and banks that are part of the existing financial system. What will be different cryptocurrency which would release banks from Fiat? Nothing. So I think that any impact on the market of public cryptocurrencies to be able to.

[Notcalculator]

There seems a sign that central bank are currently interested in the blockchain. So what will be the effect on current cryptocurrency if central bank release their own coins? will it be a good news? 

I dont think their interest stems from wanting their own crypto currency. Blockchain has so many applications. BTC is just the beginning of it. It successfully proved to many that the blockchain technology works and people are just beginning to understand all the possible application it has. For instance, blockchain could significantly boost their security. They'll basically be protected from data lost. Plus i dont think they'll be willing to shift to crypto because it's a threat to their existence. What makes them powerful is that they're centralized and they have all the control. Why would they give away that control?

[fachant]

I don't think it's a good idea. The popularity of the cryptocurrency due to the fact that people totally do not trust the government and banks that are part of the existing financial system. What will be different cryptocurrency which would release banks from Fiat? Nothing. So I think that any impact on the market of public cryptocurrencies to be able to.

Right. The basis of cryptocurrencies is decentralization and anonymity. If the bank releases its own currency, will it have total control over its blockchain?

[Jemzx00]

There seems a sign that central bank are currently interested in the blockchain. So what will be the effect on current cryptocurrency if central bank release their own coins? will it be a good news? 

Let's just say that this things is likely to happen, central bank's crypto will just be like some other crpytos in the market right now. We can never truly say that it will be the one who'll get total control of the block chain. Just like other cryptos, its success depends on how its campaign goes and the amount of investors they attract. But the budget of the said crypto will be its advantage among others because it has the fund of the central bank that will support them.