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Afonos
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August 15, 2018, 01:59:26 PM
 #21

The financial crises cause must be investigated before proposing cryptocurrency as a solution to the problem the only thing crypto can do is regulate the practice of the bitcoin base in supply and demand which is something that the central banks do not abide by gene crypto may not be the best of solutions
I think that is impossible because the central bank is "allergic" to cryptocurrency, they are anonymous, decentralized, P2P transactions. Then where is the role of the central bank, because cryptocurrencies cannot be intervened even though prices rise / fall sharply?

This is clearly a crucial problem if the central bank wants to use crypto money to overcome the financial crisis. Crypto money owners like owning a bank that cannot be regulated by the central bank because it is decentralized.
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August 15, 2018, 02:02:34 PM
 #22

I really hope they will do something like that. New money into the crypto markets means more volumes and higher values.
We have to wait few weeks and see what will happens, but I'm pretty sure banks will join this world soon. I also believe crypto system will help a lot banks to make new investments.
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August 15, 2018, 02:18:26 PM
 #23

I think this can be possible considering the transparent nature of cryptocurrency transactions.
fauzan Ichsan
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August 15, 2018, 02:38:12 PM
 #24

I really hope they will do something like that. New money into the crypto markets means more volumes and higher values.
We have to wait few weeks and see what will happens, but I'm pretty sure banks will join this world soon. I also believe crypto system will help a lot banks to make new investments.
to make it happen, government must legalize cryptocurrency, then bank will follow it. until now government is still looking for the right policy for all of that. hopefully the policy will be reached soon and bank can join

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September 14, 2018, 08:11:13 AM
 #25

The central bank won’t just give or at least share its power, especially to its rivals, even though they’re underdogs. Even if the central bank must use digital currency, surely they will release its own crypto coin, this can prevent from losing power of the country's economy.

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September 14, 2018, 08:38:03 AM
 #26

The central bank won’t just give or at least share its power, especially to its rivals, even though they’re underdogs. Even if the central bank must use digital currency, surely they will release its own crypto coin, this can prevent from losing power of the country's economy.

i don't think that's necessarily true. central banks hold lots of gold reserves as a safe haven and hedge against dollar weakness. why couldn't BTC do the same thing? like gold, it's a decentralized store-of-value asset, and it's better than gold since it's portable, transferable and the supply is known/predictable.

central banks holding BTC as a hedge ≠ replacing their fiat currency with BTC. i don't see any fiat currencies being replaced anytime soon.

EddyGameta
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September 14, 2018, 08:51:15 AM
 #27

If the banks have to intersect with crypto, they will make their own cryptocoin. But it’s still far from reality, they would prefer to digitize FIAT along with its transactions, so they will save more operational costs.

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