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RE: What does Cryptocurrency mean to central banks?

in #blockchain7 years ago

Informative and useful post! upvoted resteemed and follow you! I think that this time it is not what governments have in mind about e-currencies but rather what people -citizens- of these countries will do about... It is a very complicated analysis to study before we could say something concretely about the acceptance and the general use of e-currencies globally. For example, if China issues an official e-yuan even for only internal use this will have a tremendous impact on the global economy. It is almost sure that EU and USA will be obligated to issue their own e-euro and e-USD. If not, then they could be exposed to new monetary problems and maybe an internal price-crisis (price of goods and assets). But this scenario is just a hypothesis and cannot be verified at present time. Nevertheless, the real global monetary crisis shows the way leading the e-currency into pumps and dumps while statements and rumors about bans or stricter regulations generate the juicy speculative environment needed for the existence of the cryptomarkets. That said, it is quite obvious that States and Global Banks soon or late will adopt a new system of transactions, payments etc. The adoption of the blockchain technologies is one way to create a completely new global economy and we all live the time of this creation! Maybe next 5 years we buy and sell using e-wallets and different currencies ... Let's see what will be and take a position the best moment...
Thanks for reading my comment, have a nice day!

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Thanks, I have the same opinion as you. Have a nice day