You can not win, lead: the Central Bank can create his own cryptocurrency
Source:
Currently, the cryptocurrency is considered a serious threat to banks. They can just put them out of business. Dong Hae, Deputy Director of the Department of foreign exchange markets the International Monetary Fund, insisted on the need to prevent such a scenario.
theThat threatens banks
In his article «Scriptactive may one day reduce the demand for Central Bank money» Dong Ho claims that 20 years ago, economists feared that the Internet will make the banking system obsolete. While these predictions have not come true, but the growing popularity of cryptocurrency resumed the discussion. «one day they will provide an alternative means of payment», says Ho. We know that for some this day has come.
Deputy Director of the Department of foreign exchange markets the International Monetary Fund is confident that it is time to reconsider the effectiveness of monetary policy without Central Bank money. The demand for Fiat money and Central Bank money may significantly fall. If the proliferation of cryptocurrencies will be wide enough, banks will lose the ability to influence the economy through tactics such as managing interest rates.
theCentralized decentralization
And one way out. According to Khe, the Central banks must join the fight and release the digital money as a Supplement to Bank reserves and physical cash. In other words, he proposes to create a decentralized currency Central banks. Not like what we all look forward to, but many agree with him. In February the head of the IMF Christine Lagarde that the regulators will require technology to «the reflection of the fire».
Recommended
the long-awaited summer. Niche cryptocurrency supported the event and gave unusually hot week. During the last seven days, we learned about the new line of graphics cards from AMD, the mining in TON and hard forks . In addition dealt with the profita...
Co-owner Bitcoin.org Coinbase Pro ridiculed and called a stock exchange Scam
co-Owner Bitcoin.org and most popular forum about cryptocurrency Bitcointalk.org Cobra called Coinbase Scam Pro trading platform American crypto currency exchange Coinbase. In his tweet he wrote «if you read Coinbase Pro backwards, get the word ...
The Ethereum is a cryptocurrency Scam. A new report Chainalysis
When people learned how to create a new cryptocurrency and began to build their infrastructure like marketplaces, in the field began to appear and fraud. According to blockchain auditor Chainalysis for the past two years, fraud in the ecosystem has s...
Related News
Customers complain of problems with Antminer B3. What's wrong?
Under a barrage of criticism came last ASIC Antminer B3. Chinese customers complain about inaccurate information in the advertising of goods and poor service quality control Bitmain. Recall that the issued equipment is designed sp...
The end of may: the highest growth and the most rapid fall of cryptocurrency
outside the window already not may. Many sighed with relief, because the month was not very easy for the holders of the cryptocurrency. The most popular coins were showing terrifying fluctuations. Thanks coincodex of the top 50 co...
It's about time: the Estonian company has filed a lawsuit against Pavel Durov
a Successful ICO Telegram attracted to the company a lot of attention, and it's not only the investors but also fraudsters. Latest fake sites and tried to make money by selling tokens. Piece of cake now wanted of the company Pavel...
Mastercard will implement the blockchain in their loyalty program
In mid-April payment system Mastercard to hire 175 developers, among whom were specialists in a distributed registry. New employees will create a more efficient payment solutions, including on the basis of the blockchain. A month ...
India refused to buy the national cryptocurrency of Venezuela, despite substantial discount
the Government of India rejected the proposal of Venezuela to use their cryptocurrency, reports . Despite the tempting discount of 30 per cent of the Indian authorities refuse to trade, backed by Petro. the El Petro Cryptocurrency...
What if I know nothing about Bitcoin and don't want to understand?
People know absolutely nothing about Bitcoin and don't want to know. For many years it was debunked many myths, misunderstandings and lies that surrounded Bitcoin, but still have people completely ignorant, who openly admit in the...
Japanese gamers will receive a reward in bitcoin
the Japanese gaming Corporation GMO Internet Inc. announced the integration of the application on the blockchain in their services, reports . The program CryptoChips will reward players for achievements and new records. the a Rewa...
The power of the blockchain: a startup Block.one attracted more than $ 4 billion of investments
the Project Block.one gathered about four billion dollars during the ICO, said . This success eclipsed even the most popular public offering of shares on the traditional markets. At the same time Block.one still no working product...
The Australian airport has started to accept Bitcoin and Ether
In January last year, the Australian Brisbane airport announced the intention to rebuild the entire infrastructure for receiving Bitcoin. It took a year and a half now all the outlets and racks of additional services take the Ethe...
Venezuelan authorities have banned the import of equipment for mining
One of the cheapest countries for mining toughens conditions for mining cryptocurrency. The Venezuelan government issued a decree that prohibits the import into the territory of some types of graphics cards and ASIC miners. It is ...
We continue to publish monthly reports on the work of the mining-pool 2Miners. Someone missed — see also . May 2Miners proved to be difficult. We made a lot of tasks related to the development of a new design, ensuring smooth runn...
As Bitcoin futures affect the price of the first cryptocurrencies. Explanation Analytics
At the end of April, the volume of futures trading on Bitcoin record level exchanges CBOE and CME traders the day I bought 19 and 11 thousand contracts. Representatives of trading platforms then stated that a possible reason for t...
The founder of Pantera Capital Dan Morad: now is the time to buy Bitcoin
In late April, venture investor and founder of hedge Fund Pantera Capital Dan Marched that in the near future, the total capitalization of the stock market can grow to 40 trillion dollars. According to Moreda, the fair market valu...
18-year-old genius builds a mining-farm on solar energy in Spain
Alex Startu 18 years. Like many 18-year-old, at the moment he passes his exams. From most it is distinguished by the fact that he has already created one startup. Besides, at the moment, Alex was assigned to company which will cre...
India will fight spam by using the blockchain
the telecoms Regulator of India (TRAI) is planning to use the blockchain to track and block spam, according to . The purpose of TRAI will be a 10-digit telephone numbers that are used by spammers for unauthorized advertising. the ...
Who is Satoshi Nakamoto, and what he
Even ten years after the appearance of the first traces in the world of cryptocurrency about the author of this idea know very little. There was a lot of speculation, but a final conclusion, no one came. All we can be satisfied to...
Our school: breaking into the Bank hackers demand ransom in bitcoin
Criminals have access to personal data of thousands of customers of two canadian banks, according to . Hackers threaten to publish the confidential information unless they receive a ransom equivalent to one million dollars. A spec...
As there is no need to hardforce. Example Electroneum
on Tuesday, hardwork Ethereum Classic. The developers have successfully eliminated the "bomb of complexity" and the network has become safer due to the growth of total Hasrat. In addition, the reduced time unit, so that the miners...
For Litecoin you can now book a private jet
Platform TapJets added cryptocurrency Litecoin for payment for their services, reports . Now with LTC customers can instantly book private flights directly from your smartphone. the Litecoin in exchange for a comfortable flight Di...
the stickers in Telegram — a real find. They lift your spirits, save time, and often help to end the senseless dialogues. Well, if the images are associated with cryptocurrencies, the person will immediately understand your level ...
Comments (0)
This article has no comment, be the first!