NewsEconomicsThe challenge between national digital currencies and crypto will...

The challenge between national digital currencies and crypto will do both of them good


Central banks have long started accelerating programs on the front of national digital currencies, to stem the success of cryptocurrencies such as bitcoin and occupy the space that decentralized currency is now taking. The contrast between centralization and decentralization is especially heated in countries such as China that are very advanced in the realization of their CBDC: the People’s Bank of China has repeatedly intervened aggressively on the activities of virtual currencies and the Government has also heavily opposed mining. of the cryptocurrencies that previously thrived in the country. The life span also caused bitcoin’s value to collapse by nearly $ 300 billion, before the current and vigorous rise. But the PBoC is not the only institution opposing crypto. Most other central banks are following the same path: from the Bank of England to the Bank of Russia, the US Federal Reserve and the Bank of Japan on the one hand are active in limiting their spread, on the other they remain vigilant by aiming for introduction of its own Central Bank Digital Currencies. British Chancellor Rishi Sunak, for example, recently launched the idea of ​​a Britcoin, a digital currency similar to Bitcoin, controlled and made stable by the Bank of England. Sunak called it the greatest upheaval in the history of money: the britcoin would have the purpose of bringing a series of benefits to citizens and small and medium-sized businesses. In fact, it would eliminate the costs of banking operations and cut the time for the transfer of money in the banking system. However, critics warn that a digital version of the pound could lead to greater financial instability, making it more difficult for the Bank to regulate the economy with monetary policies such as setting interest rates. it has so far been perceived as an out-out mechanism: the more space national digital currencies take, the more they will take away from bitcoin and brothers. But, now, experts believe that more competition between the two sides can actually provide an overall boost to the whole system. On Forbes, Sean Stein Smith, a professor of economics at Lehman College in New York, explained that there is no reason to believe that CBDCs will make bitcoin obsolete. The nationalistic drive, in fact, could prove to be an asset for traditional cryptocurrencies: bitcoin, in the end, “will become stronger than before”.


  1. Download Shpat Deda – Rrugës Album Mp3 Zip
    Download Various Artists – Vain elämää kausi 11 – Joulukattaus Album Mp3 Zip
    Download Kai Strauss – In My Prime Album Mp3 Zip
    Download Verschiedene Interpreten – Hardstyle Summer 2020.2 Album Mp3 Zip
    Download ♥ GOJII ♥ – All My Heart Album Mp3 Zip
    Download Derek Swain – Better Days Album Mp3 Zip
    Download Lascar – Distant Imaginary Oceans Album Mp3 Zip
    Download Gerald McClendon – Can’t Nobody Stop Me Now Album Mp3 Zip
    Download Night Sea – Still Album Mp3 Zip
    Download Edward Maya – Nymphs (Svarga Loka, Vol.6) Album Mp3 Zip
    Download Varios Artistas – Best of Desperate Records, Vol. 1 – Real Gone Rock&Roll Stompers Album Mp3 Zip
    Download Gianni Brezzo – New Magic Album Mp3 Zip
    Download Alba Griot Ensemble – The Darkness Between the Leaves Album Mp3 Zip
    Download The Smokin’ Coconuts – – – EP Album Mp3 Zip
    Download Cheri Magill – Tour Guide Album Mp3 Zip
    Download Richard Ruane & Beth Duquette – Notch Road Album Mp3 Zip
    Download Shirley Horn – Shirley Horn With Friends Album Mp3 Zip
    Download Derek Myers – Reign Freedom – EP Album Mp3 Zip
    Download Wolfgang Tillmans – Source (Roman Flügel Remixes & Original) Album Mp3 Zip
    Download Jacob Jeffries – Mother Land Album Mp3 Zip
    Download SPNCR – In This Moment (feat. Lorde Sanctus) Album Mp3 Zip
    Download Various Artists – Vibe Presents: Urban Asia, Vol. 1 Album Mp3 Zip
    Download Nash Brothers – Nash Brothers – EP Album Mp3 Zip
    Download Tom Hades – Stability – EP Album Mp3 Zip
    Download Paces Lift & Ben Bounce – Tropikoro Album Mp3 Zip

Comments are closed.

Latest news

CARLO ANCELOTTI acknowledged the lack of a substitute for KARIM BENZEMA in Madrid | Super Cup – ESPN Deportes

CARLO ANCELOTTI acknowledged the lack of a substitute for KARIM BENZEMA in Madrid | ESPN Deportes Super CupAncelotti...

Born, Biden signs Sweden and Finland accession ratification

American President Joe Biden today signed the ratification document of the accession of Sweden and Finland to NATO, after...

Do you think you know how to eat well? A study in Colombia shows 6 errors of perception that cost your health and...

The world wastes 2,500 million tons a year 0:51 (CNN Spanish) -- Do you think you eat enough variety?...

Chinese researchers identify a new zoonotic virus with 35 confirmed infected – Levante-EMV

Scientists from China and Singapore have identified a new type of...

Brazilian Federal Police arrest 5 in connection with murders of British journalist and indigenous affairs expert

Who are those arrested for the murder of Dom Philips and Bruno Pereira 1:22 (CNN) -- Brazil's Federal Police...

You might also likeRELATED
Recommended to you