Report: The central bank can provide digital currency digitalization, but the crypto will change very much

Report: The central bank can provide digital currency digitalization, but the crypto will change very much
фото показано с : bitcoints.com

2018-6-28 09:01

Economic researchers at the Kiel Institute for the World Economy have identified digital currencies issued by a central bank as an opportunity for a more stable financial system, while at the same time rejecting cryptocurrencies, Cointelegraph auf Deutsch reports today, June 27.
According to the report, cryptocurrencies do not constitute a viable alternative to traditional central bank currencies: “Currently,  cryptocurrencies  such as Bitcoin could not supplant traditional currencies  to any significant degree.
Since they were not based on a fixed value, they could not be valued rationally.
This would lead to strong price fluctuations, which in turn would attract more speculators.
Even the governor of the Bank of England, which is considered a heavyweight in the international monetary system, said he was open to the idea of a central bank digital currency.

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