Central banks are responding to the growing popularity of stablecoins by the hasty advice, and work at your own currency. Imagine that Facebooks sign of scales yet, will be launched, then this could be the mother of all stablecoins, and it may be too late for central banks to take a piece of the action in the movies.
China is now in the final stages, and a lot of other countries are walking the same path. The European Central Bank, wrote in a warning that the cryptocurrency is in the form of stablecoins disruptive to financial stability.
A global think-tank
The latest news is that it’s a global think-tank OMFIF and the Digital Monetary Institute as it launches, providing a forum for the exchange of information with central banks. It is the primary object of his own cryptomunten, called CBDC’s.
Philip Middleton, president of the Digital Monetary Institute, explained in a podcast. He talked about the need for the establishment of CBDC’s, and what effect does it have on the globe:
The two major external events, one of which was the announcement of the release of the Balance of last summer. So, as a currency, and the private sector, which is a major global technology company, has been launched, is a direct threat to the central banks and financial stability. The second is the COVID-19.
The role of the private sector
The Uk’s central bank, was one of the first ones to have a discussion with them. The British called for a CBDC, and to underpin this with a variety of onderzoeksnota’s. They do not come true, but it is what she is, a CBDC, with or without the help of commercial banks will be launched. They suggest that it is very difficult for the commercial banks to the sidelines to be degraded. The big risk is that there is a happy medium will have to be found. Marriage:
I suspect that a lot of countries are experimenting with the type system, in which the central bank of that currency, provided, however, the private sector bederijven to ensure that the means of delivery of the goods. Indeed, the operators of the private sector in order to be able to operate, if you want to be on the track, which will be provided.
The central boss
However, it must be said that it is a CBDC, ultimately, a joint venture between the central bank and the private sector. However, the central banks are the boss, and the banks will get basically no say about this, CBDC’s. CBDC is for the Central Bank of Digital Currency.
But how does this cooperation look like? And why, people will have to settle with one central currency, while local currencies (read: bitcoin) are?
And what is the role of Facebook’s Libra project? In the meantime, have a 75 large-tech has joined up with the plan on Facebook. If the Balance is as simple as Facebook, then the Central Banks will be very very hard to do is an easy-to-use CBDC to get.