SCF Advanced Search

  • Total Members: 13506
  • Latest: zorro3
  • Total Posts: 35706
  • Total Topics: 10931
  • Online Today: 1693
  • Online Ever: 51419
  • (01. January 2010., 10:27:49)

Author Topic: Will digital currencies issued by central banks survive?  (Read 453 times)

0 Members and 1 Guest are viewing this topic.


  • SCF CryptoGroupie
  • *
  • Posts: 96
  • KARMA: 5
  • Gender: Male

The National Bank of Ukraine provides access to the “Electronic Hryvnia” platform (Electronic Hryvnia) and continues to explore the possibilities of obtaining digital currency and even released a certain amount of coins.

While the NBU is only exploring the advantages and disadvantages of central bank digital currencies (central bank digital currencies, CBDCs), some experts urge regulators to step up work on the issue of innovative monetary units.

For example, Avenir Suisse offers the National Bank of Switzerland to develop a blockchain-based economic model. The next step is the creation of the so-called “frank-token”, which is a stablecoin controlled by the central bank. Experts believe that the new coin is able to provide trade finance and the creation of new business models.

The head of the Bank of Lithuania, Vitas Vassilus, who is convinced that the CBDC can act as a medium of exchange, payment and value preservation, is also optimistic. In addition, government cryptocurrencies can improve the efficiency of payments and settlement of securities and reduce the risks in the financial market.

However, representatives of regulators in some countries are skeptical. Thus, the president of the German Federal Bank, Jens Weidman, believes that cryptocurrencies issued by central banks can destabilize the financial system and worsen the work of credit experts, especially during a crisis. He is also confident that the demand for CBDC may adversely affect the efficiency of the central regulator and contribute to a fundamental shift in business models of banks.

“There is no real breakthrough in the application of technology,” said Weidman.

Believes that CBDC can improve the effectiveness of monetary policy.

The Bank of Russia declares that state cryptocurrencies can reduce transaction costs, as well as recommend themselves in conditions of low interest rates and low inflation. In addition, interest can be added to an account with CBDC.

On the other hand, the document states separately that there is not a single successful, fully functioning CBDC available to the general public.

In general, studies on the creation of state digital currencies are about 70% of the central banking operations in the world, but only a few of them start the practical implementation of projects.

KYCbench, your reliable KYC partner
GDPR & ISO/IEC 27001:2013 compliant

Please contact KYCbench today, the most reliable ID verification processor at:

Join our Telegram Groups:
KYCBench Announcement
KYCBench Community

Samker's Computer Forum -

Sponsored Links:


With Quick-Reply you can write a post when viewing a topic without loading a new page. You can still use bulletin board code and smileys as you would in a normal post.

Name: Email:
Type the letters shown in the picture
Listen to the letters / Request another image
Type the letters shown in the picture:
Second Anti-Bot trap, type or simply copy-paste below (only the red letters)

Enter your email address to receive daily email with ' - Samker's Computer Forum' newest content:

Terms of Use | Privacy Policy | Advertising