The National Bank of Ukraine (NBU) has revealed its stance on digital currencies like bitcoin, at a time when it’s developing a legal and regulatory framework for cryptocurrencies in the country. The deputy head of Ukraine’s central bank, Oleg Chury, has revealed that the NBU will not recognize cryptocurrencies like bitcoin as currencies. The official was speaking at the Ukrainian Financial Forum when he also claimed that cryptocurrencies will not be recognized as a legal method of payment in Ukraine, unlike Japan.
Full article here: https://www.cryptocoinsnews.com/bitcoin-isnt-a-currency-nor-a-payment-instrument-ukraines-central-bank/
Yeah, they are still sticking to that traditionalist stance of a 'currency should be backed by Govt'. But the question is how the common people benefit from that is still unknown. Cryptocurrencies gives the power back to you. It empowers your to be the in-charge of your financial matters.
I would say anything can be a currency if people are willing to accept it as a currency. In the past people had barter, exchanged things for precious things such as Leather, Silver, Gold, Stones, Bones, Dates. And that was the kinda of market truly governed by the people.
I say, if Cryptos becomes successful we would see a free market. Free from influence of Whales.
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I agree!
Must be it comes back to 99% and 1% . Where 1% are "the smart guys", the cartel, or Mafia, how ever you want to call them, but Mass media and on the streets they are called "Bankers". So they can play by the rules, print money, raise / reduce interest rates, by decision made whithin those cartel's inside. And pretend how the economies are doing well: with taking one or another stat indicator. For example unemployment in Germany is the lowest since Berlin wall collapse... So let's look at it: more people work part time, daily products such as food, fuel etc are so expensive, so in real terms the income of people is so stretched already. Yes Angela Merkel won, the election, but she did't win total majority, and some radical parties, like "Anti immigrant party" are on the rise for the reason I have mention already (wages are so stretched, despite rising of standards of living year by year...).
I am so glad that with the internet, this whole movement of freedom is moving into the right direction. On other hand makes me sick when mass media is calling this "fake news". When people started talking about "rich getting richer", "big to fail", etc etc. There is hope for my kids and grandchildren, and I am staying very positive when it comes to the right economic models. Not wild capitalism, what was dominating for the last many centuries...
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Agreed. A free market is the solution to our problems and Cryptos can play a very vital role in that.
If taken in the right direction and no rash decisions are made, I see a hope for you and me, and not just our grandchildren's :)
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