I think like any crypto it's a question of adoption that depicts the price. If this thing is to be a nationalized currency then we'll naturally be seeing a high adoption rate. Think of China's population to get an idea of where this could go. I think it's safe to say that once released it will have nowhere to go but up. I'll be keeping an eye on this for sure.
RE: Well, someone had to be first - China Becomes First Country in the World to Test a National Cryptocurrency
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Well, someone had to be first - China Becomes First Country in the World to Test a National Cryptocurrency
Agree. It's worth to mention that cryptocurrency can draw price of monetary operations down. Banks won't be necessary in many cases at all.
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Except this particular currency is being developed by China's central Bank. As a centralized currency, it's inevitable that banks will play a major role here.
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Hope their role will be reduced and fractional reserve won't take place there. But it's hard to imagine that government will give away it's power to manipulate interest rates.
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