IMF proposes their own Crypto (to choke the others out)!!!steemCreated with Sketch.

in steemit •  7 years ago  (edited)


In a stunning report coming from Richard Kastelein of Blockchain News, the International Monetary Fund has sounded the alarms and is now proposing to create their own crypto, but is calling it Central Bank Digital Currencies. A [paper] (http://www.imf.org/en/Publications/Staff-Discussion-Notes/Issues/2017/06/16/Fintech-and-Financial-Services-Initial-Considerations-44985) released by the IMF outlines an idea for how the megalithic banking houses would be able to harness their collective ability to subdue the rise of cryptocurrencies and place them in a subservient role.

Read the Blockchain News source for more information on this story

steemit cryptocurrency money politics news
7 years ago by

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      ·  7 years ago 

    Then the question governments will ask when making laws will be, "Why do you need to use a different cryptocurrency, when we have a centralized one?".

    Then they'll outlaw, or highly regulate, all the others.

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        ·  7 years ago 

      Nice work, i hope you grow fast on steemit ;)

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