World Central Banks cannot ignore Bitcoin by dmitrywong

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bitcoin · @dmitrywong · Sep 18 '17 (edited)

$0.12

World Central Banks cannot ignore Bitcoin

Dear Steemit Friends,

![bitcoin (1).jpg](https://steemitimages.com/DQmYxk6gbAT9g7YGb7uEzSo9Y13dpkVvzHe6ZK2egvzFSMw/bitcoin%20(1).jpg)

World’s Central Banks ignore the development in cryptocurrencies as it could take a risk to the stability of the financial system, based from the Bank for International Settlements (BIS).

![bitcoin.jpg](https://steemitimages.com/DQmRxdPZgrLfEpfU4H1TSBA4Jn8taEWGryBx88EJHneAzqL/bitcoin.jpg)

They will need to figure out whether to issue a digital currency, though the decision is most expecting in countries like Sweden where cash use is shrinking.

![00221917a33e1afc863811.jpg](https://steemitimages.com/DQmNLtCJn84zGvZU1p98jeSAvMoPpDkVAUsZjyR7PYnA9tk/00221917a33e1afc863811.jpg)

Institutions need focus on the privacy issues and efficiency gains in payment systems; also the economic, financial and monetary policy repercussions, it will be check in quarterly. On the other hand, JPMorgan chief executive Jamie Dimon calling bitcoin a “fraud” and China restricted on domestic trading of cryptocurrencies.

![images (5).jpg](https://steemitimages.com/DQmafpJBTSeYVYnWt8FT9qyt6hEzYUpTvubPancWfT4vkUh/images%20(5).jpg)

Bitcoin and others gained popularity as mode of payment systems on mobile and encourage investors to invest, central banks are starting to delve into them and used blockchain technology, which speed up clearing and settlements. The Bank of England, Mark Carney has noted cryptocurrencies as part of a potential “revolution” in finance. The Dutch Central Bank has made its own cryptocurrency, for internal use only.
![download (4).jpg](https://steemitimages.com/DQma9EzTYcXuQE5BRacrpKq4oyR6D11stPYvZW9qpANsTbs/download%20(4).jpg)

According BIS, one option for central banks will be a currency available to the public, w/ only the Central Bank able to issue units that would be convertible with cash and services. There might be a bigger risk of bank runs, however, commercial lenders might face a shortage of deposits. In Addition, another issue to be consider is the question of privacy.

Credit to www.independent.co.uk

I hoping this blog of mine will encourage to continue posting and upvoting on this social media. This will give the system profitable for the future purposes.

It's a simple and precise blog. I hope you learned from this . Continue to follow me and upvote more of my post. Thanks.

![upvote.jpg](https://steemitimages.com/DQmd8tfmh689qypfC9fwgWgrVdoZBEETrBLnUzbD6twGnJF/upvote.jpg)

Therefore, I conclude as a blogger we should do our best in writting a blog and giving some relevant facts it will develop more people to do the blogging.

![dmitry.jpg](https://steemitimages.com/DQmUS1mFjnYE6q5hy7i5dFqKCfjm6sS9YJKWeEpX1ykAqWj/dmitry.jpg)

Thank for visiting my news blOG!!!
If you Like my post don't forget to leave some upvote and follow me @dmitrywong, and resteem this post thank you and more power to all steemit creator.

![TeamUSA-Resteem-Upvote-Follow.jpg](https://steemitimages.com/DQmUbU6rtLLL8MAzNJ1JZEw5fLB1QU8o5qaVP3jAQg7jJAd/TeamUSA-Resteem-Upvote-Follow.jpg)

I hope you enjoyed this news blog! For more information free to leave us your comments and suggestions.

See you soon on my bitcoin blog,
@dmitrywong

👍 bayanihan, dmitrywong, minnowpond, psychkrhoz, minnowpond1

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@bayanihan · Sep 18 '17

Hello dmitrywong. Your post is nice, however, it would be much nicer if you will align your image at the center.

To center, enclose the image code with this code <>image code </>. Put the word "center" on every <>. I will not put it because you wont be able to see the code.

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@dmitrywong · Sep 18 '17

thank you for your advice Kabayan. . it's a big help for me. . salamat ng marami. .

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@bayanihan · Sep 18 '17

Walang anuman po.

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1 reply

@dmitrywong · Sep 18 '17

Hope you'll like this post. Please upvote and don't forget to follow me. thanks. highly appreciated.

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@dmitrywong · Sep 18 '17

Resteem and upvoted guys thanks

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@minnowpond · Sep 18 '17

This post recieved an upvote from minnowpond. If you would like to recieve upvotes from minnowpond on all your posts, simply FOLLOW @minnowpond

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@dmitrywong · Sep 18 '17

thanks

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@minnowpond1 · Sep 18 '17

This post recieved an upvote from minnowpond. If you would like to recieve upvotes from minnowpond on all your posts, simply FOLLOW @minnowpond

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@dmitrywong · Sep 18 '17

thanks. .

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