Can the International Monetary Fund issue an international digital currency rather than a dollar?

in #bitcoin7 years ago

According to Wall Street, the world may soon have an international digital currency similar to Betkin. The story came in response to recent comments by Christine Lagarde, president of the International Monetary Fund, when she encouraged banks and governments not to misrepresent Betiquin and other digital currencies.

The global madness towards digital currencies
This news should not come as a surprise, especially after the recent announcement by the Dubai government of its intention to issue its own digital currency. Moreover, recent news suggests that a large number of banks secretly support the issuance of a country's own digital currency, with the hype about the technology of plucchin.

Can the central currency be decentralized?
The difficulty in the current global currencies lies in the central factor. The most attractive part of digital currencies such as Bitquin is the decentralized protocol, which would provide a free market so that the value is based on consensus in every sense without setting prices. While the globalized currency provides decentralized security, the IMF requires that values ​​be set and organized to manage the flow of funds to and from different countries. This system would therefore conflict with the underlying principles of the digital currency of Betquin.
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New reserve currency
The dollar as a reserve currency for many transactions in the world means that some major global economies may also want to adopt a new digital backup currency. Thus, the IMF's own currency, which will replace the dollar in this context, will become widely accepted. In such a case, the dollar and other national currencies will be limited to domestic markets. Some Pitcairn supporters will argue that there is no need for such a currency from the International Monetary Fund, because of the presence of the Betquin already, and without any central risk. This is the biggest hurdle Lagarde and other economists who use Bitquin can face globally, but on the other hand, the jury is still out of the subject.
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I guess the exchange value of that IMF coin would not hold against Bitcoin for long. And if they try to get BitCoins with their currency then they achieve the opposite of what they want as well. So I guess the market will decide how much they trust the IMF.

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