Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Bitcoin Forum => Topic started by: Anthony Estiva on November 16, 2020, 03:50:54 PM
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Is there any possibility that the world bank might the one who is superior in charge of the said cryptocurrency, if yes please share your thoughts to us. Kindly give some enlightenment about this. Curious individual here. Maybe it will help some future investors of digital assets.
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Why should prospective investors in the future be affected by this issue? Bitcoin and crypto were created because of the dissatisfaction with the bank system in this world, especially with the world bank. It is already stated clearly as the major reason of why Bitcin was created.
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I have not yet heard that any bank accepts bitcoins, well, or perhaps I missed this news, but I know for sure that many banks use blockchain technologies, but for the world bank to accept bitcoins, of course, we can still dream about this, but so of course, on the one hand, then more people would trust bitcoin, but on the other hand, I do not think that it would be good, because then it would be possible to track people who will make deposits in bitcoin through the world bank.
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It is a gradual process, Bitcoin is already making huge impact in the economy of many nations and I think with little time in future, banks will start accepting Bitcoin. Bank has has adopted to the blockchian and its obvious that the technology that brought about Bitcoin usage is the blockchian tech; what is left in world bank adoption or acceptance, in my opinion, is the Bitcoin market volitility which I think may be handled if worldbank decide to accept bitcoin.
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At one time around the world Bitcoin would be operated as a currency that would be used in all cases. Those words may not be in those days, but our next generation will remain. However, all the information of Bitcoin users will be given in a specific place. Bitcoin is a currency that will be able to be traded in all the world's banks in the next world. Just waiting for the time.
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It is normal for the world or the World Bank to approve bitcoin. Bitcoin is traded all over the world. If a country's bank does not approve bitcoin, then bitcoin transactions will continue. Bitcoin has spread all over the world. However, with the approval of Bitcoin in the banks of each country, the transaction will be easier. There will be many agencies inside the country.
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Is there any possibility that the world bank might the one who is superior in charge of the said cryptocurrency, if yes please share your thoughts to us. Kindly give some enlightenment about this. Curious individual here. Maybe it will help some future investors of digital assets.
Of course, the banking system will always be on the sidelines of responsibility for the decentralized cryptocurrency. Banks may provide some services in cryptocurrency, but will never actively support it. Banks and cryptocurrencies are an eternal conflict of centralization and decentralization. Banks will actively use their national digitized currencies of the central banks of states.
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Is there any possibility that the world bank might the one who is superior in charge of the said cryptocurrency, if yes please share your thoughts to us. Kindly give some enlightenment about this. Curious individual here. Maybe it will help some future investors of digital assets.
Of course, the banking system will always be on the sidelines of responsibility for the decentralized cryptocurrency. Banks may provide some services in cryptocurrency, but will never actively support it. Banks and cryptocurrencies are an eternal conflict of centralization and decentralization. Banks will actively use their national digitized currencies of the central banks of states.
Yes sir banks and cryptocurrencies are always two opposite issue in global discussion topics. If central bank accepts bitcoin (decentralized assets) then it would be highly succed in decentralized finance systems . But it could ever be possible!!!!
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I think no, we all also know that bank is one of the things that make Bitcoin was so diffiuclt to develop and grow at that time. It is like that BTC is another way to compete bank beause they do ot know the bank system that is centralized and also offers very bad system to the users.
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Is there any possibility that the world bank might the one who is superior in charge of the said cryptocurrency, if yes please share your thoughts to us. Kindly give some enlightenment about this. Curious individual here. Maybe it will help some future investors of digital assets.
Yes , I agree if the world Bank be in charge of bitcoin, It will help some futures investors of digital assets. This is a good thing and I believe cryptocurrencies will have bright future and more valuable at the coming future.
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Is there any possibility that the world bank might the one who is superior in charge of the said cryptocurrency, if yes please share your thoughts to us. Kindly give some enlightenment about this. Curious individual here. Maybe it will help some future investors of digital assets.
if it happened, I think it is a good think for Crypto currency futures. But I think for now It is difficult. But If the world Bank can be in charge of bitcoin,, we will see the good condition of bitcoin and I think bitcoin will be more popular.
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I am not sure that the world bank has an important role or responsibility in cryptocurrency, because as you know cryptocurrency gives you financial freedom because it offers a decentralized system, and this is very much the opposite of a world bank that uses a centralized system.
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I am not sure that the world bank has an important role or responsibility in cryptocurrency, because as you know cryptocurrency gives you financial freedom because it offers a decentralized system, and this is very much the opposite of a world bank that uses a centralized system.
like you, I also would not believe that because crypto is already a separate system and can run by itself, why should the world bank interfere in that matter which is not necessarily useful for him because all this time managing the interests of the world alone is not easy and impossible added again.
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Why does the World Bank need decentralized cryptocurrency problems, and even more so take financial responsibility for possible decentralized cryptocurrency mistakes where it cannot influence and manage the situation? There, too, are not fools. Banks will not take responsibility for risks in a decentralized cryptocurrency. This is completely out of the question. We should not forget that the banking system, if not the main opponent of the decentralized cryptocurrency, then the main competitor for sure.
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I have not yet heard that any bank accepts bitcoins, well, or perhaps I missed this news, but I know for sure that many banks use blockchain technologies, but for the world bank to accept bitcoins, of course, we can still dream about this, but so of course, on the one hand, then more people would trust bitcoin, but on the other hand, I do not think that it would be good, because then it would be possible to track people who will make deposits in bitcoin through the world bank.
Yes, I also never hear any Bank accept bitcoin. I see many bank have used bitcoin technology, block chain. But not accepted.
In my opinion maybe if digital era come , I think many bank will accept bitcoin and altcoin.
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Maybe it happened. Because indeed the world bank is one of the people who understands the economic system. And also of course they understand more about crypto. So many of them might actually have crypto assets and play. Because they understand and really understand about investing.
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It provides more reliable and fast transactions than any of the Bitcoin banking and known financial systems. That's why many banks are trying to strengthen their infrastructure with blockchain technology.
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Banks around the world don't want to interfere with Bitcoin.
Even the World Bank can confirm that Bitcoin is a threat or a dangerous digital asset, it can be said that the opposite is true between the Bank and Bitcoin.
Then why should there be questions like what the OP wrote?
The answer may be to make sure if the Bitcoin is accepted by the bank or not, then my answer is "No".
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I think it might not happen because bitcoin cannot be controlled no matter what, bitcoin can only be used for exchanges and transactions, so I think bitcoin will still be an independent currency and cannot be controlled by anyone.
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A bank is a company that is supervised by a government where every policy is regulated and decided by the government, while bitcoin is a company where the government's decision regarding bitcoin is determined by several factors. So the possibility for a bank to charge of bitcoin I think is very unlikely.
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Actually, reliable Crypto players can indeed be bank employees. Where they actually know and understand crypto investments and assets. And they also understand the world economic system. So that it will be easier to learn more deeply, because they understand the basic knowledge.
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That will defeat the purpose of bitcoin's creation. World bank can not control bitcoin or cryptocurrency as a whole, they can only try to regulate it but with decentralization increasing, it will most likely not happen.
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there might be posibility! even though it's just slim but I think a government intervention would make this scenario happen plus the acceptance of Bitcoin worldwide as a mode of payment. there would be many things would happen in the future so let just wait until it's started.
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there might be posibility! even though it's just slim but I think a government intervention would make this scenario happen plus the acceptance of Bitcoin worldwide as a mode of payment. there would be many things would happen in the future so let just wait until it's started.
If we expect the introduction of Bitcoin into human everyday life in order to use cryptocurrency not only as a valuable asset, but also as a means of payment, then in any case we will have to obey the relevant laws that the government will certainly create in order to control the expenses and incomes of citizens. Based on this, the banking system will in any case begin to provide appropriate services for cryptocurrency users.
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there might be posibility! even though it's just slim but I think a government intervention would make this scenario happen plus the acceptance of Bitcoin worldwide as a mode of payment. there would be many things would happen in the future so let just wait until it's started.
If It happen, I think we will see the popularity of Bitcoin will more than now. But It is really hard to happen. Because I see at several countries Bitcoin has been blocked. Every countries have own currency. It is the reason why
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I don't think it will be very interesting if world should have control over bitcoin it will really affect many things when it comes to transaction expect meaning that every each person will be limited on how much you withdraw to your account.
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Digital Yuan from China seems to be the answer. And indeed this will be followed by other banks as well. This is a tremendous advance in crypto. And there is a chance that crypto will soon become legal. and indeed these bank employees are actually closely related to crypto. They must understand crypto.
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Is there any possibility that the world bank might the one who is superior in charge of the said cryptocurrency, if yes please share your thoughts to us. Kindly give some enlightenment about this. Curious individual here. Maybe it will help some future investors of digital assets.
When all countries simultaneously accept bitcoin as their daily purposes, activities and all kinds of transactions systems,then it would be possible to in charge world Bank of bitcoin.
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if it is about the institution of that "bank", it may be not. But in the case of the individual or person behind the banks, it may be. but, I think that they will not share what they have, moreover they may be worried about losing their users of the bank. So, just let's see how many more people will be involved in the crypto industry
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I think it might not happen because bitcoin cannot be controlled no matter what, bitcoin can only be used for exchanges and transactions, so I think bitcoin will still be an independent currency and cannot be controlled by anyone.
Yes, I think It is the reason why the world Bank cannot be in charge of bitcoin. Bitcoin cannot be controlled. But we must know bitcoin is digital currency, I believe digital era will come.
So, digital currency will compete with bank at the coming future.
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I think it might not happen because bitcoin cannot be controlled no matter what, bitcoin can only be used for exchanges and transactions, so I think bitcoin will still be an independent currency and cannot be controlled by anyone.
Yes, I think It is the reason why the world Bank cannot be in charge of bitcoin. Bitcoin cannot be controlled. But we must know bitcoin is digital currency, I believe digital era will come.
So, digital currency will compete with bank at the coming future.
My prediction is on the contrary, that bitcoin and banks will synergize for the common interest, because they cannot stand alone, they will need each other.
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Banks and cryptocurrencies are difficult to work with because they both have different visions and missions and this was clear within the scope of its creation at the start.
Bitcoin is designed for transactions without intermediaries and Bitcoin is created on a different path from banks that have intermediaries.
I think the OP thought for this thread is good too but the answer is there is no way Bitcoin will be absorbed and accepted by the Bank. Thanks
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If the bank can give responsibility for Bitcoin transactions then that is truly extraordinary and maybe the bank in my opinion is more inclined towards the spectacular.
The bank usually will not give something that is not its right, for example, for very large transactions at a bank with a different bank, it requires a lot of very confidential documents.
Moreover, this is for Bitcoin transactions, I think the Bank will be hands off for the Bitcoin issue because it is not a specialist for the Bank.
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I don't hear this news before .If so, world bank charge to btc it will really good sign for BTC and also btc users . Because govt can charge these things which is legal in that country .
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The banking system will never take responsibility for the risks associated with Bitcoin and other decentralized cryptocurrencies. You can not even dream about it. Banks and decentralized cryptocurrencies are directly opposite in nature in terms of tasks and methods of work and functioning. Why should banks take responsibility for what they do not control and what they cannot influence? I see no sense or logic here.
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Is there any possibility that the world bank might the one who is superior in charge of the said cryptocurrency, if yes please share your thoughts to us. Kindly give some enlightenment about this. Curious individual here. Maybe it will help some future investors of digital assets.
Of course, the banking system will always be on the sidelines of responsibility for the decentralized cryptocurrency. Banks may provide some services in cryptocurrency, but will never actively support it. Banks and cryptocurrencies are an eternal conflict of centralization and decentralization. Banks will actively use their national digitized currencies of the central banks of states.
I agree with you that you are right. You have explained and presented in a very beautiful way. I hope everyone will understand you from here. You have explained in such a way that it will be useful to understand the junior members.
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Why should prospective investors in the future be affected by this issue? Bitcoin and crypto were created because of the dissatisfaction with the bank system in this world, especially with the world bank. It is already stated clearly as the major reason of why Bitcin was created.
I agree with your answer. Because investors prefer crypto that they can control themselves
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There are a lot of people in the cryptocurrency market. But not all people invest in cryptocurrencies. Some investors invest in Bitcoin. Because Bitcoin is a popular currency all over the world. Invest in this midnight is certainly much more profitable. Investing in this currency is more likely to succeed. So everyone invests on bitcoin.
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Bitcoin Hall is a popular one that tastes good to people. Bitcoin is not legal in all countries. So it is very easy to transact with banks in those countries where it is legalized and it will be easier to transact with Bitcoin if the World Bank deals with it. So Bitcoin should be legalized by the World Bank
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Bitcoin Hall is a popular one that tastes good to people. Bitcoin is not legal in all countries. So it is very easy to transact with banks in those countries where it is legalized and it will be easier to transact with Bitcoin if the World Bank deals with it. So Bitcoin should be legalized by the World Bank
I'm not sure bitcoin will have many investors, a lot of people believe in bitcoin because of its decentralized system, If the world bank handles every bitcoin transaction I'm sure many investors who prefer altcoins and bitcoin will be abandoned by the miners.
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I think no, we all also know that bank is one of the things that make Bitcoin was so diffiuclt to develop and grow at that time. It is like that BTC is another way to compete bank beause they do ot know the bank system that is centralized and also offers very bad system to the users.
I agree with you. Bitcoin is a coin that was determined when it was made and its price will be very high quality. Leaving Bitcoin behind has become impossible for others
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Bitcoin has many advantages, such as the number of communities and its first Blockchain to be able to store and run Bitcoin as transactions.
Maybe the current bank does not provide room for Bitcoin, but several banks in the world have started to develop Blockchain. Even though banks are not unfamiliar with P2P systems, they also want a decentralized system to speed up the transaction system without having to bother coming to the bank when making different money transfers bank.
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The way Bitcoin's popularity is growing day by day is expected to be at its highest level in the next few years. There is no longer any obstacle for many banks to prepare for Bitcoin competition as it acts as a carrier of very fast transactions. Banks that support bitcoin in different banks are improving a lot
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The World Bank is expected to improve a lot if the World Bank is connected to what kind of aunt. I don't know if the World Bank is connected yet. If any kind senior brother knows, let me know what the World Bank is connected to. If the World Bank's direction is linked to cryptocurrency, investors will have a lot of opportunities. They will be able to grab good profits and withdraw money through banks. There will be more benefits.
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I think the world Bank has nothing to do with cryptocurrency,but today they consider Xrp as a real cryptocurrency!
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I personally would not have thought if they were behind this. in fact they are including true rivals of this Bitcoin. So is it possible? Even if so, I'm not sure they are behind it, maybe only a few of them are bitcoin holders but not BTC charges
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World bank can't in-charge of Bitcoin because Bitcoin was crated against centralization and Bitcoin is decentralized, and never anyone or institution or county will be In-charges of Bitcoin, so the investor should don't think that world bank will be in-charges of Bitcoin.
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If so, the World Bank's compensation on BTC would be a really good sign for BTC and BTC customers. Because the government can charge for things that are legal in this country.
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Is there any possibility that the world bank might the one who is superior in charge of the said cryptocurrency, if yes please share your thoughts to us. Kindly give some enlightenment about this. Curious individual here. Maybe it will help some future investors of digital assets.
If it can, maybe we will see the bitcoin price is so high and more stable. I think It is impossible.
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I personally would not have thought if they were behind this. in fact they are including true rivals of this Bitcoin. So is it possible? Even if so, I'm not sure they are behind it,
There is always the possibility of it happening, but we have to know, what changes are made by banks, if it is about technology of course it cannot, but when it comes to financial policies concerning cryptocurrency I am sure it can happen.
maybe only a few of them are bitcoin holders but not BTC charges
Holding bitcoin or not is not something that needs to be discussed, because it is the decision of everyone whether to hold bitcoin or not.
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I want to know the thing that is happening. In all the countries where bitcoin has been legalized, bitcoin transactions are done through banks. And I think that when bitcoin is legalized, transactions of bitcoin transactions through banks will gradually be allowed in almost all countries.
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I think it could be. Because it is legal in many countries of the world. There are very few countries that do not have legitimacy. Hopefully they will give legitimacy soon. Hey, hey, after the legitimacy, there is a possibility that the World Bank will take over the responsibility of Evit Kan.
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Is there any possibility that the world bank might the one who is superior in charge of the said cryptocurrency, if yes please share your thoughts to us. Kindly give some enlightenment about this. Curious individual here. Maybe it will help some future investors of digital assets.
Yes, I agree If it can be. But I don't believe the world Bank can be in charge of bitcoin.
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pardon, did you mean that the world bank is behind Bitcoin? It is impossible. Although nothing is impossible, I cannot believe if this happens. And if this really happens, we really get a prank from Bitcoin. But, how is the correlation actually? I don't have any relation between Bitcoin and also the world bank except this baseless accusation
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Is there any possibility that the world bank might the one who is superior in charge of the said cryptocurrency, if yes please share your thoughts to us. Kindly give some enlightenment about this. Curious individual here. Maybe it will help some future investors of digital assets.
No It can't. I don't believe the world Bank can be in charge of bitcoin. Because I see at several countries have blocked bitcoin. Maybe at the coming future when Bitcoin will be accepted all countries we will see bitcoin will be needed, I hope It will be.
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Is there any possibility that the world bank might the one who is superior in charge of the said cryptocurrency, if yes please share your thoughts to us. Kindly give some enlightenment about this. Curious individual here. Maybe it will help some future investors of digital assets.
No It can't. I don't believe the world Bank can be in charge of bitcoin. Because I see at several countries have blocked bitcoin. Maybe at the coming future when Bitcoin will be accepted all countries we will see bitcoin will be needed, I hope It will be.
Yes it is true.at several countries bitcoin has been blocked by the government. I think It is the reason why the world Bank cannot be in charge of bitcoin. We all know bitcoin is so popular and make rich people easily, if you can buy and sell at the right time.
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I think about its transparency, it will definitely flourish in the future. the World Bank has not yet accepted it at the moment
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I think no bank are support bitcoin.beacuse it's not ligal for every country.every countrys are deside bitcoin are iligal .so I think it's not possible.
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Is there any possibility that the world bank might the one who is superior in charge of the said cryptocurrency, if yes please share your thoughts to us. Kindly give some enlightenment about this. Curious individual here. Maybe it will help some future investors of digital assets.
No, the current banking system will never patronize, let alone be responsible for a decentralized cryptocurrency. States and banks as part of the state apparatus can legalize the circulation of cryptocurrency, but they will not actively help it. Decentralized cryptocurrency is needed by people, not banks, and not the state. Therefore, people themselves must develop cryptocurrency and defend their right to use it.
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This time Bitcoin is so much famous and in the future it is going to be legal in all over the world and i hope soon the Bitcoin will start to use in the banks and that time the world bank will charge the Bitcoin and also other top crypto currencies.
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When the central banks of different countries of the world will approve bitcoin. Then trade and investment in Bitcoin will increase a lot. However, not all investors will have Bitcoin on their investment list. Because Bitcoin will then only be the investment coin of rich people. Currently rich and middle class investors invest in Bitcoin. So I think the future of Bitcoin will change a lot.
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Is there any possibility that the world bank might the one who is superior in charge of the said cryptocurrency, if yes please share your thoughts to us. Kindly give some enlightenment about this. Curious individual here. Maybe it will help some future investors of digital assets.
I thonk it will happen , the world bank might the one who is superior in charge of the said cryptocurrency.
by seeing the popularity of bitcoin and altcoins now, I think world bank will consider to addopt crypto currency.
But They will rethink how to control the volatility of crypto currency.
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The World Bank is not currently in control of any crypto. As far as I know, they are against cryptocurrencies to begin with.
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The World Bank is not currently in control of any crypto. As far as I know, they are against cryptocurrencies to begin with.
I think world Bank should addopt and learn about crypto currency.
Because It's the future technology and cannot be reduced.
World Bank should create own crypto currency.
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Bitcoin has been a life saver since the early 2010s, believe me it worth the time, effort and dedication. If you have waste your money in the bank without investing it in bitcoin, you would probably remain the same or probably be affected by our normal inflation, it's a wise move and great decision.
On a second view, instead of holding bitcoin at this huge price, why not sell and buy back when price tank. Remember you aren't holding for long term but average time frame to make some cool cash. This year may not work like next year.
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Bitcoin has been a life saver since the early 2010s, believe me it worth the time, effort and dedication. If you have waste your money in the bank without investing it in bitcoin, you would probably remain the same or probably be affected by our normal inflation, it's a wise move and great decision.
On a second view, instead of holding bitcoin at this huge price, why not sell and buy back when price tank. Remember you aren't holding for long term but average time frame to make some cool cash. This year may not work like next year.
I agree with this "This year may not work like next year.
Bitcoin and crypto currency are unpredictable.
No one can predict bitcoin and altcoin.
Because always volatile and many factor will influence bitcoin and altcoin price
Demand, supply, and negative news
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Why should prospective investors in the future be affected by this issue? Bitcoin and crypto were created because of the dissatisfaction with the bank system in this world, especially with the world bank. It is already stated clearly as the major reason of why Bitcoin was created.
The World Bank is not in the charge of any transaction related to bitcoins. They have released a statement which states that they are not supporting bitcoins for the sake of environmental and renewable resources. The basic answer to the question of whether decentralised finance can replace banks and traditional finance is a loud yes. Furthermore, decentralised blockchain-based systems can replace banks by providing quicker transactions, increased security, cheaper costs, and smart contracts. Unfortunately, bank charges a hefty amount while doing transactions but bitcoin does it at a much faster rate with minimal charges which makes it highly reliable.
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Why should prospective investors in the future be affected by this issue? Bitcoin and crypto were created because of the dissatisfaction with the bank system in this world, especially with the world bank. It is already stated clearly as the major reason of why Bitcoin was created.
The World Bank is not in the charge of any transaction related to bitcoins. They have released a statement which states that they are not supporting bitcoins for the sake of environmental and renewable resources. The basic answer to the question of whether decentralised finance can replace banks and traditional finance is a loud yes. Furthermore, decentralised blockchain-based systems can replace banks by providing quicker transactions, increased security, cheaper costs, and smart contracts. Unfortunately, bank charges a hefty amount while doing transactions but bitcoin does it at a much faster rate with minimal charges which makes it highly reliable.
You are too frivolous about the problem of replacing banks with decentralized finance. In my opinion, this is not possible in principle. Do you have at least an idea of how the financial reporting of enterprises of various forms of ownership to the tax service takes place and what role do banks play in this? It is the banks as intermediaries that issue documents confirming transactions to these enterprises and they serve as the main documents for submission to the tax service and audit.
On the other hand, how can banks disappear if they are under the patronage and protection of the state, since they perform many useful functions for the state?
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I doubt the possibility of world control over bitcoin now or in near future, though there are serious regulation globally on crypto but bitcoin is decentralized digital money running on the public blockchain. If world bank decides to control btc it may be extremely difficult, but based on current regulatory pressure, nothing can be rule out. However, bitcoin will be very difficult to be centralized by any organization or persons on any reasons.
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The very point of Bitcoin (and crypto as a whole) is taking power from such places, and into your hands. If speaking about just Bitcoin, its already quite centralised with regards to a good chunk of it in the hands of a select few (the exchanges, certain investors, Satoshi himself). Doing more to Bitcoin, like a bank being in charge of it ...silly, and killing the purpose
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Bank only use the technology but alll transactions must start and finish with fiat, if they use bitcoin there's possibility economy circulation will change. Bitcoin should have their own bank and law to support entire activity, possible but not in near time. World bank control economy in regulation and support, stable is the direction and using bitcoin is dangerous, for now.
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I'm sure it won't happen because banks will never be able to control bitcoin including the government that asks for taxes to bitcoin will never be able to, bitcoin is a digital currency that was created with the aim of circulation it can never be controlled by anyone so that makes bitcoin can be said as the main opponent of the bank.
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The world bank certainly has different directions and goals for Bitcoin so that the world bank will not care about Bitcoin when the price goes up and down uncontrollably because Bitcoin already has a decentralized basis.
If we learn technology, this technology will really help us to make a transparent platform and this is something that the Bank hates or at least is not recommended because it can track the identity of customers whose nominal is very large.
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Is there any possibility that the world bank might the one who is superior in charge of the said cryptocurrency, if yes please share your thoughts to us. Kindly give some enlightenment about this. Curious individual here. Maybe it will help some future investors of digital assets.
Why do you think this can happen? do you think they might be in charge or take control of the whole Bitcoin mining? or maybe they could take control of the entire Blockchain? I don't understand why you want to think that this can happen. This is the reason they called it "Decentralized" no one single person or entity controls it.
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If banks are going to be responsible for bitcoin mining, they will not be given it so easily. Bitcoin is an independent payment system that controls the production itself and regulates the price of all cryptocurrencies, maybe they will agree with banks.
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If banks are going to be responsible for bitcoin, they should accept it now as it is, but everyone refuses it because they cannot counter bitcoin transactions. If this ever happens, Bitcoin will work with banks together.
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Why should prospective investors in the future be affected by this issue? Bitcoin and crypto were created because of the dissatisfaction with the bank system in this world, especially with the world bank. It is already stated clearly as the major reason of why Bitcoin was created.
The World Bank is not in the charge of any transaction related to bitcoins. They have released a statement which states that they are not supporting bitcoins for the sake of environmental and renewable resources. The basic answer to the question of whether decentralised finance can replace banks and traditional finance is a loud yes. Furthermore, decentralised blockchain-based systems can replace banks by providing quicker transactions, increased security, cheaper costs, and smart contracts. Unfortunately, bank charges a hefty amount while doing transactions but bitcoin does it at a much faster rate with minimal charges which makes it highly reliable.
You are too frivolous about the problem of replacing banks with decentralized finance. In my opinion, this is not possible in principle. Do you have at least an idea of how the financial reporting of enterprises of various forms of ownership to the tax service takes place and what role do banks play in this? It is the banks as intermediaries that issue documents confirming transactions to these enterprises and they serve as the main documents for submission to the tax service and audit.
On the other hand, how can banks disappear if they are under the patronage and protection of the state, since they perform many useful functions for the state?
Can the World Bank be in charge of Bitcoin? No, we all know that. Because Bitcoin Bank is not a car interfering thing. Nobody talks here. The pricing of Bitcoin depends on the purchase and sale of Bitcoin.
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Is there any possibility that the world bank might the one who is superior in charge of the said cryptocurrency, if yes please share your thoughts to us. Kindly give some enlightenment about this. Curious individual here. Maybe it will help some future investors of digital assets.
This will never happen. The world bank and decentralized cryptocurrency cannot cooperate enough to be responsible for a cryptocurrency like bitcoin. We see how negatively international banking structures react to the adoption by El Salvador of bitcoin as a national means of payment. They explicitly state that they will stop cooperating and provide financial support to El Salvador if this state accepts bitcoin. This is the real face of the world bank.
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Bitcoin has tremendous power in many ways in the cryptocurrency space and that is only in the cryptocurrency space, very different from conventional banks.
And if conventional banks apply a system of Bitcoin or press Bitcoin to be charged, then it is very much different in principle or different paths because Banks and Cryptocurrencies are different financial systems, between centralized and not centralized.
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Is there any possibility that the world bank might the one who is superior in charge of the said cryptocurrency, if yes please share your thoughts to us. Kindly give some enlightenment about this. Curious individual here. Maybe it will help some future investors of digital assets.
The World Bank is considered a significant regulator of Bitcoin, although the World Bank opposes Bitcoin in various ways. But the World Bank will recognize Bitcoin as a significant currency in the future.
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Bitcoin is a currency that is currently gaining popularity all over the world, starting with cryptocurrencies. In particular, this bitcoin is now made up of bitcoin banks in several large countries in the country. Which is why most people invest in bitcoin. Being a bitcoin bank has made a lot of people in different countries.
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Is there any possibility that the world bank might the one who is superior in charge of the said cryptocurrency, if yes please share your thoughts to us. Kindly give some enlightenment about this. Curious individual here. Maybe it will help some future investors of digital assets.
I think it is not going to happen because in the first place WorldBank is against the proliferation of cryptocurrencies including their decentralization purpose, Worldbank is a centralized entity manned by centralized aligned people and governments that's why it will never happen that Worldbank can manage a Decentralized cryptocurrency like Bitcoin in fact they are discouraging El Salvador about using Bitcoin as a Legal tinder.
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If all the banks in the world approve Bitcoin, I think there will be a lot of improvement in the banking system along with Bitcoin. Because nowadays people prefer to transact through digital currency. So it would be better if we did not survive Bitcoin as a digital currency. On the one hand, as the bank cuts a certain amount of bitcoin, support will increase the value of the outgoing bitcoin, which has the potential to benefit both the bank and the bitcoin.
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We don't need Banks to make transactions, it's very risky because they are third parties, we have looked at the DeFi space, you can buy Bitcoins and store them in Metamask wallets, but if banks adopt Bitcoin then they need blockchain technology that can verify user data because every the wallet will connect to the bank's central server which requires KYC for registration.
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The World Bank certainly has different directions and goals for bitcoin Bitcoin has a lot of potential in the cryptocurrency space and it is very different from the conventional banks only in the cryptocurrency space.Bitcoin is a currency that is currently gaining popularity all over the world starting from cryptocurrency.The World Bank and decentralized cryptocurrency cannot cooperate enough to be responsible for cryptocurrencies like Bitcoin. We see how the international banking structure makes Bitcoin a nation This is a demand of the World Bank.
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Is there any possibility that the world bank might the one who is superior in charge of the said cryptocurrency, if yes please share your thoughts to us. Kindly give some enlightenment about this. Curious individual here. Maybe it will help some future investors of digital assets.
No, I think It's impossible as many opinion here. World band will never be in charge of bitcoin.
Bitcoin is volatile and can't be tracked.
No one cannot control bitcoin , I think world will not support bitcoin.
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the world bank will not be able to change anything in bitcoin because in my opinion bitcoin has a strong power and cannot be controlled by anyone including the world bank, unless they want to print USDT with an unlimited amount and can play the price of bitcoin, because in bitcoin who who have a lot of money capital can provide price movements.
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If the world bank applies a fee to Bitcoin, then it is certain that Bitcoin is accepted in the Bank's trade itself, meaning that the Bank will accept Bitcoin payments but until now, no bank has been able to accept Bitcoin.
It is also very difficult for Banks to accept Bitcoin because Bitcoin has very extreme changes every day and of course this will be dangerous for the Bank itself because it can lead to bankruptcy.
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World bank will charge on the Bitcoin or other crypto coins when the crypto market is legal in all over the world and the banks will start to install the Bitcoin ATMs and start to pay the withdraw in cash through ATMs that is the time that the banks will start some tax on it.
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Many banks use blockchain technologies, but for the world bank to accept bitcoins, of course, we can still dream about this, but so of course, on the one hand, then more people would trust bitcoin, but on the other hand, I do not think that it would be good, because then it would be possible to track. Bitcoin usage is the blockchian tech; what is left in world bank adoption or acceptance, in my opinion, is the Bitcoin market volitility which I think may be handled
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This idea is generally absurd, since a decentralized cryptocurrency, by its very nature, cannot be controlled by anyone, especially banks and government agencies. The state can only provide general rules for the circulation of cryptocurrency in society, but not manage it.
I think that if the World Bank were offered to manage the cryptocurrency, then they would refuse it due to the impossibility of doing it from a practical point of view. The banking system operates on completely different principles than cryptocurrency. It is impossible to combine absolutely opposite approaches to finance into a single whole.
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I think that if the World Bank were offered to manage the cryptocurrency, then they would refuse it due to the impossibility of doing it from a practical point of view.
I agree with this, the Bank will not accept Bitcoin. Because I have seen this case myself at my place, a bank even blocked an account that was caught making transactions by buying Bitcoin from that account. Between conventional banks and cryptocurrencies will be really difficult to join. The world bank will not be charge of bitcoin.
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Yes, most of the country's banks can charge bitcoin. can use. But it is still some time away. And we cannot say that this should happen in all countries. Because some countries are Who Banned Bitcoin? But the countries in which bitcoin is traded. It is possible for them to happen one day. Because almost everyone has become fan to bitcoin.
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Yes, most of the country's banks can charge bitcoin. can use. But it is still some time away. And we cannot say that this should happen in all countries. Because some countries are Who Banned Bitcoin? But the countries in which bitcoin is traded. It is possible for them to happen one day. Because almost everyone has become fan to bitcoin.
If want charge a fee, the bank will probably be able to do it and indeed it has always been done with a certain fee, especially with bitcoin, there will likely be a fee that is more than fiat. but if the world bank is responsible for bitcoin trading, of course it will not happen because bitcoin has an uncontrollable and free nature. but a country that will be able to do with bitcoin by banning its use, but the same still can't affect bitcoin.
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Is there any possibility that the world bank might the one who is superior in charge of the said cryptocurrency, if yes please share your thoughts to us. Kindly give some enlightenment about this. Curious individual here. Maybe it will help some future investors of digital assets.
What has the world BAnk got to do with Cryptocurrency? The only thing will be that as have already seen, The Banks are controlled by the Government and if the World Government that is in control of the Bank can have some negative effect on Cryptocurrency and there have been world Governments too that are Pro Cryptocurrency, however, I don't think your assumption will happen.
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Is there any possibility that the world bank might the one who is superior in charge of the said cryptocurrency, if yes please share your thoughts to us. Kindly give some enlightenment about this. Curious individual here. Maybe it will help some future investors of digital assets.
how the world bank wants to be responsible in this case it is clear that the government rejects the existence of bitcoin, one thing that is impossible for me, stop thinking that the bank will replace your money if one day bitcoin dies
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May be the World bank will be the in charge of this great coin but i don,t think so that the world bank will be in charge because this time peoples will use the Bitcoin and also other currencies in just a small charge but if the world bank will control that they start to make the great fee and this is not good for the exchanges and also for the traders.
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Handle in what?
We know that between banking systems and cryptocurrencies are different. Banks are centralized while crypto is decentralized. If you're hoping for bank control over crypto, then I don't agree and I don't think you can either. Because crypto is complex and difficult to enforce such settings. Because of its decentralized nature. And many people like crypto for reasons of decentralized itself.
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Is there any possibility that the world bank might the one who is superior in charge of the said cryptocurrency, if yes please share your thoughts to us. Kindly give some enlightenment about this. Curious individual here. Maybe it will help some future investors of digital assets.
I think world Bank will never allow bitcoin , or be in charge in bitcoin.
Maybe many people hope it will be.But I think never.
They didn't agree about the volatile currency such crypto.
That's the fact.
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Is there any possibility that the world bank might the one who is superior in charge of the said cryptocurrency, if yes please share your thoughts to us. Kindly give some enlightenment about this. Curious individual here. Maybe it will help some future investors of digital assets.
If world Bank can be incharge in bitcoin , I think bitcoin price will rise and more expensive than ATH.
But I think It won't be.
Bitcoin is very volatile, I think bank will refuse it.
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why are you asking can the world bank be responsible for bitcoin, the answer is obviously no, why not because bitcoin is not a real currency and not all countries can accept bitcoin as a means of payment.
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Soon the wold bank will in the Bitcoin and this time the crypto market is so much down and soon the market go high and the whales will start to invest in it and that time it will go high. Whales will always pump the market and they just make the profit through the market and after some time it will comes down again.
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Is there any possibility that the world bank might the one who is superior in charge of the said cryptocurrency, if yes please share your thoughts to us. Kindly give some enlightenment about this. Curious individual here. Maybe it will help some future investors of digital assets.
World Bank, a financial institution can never be in charge of Cryptocurrency because their their financial systems is deeply rooted in the traditional (Centralized) banking method which is not transparent , reliable and secure.
World Bank deals with fiat/physical cash that is adopted and accepted by every country of the world for financial purposes.
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I always hope that crypto will change the entire traditional banking system, when crypto becomes the choice of users thanks to its superior features instead of fiat. We can experience cheap and instant transaction fees, DeFi and decentralization. Banks should also become crypto banks.
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I always hope that crypto will change the entire traditional banking system, when crypto becomes the choice of users thanks to its superior features instead of fiat. We can experience cheap and instant transaction fees, DeFi and decentralization. Banks should also become crypto banks.
I agree I think bank should adopt crypto technology , because crypto is the future currency.
Talking about world Bank, they should think about it.
allow and adopt block chain system.
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The bank should not be responsible for bitcoin, but you can take the technology to your banking system. How was it in the banking system before without blockchain technology.
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Is there any possibility that the world bank might the one who is superior in charge of the said cryptocurrency, if yes please share your thoughts to us. Kindly give some enlightenment about this. Curious individual here. Maybe it will help some future investors of digital assets.
That’s impossible and it’ll never happen ever. You know why? It’s because the blockchain cannot be controlled anymore unless someone’s building a centralized blockchain. Bitcoin will never be controlled by the government, central bank, etc., but they can only regulate it. Banning won’t work either.
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I always hope that crypto will change the entire traditional banking system, when crypto becomes the choice of users thanks to its superior features instead of fiat. We can experience cheap and instant transaction fees, DeFi and decentralization. Banks should also become crypto banks.
The World Bank will not accept and manage bitcoins. This is excluded, since the current banking system is built on completely different principles of functioning. Cryptocurrency is alien to the fiat system. They can exist together, interact with each other, but banks will not take on the risks of cryptocurrency. They don't have to do it.
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Is there any possibility that the world bank might the one who is superior in charge of the said cryptocurrency, if yes please share your thoughts to us. Kindly give some enlightenment about this. Curious individual here. Maybe it will help some future investors of digital assets.
No It won't be.
By seeing many opinions here, I think I don't believe world Bank will be in charge of bitcoin.
Bitcoin has been rejected and blocked at several countries.
So, I think It's impossible to happen.
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Is there any possibility that the world bank might the one who is superior in charge of the said cryptocurrency, if yes please share your thoughts to us. Kindly give some enlightenment about this. Curious individual here. Maybe it will help some future investors of digital assets.
No It won't be.
By seeing many opinions here, I think I don't believe world Bank will be in charge of bitcoin.
Bitcoin has been rejected and blocked at several countries.
So, I think It's impossible to happen.
So far, the world bank doesn't seem to be going into the interests of being able to accept bitcoin in full, because it must be seen from the ability of many countries that have accepted bitcoins first.
but it is not impossible that the world bank will be able to accept it at some point in the future, because developments that require it must be carried out.
as a central bank, it is clear that the world bank must accommodate all countries first before accepting bitcoin, it is clear that many considerations must be made first.
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we should not forget that sanctions have been imposed on Russia, and in order to achieve results, regulatory authorities can block the air for users of cryptocurrencies. Problems need to be solved not locally, but as a whole.
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A very strong crisis is growing in the world, and if cryptocurrencies, including bitcoin, are seen to be used for criminal purposes, including to avoid taxation, then problems await all cryptocurrency users.
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The World Bank will continue to ignore decentralized cryptocurrencies, including Bitcoin. They consider cryptocurrency to be too risky and unsecured financial asset and therefore will not use it or manage it in any way. Only states, their authorized bodies and central banks of these states can regulate the circulation of cryptocurrency.
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The world bank can try to have control of BTC by holding it largest share but this is something that they can hardly achieve since the possibility is not so much and it will take a very long duration to be achieved.
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Is there any possibility that the world bank might the one who is superior in charge of the said cryptocurrency, if yes please share your thoughts to us. Kindly give some enlightenment about this. Curious individual here. Maybe it will help some future investors of digital assets.
I think It's impossible to happen if you asked world Bank be in charge of bitcoin.
The govt and bank against bitcoin and crypto currency, we know about it.
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Where investors are getting attracted towards bitcoin, banks have not accepted bitcoin yet. Rather, banks strongly oppose bitcoin. In view of the popularity of bitcoin among the people, some countries are considering declaring it legal, and if this happens then the government there is a debt on bitcoin.
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Where investors are getting attracted towards bitcoin, banks have not accepted bitcoin yet. Rather, banks strongly oppose bitcoin. In view of the popularity of bitcoin among the people, some countries are considering declaring it legal, and if this happens then the government there is a debt on bitcoin.
Currently, it is clear that there is still no bank that has made bitcoin an asset that can be traded or stored as an attractive investment.
but all on the way must be able to accept the development of a renewable technological advancement including bitcoin.
no one can avoid the progress that will continue to move and make bitcoin to be reckoned with in the future.
Indeed, banks are always affected by where they are, it is clear that if the state has not accepted it as a transaction tool, it is certain that banks must do the same. Bank is an extension of the government's role in the field of finance in providing facilities for progress for those in need.
if the government is willing to accept and ratify it, it is certain that the bank will also do the same thing and cannot avoid it.
but technological progress can certainly be accepted by anyone and it will definitely be done because if it is not done then they will be left behind. so in due course bitcoin will receive the opportunity.