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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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.
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.
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.