Cryptocurrencies are a prime example of the struggle of old versus new, of revolutions and resistance, as digital coins challenge people’s ideas of what is possible. With crypto mania sweeping the world, a handful of countries have stirred at the possibility of issuing their own virtual currencies based on blockchain. Governments around the world — including the U.S., Russia, China, Canada, Venezuela, Estonia, Sweden, and Uruguay — are either actively working on some form of digital currency or exploring the topic.
Venezuela’s president is pitching a proposed virtual currency each unit of which would be backed by one barrel of oil. Russia’s central bank plans to talk to countries including Brazil, China, and India about creating a supra-cryptocurrency that could cover countries with 40 percent of the world’s population. People’s Bank of China wrote an article broaching the possibility of a digital currency it would issue with Chinese commercial institutions. In Sweden, where use of cash is vanishing, the central bank is investigating issuing its own digital currency, the E-krona, out of concern that widespread use of other virtual currencies controlled by private actors could harm competitiveness.
As you can see, cryptocoins have quite good prospects on a governmental level. We cannot but be happy about this fact, as FEON cryptobank totally advocates for such treatment of cryptocurrencies. The more people know about possibilities of cryptocurrencies and trust them, the faster our world will change. FEON wants to be your helper in this digital economic world. As a cryptobank we offer a wide range of services available from any point of the world. If you need any further information, click www.feon.io