In a stunning report coming from Richard Kastelein of Blockchain News, the International Monetary Fund has sounded the alarms and is now proposing to create their own crypto, but is calling it Central Bank Digital Currencies. A [paper]
(http://www.imf.org/en/Publications/Staff-Discussion-Notes/Issues/2017/06/16/Fintech-and-Financial-Services-Initial-Considerations-44985) released by the IMF outlines an idea for how the megalithic banking houses would be able to harness their collective ability to subdue the rise of cryptocurrencies and place them in a subservient role.
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