Crypto Currency cont.....

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                                                     Image result for Publicity of Crypto-Currency :


     Publicity of Crypto-Currency :

  •        Central bank representatives have stated that the adoption of crypto currencies such as bitcoin pose a significant challenge to central banks' ability to influence the price of credit for the whole economy.
  •         They have also stated that as trade using crypto currencies becomes more popular.
  •         Gareth Murphy, a senior central banking officer has stated "widespread use of crypto currency would also make it more difficult for statistical agencies to gather data on economic activity.
  •       which are used by governments to steer the economy".

  •         He cautioned that virtual currencies pose a new challenge to central bank’s control over the important functions of monetary and exchange rate policy.
  •         However , the founder of Robocoin launched the first bitcoin ATM in 2014.
  •         In 2017 , 1574 bitcoin ATMs were installed around the world.

Click here to Legality of Crypto Currency .....

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