Fall of cryptocurrencies, rise of e-fiat currency?

 have been rolling on pretty rocky terrain for a long time and it remains to be seen what will happen when the first digital currency issued by the central bank is launched. Sweden has indeed expressed the wish to publish a national digital currency in the coming two years. Given the gradual decline in the use of cash in the country, the Riksbank - Sweden's central bank - is investigating this scenario. The e-crown, as they expect to call it, is conceived as an instrument that plays the same role as the tangible crown: a currency independent of intermediaries, accessible to every citizen and usable for every type of payment. regardless of its value.

Sweden is not the only country that has considered the possibility of launching a digital version of the national currency. The Bank of England, the Bank of Canada and the Bank of Israel have established working groups to better understand the implications of such a project and to assess their usefulness and necessity. Although they are still in an exploratory phase, this could potentially affect cryptocurrencies around the world at a time when ICO (Initial Coin Offerings) appears to be the most popular product on the market.

Bitcoin certainly had problems last week after South Korea announced the possibility of closing all cryptocurrency exchanges, a news that reduced the value of Bitcoin by 25%. A final decision must be made today about their fate in the country that is organizing the Winter Olympics this year. But no matter what the outcome is, these drastic fluctuations show how cryptocurrencies are unstable and unstable, so many experts wonder if they can ever replace legally regulated and legally valid legal or digital currencies.

Even one of the most admired investors in the world, Warren Buffet, made it clear that his investment company and investment company did not intend to go that way because they "cryptocurrencies" will end badly. Software giant Microsoft and Steam's digital distribution platform have also stopped accepting Bitcoin as a payment method due to "high commissions and volatility."

Although there is now a lot of hype about reporting, Telegram's announcement of a new ICO, which should be one of the largest ever, may be the time to ask why a growing number of countries depend on (or already have) ) a series of restrictions and regulations imposed on these anonymous and virtual "spaces". From China to Russia and perhaps also to Korea, governments are cautious - and rightly so - with regard to these "cryptos" that seem less and less a "currency" and more and more a simple speculation product.