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National cryptocurrencies as a trend in 2019

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It is expected that in 2019 several countries will launch national cryptocurrencies at once. Some of them will be used exclusively for interbank payments, and some will be available to ordinary citizens. It so happened that on one day several important news about this came at once.

Fraud around national tokens

The Asian region most quickly accepted the idea of practical use of the blockchain. And the clear leader in this row was South Korea. Therefore, it is not surprising that the Central Bank of this country is expected to introduce a national cryptocurrency.

However, the Central Bank of South Korea said - here they don’t see the need to transfer national payments to blockchain. The authorities have studied this issue, but are not sure whether this step is appropriate. As stated by the representative of the Central Bank, it is worth more to deal with the economic rationale for the launch of a national cryptocurrency.

The statement was made after a company in Singapore began to attract investors. A site was opened where fraudsters published false information. They stated that the Central Bank of Singapore began issuing national tokens. And this company is the exclusive seller of this financial asset. In addition, the resource was aimed at conducting hacker attacks using phishing. Therefore, in the near future it is worth forgetting about the national cryptocurrencies of South Korea and Singapore.

The reality of state tokens

However, fraudsters are not activated from scratch. Several important events speak of a change in trend in financial relations. Thus, the promotion of a project to launch a cross-border cryptocurrency of the UAE and Saudi Arabia has intensified. The process moved to the stage of practical testing, and the coin itself has already been named Aber.

Chinese authorities said sooner or later the country's cryptocurrency will replace traditional money. And work in this direction is already underway. These words were spoken by the deputy head of the Central Bank, Fan Yifei, against the background of a deepening dispute between the United States and China. The same American pressure forced Iran to more actively develop its cryptocurrency. There is preliminary information that it will appear in the near future.

From all this we can conclude - sooner or later, the financial picture of the world will change greatly. National cryptocurrencies will become ordinary, and they will be able to replace the current payment systems.

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