Dash Core Group CEO: State Cryptocurrencies - The Inevitable Future

Dash Core Group CEO Ryan Taylor said that cryptocurrency issued by central banks is "the inevitable future." However, he noted that people themselves will decide what forms of money and when to use.

In a conversation with the Cointelegraph at the "Money20/20" conference, Taylor said that central banks have advantages in issuing their own cryptocurrencies. However, it all depends on the adoption of such coins by the market: "the free market can certainly develop a better embodiment of money than the government."

"I do think it's inevitable. They [governments] all are going — through either competitors' pressure or through their own desires — to launch their own cryptocurrencies. But I don't think it is where the greatest innovations will occur." Taylor stressed.

In addition, the head of the Dash Core Group noted that in the near future, all countries in the world would begin to regulate cryptocurrency. He even predicted the control of cryptocurrency in the United States as early as next year.

"Small countries will prepare regulation even faster, because the risks [for them] are less," said Taylor. 

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