Vitalik Buterin Not Worried About Nations Creating Own Digital Currency

Blockchain, FinTech, Innovation, News, Regulation | October 18, 2017 By:

Vitalik Buterin, the co-creator of ethereum, said Tuesday that sovereign countries lack the ability to create cryptocurrencies, as some have indicated they plan to do.

Buterin, who himself is partnered with Russia in a company working on devising a cryptocurrency via Ethereum Russia, said the central banks talking about such an endeavor lack the understanding to execute such projects.

“If there is [such plans] it will be a server and a bunch of marketing buzzwords to make it look like a blockchain,” Buterin claimed.

Buterin spoke at a conference hosted by Ripple, the company behind the digital currency XRP and is working with various banks on payment transfer systems.