Government Cryptocurrency

[Grant]

A while back I heard the US actually had their own cryptocurrency, or was looking to start one of their own. Is that true? if so, would you ever invest into a cryptocurrency owned and started by a government? I honestly don't know. As it could result in pay, but who knows how the government will work it out. They could impose extremely strict rules as well. What do you think though?

 

[GoldenLady]

A while back I heard the US actually had their own cryptocurrency, or was looking to start one of their own. Is that true? if so, would you ever invest into a cryptocurrency owned and started by a government? I honestly don't know. As it could result in pay, but who knows how the government will work it out. They could impose extremely strict rules as well. What do you think though?

My main problem with any cryptocurrency owned by a government would be the excessive control.

I love the volatile and unpredictable nature of cryptocurrency, and I don't think any government would like their currency that way.

 

[Nurudeen]

If any government plans to start their own crypto currency exchange Business that means it will definitely legalize the business all over the world then because a lot of government are already banning the business in their country just because they don't have power to regulate the system

 

[Shigobad2020]

A while back I heard the US actually had their own cryptocurrency, or was looking to start one of their own. Is that true? if so, would you ever invest into a cryptocurrency owned and started by a government? I honestly don't know. As it could result in pay, but who knows how the government will work it out. They could impose extremely strict rules as well. What do you think though?

And this will be the beginning of crypto currency problems in the world, The United States are trying to ban the use of crypto currency in countries like Nigeria , India and some other African countries because they believe people are using it to launder money into the country, let's now imagine what will happen if US has it own crypto currency.

 

[Nicklas22]

Government owning a crytocurrency is going to be quite good, there will be less volatility but just that the control will make everything slow, the will decide to have full control over everything which is not going to be good for those trading or investing in such cryptocurrency

 

[tuna89]

There is nothing wrong in the Government owning their own crypto, this can be achieved without tampering or affecting any other crypto, all they need to do is make sure that other major crypto likewise theirs should be integrates into exchange commission as well as providing rules that would favor every user of crypto.

 

[Abbeyola]

A while back I heard the US actually had their own cryptocurrency, or was looking to start one of their own. Is that true? if so, would you ever invest into a cryptocurrency owned and started by a government? I honestly don't know. As it could result in pay, but who knows how the government will work it out. They could impose extremely strict rules as well. What do you think though?

It is will be a very good idea of government can have their own digital currency, it will make things and finance easy for the citizens and masses at large in terms of transactions of goods and services, as well as other business.

 

[Monster Masterpiece]

Just because cryptocurrencies are not involved in laws of the country so they must be involved in laws and regulation before to start trading with otherwise it is illegal for a country.

 

[Niftyyem]

I really doubt that any government owned coin would be as volatile as the others, they would likely go in the way of stable coin and that would be similar to digitalizing the fiat currency.

 

[FreshKaz11]

A while back I heard the US actually had their own cryptocurrency, or was looking to start one of their own. Is that true? if so, would you ever invest into a cryptocurrency owned and started by a government? I honestly don't know. As it could result in pay, but who knows how the government will work it out. They could impose extremely strict rules as well. What do you think though?

I don't think I could ever invest in cryptocurrency own by the government, because they might be using it to track my trade of business. So I think am could with the cryptocurrency that is well known to the world but not owned by a country.

 

[Good-Person]

I really doubt that any government owned coin would be as volatile as the others, they would likely go in the way of stable coin and that would be similar to digitalizing the fiat currency.

Any government owned currency can be volatile. It is very important to note that even fiat currencies are volatile. I remember the price of dollar becoming much lesser prior to pandemic and right after the pandemic it's price skyrocketed. It then became less again and now it has returned to the same price as it was before pandemic.

 

[Lagazine]

I can't support such. If a government is owning a cryptocurrency platform, it's going to be regulated and their won't be much interest in it. A lots of them will always politicize the existence.

 

[Mostee501]

If government starts there own cryptocurrencies,it means investing in the government owned cryptocurrencies would be based on criteria and strict rules and regulations that might not be to flexible for individual.

 

[Niftyyem]

Any government owned currency can be volatile. It is very important to note that even fiat currencies are volatile. I remember the price of dollar becoming much lesser prior to pandemic and right after the pandemic it's price skyrocketed. It then became less again and now it has returned to the same price as it was before pandemic.

Those situations are not ideal enough for me to consider volatility in stable coins because they don't happen every day nor with not much significant impact on the coins. I wouldn't want to wait for pandemics or such conditions before gaining on my investments.

 

[Olubayo12]

A while back I heard the US actually had their own cryptocurrency, or was looking to start one of their own. Is that true? if so, would you ever invest into a cryptocurrency owned and started by a government? I honestly don't know. As it could result in pay, but who knows how the government will work it out. They could impose extremely strict rules as well. What do you think though?

The idea of government having their own Cryptocurrency is nothing but a way of manipulating the citizens. for instance, in my country, you are not allowed to carry out any Crypto related transactions on your bank account. This is a clear indication that government really hates Crypto here, so if the same government now brings out her own Crypto what can we call that?

 

[QalabDogar1906]

A while back I heard the US actually had their own cryptocurrency, or was looking to start one of their own. Is that true? if so, would you ever invest into a cryptocurrency owned and started by a government? I honestly don't know. As it could result in pay, but who knows how the government will work it out. They could impose extremely strict rules as well. What do you think though?

I think working on internet and earn money such as dollars and cryptocurrency is very usually in our daily routine so we should work hard and earn money for their family and friends . I also suggest you to do business with hard work and earn money

 

[Sincerem]

I'm not a whale investor to buy from government. I'm just a small investor, i can't even afford to buy up to $200 worth of Bitcoin at the moment, talk of buying government exorbitant funds. That's completely unreachable for me at the moment.

 

[Good-Person]

Those situations are not ideal enough for me to consider volatility in stable coins because they don't happen every day nor with not much significant impact on the coins. I wouldn't want to wait for pandemics or such conditions before gaining on my investments.

The fiat currencies are less volatile. I do know that. However, no one can say similar thing about government made cryptocurrency. I do not know what a government made cryptocurrency will look like. However, the decision of "banning" cryptocurrencies by many countries are making me think that governments want to wage a war against cryptocurrencies. Government made cryptocurrencies might be highly volatile. For example, the Chinese Digital Yuan (a cryptocurrency that was made by the Chinese government) is highly volatile. It's estimated value was $0.005 in the year 2020, but now in the year 2021, it's estimated value is $0.02.

 

[ahmedo24]

The way cryptocurrency is going it is very likely that almost all companies or in reputable institutions we like to have their own coin just as we have seen some football clubs already having their own cryptocurrency tokens or coin.

 

[Sincerem]

The fiat currencies are less volatile. I do know that. However, no one can say similar thing about government made cryptocurrency. I do not know what a government made cryptocurrency will look like. However, the decision of "banning" cryptocurrencies by many countries are making me think that governments want to wage a war against cryptocurrencies. Government made cryptocurrencies might be highly volatile. For example, the Chinese Digital Yuan (a cryptocurrency that was made by the Chinese government) is highly volatile. It's estimated value was $0.005 in the year 2020, but now in the year 2021, it's estimated value is $0.02.

Government made their own digital currency after their own fiat currency. The chinese government is one of them. They made their yuan successfully without any ones interruption. But now they want to interrupt those popular coins, which is cruel.