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Government Cryptocurrency

  • Thread starter Thread starter Grant
  • Start date Start date
Government Cryptocurrencies will not differ much from digital money which is pegged to local money, regulated and controlled by the government but, I don't think, will have much impact on actual cryptocurrencies.
 
There is hardly anyway to profit from currencies similar to stable coins because that is what digital versions of fiats are. They are not meant to be investment tools.
 
I think what government wants to do is digital currency and not really crypto currency because not all digital currency are crypto currency.
 
Well it can be possible for them to start their own cryptocurrency operation but I personally will not wish to patronize their cryptocurrency because it will be somehow centralized and their will certain limitation to some of the areas of operation.
 
A lot remains to be seeing about just exactly what various government in the world today try to achieve by creating their own cryptocurrency.
 
I don't think governments are trying to create crypto currency. If you mean Central Bank Dgital Currency as a government crypto currency, it is not exactly a crypto currency but the digital version of fit money created by fiat reserve.
 
The reason why governments are now coming on board to introduce their own coin into crytocurrency market is because of the treats that crytocurrencies are now leaving. The normal fiat currency are now gaining less value and digital coins are now use almost everywhere as they are universal
 
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.
 
Owning a cryptocurrency by the government will be beneficial; there will be less volatility, but the control will slow things down; the government will decide to have complete control over everything, which will be detrimental to individuals trading or investing in such coin.
 
I can't say. The government trying to have their cryptocurrency could be because of different reasons; to make a profit, to reduce citizen use of another crypto or even to have a handle on the crypto market.
 
Government can create cryptocurrency no doubt but this won't in anyway attract investors because obviously no one is interested to invest in cryptocurrency that are stable without any future plan of becoming valuable.
 
Jlife said:
This will actually be a good news to all cryptocurrency investors because this will actually make cryptocurrency to be legalised into the normal system including the government and which will take the price of most of the potential cryptocurrency to a very high level.
Click to expand...
Do you really think tat the involvemant of government into the cryptocurency trading and market can actually make the price to go up? i think that the involvement of governmant will make crypto to be more regulated and controled,which will defeate the essence of crypto.
Jlife said:
This will actually be a good news to all cryptocurrency investors because this will actually make cryptocurrency to be legalised into the normal system including the government and which will take the price of most of the potential cryptocurrency to a very high level.
Click to expand...
Do you really think tat the involvemant of government into the cryptocurency trading and market can actually make the price to go up? i think that the involvement of governmant will make crypto to be more regulated and controled,which will defeate the essence of crypto.
 
Last edited by a moderator:
A lot of countries are planning to develop their own digital currencies and I think that will be their own form of cryptocurrency. But the thing is that it will be very stable except countries that their economy is not much stable.
 
Jlife said:
This will actually be a good news to all cryptocurrency investors because this will actually make cryptocurrency to be legalised into the normal system including the government and which will take the price of most of the potential cryptocurrency to a very high level.
Click to expand...
Do you really think tat the involvemant of government into the cryptocurency trading and market can actually make the price to go up? i think that the involvement of governmant will make crypto to be more regulated and controled,which will defeate the essence of crypto.
 
I don't even have the interest to invest in any government digital currency because it is just like investing in a stable coins , most specially that of a country in which the economy is depreciating. I rather choose a volatile asset then stable.
 
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.
 
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