Government Cryptocurrency

[Kunkun]

Well I feel we would be seeing more of these as times goes on, I see China already have their coin so more countries might follow suit, fingers crossed on how things turn out

 

[eLdavis]

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.

This is already taking place even countries now want to have their on crypto that would serve as a stable coin which is being backed by their flat currency. Even my country has started making talks about creating their own crypto currency

 

[ahmedo24]

This is already taking place even countries now want to have their on crypto that would serve as a stable coin which is being backed by their flat currency. Even my country has started making talks about creating their own crypto currency

That's just it which is don't see to be a good move, countries should support cryptocurrencies so that there stablecoins can grow faster because investment will become much easier.

 

[Sotherefore]

I did not even know what will be the characteristic of the cryptocurrency that will be created by the government, if it's going to be a stable cryptocurrency or a volatile cryptocurrency, I just pray it will be a stable cryptocurrency

 

[Senator]

It will be very nice to see any government back it's own cryptocurrencies out there. That will give credence to the cryptocurrencies market globally indeed

 

[Justin]

We are yet to see a very successful government currencies. Governments from the western world are yet to release their own crypto currency even though they are already discussing about central bank digital currency.

 

[Dowenship]

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?

Its called something have forgotten and is not that they they have any crypto currency for now unlike China with Yuan finance. But they are making research on there own coin...

 

[mcjerry]

Any crypto currency that can be created by a country and govern by the country will do well especially country like United States of America. If it is true that they are having there own. It will be good

 

[Alexandoy]

Well I feel we would be seeing more of these as times goes on, I see China already have their coin so more countries might follow suit, fingers crossed on how things turn out

You have to take note that China's digital Yuan is not a crypto coin. It is just a digital version of their physical Yuan which value is the same of the Yuan. I don't think the digital Yuan can be traded because it is a government issue and not of any blockchain like the crypto coin.

 

[Kelly5]

I am still very skeptical about the planned government digital currency in my country. I do not think it is even going to be a cryptocurrency because if it is not cryptocurrency, it simply can't be a cryptocurrency

 

[Setfragil]

Government cryptocurrency will never work the way normal cryptocurrency works. We will never enjoy the anonymous accounts that we use in cryotos and it will be strictly monitored.

 

[ahmedo24]

Government should not stress themselves creating a Crypto currency they should just regulate the existing ones and allow people to make choices for themselves.

 

[Kingstone]

Yeah. I think I have heard some countries that have decided to own their digital currency. This will be a major boost in the economy but I pray they will not place ban on others that are available now.

 

[Josemendez]

Government should not stress themselves creating a Crypto currency they should just regulate the existing ones and allow people to make choices for themselves.

If I remember correctly , what the government are trying to create is the digital version of their Fiat currency, CBDC. I have not read of any government trying to create their own cryptocurrency

 

[ahmedo24]

If I remember correctly , what the government are trying to create is the digital version of their Fiat currency, CBDC. I have not read of any government trying to create their own cryptocurrency

Yeah , most of them are just trying to create the digital version of their Fiat Currencies probably thinking that they can use that to discourage people from cryptocurrencies I wouldn't know

 

[Immilash]

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

 

[Stylex]

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.

 

[Nomad]

Governments are not trying to launch their own crypto currencies, they are trying to launch their own digital currency, digital currency is different from crypto currency.

 

[eLdavis]

Governments are not trying to launch their own crypto currencies, they are trying to launch their own digital currency, digital currency is different from crypto currency.

Hmmm from what you have said it means the coins the government plans on launching would not run on the Blockchain network. They are simply creating a digital currency that cannot be seen on touched physically

 

[Lens]

I have not heard about the US government establishing it's on cryptocurrency. But I know of the CBDC project which employs the use if blockchain technology. This CBDC projects are undertaken by the central banks of the interested countries. Maybe this what the US government is looking at.