Will you invest in a cryptocurrency entirely controlled by a government?

[KvngMurphy]

Not at all. I don't trust this government for any reason because they're all about themselves with zero care or tolerance for the masses which isn't fair at all. Government banned crypto currency simply because they weren't benefiting from what the masses invest or trade. Is that not evil?

 

[Olaoluwa Abraham Abiodun]

If government begins to control cryptocurrencies that means we are back to where we stop in physical cash and the rest.
Cryptocurrencies are not legal tender in any jurisdiction; they, unlike the conventional currencies issued by a monetary authority, are not controlled or regulated and their price is determined by the supply and demand of their market.

 

[Sotherefore]

I like cryptocurrency as a whole and if I need to save my money in whatever way I will choose to save my money as a cryptocurrency because I do not need most of my money now because I have other sources of income that I've been giving me extra money to take care of my needs.
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I like cryptocurrency as a whole and if I need to save my money in whatever way I will choose to save my money as a cryptocurrency because I do not need most of my money now because I have other sources of income that I've been giving me extra money to take care of my needs.
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I like cryptocurrency as a whole and if I need to save my money in whatever way I will choose to save my money as a cryptocurrency because I do not need most of my money now because I have other sources of income that I've been giving me extra money to take care of my needs.

 

[Ehizzy1]

I dont think the government would consider making a digital version that could flunctuate I think , they would just create te normal stable digital coin ,since they would see that as a better choice than the normal crypto currency , i think that how its definitely going to work i think , so if they create it would still be okay and i will use it

 

[Donkiz]

I will not invest in any government owned or government backed cryptocurrency. The reason lots of people like cryptocurrency is because is decentralized, unregulated and guarantees the anonymity of the user. This unique features will not be obtainable in the government cryptocurrency.

 

[Hasan Raza]

I don't consider anything to be in it to the extent the framework will be on par with what it was before the public authority dominated. Just somebody who is a fraudster will be apprehensive or careful about putting into that cryptographic money if being constrained by the public authority.

 

[Kamon c4]

I can’t dare invest in any government cryptocurrencies unless it’s going to be a stable cryptocurrency. Volatile cryptocurrency controlled by the government is vulnerable to instability due to different political activities and this wouldn’t be good for business

 

[Victor001]

Its a simple no, a government that is unreliable to them self, a government that lacks financial implementation skills, this are things that can never happen. In couple of years the cryoto market would have crashed.

 

[ahmedo24]

No government has launched any Crypto Currencies what the China government launched is digital centralized stable coin which is just the online version of their Currency, no government can control cryptocurrencies they can only regulate them. Let us understand that there is difference between Crypto currencies and Digital coins.

 

[Adetayo100]

I can not invest in a crypto currency entirely controlling by the government, the decentralization of the coin is what make it unique, no government of any country can control the value of Bitcoin, that is why it has so much high value right now.

 

[Irfanali]

Cryptocurrencies are not legal tender in any jurisdiction. Unlike traditional currencies issued by monetary authorities, they are not controlled or regulated and their value is determined by the demand and supply of their market.

 

[Sake]

Depends if it's a stable coin. I don't think they will create a coin that has a high Volatility because they can manipulate the price freely specially if the creator was the US government. It will be very risky and well i might not invest on it. Governments always moves with selfish agendas

 

[Joseph555]

Thank you very much for this question but let me inform you that I will not invest enable currency that is main god of the country is gone that will be my greatest mistake but I will never do it come to think of it the government has never had a people interest in mind please come lie in bed with naked to communicate

 

[Sutrahen]

the government are know for manipulating the economy to suite their goals. A crypto controlled by government is not a safe one for me. Volatility is what makes the money and the government likes stability. I would not invest in such.

 

[Aniwhyte]

Investing in a cryptocurrency that is owned and controlled by the government is quite very risky but still if it eventually happens I would give it a try, but one thing I won't do is investing in crypto owned by Nigeria government or any African country. The risk is overwhelming.

 

[Segshowee]

In recent time, the news about governments launching their own cryptocurrency is becoming widespread. It started with China launching the digital Yuan about 5 years ago. The Chinese cryptocurrency is not yet available to trade. It is also heard that India is working on its own cryptocurrency that will be a digital version of the rupee. These cryptocurrencies launched by the government will be backed by the local currency deposit in their central bank. How much digital currency they will create will depend on the reserve they have.

The government-owned cryptocurrencies go entirely against the protocol of bitcoin. Bitcoin was launched as a decentralized digital currency that can be created (mined) by anyone. However, the government-owned cryptocurrency will be nothing more than the digital version of their fiat money.

One of the things that endeared investors to cryptocurrency is its decentralized nature. Any coin that is under the influence and control of the government has lose its decentralized nature. Owing to this, I will not invest my money into a coin like that.

 

[Prettybabe]

I can choose to invest in a cryptocurrency controlled by the government or not, depending on how the government goes about it.

If it's something that is very transferred and does not come with limitations like the fiat, I could invest in it.

 

[Shahzaib37]

In recent time, the news about governments launching their own cryptocurrency is becoming widespread. It started with China launching the digital Yuan about 5 years ago. The Chinese cryptocurrency is not yet available to trade. It is also heard that India is working on its own cryptocurrency that will be a digital version of the rupee. These cryptocurrencies launched by the government will be backed by the local currency deposit in their central bank. How much digital currency they will create will depend on the reserve they have.

The government-owned cryptocurrencies go entirely against the protocol of bitcoin. Bitcoin was launched as a decentralized digital currency that can be created (mined) by anyone. However, the government-owned cryptocurrency will be nothing more than the digital version of their fiat money.

Yes, i am starting to invest in cryptocurrency and trade of my money it is very important for me to get more profit and there are many trading website built for trade your money and cryptocurrency as well now cryptocurrency is a part of my life.

 

[Tinaconcept]

If the cryptocurrency is being regulated by government and the system is still good that the government tries to regulate their systems though with ten regulating cryptocurrency the idea of cryptocurrency circulated online will be defeated. I still prefer cryptocurrency the way it is

 

[Heatman]

In recent time, the news about governments launching their own cryptocurrency is becoming widespread. It started with China launching the digital Yuan about 5 years ago. The Chinese cryptocurrency is not yet available to trade. It is also heard that India is working on its own cryptocurrency that will be a digital version of the rupee. These cryptocurrencies launched by the government will be backed by the local currency deposit in their central bank. How much digital currency they will create will depend on the reserve they have.

The government-owned cryptocurrencies go entirely against the protocol of bitcoin. Bitcoin was launched as a decentralized digital currency that can be created (mined) by anyone. However, the government-owned cryptocurrency will be nothing more than the digital version of their fiat money.

I think it's just fear by the government on what cryptocurrency can be able to do in terms of giving their citizens the financial freedom that they have been chasing all of their lives. It would also make the fiat currency almost useless, so I think it's enough for them to hate on cryptocurrencies.