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

[Ralphjoe]

If the government of my Country decides to start regulating cryptocurrencies exchange platform or a total control of cryptocurrencies entirely them I will gladly still invest in cryptocurrencies because I actually have nothing to hide.

 

[Mawome]

The type of the system of government will determine becouse, in my own country the government has no clue, others countries are busy embracing crypto currency seeing it the solution to their economy am telling you our government has no clue of what crypto currency can do

 

[Sheyemanu]

Concerning the topic at hand, I would say,
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, regulated or centralized and their price is determined by the law of supply and demand

 

[westmania]

I will probably not. These kind od crypto will be banned anytime as per government decision and further hassle i know government very well so should not hold long time at least. Government issues bank note and crypto not same. Crypto they can control anytime.

 

[KingAries]

In the clime where I am from, I would never ever make that error except there have been a drastic change in our leadership. We have a government that seeks to exploit the people and make their pockets richer in the process. So investing in a cryptocurrency controlled by the government is a no no for me.

 

[tuna89]

I currently invest in cryptocurrency and would definitely invest more if it is fully backed or controlled by the Government because i believe that the Government control of crypto would reduce fraud in crypto as all transactions would be well monitored and illegal transactions tracked or reversed to enable safety.

 

[Heatman]

If the government of my Country decides to start regulating cryptocurrencies exchange platform or a total control of cryptocurrencies entirely them I will gladly still invest in cryptocurrencies because I actually have nothing to hide.

Exactly, what do we stand to lose in essence? It's only a few taxes the greedy government and central bank of Nigeria are looking at imposing on cryptocurrencies trading that we are going to charged which won't still beat our profit margins.

 

[kayode10]

There is no way I am going to invest in cryptocurrency controlled by the government. The reason is that government will find a way to extort money from you either by levying a tax on you are a commission. government are very good at manipulating the price of things in favour of their own people. I don't invest in something that have no control over.

 

[Alexandoy]

To be frank, crypto currency is a digital commodity that is not real. It is like a plaything that is sold in the market. When I was young we play marbles. When someone wins all the marbles the other kids will buy from him. Those small transaction of buying and selling marbles can be likened to crypto except that the marbles are for real while the crypto is just words. If the government will regulate the crypto then maybe I will invest on it.

 

[Jlife]

First of all the price and the rising up of cryptocurrency is not controlled by the government or any government of this world because the price of cryptocurrency is determined by the demands and supply of cryptocurrency but in case a cryptocurrency is controlled by the government, I will always invest in it as far as it is okay.

 

[Heatman]

If the government of my Country decides to start regulating cryptocurrencies exchange platform or a total control of cryptocurrencies entirely them I will gladly still invest in cryptocurrencies because I actually have nothing to hide.

Exactly, what do we stand to lose in essence? It's only a few taxes the greedy government and central bank of Nigeria are looking at imposing on cryptocurrencies trading that we are going to charged which won't still beat our profit margins.

There is no way I am going to invest in cryptocurrency controlled by the government. The reason is that government will find a way to extort money from you either by levying a tax on you are a commission. government are very good at manipulating the price of things in favour of their own people. I don't invest in something that have no control over.

The truth of the matter is that it's actually what the government have been planning on doing for a very long time now and it have eluded them for a while but now the complete ban seems to have given them the opportunity they have been looking for. Hopefully, there will be a way out for cryptocurrency trader.

 

[Ravish]

The factors that matter most to you when buying commercial property are going to be different than those for another buyer. Especially if this is your first commercial real estate transaction, you don’t want to rush into a decision based on something someone else has done. While in the consideration phase of buying real estate, there are some essential things you’ll need to ask yourself, so you end up with the right property for your intended purposes.

 

[Tundeoguns1]

Will you invest in a crypto currency entirely controlled by the government. That's is a very good question. Well for me am not sure I can invest in a crypto currency entirely controlled by the government, well not all the government are on the right side. They can change the policy any time that want.

 

[Patrik]

yeah why not, if there is surely a profit, i would do it with pleasure, also not to forget that government controlled things have high security measures which means our money will be in the safest possible place

 

[Heatman]

Will you invest in a crypto currency entirely controlled by the government. That's is a very good question. Well for me am not sure I can invest in a crypto currency entirely controlled by the government, well not all the government are on the right side. They can change the policy any time that want.

So simply because the government wants to have a say in the dealings of cryptocurrencies trading doesn't mean we are not to deal on cryptocurrencies ever again? So, we are to quit making money from trading on cryptocurrencies because of what? Let the government do anything they want, I'm stuck on cryptocurrencies full time.

 

[Ralphjoe]

Exactly, what do we stand to lose in essence? It's only a few taxes the greedy government and central bank of Nigeria are looking at imposing on cryptocurrencies trading that we are going to charged which won't still beat our profit margins.

The truth of the matter is that it's actually what the government have been planning on doing for a very long time now and it have eluded them for a while but now the complete ban seems to have given them the opportunity they have been looking for. Hopefully, there will be a way out for cryptocurrency trader.

The thing is that as the government of Nigeria is banning cryptocurrency, more international trusted financial institutions are backing it and are investing into it. The latest of them now is that MasterCard has decided to start accepting cryptocurrencies as a medium of payment. The present Nigerian government are taking this country backward.

 

[Umerfarooq]

At the end of the day, making money while you sleep is just another term for passive income. It's just about the money that comes in automatically every month, without the need for extra care. Most people think of immovable rental income as immovable property

 

[BrolySSJ]

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 that when it comes to a digital version of their fiat currency that this is just a way or rather an attempt at them trying to bridge the gap between cryptocurrency and fiat currency. This way you can use your fiat on an exchange as a tradable pair with all of these coins which I am sure will be good for the country and their currency.

 

[Kelvin7656]

This report surveys the legal and policy landscape surrounding cryptocurrencies around the world. This report covers 130 countries as well as some regional organizations that have issued laws or policies on the subject. The past four years have seen cryptocurrencies become ubiquitous, prompting more national and regional authorities to grapple with their regulation. The expansive growth of cryptocurrencies makes it possible to identify emerging patterns.
[automerge]1613157854[/automerge]
This report surveys the legal and policy landscape surrounding cryptocurrencies around the world. This report covers 130 countries as well as some regional organizations that have issued laws or policies on the subject. The past four years have seen cryptocurrencies become ubiquitous, prompting more national and regional authorities to grapple with their regulation. The expansive growth of cryptocurrencies makes it possible to identify emerging patterns.
[automerge]1613157859[/automerge]
This report surveys the legal and policy landscape surrounding cryptocurrencies around the world. This report covers 130 countries as well as some regional organizations that have issued laws or policies on the subject. The past four years have seen cryptocurrencies become ubiquitous, prompting more national and regional authorities to grapple with their regulation. The expansive growth of cryptocurrencies makes it possible to identify emerging patterns.

 

[Heatman]

The thing is that as the government of Nigeria is banning cryptocurrency, more international trusted financial institutions are backing it and are investing into it. The latest of them now is that MasterCard has decided to start accepting cryptocurrencies as a medium of payment. The present Nigerian government are taking this country backward.

Yes exactly, I saw that this morning when I was setting up my Binance cryptocurrency wallet. I saw that they have already linked up with Mastercard and it's such a good thing. Let the Nigerian government be fooling themselves, and keep thinking they are doing us.