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

[Ralphjoe]

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.

The thing is that all those guys that are representing Nigerian government are from the analogue age. They don't see the benefits in cryptocurrencies even when the most richest man in the world is so much interested in it to the extent that he invested his fortunes into it. The Nigerian government may wake up and see that the world has moved and left them behind with those kind of analogue thinking of theirs.

 

[sam386150]

If cryptocurrency I totally controlled by Federal government,they will not stop me from University online rather I will only minimise the level of my basement, that is the amount they invest and I will not keep my money for a longer time before withdrawal.

 

[Bholozy]

Even n though this look entirely impossible but incase it happens, I cannot invest in such crypto currency especially in my country where transparency is impossible in the government sector and such account might be frozen without any good reason. Government owned investment is the greatest and most unpredictable one can ever invest into

 

[Highflyer]

No I can't invest in any cryptocurrency controlled by the government of the Federal government of Nigeria, with the recent ban on cryptocurrency I don't advice anyone to do so either.

 

[unhappy triad]

Seem no reason why one who has interest in investing will hesitate solely because it's being controlled by the government. There is the stock market having laws governing it which bar with each nation. But that hasn't hindered people from investing there. So yes I will

 

[Ezzyoj]

Government that couldn't carry out the basic things they promised the masses we now start heading them, the will be loss. Don't put your money in government hands. Stay safe hustle more. Government officials or lenders are selfish, mindless, only think about them self and what one can do not lost every like that

 

[Kinglegend01]

This is a really complex and difficult for me to answer. My government here is very complicated and not actually been known to do things that are really good for the masses for a long time now. Seriously I think I might not invest in cryptocurrencies altogether but then again its money we are talking about so maybe yes I would invest in cryptocurrencies.

 

[Nurudeen]

I don't really think I can try such thing. Going into or Buying crypto currency controlled by the government is just like putting your money into fire. They will definitely come with policies that won't favour you in the long run

 

[Goodday]

I don't think I would take a decision to invest in crypto currencies regulated especially by the government. Their volatility and that of the volatility of the decentralized crypto currencies will never be equal and because of that it will be very difficult for you to control your investment and profits like how you do with unregulated ones.

 

[Samuel77]

according to my own point of view, if cryptocurrency is owned and controlled by the government I believe it will be more better because we will have guarantee that nothing bad can happen to us. Everybody trust in the government because we are the government

 

[CeeJase]

Never for once have I trusted government and their policies when money is involved. They are aim to gain more than is expected and leaving you to the currency equivalence at the end of the day. Look at how fiat is being handled by them.

 

[IamDozzy]

Well, if a government is going to create its own crypto just like China or India did (I am not sure of the country but one of this two did) then that cryptocurrency is going to have some level of stability and there would be an increased level of acceptance , so I'll likely Invest in that crypto.

 

[Aniwhyte]

Investing on cryptocurrency controlled by the government is actually a very great risk as they could make any harsh decisions on at at anytime and there would be little to nothing one could do as you have no one to complain to. It is very risky and I won't try such.

 

[tyrim88]

The reason many government want to go into cryptocurrency is the fear the trade of cryptocurency has gained globally,and this they reason will affect the value of their respective currency in future,reason some decided to create their own version of their currency in digital form.And also they want to be able to regulate trade transactions and funds transfer,which in most cases might be abuse with the use of unregulated crypto exchange.

 

[Justin]

I think that will be the most secured and safest investment on crypto currency. Investing on government crated crypto currency will be like investing on government bonds.

 

[Mostee501]

This means that individuals who will invest in government owned cryptocurrencies will be from that particular country and it will have restrictions which will not favour everyone.

 

[Muhammadawais]

What kind of parent would India be if she had a child? It seems that it will enjoy accompanying you on your honeymoon. So it was interesting that India put up with the bohemian concept of cryptocurrencies for so long. However, the government now intends to pass new laws that would render Bitcoin and other cryptocurrencies illegal. India also intends to launch its own digital currency, bringing crypto into the country.

 

[Senator]

It is becoming an inevitable direction that all government are heading towards. We all will have no option than to accept their cryptocurrency by all means

 

[Nomad]

The crypto currency controlled by the government or the crypto currency launched by the government is something like a stable coin (even if it may not be a stable coin)

 

[Heatman]

Personally, I don't really know how to say this but I still definitely have to say it because it's necessary. When it comes to investing in government coins, it's not a good idea.