Bitcoin Forum

With a continuous argument over cryptocurrency and the government, there are countries that support cryptocurrency and there are countries that don't. We know for a fact that some countries don't just support crypto, they're also planning on creating their own and the others have already launched one. But have you ever thought why would the government want to create a cryptocurrency when fiat is already doing good in the market?

Adapting blockchain technology and cryptocurrency always have a reason behind it, aside from technological development, cryptocurrency is slowly gaining attention but mostly they are decentralized cryptocurrency so the government must take actions because a government doesn't want something decentralized to run inside their country simply because they have no control over it. Some country sees it as a threat to them like China. But with their own national cryptocurrency, they can adapt to changes and at the same time, they can still control it.

Here are the list of countries with their own cryptocurrency:

1. Dubai (Encash)
First state-backed cryptocurrency back in 2017 and with this digital currency, it can be used for daily transactions like government and non-government services.

2. Venezuela (Petro)
We're all aware of Venezuela's struggle but back in 2018, Petro was launched and is said to be backed by oil and minerals reserve. This digital currency also have a purpose of circumventing US sanction and accessing international financing.

3. Estonia (Estcoin)
Has not been launched yet but it's hard not to expect from this because the country in general is a cryptocurrency friendly .

“An ICO within the e-residency ecosystem would create a strong incentive alignment between e-residents and this fund, and beyond the economic aspect makes the e-residents feel like more of a community since there are more things they can do together” said Vitalik Buterin.

4. Russia (cryptoruble)
The president showed an interest towards cryptocurrency however, Russian central bank hasn't yet showed any interest on the said crypto.

5. Sweden (e-krona)
Sweden aims to go cashless that's why they are still thinking about this cryptocurrency. But this cryptocurrency is so close from launching so we should just keep an eye on it.

6. Japan (j-coin)
Known as one of the friendliest country not only in Asia but around the world about cryptocurrency. Just like any other coin, it can be used for buying and selling of goods.

Source:
https://coinsutra.com/national-cryptocurrencies/

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Looking at it, there's a lot of countries that are positive towards cryptocurrency and if it continues, we can expect more country to start planning and launching their own digital currency. National cryptocurrency doesn't differ much from the traditional system because it's still like fiat but only in digital form.

Aside from the reason why the government launched cryptocurrency that I have mentioned above, this can also bring benefits to the government. With the adoption of cryptocurrency in a country, it can reduce expenses from printing money because it is already in the form of digital. Regardless of the reason behind launching it, it only means that the crypto population is growing rapidly and we can consider that as a piece of good news despite all the negative issues circulating. So what country do you expect to launch their own cryptocurrency next?

I don't know if this is a good idea or not...

A lot of the times if a country is in war with another country, they'll try to attack its currency system to make it weaker, there may be more of a way to do this if the funds are controlled by a central bank/government.

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Have these currencies yet seen acceptance in shops? Other than Venezuela who were accepting dash or dollars at some point, have any other countries actually taken on board the idea of giving shops ways to accept the currency.

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I'm also not sure if just inflation alone keeps the currency stable or whether counterfeit money also allows for the country's monetary system to run a little smoother (that being said inflation is actually measured by how much essential goods increase in value over time - milk, meat, bread, flour)...

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A fiat cryptocurrency also might hurt banks as it means they may have less power to produce money when necessary if its stored on a public ledger.

One information error. Encash is not really a cryptocurrency of any sort. It's like a wallet which can hold your dirhams pretty much in a same way the bank hold fiat money. It neither uses a blockchain nor it is known as cryptocurrency. So they can be removed from the list. Also I doubt Encash is still operational!

Also looking at the list, you can't say the governments are positive about cryptoa. Because as you have rightly pointed out, these are just digital representation of the traditional currencies. It saves cost for the governments and provides them great insight on every transactions.

We will see more and more government joining this league in coming years. But that certainly doesn't mean that they are positive or bullish about cryptos.

What we want is actually not what the government want, by them have their own state-issued cryptocurrency they'll just be cannibalizing the market for the real cryptos out there, and the bad thing about them having their own cryptocurrency is their is a chance that they can be biased when it comes to their own cryptocurrency like what India is trying to do in their own market where they have unfavorable laws for crypto yet they are trying to launch their own crypto. We just want for us to see Bitcoin to be mass adapted in our country not our government countering it with their own cryptocurrency, this will just make things worst and confuse a lot of people on what crypto is really all about.

I think I agree that this is not a good idea.

Let's say that some country has its own cryptocurrency and if another country maybe a group of people wants to take that country down, they would just try to manipulate the cryptocurrencies they have. Just imagine the power of the whales when that happens.

Judging from the presented list, there are still very few national stable or digital currencies of states. In the near future, their number will increase sharply, whether we want it or not, since many states are now working on their release. The emergence of digital currencies of various states will have both positive and negative sides for a decentralized cryptocurrency. In any case, this will arouse people's interest in a decentralized cryptocurrency and will provide a good incentive for its further development. At the same time, the massive emergence of stable digital coins of states will divert the means of people to use them as a means of payment. I think that people will have significant trust in such currencies, especially in the digital currency of their state.

I am not sure if the data presented is accurate. As pointed out already, Encash is not a cryptocurrency. J-coin, on the other hand, is not a cryptocurrency of Japan. If I am not mistaken, Japan does not have a state cryptocurrency yet, although it was studied and even recommended by their legislators as a reaction to China planning to launch their own digital Yuan. J-coin was a creation of a number of Japanese banks.

Countries going digital with their fiat is a normal shift because the age is already digital. Hard cash is not anymore the way to go in the future. For sure, the time will come when each and every country in the world will issue their own digital currency.

and this is not impossible to happen as i think,because whale power can control even the most powerful currency Bitcoin then what More those money created by each countries?yeah this is very risky on this point but maybe there are some regulation that each of them can provide so they will not be abused in times like that?those currency has been around for quite now yet manipulation still not in effect.

Whales are more active when they know a some conflicts about cryptocurrency. Some of them are just patiently waiting in the market until something happens. Each countries will experience conflict if the cryptocurrency they made is getting under the control of the whales and you have nothing to do with it because they have huge amount of money to invest. They are more likely to be a pests in the market that they don't give some chance to other to invest. They always manipulate the market no matter what currency or country they are in. So it is better to just focus on bitcoin, which is the world's famous cryptocurrency.

It's always good to see some adoption ongoing how small it is. And knowing that these are states of themselves introduces cryptocurrencies to the world and various measures these states/countries are taking in ordee for their own coins to be usable and available at most times.

Japan could be a notable country among them since they are known for being in the top countries and adoption by them could make other pessimist giants like US and China to look into cryptocurrencies as well.

1. Dubai (Encash)
As others have pointed out, not a cryptocurrency.

2. Venezuela (Petro)
A failed project that got nowhere.

3. Estonia (Estcoin)
Again, not a cryptocurrency (https://en.wikipedia.org/wiki/Estcoin)

4. Russia (cryptoruble)
Nothing serious about it, just speculation.

5. Sweden (e-krona)
Again,  no real plans (https://www.riksbank.se/en-gb/payments--cash/e-krona/) about it.

6. Japan (j-coin)
Not a cryptocurrency (https://qz.com/1566232/mizuhos-j-coin-doesnt-use-crypto-of-blockchain/) again, and is not issued by the state but by a private bank.

So, bottom line, till now we're safe from countries throwing a real cryptocurrency on the markets.

Not a good idea to repeat the mistakes of fiat currencies in cyber world. But incase it happens, there definitely will be "neutral" digital currencies (cryptocurrency for example) people will fall back on when their countries become tyrannical, or start falling apart or when disasters strike or when evil/lawlessness/corruption reigns. That currency or currencies will most likely be well decentralized currencies/cryptocurrencies.

Dubai's encash is more likely to be a digital financial instrument and not a cryptocurrency. It is simply having a digital wallet where you can convert your fiat money into a prepaid load that you can use for your transactions. Since it is a state-backed cryptocurrency, it has no difference with their country's fiat money. It has the same value.

Cryptoruble, on the other hand, isn't really supported by Putin. Having an interest in something doesn't mean its a good idea. The Russian government is still having their research so they would identify if cryptocurrency could be their advantage or not.

China also planning to create their own centralized version of crypto currency in near future but do they really hold any reason o exist here?

As far as I know, the printing of money is based on the gold reserve of a country. They will not be printing a lot of money that will exceed the value of the gold reserve of a country. Doing that will also be bad for the country. I think will still use fiat rather than the digital currency that they will be creating, I don't even think that it will be possible in our country.

It should be worth noting that as of this point, only Venezuela dared creating their own cryptocurrency from scratch, and have failed horrinbly just weeks after its launch date.

Governments are aware that what they would be launching may or not be supported by its citizens and the global economy. It's like launching new money out of thin air blatantly--but let's be real that they are doing this too sans actual cryptocurrencies. It would not be welcomed with arms wide open, but rather be bashed to death by non-believers and naysayers.

I'm pretty sure that there are also written laws within these countries' constitutions regarding the creation of a new currency system. It will undergo legal scrutiny and several senate and congress sessions before finally being accepted, and that's a long tedious process before a cryptocurrency from a state is born.

Some countries have made their own cryptocurrency coins, this is actually good news for the cryptocurreny world.
So mass adoption works well, in fact our main goal is to make cryptocurrency faster growth and can be legalized
all over the world. The following countries will follow to make their own crypto coins of course china. After china I
hope other big countries can make their own crypto coins.So it can get closer to the main goal

China is going to build one for themselves as well (even tho we don't know the name or what it will be like) that is missing from this list, and I personally feel like Libra will be american version, even if its not a governmental one, it is facebooks which is an american company and all of USA government will take a look at it very closely so it will have to be approved by the government, instead of likes USDT where it has absolutely no checks and balances.

So, that two will be HUGE in the future, even these small ones will not be looked at when those two comes out because all Chinese crypto people will start to use the Chinese stablecoin and all american people (and maybe a bit globally) will use Libra as well, these ones in the list combined won't have that power.

Like most users mentioned, soon China will be inculded in the list. I guess they would have been on it if not for the current health issues going on lately.
But then again, the issue of a country owning their own cryptocurrency kind sound somehow. Considering that there will be less autonomy and less decentralisation. Most governments knows they can't stop cryptocurrency instead they have to input their own.

China so far still excluded because they still didn't create their own crypto and indeed before corona virus outbreak china government was allocated money millions of dollar to develop blockchain technology and they seems really serious about it because they were hire the people who called blockchain expert for their project but seems this would be postponed project because currently china are more focus to healing people and eradicate corona virus

Wow! And we've been thinking all this time that banks and governments have been very excited about creating of Bitcoin!

Of course, they don't want anything outside of their control, let alone money, but we are currently at the point when no one's going ask them, what do they want.

First they were ignoring it. Then they were laughing at it. Now they are trying to fight it by creating their own cryptos. Well, I trust Gandhi on this one. They will fail.

I still wonder how the regulations will go. Because if one country makes their own stablecoin that means anyone else can follow the same rules and laws and make their own as well which can't be stopped because government did their own with their own rules and laws which means if they allow themselves to do it but won't allow others to do it with the same method, that would be a bit authoritarian and many countries in the world can't be like that since people would be disgruntled about it.

So in the end, they have to find a way to actually do it without making a stablecoin craze, put really hard rules against it that would be hard to replicate. There are private airlines for example but it is so hard to open one that usually governments have their own, it has to be like that.

I think I do not like the Idea of every country having their own cryptocurrencies because this way it's nothing more than the Fiat itself , it is the same time , how are you going to achieve the idea of a Global Economy .
Do you really think it would be any different than having the shares made out for your own country and also cryptocurrencies are supposed to be unregulated so they are away from all the corruption and politics .
This is just the recipe for that .
Just my own take on this don't wanna offend anyone.

this isnt just your opinion but its the opinion of the majority too .  like you im also against if a country is creating thier own crypto because it sounds like they are against with cryptos and i think that they want people to to avoid cryptos too but they only want for people is to support thier creation . these poor people cant do anything too but accept it because government still have the power to ban cryptos  on thier own country . luckily not all countries are doing it for now  . hope they dont think about that

This is the new wave where majority of the countries will be coming up with their crypto coins and it will be fun to see whether they will last longer and how the citizen will approach these concepts and whether you can trust investing in them is another question altogether. After this we might see more private centralized coins from companies making the rounds and what all coins remains in the market in the next ten years is to be seen. From what i understand Petro is a failure as their intention was not successful.

Imo if all governments created their own crypto it could be a good thing overall. Currently most people are skeptical about crypto currencies, because they trust their governments, and those governments tell them it's a scam, a bubble or whatever. Now, by creating a crypto of their own they would admit that they were kind of lying before. And after doing a research people could see that Petro and the likes are actually worse than Bitcoin, and naturally some of them could choose using the crypto number one instead of all that garbage.

It is expensive to constantly print new Fiat money <Coins & Paper/Plastic notes> and Crypto currencies solve that problem. We have recently seen how Ripple just added loads of tokens with a little adjustment to the code, so it is a dream come true for most of these countries to do this with their own local Blockchain based currencies. < They determine the value of the token, by adjusting the supply >

They also do not have to constantly replace damaged coins and notes, so it comes with a added bonus saving for them, if they use their own Crypto currency and not cash and coins.

The main reason why they want to do this is total transparency of all transactions being made on their Blockchain. So they will have the KYC information on everyone using that Blockchain and they can track every single transaction being made with those tokens. You will not buy anything, without them knowing it, so you will have a lot less financial privacy. <Cash has a lot more anonymity than these government coins>   >:( >:( >:(

I think if they focus more on Blockchain and create a digital version of their native currency then it would be big step towards digitalisation using Blockchain technology. We already have different firm around the globe which are creating their own currency and majority gold backed currency which is gaining popularity but i think if government take initiative to do so then it would greatly increase awareness among general public.

Lithuania has regulated crypto in their law and I've seen news about them developing some sort of govs-backed cryptocurrency.
Source: https://cointelegraph.com/news/lithuanian-central-bank-announces-blockchain-collector-coin

Wiki says this: Lithuania is an EU member state which joined the Eurozone by adopting the euro on 1 January 2015.

From rules about euro we can read, that countries that have Euro are not allowed to have any other currency.  So cointelegraph is lying or Lithuania plans to leave Euro.  I would bet on first than the second.

National currencies are not a way to stop the crypto currencies, they already have their fiat currency anyway so this wouldn't stop it at all. Stablecoins that nations build would just be part of a process where you move from bitcoin to fiat and just makes the transition much more smooth and much more safer.

How do you do that right now? You have a bank account, you send that to some exchange that is centralized but basically has a trust of a rat, then you buy bitcoin, you god knows send and do whatever with that, then you withdraw it back to that exchange and hope that they will send fiat to your bank account right?

Well, instead you will pay your government for stablecoin, which will probably be instant and very easy and tied literally into your banks mobile app, then you can do whatever the hell you want with it. Bitcoin will still be bitcoin, decentralization is there, all you are removing with this is the centralized exchanges you do not trust.

Doesn't that sound like a centralized trial to win over decentralization? What will happen if major countries try to push their citizens to stop using cryptocurrencies and shift their focus to their national digital currencies? Is it good for the economy of Bitcoins and other alts? What can happen if these countries stop you completely from buying other cryptocurrencies and restrict your use of crypto to their national coin only?

That's how I see it too. And that's why I think that by creating their own cryptos, central banks are doing a big favor for crypto community overall, and for Bitcoin enthusiasts in particular. The vast majority of people would never switch to using crypto currencies, if their governments didn't tell them to. And only after getting used to those stable coins, people can turn their eye to BTC.

It won't be a real usable currency, it's a collectible token, like a cryptokitten or something. So, they aren't violating the EU laws. So, cointelegraf isn't lying, it's just the user who posted about it is either confused or didn't read the article that they posted.

To this day Petro is the only coin that was actually launched, and as we can see, it's largely dead despite Maduro's hardest attempt to impose it on his people and trade partners. Now other countries would think twice before launching a government-backed coin.

I have not even heard about most of these coins that you have mentioned, apart from the Dubai coin, and I don’t know others have been released yet. I thought the first country that will be releasing their own cryptocurrency would be China, though the way I see it they might delay the project due to the outbreak in their country. Countries should be sure be looking into creating their own cryptocurrency as that would help to increase the speed of transaction and also make it cheap and it easy.

With digital currency people wouldn’t have to carrying their debit cards or cash around, all you need in your pocket is just your smartphone with a highly secure wallet installed so that you can send and receive money at anytime.

We have not seen the potential of these country based Cryptocurrency, but in the past there were attempts but they are all not successful, but today is very much different, because we are now in a wider adoption and so many people are fully much aware about Cryptocurrency

that is what i exactly mean mate,because Whales are everywhere they can control everything under the sun,even the currency of each country cannot hide from their greedy attitude so what more if countries continue to create their own Crypto's?i am afraid of those country will soon suffer from economic sabotage given by these manipulators,so i think they will reconsider their stands and just focus using Bitcoin and some legit cryptos.

Some country like for creating their own coin than use what have ready before in bitcoin and altcoin market, look many countries want to get much profit with cryptocurrency world by creating their own coin.

The existence of BTC and other cryptocurrency for years I think is enough for government to realize that blockchain technology is more than just a database to help economy and manage the financial system. A country with digital currency can help the country monitor finances of individuals. We may look at this differently when we speak of monitoring individuals but for governments its their job to look out.

China I think will be the first to really make use of this since they were already trying to be cashless even before the inception of the digital currency using blockchain. They've announced it already but no updates for all their secrecy.

It is inevitable that is going to happen, and while it is obvious their intentions are to try to destroy this market by creating competition at the same time if they could not destroy bitcoin and other strong coins before what they are doing should not have a lasting long term effect on the market, in my opinion this is a desperate attempt because after this fails they will be left with no option but a ban and even that is not going to work either.

They are creating their own crypto to join the crypto industry,
I think sooner or later every country would have their own crypto just like in Fiat.
But I don't really think that it would be great for the crypto currency.
And it wouldn't really matter much since there are some who supports centralized crypto and there are who only supports the decentralized like BTC.

It's rather strange that China is not on your list, because it is one of the leading countries in the extraction of bitcoin, on which it will also depend on what will happen to cryptocurrency in the future.
I was very amused by the item connected with Russia. Given the extremely gigantic level of corruption in Russia, the number of fraudulent money laundering schemes, it is difficult to say when cryptocurrencies will be fully legalized in Russia. Rather, on the contrary, to prevent the expansion of freedom of citizens, the Russian authorities are more likely to introduce tight control over cryptocurrency transactions.

I agree with you that PETRO is only real national cryptocurrency. Sadly they did not took it serious enough from early start. It was seen long ago that they dont really know what they are doing when they wanted to launch it on NEM and then ....   It is sad missed chance. It could actually succeed that people get used to use cryptocurrencies. 

This coin so far has proven to be of great purpose with huge investment and government policy backing it. Although it might have it disadvantages at some certain point among which might result to economy attack but the advantages surrounding it is quite huge for the blockchain growth in such country and the global cryptocurrency market. Moving forward it would serve as a big impact if more countries first recognise the usage of bitcoin and its economic importance then they can be looking into owning their country cryptocurrency.

The problem when the national currencies arise would be more about regulations than anything else. Just to give an example banks have a bigger power over the monetary system than they should, why bitcoin was created was to stop this overpowering and making sure that everyone is equal when it comes to money and finances.

Now, if the nations build their own stablecoins that would be great and be better than all the ones we have but if they do not regulate it properly they could literally use all the money they printed out of thin air to buy crypto and basically corner the market themselves. Think of USA and China having a centralized exchange? That would basically mean end of the world because they could collect like millions of bitcoin and even more altcoins all on their storage and they could simply delete them all and ruin crypto world.

This was absolutely possible. Maybe in the future we will all be using digital currency because of its convenience and fast transactions. This is something that can benefit us so I think these will be supported as the time it will propose by every other countries.
In this matter, crypto has its place in the future especially the blockchain technology.

I don't understand why Tunisia was not included in this list? Tunisia became the first country in the world to issue a national currency based on a blockchain called eDinar, also known as Digicash or BitDinar. This happened in 2015. https://cointelegraph.com/news/cbdcs-of-the-world-the-benefits-and-drawbacks-of-national-cryptos-according-to-different-jurisdictions
To date, more than 60 countries have already announced the start of work on their national digital currency.

Digital currency is absolutely convenient because of it's fast transaction, but i don't think not everyone in this world has the ability to have their own digital currency because having a physical money is still the safest way for them and it is much comfortable to store it on your own, that is why you can't push that everyone will be using digital currency in the future.

I wonder what Philippine cryptocurrency should be, when the government decides to have one too, I think it could be better to have "Rizal" named after the national hero of the Phils.

Though, the inclusion of cryptocurrency for a country isn't really helpful as they migrating the fiat currency to a whole new level which needs allot of adjustments. In addition, whenever a country wants to add cryptocurrency as its official crypto, it should be regulated which is somehow not aligned to the characteristic that cryptocurrency has.

I think that can be possible to happen if every country will accept cryptocurrency. Besides that, every government can learn about crypto because without having enough knowledge about cryptocurrency, they cannot create their own coin. With the developing of technology, we might see a big chance in the transaction furthermore about digital currencies which are already happening in many countries. The government will make new regulation about cryptocurrency because their coins will be used as another option besides of other coins.

The good thing I am thinking about this is that cryptocurrency will be known all over the country and that makes the cryptocurrency being adopted by a particular country. And the other side or bad thing about this is to the one who is using it, although it can make their transaction faster and safer that way, the government can collect some taxes maybe if that happens. It can make cryptocurrency in a particular country be centralized because they can regulate it whenever or whatever they want.
Indeed, it is not possible as of now because as of today cryptocurrency is still banned from some other countries with their own reasons to regulate it. But if they actually legalize cryptocurrency, the community itself will rise and so do to the price of the market itself maybe.

What you are talking about is not true. There are methods thanks to which the creation of a coin occurs within 10 minutes.

Another question is whether you can correctly model the management scenario, thanks to which the coin will become one level with the leading coins on the market.
It is much more profitable for states to create their own coin and distribute it to all other states in order to gain more influence.

I have read e-krona is already in the test stage in Sweden, I think I read it in cointelegraph yesterday. Interesting because they are doing it already when most are expecting China to be doing it this year as well. Its rest assured all other countries will follow if this is going to be a success for them. Exciting days ahead when these digital fiats are also accepted by crypto exchanges when we buy BTC.

Indeed crypto will lose its sole definition and countries that is in the same line like philippines can't really maximize the usage of the digital currency even its been regulated in the country for not all of people in a country has access to technology to manage their cryptocurrency or digital currency so yes you are right this will really not helpful for now because the adjustments we are going to make is bigger than you imagine.

I think that those countries that began to use their own cryptocurrency simply do not want someone else's power from the outside if some other side controls Bitcoin. But, I do not think that local cryptocurrencies enjoy at least some success with the citizens of these countries. Without the tough propaganda of the local cryptocurrency - no one will use them just like that. And I don't see countries somehow promoting their own cryptocurrencies at the moment.

indeed all countries can implement cryptocurrency to conduct trade transactions using cryptocurrency but at present it cannot be implemented for all countries because there are still some countries that have not yet received the use of cryptocurreny.

I'm sure cryptocurrency can be the best alternative for making transactions over long distances because it will be more efficient and safer.

Countries with their own Cryptocurrency is going to be the next big trend in the industry because of the massive adoption and promotion ongoing right now,once two or three of these coins become a huge success, expect other countries to follow their leads, we will see many countries creating their own and that could give the top Cryptos a good competition in the market.

indeed it takes the first step of a country to make their own coins. moreover it is done by developed countries, they have extensive networks with other countries, so this will have an impact to transmit crypto to other countries to make their own coins. and in the end the coin can become a currency for exchange. although I think it still takes a long time

States are simply in no hurry to create their own national cryptocurrencies. The financial system does not like rush. Moreover, cryptocurrency is a completely new phenomenon and it is not so easy to find good specialists to avoid possible mistakes. However, many states are now working on the issue of their national stable coins and they will soon appear in large numbers. I think that in general it will be nice, including for a decentralized cryptocurrency. However, there will be fierce competition between the stable coins of states and a decentralized cryptocurrency in the quality of their use as a means of payment.

The main problem of Governments related to cryptocurrency is the following fact: crypto is a private financial product with a huge influence and they want to control it. If the crypto coin is launched by govermanentalș institute then it is ok, but there is a private project that all are against it.

What do you mean? Obviously this is backed up by their country's fiat or other assets in their country. It is not something that they created, make a whitepaper and start an ICO in the market. No, this is different. They will not be earning any of it because of the coin, they are just adapting to these digital currencies and I think you should be happy about it since it can strat the world without physical currencies, though that will be a long year ahead of it.

The Venezuelan government launches Petro in order to improve the economic situation that the country is going through. But it has not been successful due to many factors including lack of trust. Merchants have not joined President Maduro's call for adoption.

The price of Petro is at $ 60. In the authorized exchange plataforms for its commercialization, users say that its price is below between 30 and 40%.

More detail about Petro in this article.
https://www.google.com/amp/s/es.cointelegraph.com/news/how-to-buy-petro/amp

It will be added to exchanges but I don't think it will be that big thing.

Made by the government, they would be backed up by the fiat of their country. It is not something like cryptocurrencies that we know where it is sold on exchanges. It will be based on the fiats, the good thing here is just that they are using a digital currency that will popularize Bitcoin to be used in the future.

I know about some of the coins you have mentioned here, but that Dubai Encash I don’t think there is anything like that that was released. I even searched for it to see if it was released and I didn’t see it. I do know about the Venezuela Petro but it seems like its no longer active or something , and I also heard that they are mainly making use of the US dollars there.

Estcoin is mooted and news from CNBC says that they are no linger going to issue the coin because they never planned to lol.The only country I know that seems to be serious about having a cryptocurrency of their own is China and they are still yet to release it, though news have it that it’s going to be this 2020.

30%-40% of $60? I'm wondering if that's true. Petro is not listed on Coinmarketcap, at all. And when I tried to google it, I came across this site saying:


Also there's no info on Petro on Cryptocompare either.

I doubt it's possible to sell PTR even for $20 a piece. Also, check out these limits:


It's clearly a scam project that should be avoided.

I guess it's about people not trusting a centralized power rather than the trustless feature of real cryptocurrency.
In my opinion, a cryptocurrency could work well anywhere if it's built on basic crypto principles like transparency, immutablity, censorship resistant, trustless/permissionless transaction, privacy/anonymity, deflationary currency(& stablecoin)... plus things like security, usefulness, etc. There may be serious problems in future if you don't prioritize on those principles

Creating your own digital currency requires much more effort than you write. This is on the Ethereum blockchain, you can create your token in 10 minutes. And the creation of a digital currency is done on its own blockchain and aims to ensure interaction with the Fiat national currency.

That is a risk but what is exactly stopping governments from using their fiat right now to buy all the bitcoin they want? They can print all the fiat they may need and bitcoin is up for sale for anyone that has the money to pay for it, this is no different than what  happened to gold and it is most likely the option governments will follow, first by backing their digital currencies with bitcoin and then abandoning the bitcoin standard at some point in the future by using some excuse, still the model to skip their fiat system will be in place and they know that, even if they could take control of bitcoin another cryptocurrency will emerge on its place.

States will issue their own stable coins in order to maintain their national currency. Stable coins of states, this is the same currency, only in digitized form. The state will not have direct profits from creating its own stable coin. However, the circulation of its currency improves the economy of the state. Therefore, stable state coins will positively affect both the state economy and decentralized cryptocurrency. After all, people will see that states also use digital money and confidence in a decentralized cryptocurrency will also grow.

And what's wrong with the Ethereum blockchain in this regard? I mean, I really can't understand, why it is better to create your own blockchain, when you can use an existing one, time-tested and working, like Ethereum's, for example?

Is it just about having the full control over your own blockchain, or, are there other reasons?

This could be a better indication for the standing of crypto currency around the globe. As the countries are now adopting the nature of crypto currency, this might in fact be the solution to the economic instability the countries are facing from the effects of inflation and other economic disaster. Still, this would impose new set of rules and regulations referring to and varying from these countries that have made and integrated crypto currency into their own financial symbol. We should see in the coming years on what would be the effect of these events between the economic state and crypto currency around the globe, it is still unsure what might be the outcome of its use in every branch of a country. On the other side, negative possibilities might also arise as the digitalization is changing every part of the world.

I think that the main issue when creating a national digital currency should be the national security of the state. And this is achieved only by full control over the blockchain and independence from anything outside the state. Along with full control of the blockchain, the state gets full control over its citizens.

1. Dubai (Encash) - Couldn't find anything about Encash

2. Venezuela (Petro) - Launched in February 2018, is a cryptocurrency issued by the government of Venezuela. As of August 2018 it does not appear to be used as a currency. Source: https://en.wikipedia.org/wiki/Petro_(cryptocurrency) (https://en.wikipedia.org/wiki/Petro_(cryptocurrency))

3. Estonia (Estcoin) - Estcoin is a mooted national cryptocurrency, devised by the Government of Estonia in August 2017. In June 2018, amid criticism from banking authorities, as it will be restricted to individuals within the Estonia e-Residency program, it cannot be exchanged freely and thus technically doesn't qualify as a cryptocurrency. Source:

4. Russia (cryptoruble) - This will be a crypto, to say it better it will be a stable coin. "The CryptoRuble is a digital currency currently in development, commissioned by Russian President Vladimir Putin. It likely won't be a cryptocurrency in the way that Bitcoin or Ethereum are, as it would be issued by the government and not mined. The value of the CryptoRuble is identical to the value of a regular ruble." Source: https://www.investopedia.com/terms/c/cryptoruble.asp (https://www.investopedia.com/terms/c/cryptoruble.asp)

5. Sweden (e-krona) - As I found out they are making digital currency, but there's no mentioning blockchain in few articles I have read. Anyway this is a pilot project and we will see will they do more with this or not.

6. Japan (j-coin) - Digital wallet. "In their bid to embrace a cashless or electronics payment system, Japan’s Mizuho Financial Group along with sixty other banking organizations have together launched a digital wallet known as the J Coin Pay." Source:https://medium.com/cpayfoundation/what-is-jcoin-and-why-is-it-so-popular-in-japan-44d98f382083 (https://medium.com/cpayfoundation/what-is-jcoin-and-why-is-it-so-popular-in-japan-44d98f382083)

We will have to wait longer to see countries adopting blockchain. But as they are thinking what to do, decentralized projects are gaining popularity among people in the world. I think it will be a big war between governments and banks that wish controlled currencies with decentralized coins that will have support among people.

We actually have that one in our country, it's called TEN. It's made by one of the CEO of the biggest crytocurrency in our country. The problem is TEN suffers a lot and can't compete against the top coins on that exchange, so the price is somewhat really bad. Maybe they lack of promotion? I don't know.

It's good to hear that many countries have already put their trust to cryptocurrencies and thinking that other countries sees this as a threat. Actually our country virtual currency is not illegal in fact they already released a guidelines to improve and aware people about fake cryptocurrency and scammers. They already approved virtual currency exchangers and wallets to secure their financials ans they can put their trust. I think more countries in the future will adopt and open their doors to the new currency.

That's what I thought, full control over citizens, and no more other advantages. Well, I think it's just a matter of time when this will be a thing from the past. In the countries where governments are fairly elected, people may decide to vote for those who don't impose full control over them. With increasingly rising level of education among common people, liberal governments have more chance of being elected in the future. So, those centralized coins may vanish sooner than full adoption happens.

Indeed, it amuses me every time I hear/see such kind of news. However if we are talking about countries having their own coin, Nah! I pass ::) because I think it was a bad idea. Yeah! It really means that we're now having more crypto adoptions but the disadvantages are still greater. For example, imagine if a particular government decided to build their own token but unfortunately its citizens ignore it and still choose fiat, what do you think will happen? Of course it will be added on the sh*tcoin list *sigh.

This is exactly what can happen with absolutely any coin and with state coins in particular.
The market itself dictates its own rules and conditions, which can lead to unpredictable consequences for any market participant.

In addition, there are many on the market who manipulate the market, which means that almost any coin can be lowered if desired.

cryptocurrencies are well suited for circulation by a country so that each fund can be tracked through the Blockchain..  Countries that have issued cryptocurrency, they have realized the great benefits if they started adopting cryptocurrency from now on.  hopefully, more and more countries will issue their own cryptocurrencies in the future.

The truth is that it is not only nation’s that are looking forward to having a cryptocurrency of their own, even organizations/companies will all try to create their own cryptocurrencies/tokens in the future, that means we should be ready for a lot of them. There are banks that have tried to create their own cryptocurrencies, like JP Morgan coin that is still a prototype.

The way I see it, if one bank should release it’s own cryptocurrency and people starts buying it, other banks will also like to do the same. And in areas like real estates, they might create tokens as well that investors can buy, something that shows ownership.

It will not be possible to manipulate the national digital currency, because all management of this stablecoin will be in the hands of the state. It may not even be represented on a cryptocurrency exchange. The main task of the national digital currency will be to displace the national Fiat currency from circulation.

so there will be a struggle for people's interest even for the type of cryptocurrency of a country.
what if 1 country has more than 1 type of crypto, as you said all banks might make their own crypto, so there will be how many crypto in the whole world later, regardless of the BTC and altcoin that already exist now.

I would like for people to think like that and they preferred to enjoy their freedoms but if history teaches us something is that it does not seem as if people love freedom as much as we think, just look at all the concessions people have been making during the last two decades and how most people are participant in the erosion of their freedoms when they use Facebook and other similar social media websites that monitor every single one of their moves, this leads me to believe that most likely those people will accept those centralized cryptocurrencies.

It is easy to daydream about Bitcoin's acceptance on countries just like what you've said. But it is also easy to see its impossibility. Even a common person or a user who isn't a currency expert cann see that there would be lots of factors if countries will have their own form of crypto currency. Countries have different type of government which can affect the success of its cryptocurrency. If one country suceeded, and the other one doesn't and their decision lead to the country's failure in the market, then the possibility of destroying others and hacking could be possible. But most of all, it would be hard for that country to look for help in other countries because trust would be a major issue.

There is an error in your information, in this article "Plans To Roll Out Their Own Cryptocurrencies" based on the perspective of the author that some projects that already have government permission to operate, such as Emcash which is an e-wallet system.

Apart from that, see that there is a big growth in cryptocurrency and technological ease in the field of financial economy and technology. it is not impossible that the countries concerned launched an own-cryptocurrency.

Bitcoin created by Satoshi and the national digital currency have very different goals. If for bitcoin it is full decentralization, then for the currency created by the state it will be full centralization. Therefore, the state will fully control all payments in the digital national currency.

Not the state but the government.

It is true though that all of what the government will be making will be fully centralized and will take advantage of the system to monitor the transactions. Just imagine the government using Blockchain technology but instead of the transactions being publicized, it is being monitored by the government so they can maximize their power more and tax things they can't see in the past.

First of all, the knowledge and understanding of every government about bitcoin/ crypto at large is incompatible which is the reason why some government legalized bitcoin while some detest the idea, so there's possibility of some government creating decentralized coin in the future.
Meanwhile, they are not all into crypto to maximize their power or tax things and never forgot IMF boss advise them to have positive impression towards crypto.

In China, there are already proposals to ban all cryptocurrencies after the digital yuan is released. Although this is a private opinion of the official, but in China there have already been such proposals to ban ICO and cryptocurrency turnover. All this will be done to ensure that only one government-controlled digital national currency remains in the country.

I don't know, and it could be another big country or small countries. If a country wants to launch its own cryptocurrency, they need to accept cryptocurrency first so they can launch their own crypto, and before they launch the crypto, maybe they can make regulations about cryptocurrency. But they can launch their own crypto without accepting crypto because they are the government which control their country and their people ;D

We will see which country that will launch their own crypto so we can know if that country will accepting crypto or not later.

And yet it would draw people's attention to crypto currencies, which would be a good thing. Right now most people think of BTC and all the other cryptos as of a sh*tcoins too. They can see the difference only after doing some research, but they won't even start unless this field is brought to attention by their government. If you have something to offer, the worst part is to be ignored. As long as there's some attention, you can expect good results if your project is good. And Bitcoin is a good project, no doubt about that.

This isn't impossible for china to control over their economy, and with their own cryptocurrency their government think that it would protect their country's financial stability. The reasons is very tight for their authority on banning ico and other cryptocurrency promotion because it's a huge threat of their economy. They're focused only with own currency which made them built a stronger foundation.

I hope more countries will create their own crypto coins too like in the list in my country Philippines we have before Pesobit but I don't see any news about that coin and hopes that many Filipino will be interested to create our own crypto coins that represented the crypto coins for the country of the Philippines. Goodjob to the country who have own cryptocurrency.

Actually i will say this is very good attemption that some government thinking about crypto currency and we can say they are more committed to their inhabitants. Those government knew that if they banned it in their county, people must engaged with it in another way. so better that it should accept in own way. This is good governancy and think gradually everybody will realize it.

I will not be surprised if something like that happened in China but at the same time what are they going to do to try to catch all the people that are still going to deal with cryptocurrencies even if they are banned, the truth is that bitcoin is useful and as such people are not going to stop using it just because their government asks them to stop, so they will need to begin very harsh measures against bitcoin holders and most of those with huge stashes of bitcoin could just move away from the Chinese government influence and avoid them that way.

That's really interesting despite there are just a few governments who have made their own cryptocurrencies. Does it mean that Bitcoin is legal in these countries? I don't think so , they are just want take advantage from this technology in order to achieve their future endeavors or goals. In addition to that,  maybe the unstability of cryptocurrencies is one the disadvantage that governments reject .

Cryptoroubbles it will be ordinary rubles, but only with the prefix crypto and the ability to store them on some application on the phone. In essence, they will not be anything from themselves than they could somehow compare themselves with cryptocurrencies.

Petro is handled the same way they handle the bolivar, you know, its currently the fiat with the world's worst inflation...

As typical of the old real socialism mindset, the usage of Petro is being "commanded". Executive decree for things to be calculated in petro, decree for public administration to accept petro (tho most still won't). Due to the lack of the aforementioned features, absolute centralization, people don't want it. The only way you can handle petros, is by using the gov assigned online wallet. They made an app, but that connects to the same place.

The current iteration of petro (after forsaking the Nem one) is a modified copy of Dash without any release of software so that the gov runs the only nodes and can change the rules on a whim (like they do to the fiat). This is of course, not exactly reliable...

With this precedent i don't trust any government issued cryptocoin. The whole point of Bitcoin is to get the Gov/State OUT from manipulating the rules for your money, to remove them the POWER to make EVERYONE POOR overnight (like they did to us in Venezuela).

Of course there is a parallel (much lower price) market, whenever you establish an "official" price, the pesky independent market (all those "brainwashed" buyers and sellers) will have theirs. The problem is not the market, the problem is trying to fixate (peg) the price by decree. This was how the bolivar was killed in the first place, they made the exact same mistake. Of course they don't care; they are above criticism, the rule of law, and all those pesky "imperialist" customs of freedom of choice.

There is nothing in common between the national digital currency issued by the government and other cryptocurrencies. The digital national currency will be backed by state assets , so it will not be as volatile as the rest of the cryptocurrency. But there is a negative side to this - it will be centralized.

I think that's the point of having national digital currency tho i.e. to be centralized and easier for the government to control the said cryptocurrency. But I think the common this is that they both use blockchain technology. Though this would a massive experiment and implementation on their part since people would not use it if there are no real benefits they can get and would prefer to use Bitcoin or any other cryptocurrencies that have the features that they don't offer so it really is a challenge.

Also, this "backing" is questionable, imo. Take Venezuela's Petro, for instance. In the beginning Maduro pledged that is would be be backed by the country's oil and mineral reserves, and that the price of 1 Petro would be always equal to the price of 1 oil barrel. But in reality when people try to liquidate their Petro holdings at the Bank of Venezuela, they receive much less than expected, because those words by Maduro were lies. There's no backing whatsoever.

This is why representative currencies, currencies that are supposedly backed by something, always fail, the government can promise they are never going to stop backing their currencies but whenever it is in their interest to do so they will do it and you have no way to challenge them, that is why it is important to use the real thing, there are many advocating for the gold standard to comeback and I think that is a mistake, if gold is to make a comeback then we need to use actual gold coins or it is meaningless, but with the advent of digital money I do not know how many people will be willing to carry gold and silver coins when a better alternative in the form of bitcoin exists already.

Each state will provide different support for its national digital currency. This will depend on the country's economic strength. And if the state has a Fiat currency that is highly susceptible to inflationary processes, then all these disadvantages will be transferred to the digital currency.

That's right, and we also know that all fiat currencies are susceptible to inflation to a certain extent. That's why centralized government issued crypto currencies isn't a good idea, human factor is playing too much a part in their real buying capacity. As we can see, governments like Maduro's can break their promises regarding coin's purchasing power and many people can end up in a horrible situation, horrible mainly because it wasn't at all expected.

When the market determines the value of your currency, you know that anything can happen, and you are ready, you are prepared, your destiny is in your hands, not in the hands of some corrupted government.

I won't trust any nation's cryptocurrency as the government will always seek to control it, and this will come with a high degree of censorship, nationals that have diplomatic frictions may want to pull or fight other nations currency by attacking their economy the very instrument backing the currency. If the world is truly ready, a truly decentralized digital currency like bitcoin should be considered.

Similarly, you can undermine the economy by issuing a fake national currency. And such cases have already been in real history. But so far, we see that the digital national currency has all the chances to start being the first widely used within the state on a par with Fiat. And people will have to accept its centralization, since salaries, pensions and other social benefits will be paid in the national digital currency.

we live in a state, so that even if the government's decision differs from our wishes, we must do it anyway. with the country having its own digital currency, this supports the development of digitalization, but it seems that the government has not been able to leave the centralized system, which the government can control

In any case, stable coins of various states will play their positive role in the financial world as a means of payment. These are digitized ordinary currencies of various states. They do not resemble cryptocurrency, but they will be necessary and will occupy their niche among other means of payment. They will also draw people's attention to a decentralized cryptocurrency, but they will also compete with it as a means of payment. Although this is a logical process of developing monetary relations, while creating their own stable digital coins, states will try to impose them on people so that they make less use of decentralized cryptocurrency.

I am among those who agree with each country that they will make their own cryptocurrency. Because that will make it easier to do
conduct financial transactions. Even though the government will definitely create a centralized cryptocurrency because it wants to control
cryptocurrency. But that is not a problem, because we cannot force the government to accept decentralized cryptocurrency. With the
government accepts crptocurrency will definitely have a positive effect. One of them will easily transact, because everything is completely
digital.

It's funny that due to the advent of the coronavirus epidemic, the process of creating and introducing coins of this type can be accelerated.
It is obvious that the country that presents its coin to the market and realizes its ability to use, will occupy a rather significant place among the markets of digital assets.

The isolation that accompanies the Coronavirus epidemic can easily contribute to this.

Right, so these are two faces of the same coin: much more people than today can realize that all cryptos, including Bitcoin, are useful things, and are not going to vanish any time soon(governments are creating duplicates, after all!), but, at the same time, government issued centralized coins can serve as a substitute for the decentralized ones. Will people who are using decentralized coins switch to centralized ones? Hardly. Will at least some of them who still have never touched crypto start using decentralized coins, as the result? More than likely.

Have you heard anything about Tunisia's success in the cryptocurrency market? But it was Tunisia that first introduced a national digital currency in 2015.

And the fact that now more than 60 countries are working on creating a national digital currency has nothing to do with the coronavirus. And we can not say that the main reason for the spread of coronavirus is the use of Fiat. This is the usual course of development and adoption of new technologies.

That’s the new thing, though as of recent it seems that the attention of everyone has been drawn away from it to other issues that are more important, like the outbreak that has happened recently. So, nobody is talking about that right now.

But, I’m hoping that things gets better very soon and we can go back to normal things and also talk about this. China announced their cryptocurrency last year and it seemed they have halt the project right now because I have not been seeing any news concerning that as of now. Between Blockchain and cryptocurrency, Blockchain seems to be getting more attention and adoption by a lot of companies these days than cryptocurrency.

All these cryptocurrencies you have mentioned seems like they are not active, even if there is any one of them that is still active, it is not well known and used by people.

I don’t really think that cryptocurrency is something that the government are serious about as of recent, though China has said they will be releasing their own cryptocurrency, but they didn’t state when it’s going to be, they just made the announcement and that’s it. I don’t know of any other country that have announced they are releasing a cryptocurrency. But, I have seen a bank that released a cryptocurrency.

It is fascinating and interesting that there are really countries whose government are willing to adapt and  create their own cryptocurrency because most commonly, countries are against the usage of cryptocurrencies for they have no control or they cannot manage the usage of it unlike the national fiat money they are using in a circulation for the whole country.

Like here in the country where I do belong, the government is not encouraging the usage of cryptocurrency, although it is not prohibited, but they do not support the usage and adaptation of it and stated that we must get into it on our own risk. Though I understand why their stand is something like that, still I am wondering or wishing that adaptation even without creating our own national cryptocurrency can be possible so that the users residing in our country can have convenience using our cryptos.

I do hope that my country will soon be included on the list you've shared. If only the Government will legalized the usage of cryptocurrency, it would be better especially during this Pandemic. We need to do a lot of transactions online, and Cryptocurrency is a big help for cashless payments to avoid the contact of virus. I heard some rumor that one of the highest leaders was proposing a digital coin but it is not yet release in public. Well, I just really hope we could also launched our own crypto so it would be much easier to manage our finances digitally.

I would agree by creating crypto currency in every country because they could just pay easily by using their own crypto without presenting paper money. That would be helpful in what we are facing right now in this pandemic.

Will, there is a possibility of treat buy using crypto but they can still working on it by securing their own block chain.

Many people are currently suffering from dementia due to the virus in that case, if the use of cryptocurrency is implemented in our country, then the economic development will be very fast at the same time with the introduction of Bitcoin people will be able to find a source of income and solve financial problems very quickly. The country and its government will depend on it to use their own cryptocurrency.

Indeed. If other countries would start to implement cryptocurrency, there are cases that it could help to improve their economy that it could lessen unemployed people for them to provide their necessities. Since virtual payment is now a trend, cryptocurrency could reduce virus cases during this pandemic because it could avoid having physical contact when it comes to buying groceries.

Nothing stops them from regulating it, just that it won't be like the typical way of regulating things. People have to really be part of the law making, governance and regulations. Unnecessary permission/trust placed on things owned by stakeholders/public makes things harder for members of the community/society/network to participate in what they are fundamentally part of, and entitled to participate in

It is beneficial for the government to show interest in cryptocurrency. This may be one of the levers of power. By controlling the cryptocurrency, you can have a large income from paying taxes. Cryptocurrency is always expensive. Perhaps in the near future, more and more countries will enter their cryptocurrency and control it.

Introduction of cryptocurrencies and bitcoin won't bring any employment to your nation so it is not going to give any immediate solution to current pandemic situation.And we are talking about government controlled cryptos which are not really cryptos because they use centralized blockchain so it is not much different from digital fiat and banking transfer, every transaction will be noticed by your government.

The government can only control the national digital currency, because it will be centralized. Therefore, the national digital currency can not even be called a cryptocurrency. The real cryptocurrency will be decentralized by its nature, and therefore the government will not be interested in its development.

How can the government cut taxes on cryptocurrencies?? Crypto is decentralized and the official ones would probably be having an inbuilt code to detect the amount of funds that a person earned in a financial year and then they can cut the taxes right off the wallet, other than this there isn't any other way to ask for taxes even on government-issued cryptocurrencies. Also, OP is missing the digital Yuan that the Chinese government is developing. I guess the governments actually have realized the power of bitcoin and crypto and are going towards making state-owned crypto as there isn't any method to tax the bitcoin, so why won't they just make their own crypto and ask for taxes on it.

That's the issue with many countries and I'm also not so optimistic about these governments adopting blockchain, because at the end of the day the smart thing for them would be to be against cryptocurrencies because crypto will get a huge chunk of their profit which they get from people's pocket in the name of fees, taxes and such, so now that they are starting to show more interest towards crypto use I think they might have a plan to still get the same amount of money from the process(paying for government related services and such).

Good to know that there are government of other countries that are open for the adaptation of using cryptocurrencies despite of the fact that many countries are against using of cryptocurrencies just like what we have in the country where I belong. It was so nice to know that the government are now doing an action to adapt on using cryptocurrencies as well as creating their own nation cryptocurrency that might be useful for their entire country. Maybe the government of those countries have come into realization the consideration of using cryptocurrencies which can be suitable on how they design it to be used which will surely gain support from their citizens.

I am hoping and also looking forward that my country will also consider doing such thing maybe not now but soon because we are still into facing a lot of problems that are needed to pay attention and are needed to be attended with. I wish our government will try to consider adapting as well as creating our own crypto in support for the cryptocurrency users residing in here.

if the government recognizes cryptocurrency as a valuable asset that can actually be used on the territory of the country, then each citizen must voluntarily declare his property and income. You can own any amount of Bitcoin and no one will know about it, but you will not have the opportunity to use it in real life. You must understand how the economic prosecutor's office does if it is discovered that a person has one income, and a person spends much more in everyday life, that is, he lives beyond his means.

You have a good point here, that I guess the reason why they created their own due to the fact that printing money will maybe become too much easier in the future and will cost nothing but the already common costs of inflation.

We cant called that they are making cryptocurrency, they are just making digitalized currency for a good purpose.

www.bitcoingpumining.com/800162860

I think they also want to earn through digital currency because i think for the government it is just an investment but they don't have plan to make it a usual currency like fiat money.Also the reason it was decentralized digital currency which is difficult for them to control it. But this time that every country are affected with covid pandemic and if there is no other way to help the economy,i think they will accept crypto and legalize it because it could help for the unemployed people atleast to earn for everyday living.

Well, there could be "some" employment, for example if governments make cryptocurrency for themselves that would mean that people would be able to start up business' a lot easier and a lot more frequently about that crypto currency that government created, plus there will be government positions because there will be crypto branch as well. So yeah it wouldn't be huge, it would be small, but we are talking about like 10-20 thousand people finding a job in that sector as well.

So, what I believe is going on would be employment is not really a big part of the deal but if governments do something like this and make it super legal and supported, that would mean people could work for other nations companies on remote jobs and earn bitcoin instead and wouldn't that make things a lot easier?

How would the introduction of crypto make it easier to start-up a business? It's not like businesses require you to own crypto before being able to start, cryptos are in the end just a type of currency, it isn't a stam p of approval or anything. Additionally, there's probably no need for such positions in the government, after all, it would run contradictory to what crypto is supposed to be, uncontrolled by a 3rd party. Even if there was, it'd be a skilled individual, while on the other hand what we need to improve the situation is a lot of job openings that don't require specialized skills.

Plus, even if we do consider them accepting it, it'd require a lot of time, especially for small countries to actually implement it. Let's not even mention implementing it, majority of the population are still ignorant of what cryptocurrency even is at the start. They'd probably just start thinking it as something like fiat and that's it.

Every venue where government can get some lift to survive with this pandemic, I think they will
allow and let this crypto currency to be used.
Those doubts from decentralization can be solve by each implementing rules government needs
to make a certain adjustment to start adopting.
The pandemic will open the door for every nation to start considering and accepting that crypto
already exist and it will continue to live.
Adoption should take place to maximize the use and also gained benefits.

i don't think so mate because nowadays people from the government knows how this works and they cannot control the decentralized market and this is the nature of cryptocurrency.

and also if this is really beneficial then maybe other countries already follow these nations steps but none followed since then so i guess realization already happens.

You can just forget about Russia, guys.
To believe in the words of their President is like throwing stones into the water and hoping for Aphrodite to come out of the sea foam. There everything is very difficult with the economy and no one will deal with cryptocurrencies at the state level until the government changes. The fact that Vlad Putin showed interest in the crypto means nothing

Actually if you don't convert your bitcoins to fiat currency then no one will ever know how much you are earning in crypto and also whenever you spend your coins then also there isn't any chance for you to get caught but the only condition is to never cash out your bitcoins. If you start paying huge amounts in cash by selling your bitcoins then you can get caught and also to be safe you can set different wallets, one for spending for day to day activities and others for saving your bitcoins because in case someone forces you to send your bitcoins then also you will be sending the bitcoins from your spendings wallet and not from your cold storage.

Now many countries positively assess the potential of digital national currencies and many countries are already working on its creation. Now everyone's attention is focused on how the digital yuan will be tested in China, so that it can be concluded that it is appropriate to use it.

I don't think that the government will be able to control a decentralized crypto currency and as big as bitcoin. If they are one of the whales that might have 20% in the circulation, they can manipulate it but I don't think they will be able to control it. Some countries are legalizing bitcoin but not because they want to control it or even manipulate it but because they want to protect their people from it.

If they will be attracted to it, I guess they will be after the technology of it.

   FlightyPouch I agree with you that governments will not be able to control decentralized crypto-currencies As Freeeesta said
it would be good for them and all of us if they would show interest in crypto-currencies and to make their own, every country
can have one. For me it's about the idea of transparency that we can achieve, to know for what our money is being used.
   I agree with you FlightyPouch about one more thing, we can't see anything before technology allows it, and some countries
are behind, they don't have necessary infrastructure.

No one is really talking about countries creating their own cryptocurrency these days. It’s like a dead topic now. Before this I was seeing news that Chinese cryptocurrency was close to getting released and a lot of people kept talking about it. They seemed to be the only country that was serious about creating a cryptocurrency, but now it’s no longer being talked about.

The only thing that is being talked about recently is Coronavirus. Other cryptocurrencies you have mentioned here, none of them are active, it seems. Will wait to see know how the Chinese crypto will turn out. I am also concerned about how much impact it may create on existing crypto space. When it will be on the positive side (in terms of growth of increasing BTC adoptions) then we can simply ignore them but if we have them in negative impact then we must analyze them in more depth so that we could take more appropriate steps to make our crypto space more stronger in terms of competing them.