Bitcoin Forum

Imagine that some respectable country would go far beyond legalizing cryptocurrency and start one of its own. It would surely be no scam and it would probably have a strong support, but would there be any drawbacks to the currency and the state itself? Would it get more attention than some of the biggest coins now?

Yes it will as most of its going investors will be on government it was expected annually since cryptocurrency is a good source of money capitalization or crowd funding that they will not needing so much money for them to use and they will go for an ico to make this things happens.

I've read a news a while ago the is related to the topic.

https://kryptonexgroup.com/?clickID=5eweu5lekkxn&aff=&c=PH&tid=102f944a797b70fff4b5f6938fb2c9&aff_id=1209

A cryptocoin issued by a government may very well be a good investment and retain its value. But it would be at odds with what Bitcoin and cryptocurrency is general was conceived for. So I might buy it, but philosophically I would have reservations.

I think there would be some issues and drawback, One of the common issues I guess is the anonymity which something that the government can't offer. They'll have a hold of your info and your money.

It's alreday happened in Venezuela and other countries, so it's definitely a valid question.

In short, no. I would personally never invest or use a cryptocurrency that is issued by a central entity, in this case, some government around the world. I personally think that it defeats the purpose of having crypto in the first place.

A centralized crypto like one issued by a government essentially is just fiat or stocks, just hosted on a blockchain. Decentralization is the real future, imho.

Maybe but still this could not overthrown bitcoin from its highest place but government cryptocurrency will become popular to the investors because it is far from scam.

The coin will gain popularity very fast but trust me since it involves government the secular will not be even. 70% of the coin will go to the top government officials then there will be serious manipulation at the long run.

If a coin is issued by a country, then this country should give guarantees for the protection and security of its coin. How will the country ensure the reliability of the coin?

I think cryptocurrency has no effect on the losses of their country's currency. which the state government fears about the crypto-coin are a cybercrime and money laundering.

I will first take a close look on the coutry standing behind that coin, if it will be mine, I will doubt, to invest, or not to, lol

In order to encourage more people to use cryptocurrencies, it would be successeful that a country adopt it but what kibd of use will it be for those crypto created by governments. However, what kind of benefits could be from a cryptocurrency created by a centralized authority? It would always be manipulated.

I believe this will happen in the future. I can see a lot of countries particularly in
Europe moving away from cash and more to digital currency, they may move
further to introduce blockchain based currency and it wont be a case of choosing
to use it because it will be the only option because it will be regulated, controlled
and centralised.

I was thinking the same, wouldn't it become centralized?
is it possible for a government to issue a crypto currency and keep it stay decentralized?

advancing from digital currency to crypto currency will require massive change of equipment and infrastructure
regulating and controlling it will also become a big discussion and debate
but making it centralized is totally against the idea of using blockchain

As a currency for storing savings of using instead of fiat (if it is accepted as payment in stores) - sure, why not. As an investment opportunity - naah. The government of a good state with strong economy will not be interested in fluctuations. It would probably do the best to keep their coin and thus the whole economy stable. It would be a lot like tether but safer and at the same time probably not such a popular coin in trading pairs.

I really wouldn’t mind the least about the country behind the coin, all that I will care about is if I am going to be able to make some profits from investing into the said coin.

I would participate in a bounty program of such alternative currency, I think I would do well to make some money.

Their is no use to consider the country behind the coin and person who had invented it.I will just check,whether it had potential to give some profit for my investments.Because it is my hard earned money,I don't want to inverse on any shit coin.You have to verify top to bottom of the coin before investment.

A cryptocurrency backed and issued by the Government to launch a bounty? that won't be possible, bounties are from ICO (Initial token offering) in short token sale or crowdfunding, they need funds and support to launch their project and tokens developments, bounty campaigns are one of the methods to promote and ICO, it is well likely that Government have enough funds to develop and launch a coin and platform.

The purpose of investing in crypto currency is to get reasonable profit as compared to solid asset like gold and silver.Instead of checking his origin,you can check the number of investors in that coin,you won't lose the investment if you had try this.Only you had check this, will give some profit.

NO, i am not interested in that. It defeats the purpose of decentralized crypto. It would have to permissioned on some level. You have that now, it is called fiat and is just a number in a system. It would be the same with goverment issued crypto

Lol, if that happens, I think that it can only result to bad out comes since it is pretty obvious that when they do this, they will clearly ban other crypto currencies out there so people would be using the crypto currency that they will be promoting. And they would probably be going for a centralized and heavily monitored type of crypto. It would not be any different from fiat that we use on credit cards or anything of the sort.

A country own cryptocurrency is not really a bad thing .  It also still signifies that  cryptocurrency is being accepted by many governments. Though, I have heard that some countries have started this, but don't know how true this is. This development will improve the financial state of the citizens who invested, if implemented. But I personally won't invest in such currency,  cause it will be more centralized.

If it does happen then probably people will start to get it since it has security with your investment, and you would have someone to blame with if that coin has to fail at something.

Imagine if a state announced it would enter the search engine business to compete with google. Or if the united states federal government proposed plans to enter the electric car market to compete with Tesla and Elon Musk. I think the response to those plans are what most would expect from a government entering the crypto currency world.

The main issue with many state run programs is they lack incentives to be efficient or cost effective in a way which would make them competitive against private sector entities. The state has a lot of clout but there are no metrics in place which would allow a person to determine how effective or ineffective tax revenues are being spent. Politicians tend to be entirely computer illiterate, economics illiterate, war and defense illiterate. They're often entirely at the mercy of analysts, campaign contributors, special interests or advisors as they themselves do not comprehend issues like net neutrality.

Part of the reason for bitcoin's success could involve people losing faith and confidence in governments to solve problems. In the USA the government has spent trilions attempting to fix issues like healthcare with little or no success. If the government released a crypto currency, there wouldn't necessarily be any real support for it. Not when the USA and european union are trillions in debt and not giving much indication that they are capable of successfully running things without destroying economies of their own country(if that makes sense).

If it United fucking States of America, then no. Other countries? Maybe. But probably I wouldn't care. It's crypto, do you know what that means? It can be used globally by anyone, anywhere. No one can stop that. And FYI, there is no respectable country. All of them are shit filled countries. And it won't get more attention, don't you worry.

Well if there is no law or high fees in using probably yes I would go for it and I agree with the statement above wherein even it is issued by a country still it will be used globally. But it is a government so meaning for sure there's corruption and in my opinion once they introduced their own crypto they'll try to manipulate crypto industry within its territory such as exchanges etc.

It will being an interesting thing for us to invest legalize bail already on hand. For all this time, crypto hasn't been accepted because the validity in eyes of half government so people lack of belief. If the government already take out of course it will invite many investor. But i will ask for the tax i haven't get any imagine about that. Currency before will still populer in half of people but little currency maybe will be disappeared.

Yeah it might be an interesting idea to purchase the government backed crypto because the government issued cryto is bound to get to the mass adoption stage quickly with banks and retailers jumping into it - ultimately driving the public to use that crypto to trade

i dont think so... until and unless government issued coin has a great value / USP against bitcoin..

just want, as long as the fee for each transaction is not too big. because a large fee will greatly burden its users.

Petro, a Venezuelan back crypto has already been launched. And they said that they are going to used it to trade specially to circumvent the trade embargo impose against them the US lead nation. Right now it has gain attention, but the big question is who the hell are going to used it? Can we go and register an account to local Venezuela exchange and buy/trade it? And how you do trade for other nations? They say they have been trading it with Russia but I haven't seen any concrete evidence to back up this claims though.

if it's created by government I won't put it, I believe the coin will be centralised and we won't have any freedom to used it, there will be trackers and documents that need to submit to buy, and I will choose other investment if I got to choose centralized investment like real estate or gold

i think not at all. cause government is controlling the price so they hold it in their hands so have a full control with price so we are nothing to do to wait them to pump or dump it. we  can not assure that government will become true to us all the time so why we should trust in coin that made by government. think about it. they are more tokens and coins that non government made. so why we should settle for less right someday we will find out

Hell no, why anyone would choose to use a centralized, government issued cryptocurrency over a decentralized, community based crypto like bitcoin is completely beyond me. I would say that 90% of the community here would agree with me on this.

If a government did decide that they wanted to issue a crypto of their own, they will certainly retain all the necessary controls over this currency economically, just like they do with fiat currency as they are able to manipulate whatever aspect of it they like.

What's the point of using a centralized crypto? I don't get it. It's literally the same as what fiat is right now, except on a blockchain.

in many countries today is still largely considered bitcoin is an illegal transaction. It is not impossible that they will come to legalize bitcoin because everyone is wearing it. The government of course does not make bitcoin as their currency but as an investment tool only

It would get attention but only for their countrymen, maybe there are people who would notice it but only few. The coin would be made by our own will surely supported by the people living in this country.

I will go for it as long it is within my country. I think that is good. For me it means cryptocurrency is already legal in our country. There would be advantages on it. If coins cyrptocurrency is issue on our country and issue by the government I will support it. I may think less about scam if that's happens.

Why not ,if profitable then everyone will go for but it will be difficult for crypto whale to manipulate it fully as more stock tycoon will also indulge them in this . Major country will not do it full decentralized they might add some restrictions to it and take it as tax income for government expensive.small country might do it as decentralized fashion but for now we are not seeing that much hype around it as some of them have issued their crypto currency.

Well, the only reason I would go for it is for pure speculative power. It is the same reason I bought a few tokens like Ripple and Verge, issued by entities I know will manipulate the price. Go in for the profits, leave before they ruin the project. Yes, that means I will never hold those tokens, but it does not mean I will not buy them to make short term profits.

Never. Government should not control our money. That's why crypto was created in the first place. I don't see the point in returning back to centralization

I guess it is depend on the country if you are investing in ICO of that cryptocurrency you will notice first the agenda of the tokens or the coins that they are releasing in that moment you will be sure if that is good. Things that are legal is not always good.

Although what you said is true but consider the loop holes of decentralizing local currency and I believe that it will create chaos because the number would become limited and does not compensate on loss coins. Also, consider the fact that it would need machines for mining or confirming transactions would be very much expensive specially on hot places.

Well at that moment we may have big trust factor. As it would be allowed and offered but the government so we may trust them. We may input our money in that coin because we have surety it would never die and it could be potential coin for us. But still, as the expert says, don’t just believe in others. Keep a good research for you and only then take a step in something you want.

Government cannot issue  coin or crypto , while its fact that it will have a strong support system just like in bank , the bank of the government will never be or impossible to be a bankrupt. BUt the thing in creating cryptos of government is different thing, crypto companies are private and will never be in government, why ? government will not put a budget in crypto for the mere fact that they already inside the stock market, it will be ahassle for them to create a company or it will not abide the law for government to create a company. these thoughts are based on my own idea and some researches.

yes, there are some drawbacks like since it is a government project, there would be some issues on anonymity of users and holders, they can easily tracked down the users and taxed them with a pretty much fees. but in the other side, since it is from the govt, there would be no issues on legalities and legitimacy of its ICOs. just like when we first knew about bitcoin, we took the risk, maybe it will be the same with govt coins. its your choice to venture or not.

I think that it would totally depend on the country that will issue a cryptocurrency in their own. So I would for start look on their life level.

There is a lot of talk about that these days, as some countries show interest in crypto and specially in creating their own version of it. The thing is, you can't really compare the "typical" cryptourrencies, that are decentralized and independent, thus not controlled by any country. That is the key aspect of cryptocurrencies and a e-coin issued by any state or country would never have that.

I still think it would be a great idea, and it would still bring more transparency to that country's economy. It all depends on who would control it and how. If it was completely controlled by the government and not banks, that are usually private, then it would result in tremendous power for that government, and if it was corrupt it could end up badly.

As for those that are saying that any government that had it's own coin would completely ban the decentralized crypto, I just say that I don't really believe in that. They could try to do it now and they are not doing it, so nothing would change.

As for adoption, of course it would be huge, but that doesn't mean that the coin would be valuable. All currencies represent the economic power of a country, so it would only be as valuable as that country already was. I also doubt it would be scarce (and probably there wouldn't be any mining involved as well), so from that point of view, it would be just like fiat.

If it would be a coin issued by my own country government, I think I would support and invest in it. But if some other country, I would think.

There is a high possibility that that coin will pass other coins price but I believe that it cannot pass the top 3 coins leading or even top 5 because the top 5 coins gets support from the whole world and the possible coins you are talking about will just support by one (1) country.

this has already begun to be done by japan and venezuela, but in fact they also have to deal with the crypto market widely and most still use bitcoin in their ecosystems, so their altcoin still has to move to gain global confidence. on the other hand, they also will not be able to intervene anything.

well, I do not like an idea that being controlled by using government's cryptos, especially my government's crypto. My government is not good and they try to do anything they can to steal the people's money. And it will become a nightmare if they start the cyber network money. It will be easier for them to take away our money

both of that countries have different background. Venezuela is a country experiencing economic crisis, and Japan is a developed country that pioneered the development of cryptocurrency. even though their government issued its own coin but until now it still depends on bitcoin like other coins

this whole topic is talking about a government issued coin from an investor's point of view but it is not the only way of looking at it. you can see it as another currency issued by the government. just like fiat people are going to easily use it so it will become popular at least in that country.

but also you should remember that these governments are issuing a "currency" not an investment an also it will be centralized. these two simple points mean such coins will be stable. so investing in them is not really something to be  discussed! it is like saying will you invest in US dollar that US government issues?!!

   You have good arguments. Investing in government crypto-currencie wouldn`t be an investment cause it`s stability, it
can be store of value for people who trust in it.
   If government issue a crypto-currencie it will not a be a choice for people who live in that country to accept it or not.
Governments have ways to force people and companies to use it. There can be referendum before accept in it, to ask
citizens are they willing to go forward or not. I would vote for yes, better transparency, faster transactions, more safety
and bigger security, why would anyone say no to this things?

I think it will catch attention of most of the people around the world. But there are few things which it must contain, it must be more than a currency! It should have some function that can help the international people at something. Something like using it for the international transfers in the form of their tokens and thus not getting extra charged etc etc. Really there could be many more applications of that and this token can turn into some beauty to help investors earn something out of it. So yeah, it could be good deal but the country must let use it to internationals!!

It will surely draw support especially if the government will mandate it's use. I just doubt if their won't be any scam anymore, scammers are creative.

I also don't see any reason to acquire other country's currency if I'm not living in it, therefor making each currencies popular only in their country.

Hell No! I won't go for any coin crafted by a government. There will always be that control by politicians. And politicians are crooks. I rather swim with the whales than the political sharks. Just like the Venezuela Petro, I am sure many people are skeptical buying into it not because it won't do well but because of the massive and unrestricted control  the country's politicians will have over it. Again, businesses are better run by private individuals, and not by government.

A coin issued by the national government will become the official currency. The money will be used in daily life, transactions and transfers through banks. But bitcoin in Vietnam is not issued by the national government or accepted payment.

If that country will strict in implementing and promoting their own coin then it will have more attention than the biggest coins. AFAIK there are coins that was into the same thought of being held by a government but most of them didn't reached success.
This can only happen if they'll make certain government rule that is dedicated for their coin.

Of course it will become centralized by a supreme authority.
Yes, technically it's possible for a government to issue a crypto currency and keep it decentralized but this will generate no benefits for it. Governments and national banks will stand against any kind of freedom may be offered to it's citizens by any tool especially in technology because science can't be easly governed.

There are some countries that legalized Digital Currencies and I don't think that is a "far beyond" to what we are doing now. If a country made their own crypto currency, I don't think that it will be as popular as we all know people are thinking that government are snooping to our transactions.


I don't think so. As I said earlier, people might think that the government are tracking our transactions.


I don't know about that since most of the digital currency on the circulation has the feature of decentralization and volatility, since a government will be starting their own, they will be trying to control it taking away the decentralization and volatility of that certain digital currency.

It depends on which government issued it and its motive on issuing it in the first place.
One drawback i could think of is that coins issued by the government is most likely politically driven. Meaning, its aim isnt to offer a decentralized solution, but maybe it's just more ways getting away with corruption.

Once a modeeator asked if we needed ur own coin here in the country, I may have thought about the answer and I think I would say no.
I think to keep it solely in bitcoins and few altcoins is enough to make the Cryptos be a part of the future.

I think the creation of new coins will increase risk of scam. Anonymity will still make it hard for people to trust new coins ahead.

One of the ideologies of the cryptocurrency concept is to get back the control of your money without any bank or govt. (and using cryptographic protocol)
It's not using a secure protocol to help the institutions to have more control over you

It depends upon the coin on how it gonna be accepted by crypto market and the government would really allowed and protect this from scammers.

So it would be centralize then?

However, just for the sake of testing it? then why not? I will give it a try and see how this crypto will do. But if I see that it will eventually go to drain because no the population didn't give its support then I might go and exit early. We don't know if it will be successful or not, but it is much better to jump on the bandwagon early and get as much profit if you can.  :)

As far as anonymity though, if it is back by the government then for sure they can scrutinize it anytime without you even knowing it so there is also a risk in your end.

Yeah, why not? Especially if it will be a coin from a country with stable and developing economy!

I have to agree with some of the comments here, that I would be adverse to purchasing a crypto-currency from a specific country. Although I believe it's the direction we're headed towards anyway, because governments will eventually "join'em" if they can't "beat'm", it pretty much defeats the purpose of a government-free, bank-free, Facebook-free economy. Imagine who you'd possible want to buy a coin from? The U.S.? Russia? The Middle East. I wouldn't trust it or want it.

Why not, It will surely have a good value and stable price. It might also reach bitcoin price easily. Having coin from government also will help people to easily accept the technology about it. Cryptosystem will also be popular and would make big effect on other coins. Possibly all coins would also increase its demand and become very popular.

It really depends on the coin itself, the government backing it, and if it is actually being used by the people. Because lets just say that the US government replaced the US dollar with a US cryptocurrency dollar, then yes I'm most likely going to use that coin without a fuss at all (given that the coin itself is as accepted as USD and there is no problems with it) So yes, in that case I would go for it.

If we're talking some random country that isn't going to help me at all, then no I'm not going to get involved with that.

It's barely inapropriate to make the comparison between usa and other "random countries" and between btc and usd; bear in mind that all governments (banks behind) are sheeting us by the actual financial system even it looks strict and useful but imagine how much usa print paper dollars to finance its policies and how this effect every single earning in the planet (mondial inflation) so all the governments are sheeters and this is why born bitcoin and cryptos!!
No comparison at all between btc and usd because no one of them can replace the other. 1 Btc should cost more than 100m$ if you are willing only to replace the circulating dollars, and dollars besides can't be the solution as it was the problem since ever.

If this case is put aside, and we consider any other thing element related to our life if issued by our government for the sake of our benefit, I think we must be going for that. Reason is, there should be some profit hidden in that for us that must be carved out and get benefited. Plus there would be safe and secure way of doing that, legalization. Same is the case with coin and we must go for that.

 Probably yes. Look, nowadays there are many scam ICO and if not a scam the project is not able to succeed. That is if time will come that the government is the one that is promoting an ICO, such project is surely a promising that will easily attract the investors. I am also convinced that the investors will not hesitate to participate because they know that the project will surely succeed.

To speak the economy, it is possible to fiat the country's currency will lose money because bitcoin currency does not have taxes, on the contrary the country's currency has taxes and capital for the manufacture of currency. If bitcoins are legal in the country, we may be able to use coins to transact and shop, but this is a debate and it takes time to make it happen just like arranging the concept of payment and bitcoin sales in the country. You can see the Chinese country, they try to make digital money but the country gets access to control the digital money, but they are still thinking of ways how to access digital currency and how to control it.

That could be something - however, it's safe to assume that all government issued crypto is going to be centralized, and the controls are essentially still handed to them. There is absolutely no change. If they want to actually let their citizens use a decentralized crypto, they would have done so with existing cryptos like Bitcoin.

For me, as I said, I would avoid centralized cryptocurrencies entirely, regardless of which country issues them. They simply aren't backed by anything, even if they claim to (cough cough *Petro*), since there is absolutely no guarantee they are going to redeem their promises.


Anything relating to issuing one's own currency, on any platform, is politically driven. Just like Venezuela's crypto-fiat. Not sure how it could help corruption, though.

If there is decentralized cryptocurrency in the market available for investment I will never support a centralized crypto because the profit margin will be less than decentralized coin. It is good for only those who country issue their own cryptocurrency because they will trust the most because of the government controlled crypto, but generally it is not good.

As they said, I think it defeats the purpose of cryptocurrency. It is necessary to ask why they would want to implement it, based on which project or with what intent.

I think i will use it ofcourse if it is developed in my own country only.

I would go for it because that means that the government are engaging their attention to cryptocurrencies and it might a good opportunity to make a lot of money because they will developed that cryptocurrency for the better in the future and if you know the buy low sell high then you know that it is best to buy their cryptocurrency while they a are cheap and in the ico and sell when they are at the top.

Better if  the government released  their own coin 100%  not goofy, but if government released their own coin for sure with a small value compared to other coins like bitcoin etc, and also sure that you will be less tax, how ever i would go even the government less a tax for it and even the coin have a smaller value compared to others.

Issuing ICO Is not a bad thing but authentication is mandatory to catch the attraction of people. If I know that new ICO if a certain country is not valuable I will never invest in it, because I want profit against my investment and if there is no sign of profit I will never waste my time and money. Anyway it is good for the promotion of cryptocurrency.

First of all, I want to see the credibility of this country in the country!

The encrypted currency issued by a country with high credit rating will be invested, because the national issued encryption currency has the credit of this country to be endorsed, with the potential of appreciation!

Obvious Should go for it, because it is regulated inside the country and we can use it as legal tender. If govt. had made own crypto that means they would have to legalize the other crypto also i.e ETH, BTC, XRP, XLM etc . actually it would be good signal to crypto supporter

Some point it say it is an assurance that when you invest your money in this coin will be high, since they will do a lot of fund raising to make the project successful because when we say 'national' coin it is a big responsibility since this represent a country and its economy so you will not jus play around... and you need to be engaged on serious business.

The same is happening with apple but they havent still faced any harms or failure in thir economic policy.

ofcourse not, there's never nice gov coin ever

If a country issues COINS, the country should keep its COINS safe.

If implemented, this development will improve the financial situation of investment citizens. I'm going to invest in some of these COINS because I'm interested in new things.

If this kind of thing happen here in my country, no doubt I buy as many as I can. Simly because a coin created by government is a huge project. 100% no scam scheme, community power is the whole land of the country. The volume is already there, high chance that price will go high,  can be called a sure investment.

Still depends on what its use, if it will be fully implemented and use in many organizations and establishments then it will be better for it will give easier transactions,  it will be good if its fully implemented.

As long as it is available to other country people then yes I will surely buy it because it is issued by government and thus it has just got more trusted than any other coin in the market. I will always buy such coins as they will have more and more users and the more the user for any asset means more demand and thus more prices in the future to come. So basically as an investors I am just looking at the profits that I might be getting from it.  :)

Whether it is from different country or my own, if it has the government tag then surely it is something huge for us. They might just use it for the public services increasing it value a lot more due to utility purposes and hence I am always ready to buy such coin.

Surely it will draw the attention of many investors. I mean it will keep the eyes of every crypto investors wide open as government themselves will be having issuance of the crypto coin.

But there will be some questions that will be mandatory to know :

Whether the government issued coins will be decentralised one or would they be partly decentarslikd one?
Or whether they will be regulating it completely and just showing us the dreams of crypto world?

I mea everyone knows whats happening with the XRP. Its just unbelievable coin as they keep on regulating the prices. So hope we dont end up investing in such coin issued by the government thus making it waste of time.

some of your opinion is right.but how about it's guarantee,we know petrol issued with big guarantee for it.if country that issued cryptocurrency is big country and strong in their economy it can be choice or our invesment portofolio.

Well it depends. What kind of projects will the "country coin" have? I'm guessin it will be more for exchanges in the country itself. If the country can actually back up the coin and raise it's value, then fiat will be useless. But then again, banks won't let it happen at all.

If the coin is very versatile then it would be popular. But if the coin is just a replacement for fiat then it would only be popular in that country and i don't think that it would price much at all. Then again, a country backed crypto currency has a good potential especyif you're one of the firsts.

The potentiality would not be as big as bitcoin or other coins reason is that only those country people would be interested in buying/selling and all other population of the world would still be interested in the btc . So when it comes for price rise this all coins would only fire better than government coin.

Not all countries will do the same unless they are looking to pull off the same scam as what Maduro did. In more realistic terms governments will tokenize their fiat system and have it operate on a 1:1 basis.

You are subject to all the negativity from traditional fiat currencies, but just in a different jacket. It grants you more overall convenience, and the governments more overall control. People shouldn't fall for it.

They will be able to dictate every aspect of what you do financially, and that without needing the banks to cooperate. People will become more of a slave of this system than ever before.

I will definitely go for it because it means that such a coin has got a guarantee to stay but as for weather it will gain more attention than some of the big coins today will solely depend on the economy and industrial power of the country in question, how influential they are will be a determinant factor

I'm still stay crypto that no one of government involve because if they do that theres a possibility that they manipulate the market even they sure that their coin is good I'm stay in bitcoin and other currency but not involved with government.

If the Government issues their own cryptocurrency then it means it would be centralized & state would be having a record of its citizens that would(if) they hold state-issued cryptocurrencies. It may work as same as fiat money that working in a current era, which would be adopted as state crypto and all the buying/selling would be allowed but in their own country but that coin can be exchanged with another country cryptocurrency same as fiat exchange. By doing so the concept of decentralization would have nothing to do with state cryptocurrency.

No I will never invest in a cryptocurrency created by a government the reason of the creation of bitcoin was to create a payment system independent from government control, besides such a currency will have probably 3 failures points, first everything will be recorded by the government, second they will print as much currency as they want and finally you will not really control your coins anymore.

I think I will investing my money on that coin. Coin issued by government must be back up by tax payer and government trust and thats must be a good investment. I think that will make cryptocurrency market more healthy and more bigger

Yes that tax will be present when they make a coin for government. It will took some time but its been 80-90% chance of making it to ruled again a particular country who will going to provide the use and require it to buy some goods in the future.

To be honest, I would definitely use it because the government would take a step further to optimise the potential of traditional fiat currencies so if it would definitely have more benefits as compared to that of the current Fiat payment system. However, I won't call it a truly decentralized cryptocurrency because even in the worst case government will never share the control with anyone else so even if it is on blockchain it doesn't mean that it is decentralized. There will be people who will always use pea and currencies irrespective of the benefits of cryptocurrencies and if it is from merchant side then as the user we have to reciprocate the payment method of their convenience.

I would invest in the government issued coin if it was set up properly. Not like ripple with an unlimited supply or some other way to centralise and control it. It needs to be on a publicly controlled blockchain with full transparency

I will check the coin in-depth.I will check with the white paper and team.If all them are perfect,I will inverse in that coin.If you get into coin at earlier stage ,you will get more profit when it reaches maximum raise.No need to worry about the origin of the coin.

I think it is against decentralisation and the whole mindset of cryptocurrency but we don't even know what blockchain  is capable of and if the technology of that coin is solid and benefits society, why not?

It is very dependent on the particular government. for example, Petro did not arouse my special interest. On the other hand, the coin released, for example, by the European Union can be extremely interesting for investment.

I will still prefer on investing in bitcoins because the price of bitcoins is the highest priced cryptocurrency and because of that we can expect to earn a huge amount of profit when the market pumped up depending on its volatility.

if ant governments would issue a coin than it would go mainstream really quick because it will give so much confidence to people as they will go after it immediately, the drawbacks are it can weaken their own currency.

But it's decentralized and quite opposite to what we have right now which is a decentarlized economic so people who would go for it are those who just trying to make profit off an investment. i'm not being pathetic by saying that this is a bad thing but if it could make me profit I would go in too.
But however, if the government that issue the coin are those comes from 3rd world country or even top 10 poorest country, no way I would go to invest to it because the chance is just too slim.

This is exactly like a bond issued by a company. You will only invest in a bond if the issuing company is in a good position and has been issuing bonds for long with good profitability history. Besides, sometimes you have to keep the concept of default risk in the mind as well. It things like these worked out, there is no bad in investing in the coins issued by a country.

I think the state will gain enormous profits for the country if they support the existence of cryptocurrency in the country. So their economy is strong. It may affect the value of their flat currency. But if mutual support, will be a big advantage.

They definitely will manipulate because it is going to be a centralized and controlled coin just as we have with fiat. Why is everyone criticizing petro coin owned by the Venezuelan government, it is simply because it is a centralized coin, and the same thing even applies to ripple which makes most of the community to detest it, except for those who believe in centralization anyway.

I cannot go for any centralized coin as I am done with that. Tell me to trade it, then I can give it a try, but investing is just more like trying to invest in your own country currency. I guess we all know where that has led us to over the years.

Normally no one is interested whether the coin is from a particular country or from any particular institution in crypto market and there are more parameters to look in to it. I prefer the potential of the coin rather than looking into its background, I always look for the future promises the coin has and will check their team background as well.

Could, cause if goverment will make its own coin there will be some money spent on ads and there is some chance that people from this country will put some money in it, i could invest in it too but only if future of this coin will be protected.

No way. I will be just sticking to my bitcoin. The reason as to why cryptocurrency was created it to oppose the corrupted governments and banks. I would not go around investing in corrupted governmental coin, even it is valuable and many people trust in it. As a matter of fact, more regulations will be put on it and perhaps taxes will be imposed on people. So, I do not think I will be interested. I am just waiting for the bitcoin price to grow.

Yes! I will go for it. Government is the one who issued this coin, so it is safe to invest in it. Government will protect this coin that no one can use it to scam others.

Could you give me any scenario on how a "respectable country" will create a cryptocurrency? Because if you will tell me about making their fiat currency go digital than haven't they done that already? From different kinds of payments such as VISA credit cards and cryptocurrencies they have digitized it now. I only think that if this country will create their own kind of cryptocurrency they will only see it as a weaknes and they are only doing that in order to collect some funds to pay off some debts.

Well, with the existence of the UN, I doubt that it can possibly happen.

Anyway, for the sake of argument, yes I will definitely buy that coin and will swap it to USDT.

the government-owned central coin is the replacement of fiat currency nothing more than in the form of paper they issue digital coin and integrate blockchain for tracking of transactions

If that coin would be issued by some of great countries with great economical background I will deffinately invest in it

How would you invest in it when governments are only looking to tokenize their existing fiat system? If you have $100,000 in your bank account, you directly have that number in fiat tokens when they decide to completely shift over. It's not a matter of 'I will probably embrace it', but you have to embrace it when the government thinks it's time.

Not every country will end up initiating an ICO for its own benefit similar to what Venezuela did. Maduro just needs to secure his criminal empire, which is exactly why that PetroCoin was created. All his traditional assets can be seized/frozen, which isn't possible with his new crypto toy. It's a safe haven asset granting his criminal squad a peace of mind. We'll see how long it will last, but know that every investor putting money in that coin financially supports Maduro to keep terrorizing his country.

Any government-issued coin or token will not be decentralized and is subject to control by their central bank. It will be the same like their national currency or fiat and the only difference is being a virtual currency. It's better to stick on the real blockchain-based and decentralized cryptocurrencies where no one is controlling it.

personally, we already knew what will likely to happen when there is an issued cryptocurrency by the government, but if it is really a mandatory and there are certain conditions to be met, then there is no other choice aside from going on with it, but if there are some things that doesn't seem right, then there is no reason for me to go on.

Why not? Every digital currencies has their own advantages, and I think there are a reason why the government created such currency. If that currency has a advantage to me when I will be using it, I will gladly buy some. But I don't think that it will be used by the government to have another way of getting a source of money so I think if they will be issuing a crypto currency, it might be a currency with the value the same as their currency.

There is nothing that would make it different from the fiat system that we have always had. I never liked ripple because of that and one of the reason I have never believed in its future no matter how high the price wants to rise eventually because it is centralized, so if I cannot invest in a coin that calls itself a bankers coin, how on earth will I want to invest in a currency owned or issued by the government, hoping something good will come out of it in the long term.

We have been doing that since we were kids before satoshi gave us an option, the decentralization option is far better from the look of things.

Of course such a coin will have guarantees from the government and it is supported. The economy of the country will also support and use the cryptocurrency.

of course it will be a good investment, if my country come up with it own cryptocurrency for sure i will buy it, but you have to know that it will be regulated and nothing like anonymity. you will have to provide a valid identification for purchase.   

I would try out those new coins issued by governments in order to check the percent profit as I am a productive person so I will spread my portfolio everywhere. Besides the Bitcoin and other crypto businesses I will tryout those coins as well. Furthermore, I will buy those coins if coins are with the same nature just like the Bitcoin and other coins as to be familiar with those coins and to get the profit without any involvement.

It does not matter what country creates a cryptocurrency I will never use it, the first cryptocurrency bitcoin was created by satoshi as an effort to get away from the current economic system, and I'm not going to begin to use a cryptocurrency that is nothing more than a fiat currency that is designed to keep us captive of a system that is institutionalized fraud.

I don't really want the government get involve in crypto since they might make some manipulation to their people, but if they will make coin that can do easy access on government facilities or will implement wide use it will be a good idea tho.

The idea of creating a state own crypto currency will not be supported by the people, since the state crypto currency will not be anonymous and will limit users in monetary transactions. The state should implement the already existing crypto-currencies and not resist progress.

If the coin they issue is good. I will go for it. But now i prefer to invest in coin that are establish long enough. I hard to go for coins that are controlled by governments.

If that is the case then there will no more foreign exchange. Paper currency suffers from inflation therefore for investors it is more profitable to invest in a coin backed by the government. It will also give the investor the convinience of investing becausw it is cryprocurrency and they can also invest in other country's crypto with ease.

Well we have yet to see it. Some countries Like Japan is already planning to implement a state backed cryptocurrency. Even though its backbone is blockchain technology, it is still a centralized currency that is controlled by the government but since it technology will be base on blockchain then it would be more efficient and has less cost than making and circulating the physical coins known as fiat. I would assume that still many people would use it because it is backed by government and it is regulated and people tends to trust more the money backed by government than the existing ones that are decentralized.

If I have no choice but to use it then I'll go with it. Maybe our government would decide that we cannot directly purchase or sell other cryptocurrencies to fiat but instead we should exchange it to their currency so I have to go through it just to have some fiat since it is an undeniable fact that we still need fiat in our lives because cryptocurrency has still limited scope.

Yes of course! Why not? I want to join one of the government to support our government. It's also for our future and for the country's economy. Thanks. .

I would buy some just to support the government but I do not think that it can as much successful as bitcoins. Most of the crypto  investors will trust only old and reliable coins.

Attention can be earned only one centralized crypto currency - this is the country's crypto currency. It is the coin of his country that may still be suitable for our use. It's worth to buy to check how it will work in practice, can, and will provide certain usability. The centralized crypto currency of other countries, in my opinion, will be of little interest to us.

Of course, it depends on which government would support that coin, because if it is my government I doubd, that would go into it!

I totally would.
If a government would issue a cryptocurrency, that would mean that the country is transitioning over digital money with the purpose of convenience and benefits over the traditional fiat and ideally to be used widely on the area.
I do not think that there is much of a choice except to go with it, the government is powerful.

Yes, definitely I’ll buy it. I mean obviously I will anticipate first its potential, the idea, how it works and everything, but since it will be issued by government there will lot of advantages. The coin will remain stable since it is backed by government. There will be less pumps and dumps and more profits. So we would be able to invest in that coin more confidently without fearing much about uncertainties.

Good idea.It's not really bad to invest even a small amount into a crypto coin issued by a government since most of the people will be heading for it.But i won't leave my investments in bitcoin because it's a sure thing that i can gain huge profit compared to a newly invented crypto coin which has no assurance that it will really lasts even a year or two.

It depends which country tbh. Government is shady in general but some even more so than others lol

No. Why I would choose the centralized coin. The governments created by governments will surely be centralized, no matter what they will have a control over it. It is indeed blockchain gave us an ability to help improve privacy and anonymity for being the public ledger. But I believe what governments create is just similar to what Ripple does.

It depends if the coin developed by the government has value. If there is no value, I would not go for it because I do not want to waste my money. But if that coin is very potential and has ability to grow, then why not. However, this would be complicated case because the government may put tax in that coin.

Every country has able to do what ever they want to do their Government because all intention for progress to their Government are benefited to their constituents  all the benefits is rewarded to their community so there's no problem about they build their own coins, and its up to them on how the people  strong support their own creation.

In my opinion, only the centralized national currency of your country deserves attention, since it can partially replace the national money and provide certain convenience in its use. Other centralized coins of different countries, most likely, will not be of interest to us from a practical point of view.
The situation may be different at the international level when using interstate agreements. Most likely, the states will prefer centralized crypto currency, taking into account its stability and decentralized use in trade agreements will not be.

Interesting then who will make the coin? Who will be the developer of the government? then how is the centralized system becoming the main system of government? I'm glad to hear that, and of course it's going to be a strong and reliable coin but the question, is they want to create their own cryptocurrency which is a system different from their financial system?

Yeah! why not, if government would support some coin or develop some, I think they would have a great ICO, with all signs of success!

What is the essence of buying and holding, when you already know it is centralized and controlled anyway? It is just more like you saying you are investing in USDT when of course you know the value is not going to change from 1USD. Sure there may be fluctuations when compared to other currencies in its category, but that is actually what it is going to be good for, which is trading. If that is what you are looking for, then you could have as well just stayed in fiat and not be holding any cryptocurrency at all.

A cryptocurrency created by a governments could have some benefits that is true, but the problem is they will never let themselves be audited, we will never know the exact code behind the coin and whether they can know everything about what you do in their network, which by the way is very likely, and even if the code was clean there is no guarantee they are not going to change it in the future.

If the coin is using blockchain or even an existing chain today, I think I would use it still after all blockchain is blockchain and I'm always going to be a fan of it.
A governments issuing a coin is definitely a very exciting government. Their central bank would be open to also allow let us buy btc on them, wouldn't they?

It will be just like fiat so it is likely you will be able to use it for everything, so many people are going to be deceived by this, thinking this is an even better version of cryptocurrencies but nothing could be further from the truth, when the system begins to collapse we will see the difference between those cryptocurrencies and the real ones like bitcoin, this is going to be similar to what it is going to happen to those holding paper gold and those holding the real thing.

nah, all crypto currencies should be open for the world, it is decentralised thing, so we have a new way to make a new world, with a new economic model, with new progressive system of government, the national coin is the way to contol it by its country

Except that I am 100% sure it would not be a cryptocurrency. I guess some of you must have forgotten that the ideal meaning of cryptocurrency is something that is decentralized and not controlled by any form of central bank whatsoever, and in that case, we all both know that no government is going to be creating something they are not going to be able to control.

In the case where it comes as a decentralized currency though and it is a country with a lot of prospect and need to create a huge demand for the currency, then it may be worth considering but we sure do know that is a dream that would not come through.

I travel sometimes and if this coin will be issued by some country I love - I will go for it, why not? Don't see anything from with that.

if the coin has developments and products that are really very useful for the people and can provide or be a solution of some problems and can provide benefits then I will buy it but if it is not profitable then I will not buy.

government issued crypto coin is equivalent to the market fiat currency in digital form so there is no much difference between fiat currency and govt owned crypto coin

If the essence of this aid coin is really for the benefits of the nations and it will be use inside the country then I'll take the risk, it will open the door from each country to adopt the chain, and allow fiat and crypto to work alongside of each other, coins can be use as an alternative to digital services and cashless transactions, looking forward to see who's going to take the first step and begin the journey using blockchain system.

if the government has a coin that is very useful for the people and can be the right solution and can provide a lot of benefits for those who have the coin, when the coin can be like that then I will buy but if not profitable maybe I will not buy it.

No, I'd never buy a coin issued by the government. I wouldn't feel safe knowing that the coin can be manipulated and that the government will be able to destroy it if it decides that it was a failed experiment. What if there's a war? My decentralized cryptocurrencies will still be valuable but the government coin won't be.

I personally think that issuing coin by a country government would be very useful to its countrymen living in that certain country. It can be used in transactions and as a currency on that country. Its legality will be official and there will be no scam in this project, but still there will still be chances that that government can manipulate this coin, the anonymity will be out of place in this case and assets will be tracked by government. It both have its pros and cons.

 I would definitely invest some but I would still invest more on bitcoin and altcoins.

The only reason a government would use 'blockchain tech' for their own coin would be to make their existing policies - inflation, debasement, control, surveillance - easier to execute. Combined with cashlessness it would be nightmarish and you wouldn't have a say in the matter either.

The problem here is that the tokens that is controlled by the government is still prone to corruption which cannot be traced. For instance shade transactions in customs which cannot be traced because of the blockchain technology that is used by corrupt goverment officials which they fully control. It will be much harder to control and trace.

it may be that security in government investment is safer than in bitcoin, but I think it will depend on the government. they certainly make certain regulation, which is definitely not the same as bitcoin.

Bitcoin is already secured but i think the coin which will be issued by the government will be more secured.For me,i would rather buy them both,bitcoin and the coin issued by the government.But i won't leave bitcoin behind because it's still the most trusted crypto currency all over the world.And this new coin has no guarantees that it will also lasts long like what bitcoin did.

i think so, considering it came from governments, it is definitely legal in any way, therefore, many people especially on that nation will undoubtedly put in more money or invest in that coins, having high trust rating, surely it will have an edge over its rival crypto, as for drawbacks, maybe in terms of how long it will circulate and how will it co-exist with international government-made crypto. it will create more competition resulting low value on the market.

 I'm wondering for what purposes they should issue a coin if they have already there own currency and stable economy

Are you serious right now? Then what are you doing there if that is what you want? Hold a centralized coin that is eventually controlled by the government? What is the difference holding your own currency then and saying you want to invest in it? Let's be realistic here, a lot of us are here just because we simply enjoy the idea of decentralization and not because we just want to invest in anything we see. A coin issued by the government is no different to fiat.

No, we cannot assume that. Even bitcoin will be finding more success which will definitely trigger such thoughts to governments. We can expect some government to come up with their own coins in near future. But the success of those coins will not last as per decentralization principles.

I think, this is only good for government, and it will be not so popular in the world. The price for taxes can be big opposite to others on the market.

This is good suggestions all coins should be free t use and government should not compel all people to use the coin of their choose, I think we should request our government to leave the option for people of the country to choose what they like, this way I think there will be peace and good crypto atmosphere and everyone will be free to use currency of their own choice as specially the crypto currency is decentralized and no one is bound to have it, for me bitcoin is the best option.

I would not have invested or supported the national crypto currency, because it will not be anonymous and for other reasons. But as most countries have already said, they will not issue a national crypto currency,

People mostly goes for the profit. They don’t want to know to whom this coin does belongs. They often don’t get to know the developing team and their projects as well. Although this isn’t right for them but still they only inquire about the coin and profit ratios for it. And on such basis they decide whether to go for this coin or not. So if governments make or not, coin must be profitable.

I think.. anyway, it's going back to bitcoin when talking about crypto linked to the country, Bitcoin will stay on top because I think it has a prolonged, more strongest role in many places.
After all, I do not think each country will really have to make sure to have their own crypto coins, this only happens on many certain projects I guess and then supported by the country.

You can see the Tether (USDT) in coinmarketcap, this is the first cryptocurrency made by the government. If you look at Tether price movements more suitable for trading, but for long-term investment, I do not believe it will have a high price like another cryptocurrency that has a decentralized system.

Price Tether never exceeds the price of $ 1, the price will decrease and then back again to the price of $ 1 so for the recommended short-term profit.

Perhaps this is an indication that the cryptocurrency made by the government is not very profitable for long-term investment. One's expectations of having coin investments that have a centralized system are limited by the government.

Agreed, it give users the trust of long lasting. One can make a very minimal profit investing on this, maybe through trading can earn little more which is also quite a hard thing to achieve as these assets won't be varying big in terms of margin. Large volume trading could get a small earning as the fluctuating margin is small.

If our country would have it's coin , I think the government would still put some tax in it. It would be hard because it would be manipulated by the government. I would still choose bitcoin over any other coins because I am sure that it won't fail any of us.

If such a cryptocurrency existed and you are planning to use it immediately there is nothing wrong with it, but the big problem is if you want to use that cryptocurrency like an investment, you just need to look at all the inflation going on around the world and all of it is caused by governments printing too much of their currency, which is what we are trying to avoid in the first place by using coins like bitcoin.

No country will actually give up control and issue a decentralized currency. Sure, if we get to see this happening, I am sure a lot of people based on how the country is perceived may want to kind of invest in such but for a centralized currency which apparently is what I believe almost every government is going to issue, what the point is investing in such. If I want to trade, that is a different case and I may as well just say I am trading Forex on a different level but investing? No way!

I want to assume you guys are missing the whole point here ?
If you are for centralization and you prefer less volatility, then, why are you here in the first place and why are you not holding all your funds in your currency instead ?

We are talking about centralized currency that is controlled, and obviously Central Bank will be making all the decisions, so why on earth would I want to invest in something that never worked out well in the past in the first place with all the manipulations and monopolies.

Because value is relative.

A centralised currency issued by say the Swiss is definitely something of value as it may hold it's own against other currencies and against bitcoin.

(Since the start of the year the dollar has done well against bitcoin!)

I will invest in the cryptocurrencies issued by some big countries, such as the United States, Britain, Germany, France, etc.
In these countries, economic and political development is good and credit is guaranteed! The prospect of cryptocurrency is certainly good!

No matter the government that is creating the coin, there is nothing actually there to go for. Sure, I may still be trading it just the same way I trade Forex and that may actually bring about a better way to trade. However, we also need to remember that there is actually no way it would not be centralized and controlled, so holding it would really not bring about anything different from the fiat we have been holding all our lives.

That is if the government is actually issuing a cryptocurrency which we all know it is impossible. Cryptocurrencies are not centralized nor controlled by any central entity. The only thing the government will be doing which I believe is to use the blockchain technology to create a centralized digital currency and nothing more. Just the same way we have USDT, and nothing more. You guys should not deceive yourselves, you won't get anything different from the fiat you have been holding all your life.

If a country does that the first thing you need to think is that it is a trap, they may issue a cryptocurrency but I think they are going to do it to try to deceive people into thinking they are modernizing when in fact if the governments get control of cryptocurrencies they will know what you did with your money and when and that is knowledge a government must not have.

It would just be the same as holding fiat then because it would centralized and controlled by the government. It may use the blockchain technology but it would be controlled then and holding it for investment purposes would not be worth it if you intend to make it as long term investment. It would be pegged to the fiat currency of the government. If I intend to invest in a cryptocurrency then it would be decentralized just like the cryptocurrencies now and maybe issued or have some partnership with reputable companies.

Most likely, we can only be interested in the centralized country's crypto currency. It will be like more convenient use of national money. Centralized crypto currency of another state is unlikely to be necessary if we just do not intend to visit this particular country. Therefore, it seems to me that centralized crypto currency will play a certain positive role. In addition, such a crypto currency will help restore confidence in the decentralized crypto currency.

It's a big no. People are here supporting bitcoin because they want decentralized currency. It brings no change if a country launches it's own crypto currency, that should be treated as a traditional currency the only difference will be that it will be a digital one.
The drawbacks I see is an economic structure will be destabilize, also crypto is not meant to run a country economy. We saw Cryptocurrency launched by institutions have no future. They are promoted and given a hype in the market but they can't maintain that level as the other decentralized coins are marking their success in the market.

if the coin is very useful for the people and can be a solution of the existing economic and financial mkaa coin will surely be supported.

right, and to explore the world wide, i think most choose bitcoin. unless we are going to transact with a country that requires the use of government coins in that country, so i think it will still be on the bitcoin

Even if there is a coin issued by government in a certain country ,I would not go for it unless I will be familiar with the details aroun that coin veing issued by the government can it match the funcyion and purpose of bitcoin ,if it will not meet the criteria of a coin in crypto then , I will remain with bitcoin and other altcoins that are already prestigious.

It would be a scam, you say that a cryptocurrency created by a government will not be a scam, but if that is what you think then tell me, what it is fiat for you? To me it is a scam, governments get to print as much currency as they want without any limit or restriction and by doing so they are stealing from the people, so a crypto created by them will be a scam.

I would not invest in such a crypto currency, because it will not 100% meet the criteria that should be in the crypto currency. I think many will agree with me.

It will depend on what government will issue the coin.
also, i will depend on the project they will use the coin.
There are so many corruption in the government and another way to have is also cryptocurrency.
it may gone to another way to corrupt the people.

The first is to invest it you are respectable in the world so much for your savings is to invest, the right now is to invest in this day and technology. The first to invest, but its value for those of cryptocurrency and technology in this era. The first is that bitcoin and I support the market. I believe that bitcoin

There are always two advantages and disadvantages of a coin. If the government releases a coin, it will certainly never be fraudulent and will have strong support and stability. However, we will be controlled by the government and taxed. This is not something that the participant wants

Of course, fraud is impossible when the government is issuer, they will not become a scammer, this will make people fight against them and their reputation will go down low, they do not have time for that matter. But surely, I will not participate in it regardless of whether it has strong support or stable because when the government controls, big volatility will not happen, things just fluctuate to a very low level, an investor would not be able to make too much money in this situation, our money will not be safe when the government can doubt the origin and then a series of taxes

Sure lots of people will invest in it. However, there will always be someone from the government that will take advantage of it.

But that currency issued by the Swiss has the same potential to fall victim to mentioned manipulations.

Their purpose is to watch every transaction happen on the blockchain. Also when country issue the cryptocurrency, they will try to stable price in stablize the inflation. When considering about this there is no merit for investors to invest in crpytocurrency that county issue for purpose of profit

Personally i will never go for no government coin, despite how great and awesome it could be.
I do not believe that countries need their own cryptocurrency, as they can use crypto which is already on the market and suits their needs.
The only problem is - they want to control their cryptocurrency, thats the main reason why this won't be interesting for me.
I joined crypto to be my own bank, and if i join government coin my dreams falls apart straight away.
No chance that any coin made by government will overpass Bitcoin or any other huge cryptocurrency, maybe only when some particular country will remove their local money and replace it with national crypto, so that everyone must use it, till then i highly doubt it.

Bitcoin is unlikely someone will be able to replace.. However, the transition to its own cryptocurrency within the state is a great help to make it independent and improve the well - being of people. But what government, to the best of its greed and greed, will want to make its country and people rich? Can only the United Arab Emirates....

You're saying a country will get rid of their currency and start their own crypto. Unless they can prevent the volatility I don't think that would be a good idea.

This is really wise words, the government are always trying to keep everything under their control, and if they would issue the cryptocurrency, this means that they by themselves get off from the steering wheel, and this is unbelievable for me.

If ever the government will really introduce its own kind of coins in all of us I think it will hit because it is legal and can legalize it in every corner of a place. People will also grab it for a reason that will not be afraid to invest due to they are aware that it is not definitely a scam. Media will promote it in a positive way resulting to the extreme increase of potential user. Nevertheless, the acceptance of it depends on its system and pros.

I will not prefer to invest on a coin that is coming from the government because there will be always a new coin that is going to come out with a better platform so keep on waiting for new opportunities.

I think It certainly is not a fraud and will probably get strong support, but will there be a loss on the currency and the country itself? Would it be more interesting than some of the biggest coins now?
Imagine that some respected country would go far beyond the legalization of cryptocurrency and start one of their own.

I would strongly and vehemently oppose this idea. This would mean absolute control over your finances and thus absolute control over you.

Yeah that will be the big benefit that the government issued coin will be authentic and there will be nothing of scams. This thing will grow their coin in the market and the people of that specific county would invest without any hesitation. If the government does tax its coin for some time, then can collect investment from all over the world.

Basically, if the coin will be issued by our country government, I would probably study about it first. Thus, I think I will have to try it for some reasons. Maybe first, since it has been issued by the government where I belong, it's gonna be well trusted and for sure it shall benefit me in the end. Next is that, for sure it has been well planned to help support its constituents so I think there will be no problem.

The government is free to issue an electronic currency based on modern blockchain technologies. I think it will have some other characteristics than the current cryptocurrency, which is controlled and managed by the government, so its value is likely to be less volatile, which would be more stable. Its safety will be high because of strong government support. Some governments in the world have issued cryptocoin. However, I think there will be more people not investing because the nature of those currencies is government dependent, as opposed to Bitcoin.

I will not investing on a coin that is issued by a government because probably, it will just fail in the future since other people hates government taxes and they will not support a coin that is created by the government.

A coin that issue by a government? Yes i will go for it. Infact i will out my all money in that because if that happen that coin is a sureball investment and it will be huge in incoming future

Bitcoin or cryptocurrency was created for anonymity and decentralisation. If a country creates one coin of its own then its maine purposes are already lost. I may or may not buy it, depending on the country.

Though i agree with you that a government coin can be very profitable due to people's confidence since it's legally backed, i don't think going all in would be a good idea. On anything. You can instantly lose all you have in one go.

I don't really trust enough on crypto that is issued by country government as it might be a way by governments to topple down the crypto industry. Just like what is being thought of the reason behind the recent bitcoin crash is all because of the Petro crypto which is an oil-backed crypto created by the government of Venezuela.

I think that there are positive moments in the creation of the state currency, but for me the main drawback will the lack of confidentiality. Cash is anonymous, giving people some freedom to spend money without worrying about explaining their actions.

Any coin issued by any Country's Government is definitely centralized and legalized against the Crypto Ethics, though with reliable or maximum security of investment. I shall buy but not in large quantity. The reason why I would buy some is to ensure my contribution into the Government's revenue drive used for Economic growth and development, since I know this type of coin shall equally be monitored to tap the required Tax from their Holders or Users.
Why I would not buy in large quantity is to save myself the agony of loosing my investment because when the volatility becomes negative, the Government might not adequately monitor it for controlling measures and may decide to dump most or all for the Dip. 

It is impossible to any coins be safe to the scammers. However, if respectable country would go far and startits own cryptocurrency I think it is possible and impossible. Possible because its a good thing that country start to acceptthe innovation of currency and it is a good opportunity for us to invest or try that cryptocurrency. Impossible because it is a huge amount to plan and conduct this kind of creating a cryptocurrency and many people will against to it especially for those who are not literate in the technology.

It depends strongly on the circumstances. What is the purpose of the coin, what government issued it, what are the details of the project etc... All in all, it does not sound bad to me, but there are many factors

Government furious at least one of cryptocurrency. I believe in science, I believe that bitcoin will rise in your life, but its not sure that many people have a dream that bitcoin will fall to the market. I do believe right direction and it will do if they can lift, I do not a bubble cause we all know,

I will surely go for it because I know there is nothing like scam in it because it from the government. They it won't have to be very real on market 💹 because they will finance it. The only disadvatage it may have is that the price may not rise.

Of course I will invest in it no matter they impose tax on it, but I will be mentally relaxed because of the centralized coin. Government will be responsible for any lose. There will be no scams and no frauds. If the government issues a coin it will gain fame in few days because of the authentication and centralization. The market cap will increase in seconds.

Meehn… the question is whether you can trust your country’s government. Some governments are not reliable and they are just criminals so investing in something that is being issued out by them is a very big risk Just like in my country, if the government starts to issue out coins like bitcoin  I wouldn’t go for it cause I’m very sure they one day they will make up stories to steal peoples money from them lol. So you better stick with this.

First of all, you must study the past of that coin and what country do that coin. If it is one of the top countries in the world we can accept it. It can give us a good profit in the future.

I myself not so sure if the government will issue their own cryptocurrency, because it would certainly threaten their own fiat
currency, but if that's true then crypto will have many users and once again, the US will certainly have the strongest crypto

A moderator inquired as to whether we required ur claim coin here in the nation, I may have contemplated the appropriate response and I figure I would state no. I think to keep it exclusively in bitcoins and few altcoins is sufficient to influence the Cryptos to be a piece without bounds. I figure the formation of new coins will expand danger of trick. Namelessness will at present make it difficult for individuals to confide in new coins ahead.

For me, I would, I say that because if a government backs or sponsors a coin, then you can say that that coin is legitimate and would have a better backing  so-to-speak than other coins in the market. As we all know, government money is people's money, therefore, if they invest on something, it has been thoroughly studied and is sanctioned by the people itself, which means that, the government won't just leave that investment hanging left to dry because that would be similar to wasting the people's money, which is unacceptable.

Nobody is interested to invest in a coin which has good brand value or have a good country backup, the investors looks for the potential of the coin and there is no other things will make them attract. If that particular country coin or the particular crypto launched by a country does not fulfill the potential then it is one of the least attraction for an investor. Things always goes in this way in crypto market trading.

What's wrong with that? That's a pretty good idea. For example, Venezuela has created its own coin. In a village in Japan, they also created their own coin. I think this is a good example for many countries that are thinking about the same way of development.

Would not join this coin. Since the coin issued by the government is in fact a fiat, only based on Blockchain.

Whether its issued by a government or by a centralized agency - generally, it's not a good idea to invest in.
The whole reason Bitcoin was invented is to allow its adopters freedom from taxation, privacy and mobility - not currently afforded to them in the current financial paradigm which is fully centralized.

No doubt people will be happy with their investment in official coin backed by the government, because it is a matter of money and I want security against my investment. If you see that your government launched a coin you will try to become the first to buy some if you have money. I will do the same if my government issues a new ICO.

I think it will get more attention from many investor. That cryptocurrency must be affecting on bitcoin price and make cryptocurreny market cap increasing. Market will be more attractive. I think that cryptocurrency not affecting on government currency

Presumably individuals will be content with their interest in official coin upheld by the administration, since it involves cash and I need security against my venture. In the event that you see that your legislature propelled a coin you will endeavor to wind up the first to get a few on the off chance that you have cash. I will do likewise if my administration issues another ICO.

I am sure that the creation of a new coin by the state will create a very strong push against the crypto economy. I find that a small unrecognized state that can do such maneuvers. After all, they still no one recognizes, so they have nothing to fear.

take an examples of bonds issued by governments , only few people go there to invest in those. so it will happen to same with state owned crypto coins

I do believe that this will be happen in the future. Because I can see that a lot of countries especially in
Europe moving away from cash and more to digital currency,. They may move further to introduce blockchain based currency and it wont be a case of choosing
to use it because it will be the only option..

Coin government is not worth of investing because most of the people will not going to invest on it which means the coin price will not grow in the market since everyone hates the government policy.

Governments of different countries have already begun to create their centralized crypto currency, and even more express their intention to create it. I think that this will be a good addition to the national paper money. National centralized crypto currency will help raise confidence in decentralized types of crypto currency, as the population will see a serious attitude of state bodies to the crypto currency and will be convinced that this is not fraud and that the state itself recognizes it. The centralized crypto currency of its state can be useful to its citizens, at least at the initial stage. And what will happen next - we'll see. It is unlikely that such a crypto currency will be of interest to citizens of other countries.

That does not sound a logical reason. The logic behind investing in a coin issued by a country for example USA is the coin will have a very low or zero default risk. As a result, people will invest in the coin because the risk will be minimum and the coins backed by government are normally of high return. Like the bonds issued by a government are preferred over those issued by a company. This is the reason.

The risk will not change if you will be investing into a coin that is presented by a country because we all know that it is still cryptocurrency and the cryptocurrency used to be a volatile cryptocurrency and because of that thing then you might still lose the same amount of money like how much you lose to other coins.

The question is– have you ever gotten anything useful from your government?If so and if you think that they are reliable then you can go for that coin, but remember that one day power will change hands, the same person on seat today wouldn’t be the same person on seat tomorrow.

And if the person you’re seeing today is a good person, the next might not be the good one. But Blockchain is open and no one controls it. So I don’t think I would go for a coin that is being issued out by the government.

I will think about it because if a government issues a coin it means that it will be centralized and they will impose tax on it. if the tax ratio is reasonable and the coin is demandable in the market and place itself in the exchange list then I will invest in it, otherwise I will not. I don’t want to pay taxes to government because of the low profit ratio.

If that country is advance country like Germany, I am believe that coin will be rising the price when launch on market. Investor must be want to keep that coin because that coin back up by government. I will invest on coin like that because its more safe and must be profitable

This can also be a good opportunity for the investor or the national community. Just as it has high potential and profitability, it will be very quick to develop. However, I think it should apply to new countries, prepare for development or nation less well known electronic money may chance to win if the investment.

IMHO, this is ultimately the only way to mass adoption of crypto currencies.  I think this will eventually happen because i doubt that governments worldwide would subscribe to a truly decentralized system.  Consequently, they'd have to get banks/financial institutions involved in one form or another and centralize the system.   That centralization is key to any government participation in crypto because it allows them to pry, collect taxes and generally know everyone's business as usual. On the question of going or not going for it, for me it depends on which state(s) introduces such coin because 'respectable government' is such a loose term IMV, also the level of privacy that the coin will avail its users. 

It would be great if a government really support a certain cryptocurrency as it means that they believe in its potential and accepts it as another currency option. It would be easier to do transactions using altcoins.

The idea is good. It is more secure for investment. Countries can issue coins and trade. Actually, it already exists. Some countries issue coins and customers even get the benefit. The thing is that the benefits are not so big compared to other cryptocurrencies. With the bitcoin for example, in 20 years, we are going to have many millionaires. We even have some millionaires this year thanks to the cryptocurrencies. Governments cannot allow that. The benefits will go straight to them. It is like the banking system. Actually, banks make a lot of money for people. The benefits go to the banks and the countries. People who invest in banks get something. The biggest part of the benefits goes back to banks and countries. In that case, I will not invest in a coin issued by a government.