Bitcoin Forum

It is said that central banks plan to release their own curypto currency in some countries,for example Japan..
 
How do you think about these crypto?

they make crypto currencies themselves because they want to have control over their currencies. this is contrary to decentralized crypto currencies. although I think they will have difficulties regarding the anonymity of their users.

Those are not real crypto-currencies. Those are just digital versions of the fiat currency, similar to Paypal or Skrill. A crypto-currency should be decentralized. It can't be issued by any central bank.

Well, Ripple is centralized and many people call it a revolutionary cryptocurrency which will be widely used in the future. I am not surprised that so many banks started working with them. In order to create a new XRP address, you have to pay 20 XRP. Your account might be frozen anytime without any warning. Some countries such as Estonia and the Switzerland might create their own decentralized cryptocurrencies since they understand what it is all about.

I do not think that it will going to work for central banks are working with a centralized currency and that would be difficult to manage both systems that are relatively opposite to each other. However, if they can push this project through with cryptocurrency then this would be a game changer in for central banks could really help individual to lend some money/crypto if possible and crypto demand will going to rise that much.

Makes sense to me, but I still think that it's an improvement over what we have now in the world and some sort of contribution to mass adoption of cryptocurrencies. People will still get to know blockchain and learn how to deal with crypto wallets. The main potential difference from fiat could be that national cryptocurrencies can have limited supply and bring the end to serious devaluation of currencies. Also, no fake money and no accidentally destroyed money (paper becomes old and unrelaible with time and it's also naturally not protected from mud, wated, fire etc.). As people learn how to use official cryptocurrencies, it will be easier for them to turn to the ones we are used to as well.

Then that will be the first crypto that people in that place will look into since it is provided by Government it will likely be safe to use.

Any cryptocurrency issued by the government that is intended to replace their fiat currency and/or somehow boost their economy through their own fiat currency is bad overall for their economy. There is literally no new money coming inside your country, no foreign investors involve in investing in your country's cryptocurrency which means you are just literally cycling your country's money without really any benefit for both parties. As a result inflation rises and the government's solution will just make them go down in a much deeper place compared to where they used to before. You can look at the present government-issued cryptos and see for yourself that it didn't help their country at all.

That is a wise decision because it will boost the trust to cryptocurrency and will also promote how it works. If that happens, that central bank who created their own cryptocurrency will surely support bitcoin and ethereum right? If that happens and if that goes well, other banks will be envied or be curious which will follow the footsteps of that central bank. The demand for bitcoin, ethereum and other altcoins will rise again which will be better than what happened last year. Once that central bank raised an ICO, that will be historical for sure!

If governments really issue their own crypto currencies, those peoole who don't believe in bitcoin will be interested to buy and trade through these currencies.
There will be no anonymity and the price will be not much volatile like bitcoin.
Also some pros and cons will differ in between centralized and decentralized currencies

I see advantaged and disadvantages of cryptocurrency and blockchain technology that will be issued and regulated by the government. One of its advantages is investors and recognition by its people and it can potentially increase the governments assets, on the other hand one of its disadvantages is that it could be used by politicians against its people or in corruption and we will never know it as there are many politicians that are very manipulative.

Some countries have existed e-money of the Central Bank for decades.

I think that the possibility of Central Banks to replace this money with a cryptocurrency, which will have even more functionality than cash, and, very importantly, will exist on the basis of a “separate operating structure”, is already being considered.

malta's prime minister https://www.youtube.com/watch?v=qJC4YjZODgI made a discussion on UN meeting last month.
sound impressive: but blockchain will be adopted from government in the next decades because of many reasons to opt in.

Yes, it can be a major solution for those who want to get full security and control from the government, I don't think it's the best of decentralized cryptocurrency, what we think is that the public interest in centralized crypto will be swollen because now? this is not a guarantee of good security, here we still have security depending on the personality of how to maintain security, I am not too fond of being centralized after feeling the benefits of decentralization.

If any government creates a centralized crypto currency then there is nothing new on this wd can just use the current digital transaction for better and faster if any country create their own decentralized cryoto currency it is also not much needed because we already have 1800+ crypto currencies.

A cryptocurrency issued by the government is a mockery by definition: the real crypto are decentralized and have no constraints or boundaries.
When it is issued by the government, it becomes a normal electronic money and no longer has anything as a crypto.

Any cryptocurrency that is government backed is devoid of control and will be therefore highly centralized. Their prices will be the determined by the governments that created in the first place and their supply controlled. For me, it's just a digitalized version of their national currencies.

I think that government issued cryptocurrencies are substitutes. Those are fake cryptocurrencies meant to confuse people and make them choose currencies that are endorsed by  the governments and completely under their control. Some people will not realize that and think they're putting their money into an alternative and independent form of money but it will all be a lie.

To this day I still don't understand how XRP managed to sneak into the cryptocurrency category. It bears no resemblance to any of the factors that I'd consider make a valid coin.

As for a government issued crypto, look to China and its drive towards cashlessness because that's what it would look like. It would award governments total control over their population in a way the current lash up of a system does not. With a few presses of buttons they could bail in, inflate, impose negative interest rates, cut you off from any spending at all, censor who you spend with, analyse every single transaction and plenty else. Without cash and with nowhere else to go other than government controlled wallets and banks you're locked into a system that there's no way out of.

A government crypto would make the current discontent with the state of things look like child's play. It would be one move deeper into an absolute nightmare.

Government issued cryptos will one way or the other be centralized, everything about it will determined by the government, the supply, the price, transactions using it will hardly be anonymous as it's obtained in the decentralized world of crypto

Cryptocurrency naturally using decentralized system and i think if central banks or government issuing their own cryptocurrency, it just a digital money with blockchain technology and not a cryptocurrency

I agree with your opinion that it is not cryptocurrency. It is a very convenient system for the government to catch transactions of funds, so it will make us be uncomfortable situation because we are always monitored by the government. But there is an inconvenient aspect for government too. Officials will not be able to receive bribes.

for countries that receive crypto, they on average want to make their own coins. but for countries that refuse, the government continues to give negative news and threatens to close bitcoin exchangers. I think that while it does not harm the state, the government has no right to close the Bitcoin exchanger, because all the risks are borne by the bitcoin users themselves. so don't worry too much about the risk of losing from bitcoin investment, but the profit that can be gained from bitcoin investment. the government should know about it so that all countries accept bitcoin and make their own coins.

That is actually the fact. So in that case, we might as well just call it a digital currency on the blockchain. One thing I am pretty certain of is that government will most definitely not want to bring about some decentralized system into the fiat space knowing the way they will be giving up control as a result of that.

Government will always still want to make economic policies, find a way to still control the way people spend and transact, but as things are, we all know this is something decentralization kicks out. The main benefit here would be for a government that is actually ready to kick against corruption using the transparency of the blockchain technology; and by ready, I totally mean every single part of it,.

blockchain is decentralize. which means everyone can make  their own crypto. which include government. whether it will be widely accepted by public its another topic.

When government want to accepted of bitcoin is become good news and issuef of making bitcoin price more higher, we have apreciate for government want to accepted bitcoin as transaction payment and could be more safety.

that means there will be government intervention that will make the financial center with the crypto system and of course there will be no decentralized systems like bitcoin or other crypto currencies, and I think that systematically the same as fiat, crypto is not real physically.

Government coin, ahh, that would be the most cheapest thing I might buy in the coming days. Lets pretend for a while that government ever issues their own coins then surely most of the people will buy it because they will have more trust over it. It will have solid proof of working and it may happen that it will be used everywhere in the public places for sure. All the government services might just be availed through it and thus its demand will always be high. This could be very very interesting coin and thus might just take down other crypto currency that we see today. But as I said this is just pretending but happening of this could be big judgement day.

This is not even going to be one way or the other; it definitely will be centralized as there is no two other ways about it. We all know the thing governments generally all over the world have against not being in control which decentralization brings and I am very sure as time goes on, even as they tend to start getting into the space, they certainly would want to keep that control aspect intact which in that case, the only thing that would ever come out of government would be centralized.

However, it will be a good thing anyway as this should bring about some level of transparency when it comes to spending generally, straight from the leaders to the last person on the chain.

That is the plan of some governments including some large international banks to issue their own virtual currency to counter the growing popularity of cryptocurrencies. Governments are use to control monetary policies and the economy so expect the virtual coin to be a centralized one so they can easily control the flow of transactions. The government might even urge its citizens to buy their centralized coins instead of the cryptocurrencies like bitcoin.

The trouble is definitely the both worlds do not collide together. If the governments or the banks of those governments try to somehow make it work for both crypto currencies and the regular fiat currencies there will definitely be a conflict of interest. First of all the crypto currencies the governments push would be highly centralized currencies, which goes against the idea of the bitcoin and followed coins to begin with. Combine that with the fact that the banks will probably own almost all of it and just let it go whenever they need money to increase funds for the government, it would be horrible boat to get in.

Yeah, thanks but no thanks.  I think most societies are moving toward being cashless, but my impression is that this is being driven by citizens and not government, i.e., people much prefer to use either debit/credit cards or their phones to pay for everyday things and at least in the US it's not being promoted by the government. 

One of the biggest advantages bitcoin has over other electronic forms of payment is that it's relatively anonymous.  Not completely anonymous, but far more so than a debit card is--and it's not issued by the government or the banks.  I've read some threads on the forum about government-sponsored crypto, and I can't say I'd be a big fan of that if it was introduced in my country.  It would be just another way for the prying eyes of gov't to see what you're buying or who you send money to.  At least with cold, hard cash there's no real way to tell where it's going to unless you track serial numbers on the paper currency.  And hell, there's no way at all to track coinage that I know of.

We'll see what happens with China.  I'm glad the experiment is being done over there and not in Europe or N. America.  I don't think it's a good idea from a privacy standpoint and I'm hoping it never catches on.

This is what I think as well. They may regulate the usage of cryptocurrencies by just letting the people exchange the government-issued cryptocurrency into fiat and if people wanted to buy bitcoin then they should buy first their cryptocurrency before they can exchange it to bitcoin. In that way, they can still monitor the transactions and know the people who are buying and selling those coins because they would have to enforced KYC as well.

Of course it will be very good, and certainly will be accepted by the community, because the issuing is the government. And of course, if this Bitcoin can be accepted by a government, then bitcoin will be very developed in the country. Therefore, one of the most important factors in the development of Bitcoin is the government's participation in it. The government created Cryptocurrency, it must be crowded.

I think there are two possibilities, the first is that the government has begun to develop blockchain technology for the financial system and the second is that the government is trying to divert people's attention to move to crypto which they can manage.

A digital version of a country's fiat makes sense, and could be the first step to cryptocurrency adoption, don't you think? If they could digitized their fiat, it's only a matter of time until they start using bitcoins as well, or creating their own crypto for real.

I think that would be a great thing. Because they will be the ones who make the Crypto market better than ever. Our Crypto market should be protected and fair. If the government joins the Crypto market, the market will become better and investors will not worry about being cheated.

  If the banks release their own crypto I think they are aiming to keep control of the economy and we will not like it. If their currency is used by many people, the economy will return as before, no longer free trade as before.

That's what blows my mind. I can't believe people aren't thinking this through. Paranoia aside, basing an entire country's spending on the dependability of a couple of card companies and a handful of banks is fooking barking.

In the UK there've been multiple moments of chaos when banking has crapped out.

At least Western cashlessness is a bit more segregated than the Chinese version. There most people spend through their Wechat account which basically offers up every detail, thought and preference of your entire life. The ideal place to turn off the taps.

no problem. they want to create coin for their country. it can make easy when you make transaction, faster than bank itself. but the profit still for government.
government try to implement crypto to all people, so they can feel how to work with crypto, before they use bitcoin, as global coin

It's like saying that Central banks plan to create their own Cloud or Sunshine.
If they Google the features of True Cryptocurency they will understand why it's a dumb idea to have so called Central bank Cryptocurency. They probably should stick with the their fiat currencies. They are still as good as centralized Cryptocurency

I think a government issued cryptocurrency wouldn't change much, as people would still have a currency associated with their respective country, and citizens would still be reliant on a centralized structure to exchange value.

If crypto issued by government or central banks, regulation about cryptocurrency must be already signed. It will be good for cryptocurrency market and makes bitcoin price will increase and become digital store of value like gold

Cryptocurrency is still at the early stages and as such governments is going to takes it time before adopting it.  Just like in days of internet when both bank and governments were against the used of internet and some of them said it is too risky but now we can see how the whole world  is now a global village because of internet.  So it will be with bitcoin and others cryptocurrencies,  our governments are going to adopt it in years to come.

Cryptocurrency issued by governments are centralised coins they are just replacement of fiat currency

You are right even if anyone will make their own currency so it is not be acceptable by people who are using it, we need to trust and use the available coins, because it has high scope than before. I personally think that we should invest our money to bitcoin which is trending coin now a day and the future of bitcoin is bright so all of us should invest in it to save our money.

A cryptocurrecy issued by a government is stupid by definition: the crypto are decentralized, if they are controlled by a government, then they are usual fiat money in electronic format.
We hope people understand it ...

A real dumb idea and practically they have no single clue. Government issued digital currency will simply just be like the regular fiat that has been on ground right from the onset, and the only thing that would make it different is that there is nothing like having to print money or something and everything is done on the blockchain but in the end, nothing changes the fact that it would remain centralized and as long as it is centralized, it should not even be considered as a cryptocurrency at all.

We keep complaining everyday about how XRP is so centralized, or how USDT is going to implode one day for going shady deals, how are we so sure anything that comes from some particular government will not tend towards the same zone.

The only difference between the cryptocurrency being  issued by private company or a country is that the country can't technically go bankrupt and the coin can't become a scam. But if we think about value, then it depends how the certain coin will be backed.

It doesn't seem stupid if any government around the world issued cryptocurrency to her citizens. One thing is sure in this case, that, the said cryptocurrency issued by the government will neither be a decentralized cryptocurrency rather a centralized platform for transacting digital currency.
  On a clear note, the country can experience bankrupt even though it's tagged to cryptocurrency. The best about this cryptocurrency is that, it can never be a scam unlike what we are experiencing on coins without value.

Yes, it doesn't happen that the government creates a cryptocurrency aside from paper money. It is probably useless because each country having a local currency value that not rely on bitcoin price, so if they have digital currency I think it becomes a shitcoins just like other altcoins in market cap. Yes, it might be that coins have no value at all.

Maybe good or not IMo cause it will be the same as the exchange rate of the world bank,fiat traders are centered on the government and maybe if launching the same crypto with fiat might be monitoring prices but well if the interested investors can get the exchange rate will improve.Must rethink and return to the government own.

In the near future, many states or central banks of these states will issue their own cryptocurrency. This has already been announced by many of them. I believe that this will only help people, and decentralized cryptocurrency, and the state. We need to wait for the appearance of such coins and see how they will work. It is clear that this cryptocurrency will be fully controlled by the government of these states, however, we now need the experience of walking such cryptocurrencies. It seems that they will simply complement the possibilities of national money and will walk predominantly on the territory of these states.

I don’t know about the other coins but for me bitcoin is the best coin, I think all of us should invest at the moment, now all over the world almost all companies are issuing the bitcoin to their employs, it is good progress to our income with our investment, scamming happens because of our carelessness if we will not show carelessness so we will only earn no one can scam our bitcoin.

I believe that it allows you to erase the boundaries between those who want to use the cryptocurrency, but is afraid, and those who already use it

Exactly, nothing will ever change that and absolutely no country will ever come up with a cryptocurrency that is decentralized and they have no control over.

We should not even be debating this, looking at the attitude government has put up on the idea of decentralization over the years and apparently, the only thing we are going to be seeing is just another fiat on the blockchain that is purely centralized, the same economic policies generally that has been ongoing still applies to it and the only difference is going digital. Sure, we may see some transparency when it comes to spending by the government.

it is very true what you convey the possibility of the government developing a currency system such as the performance of crypto currencies along with the development of technology and the progress of the times of course

I am OK with government issued cryptocurrency if those governments respect the decentralization, limited supply and security of their blockchain.
Furthermore, it is also important how the governments do the coins allocation. Majority of the supply must be distributed to the public by using a fair method.

Venezuela have already issued its own cryptocurrency to help its ailing economy and tame down its hyper inflation. Many central banks from several countries are also planning to issue their own cryptocurrency or token to counter the growing popularity of bitcoin. But governments might have no plans to create a decentralized virtual currencies because they can't effectively control it.
 

Governments and their central banks are entitled to issue and will issue their own centralized cryptocurrency. It will be something like a new form of non-cash money. Let them experiment. While we can not say exactly what will come of it. Here, non-cash national money will get some more advantages of cryptocurrency.
I do not think that the decentralized cryptocurrency will be somehow worse from this. On the contrary, in my opinion, the general interest in cryptocurrency will grow.

This is not a very difficult task to launch your own coin and in fact takes some dollars and a portion of your time to do so but to launch a perfect coin, with a perfect project, that can attract investors and that can make lives easier by allowing very cheap transactions is very difficult.

It also requires a team of highly efficient IT professionals. But of course the technology would not be used by the citizen of another country and might be affected by the political relations between different countries therefore i think that launching a coin like Bitcoin in the market in next to impossible.

This may be a trend. In the future, more countries will issue their own cryptocurrencies. Perhaps this requires a better technology to achieve, and they may all speed up research and development.

This is bogus crypto currency, there is no difference between emitted fiat by goverment and goverment controlled crypto curencies.  If they are centralised they are centralised.

Cryptocurrency issued by any government is no longer Crypto - it is just currency that uses blockchain technology. I put it this way because the government will not issue anything without its own interest, thus if they issue Cryptocurrency it is bound to lose its essential properties - decentralization and anonymity.

The only thing is that it will not be beneficial for the government, as blockchain is transparent and almost impossible to control, that`s supposed to bring end to frauds and corruption. I wouldn`t count on government Crypto in this case.

can be seen at this time, there are some countries that have released their own coins, but i think that there are still few people, maybe only certain people. we can see in cryptocurrency ranking, where they don't succeed

I think they just created their cryptocurrency for backup another cryptocurrencies else to exchange this to fiat. USDT is example for this, maybe that japan's crypto have same function.
The country need stable currency as well, so the goverment should know how to make it stable.

I think Japan created and issued their own crypto currency because they were knew that crypto will be uprising for the next century. They were just preparing their country for the outcome of the said currency.

A cryptocurrency issued by a government, with a central bank, is stupid by definition.
Bitcoin is born decentralized precisely to remove power from states and banks; in the moment a crypto is emitted by the state, it is just usual fiat money in electronic format.

If it's issues by a government I would doubt it's very decentralized and so I wouldn't think it's true to the vision of what a cryptocurrency should be. Though Japan have been very forward thinking and I wouldn't be surprised if they had a currency that was somehow tied to their own currency but without such a level on control.

The thread will be even better if it has a reference link related to the discussion, not because lazy but it will be easier to point in the thread.
There’s actually no threat to cryptocurrency even the state issues a 'digital money', that’s a digital form of the currency of the country using. Because if you make a new currency, the agenda they’re working on won’t be realized but instead add new problems in their socio-e (http://rumahmu.com)conomy.

It will increase the usage of bitcoin in the supporting government of Japan.Most all the cryptocurrency are dependent on bitcoin.If any improvement occur in the price of altcoin.In turn the price of bitcoin will be increased.So just hold your bitcoin till it reaches the moon.

The decentralization is gone as soon an authority is controlling the money. Without decentralization, there isn't any fun to use cryptos, or we could call it "high tech money". Only the technology behind would be used and still no full control over your money. In such a case, better to turn for a cashless lifestyle with the scriptural money (https://en.wikipedia.org/wiki/Demand_deposit)

the government is always opposed to crypto, but I am sure that someday crypto will become the big spell that is accepted in all countries, crypto users will continue to grow

I think these kinds of crypto currency, the ones that are made by the government, will be alot more stable than the ones we have now because for one thing, this crypto currency will definitely be backed by the country's GDP and maybe precious metals and gems. This in turn will have a more stable price plus the blockchain it will create.

It is actually a matter of concern for the government only if the policies formulated by the government are not in accordance with the cryptocurrency. In my country and in majority of the developing countries, it is of course a matter of concern for the government because it disturbs the policies that have been built around the fiat system which helps control the unemployment and inflation which are the core problems for any nation. So this new system is not liked due to these reasons.

participating in the government of course will make the price of the cryptocurrency more stable, because controlling the price recession is the government which is also successful in maintaining the price of the FIAT currency of each country
so I also really hope all countries start adopting cryptocurrency through government agencies

I do not find these any further improvement over regular fiat. Regular fiats are not too much "banknotes" anymore anyway, we are here talking about how much money we have and we spend it and so forth all via our debit cards and credit cards and all of our money is tied to a bank account that shows numbers and when we pay it to someone else it changes hands and my numbers go down and wherever I gave my money gets their numbers higher thanks to it.

All of money changing hand is digitized right now and there are really only a few places we use cash anymore and spending cash got littler and littler with time. So I do not think having a crypto currency issued by a government would really make a huge difference anyway considering we already have a digital currency by the government anyway.

It seems to me that the states will necessarily ensure these coins with something and that this will turn out to be a regular steblcoin!

I think this is hard because they can not do anything in this market. You know, there are a lot of manipulative organizations working anonymously so nobody knows what they are planning to do. The government involved in this market will also be dominated by the rich.

I don’t really know how it’s going to be for other countries, but judging from my own country government, if that should happen then we are finished. Doing such means creating a way for them to even make away with people’s money without being traced. I do know that Bitcoin can be traced, but not in a place like my country, they will always make away with their evil acts. So I’m not support in government taking over.

Apparently, why won't it be stable? Have you forgotten that anything that will have to come from the government will be centralized and therefore controlled? It won't be any different from the fiat we have been used to over the years as far as I am concerned. I would not even consider anything that comes from the government as cryptocurrency as it would most definitely not have the decentralized features. The only difference I will only see here is the fact that it at least bring about some transparency when it comes to the system of governance spending somehow.

I believe most people here will not support a government based crypto. Because it will kill all the freedom for which we do have these decentralized coins. Bitcoin is having many amazing features only just due to the concept of decentralization. If those things will not available with a coin, why we should adopt them ?

That is the thing! The main reason why a lot of us are here today is because of the great potential and freedom we see with decentralization without having to involve a third party in our transactions, that is something that we will most definitely not get to see with anything that comes from the government.

We all know the response of the government to things that have to do with decentralization and not having control, so apparently, we cannot expect government to come up with something they cannot control and at the end, I will only see it as a new fiat in the digital form just like we have tether and the likes now.

This is not bad if a country launches her own cryptocurrency because it will upgrade the economy to the digital system but again the cryptocurrency launched by the government will b controlled by the government and they will be able to impose the same taxes and charges that you may not need to pay in case of using a decentralized cryptocurrency.

Another disadvantage is that that the crypto launched by the government will only be used by the citizen and might not attract foreigners to invest so it will be merely a currency within the geographical boundaries.

It has its uses. I mean I do not think it could be a total "crypto currency" in the sense we know how it could be. It will be more like government tracking everyone's economics and money and doing whatever they want anyway while still controlling the public in a "big brother" sense however doing all kinds of non crypto currency stuff themselves with dollars and what not so it won't be really that much amazing but it would certainly be amazing to have it as an "option" so people can get more knowledgeable about the crypto world.

It is not common for countries to have their own crypto currency so it won't be easy but when it starts to get more common it would definitely help us out a lot for people who uses bitcoin and so forth because it would create an awareness about them as well. Say uk started a new coin called e-sterlin, that would only create more interest towards bitcoin in the end as long as it is not the only currency and still allowed to use fiat otherwise it could be dangerous.

   They can always do that but i don't think they are on that trend of thinking, The issue of the government are the issue on Regulation control on crypto currency digital transaction in the market, if the people had a total acceptance on Crypto Currency Digital Transaction globally, the government should address these issue before the Crypto market will go into the mainstream market with out regulation.

It will be good than investing in bitcoin and Altcoin for governments, because investing now means money laundering. You will have to put your money in exchange and they will provide you cryptos. It is not overall good for the economy of a country. If the local banks have no or very small reserves, it will definitely affect the economy of a country. Government owns crypto will save them.

I think about government having their own Cryptocurrency is just like the same with other currency that are being launched because the only difference of having their own currency it would be more popular in their country unlike the currency that are made for everyone.

Government-issued cryptocurrency is clearly very controlled to increase the country's revenue and minimize adverse impacts such as money laundering, terrorists and other criminals, and monitoring bitcoin owners so that anonymous factors will disappear.

The idea of some governments issuing their own cryptocurrency is a good thing, but the intention behind this launching is what I perceive to be a bad one. They want to get involved and at the same time want to have control over everything. Whatever the outcome of their launching is, I believe people in this space are knowledgeable enough and can differentiate a centralised coin from a decentralized and from there, individuals can make the decision to follow the governmental route or the no man's land route.

Hahahahah
crypto currency issued by the government?
It will be the most scamy thing I ever seen - they will mine crypto with their own - u will work for that crypto :)) the most scam thing ever

If the amount is limited then it is okay, it is meant  that the country don't just print it like fiat. The price of that cryptocurrency must be paired with gold only, if it's price is always the same with fiat then that cryptocurrency price will tend to down.

If governments and banks release Altcoin, it will make Cryptocurrency more developed and widely known. But I believe Altcoin is going to be like usdt always have a level of stability and less volatility. So it's not like an Altcoin should invest.

- Stability and less volatility are certain when the government is always very afraid of someone to manipulate the market because that can make the society unstable when a large amount of money goes to some people's wallets while many people go bankrupt and run into financial risks. So the government needs to manage it closely to create a balance, but perhaps because of this, the crypto issued by the government will not be welcome when it does not create more profitable and attractive to investors, people still like freedom and make money in the market like now

That is not a decentralized Cryptocurrency, that is probably a digital currency because the real Cryptocurrency is decentralized and not controlled by any financial services authority. Digital currency that created by Japan probably will be becoming the opposite of crypto as all will definitely controlled by the government. Honestly, I wish to see it if it is a serious plan or just an issue. 

By and large, government cryptocurrencies are nothing more than fiat currencies in digital form. This is not about decentralization. These are the usual currencies in another form. Therefore, I would not dare to talk about government cryptocurrencies in the context of the cryptocurrency market.

In my opinion cryptocurrency should never be centralised.

I don't think if it is something negative, with the government planning to make and release crypto itself, then it is a very good step for the future of crypto, meaning we don't need to worry about the full future of crypto with question marks.

Government own cryptocurrency is a smart move by government to be on the safe side, regarding the declining value of fiats. It also implies that digital currency is the new solution to economy meltdown.

Any cryptocurrency released by any government will be quite stable. My reason is because such a currency will find direct use in its country of origin, and most importantly, the government will do everything to ensure it succeeds.

Obviously, we won't have the chance to enjoy the benefits and also all our assets could be in danger. They can probably make some manipulation which could end our assets to zero.

i am agree with your statement. If crypto issued by central banks or government, i am believe its not different with fiat money but in digital form. They still control the supply and the price to maintain their money supply in market

Yeah I also think the same. Atleast people of that country will surely invest in government’s crypto. It will be more reliable and authentic. People will have no fear of losing their money because of scams. They will be mentally relaxed and satisfied if they have their own cryptocurrency which is also usable throughout the country. Money will also remain in the country.

If ever the governments will issued a cryptocurrency of their own I think it will be hit for a reason that many people are still a believer of their own government however I don't see it as a totally positive thing because I think the government only wanted to control the cryptocurrency such as maybe put a tax into it. Well we can't really say something.

I agree. They tend to create their own because of the wants of them. Wanting to be number one and on top. Maybe it is a goox indication that they are loving the use of cryptocurrency but not really a good idea in creating their own. There will a adjustments thay may happen.

It is a very bad money. It will be like the ETF fund and there is no growth for us. because the government is not a business enterprise. So this is a meaningless money for me.

I think cryptocurrency will never be grow higher because they will control it and also they will put on tax to it. Also if cryptocurrency issued by government surely most of crypto are bought by them. And I think its not good idea its better if cryptocurrency is decentralized even its goes up and down its value but atleast you can encounter a higher value possible that you can get.

I think that is possible and that is the thinking of the people towards the government because they have seen that it always have an exchange for the improvement and aside from that it alwats depends of what they aim for. It should always have a win-win situation to happen.

For me, the government has the reason why they want to have their own cyrpto so that people who are interested in digital currency would invest on it, no hesitation and more secure.

the government might know the advantages of the existence of bitcoin and bitcoin technology called blockchain because we know in the world of governance there are many cases of corruption and money laundering whereas when you use cryptocurrency it will be very difficult to do money laundering and corruption so that the government does not want to approve and use cryptocurrency.

The growth can always be questionable as we knew how government works, they always wants to make sure that they've got a fully control over this matters, crypto that will be issued by the government will be use same a like with a current fiat that they've have the essence of being crypto or being
decentralized will be surely forgotten by this government that will create their own coin.

Honestly, I have not heard any facts that a bank will issue its own token, and this is all just at the level of conversations and rumors. I believe that at the moment it makes no sense for them to do this, because in this way they will be competing with fiat money.

It is a good sign, if governments want to do something about cryptocurrencies, and it is not about bann, destroy, … it. Looking forward to see national cryptocurrencies, even if I am not sure if they are realy needed.

I agree.I don't think that they will create their own cryptocurrency just to have another payment option.The people might be confused already promoting two currencies at the same time.But if blockchain technology will attract a mass adoption,then they will be force to create their own which is still controlled by the government.

The government or the central bank will not be able to officially issued other currencies other than fiat. especially cryptocurrency is decentralized. certainly outside the government system. other than that the rules in the government are also not allowed to make 2 currencies in 1 country

the price is stable, because it gets support from FIAT currencies, banks and the government, it is likely to be used as a daily transaction tool for Japanese citizens. And it looks like they will make the hybrid cryptocurrency between centralized and decentralized, we can track all existing transactions on the blockchain, but the government participates in controlling prices to remain stable and allows it to be used as a daily transaction by coffee and fruit juice stores

I guess thwy would be stable in a snap of a finger if the crypto currency made by central banks woupd be backed up by the bank's assets. I mean if it does happen thenaybe we will see a crypto currency that woyld be adopted in record time. I don't care who it will come from, be it satoshi or a central bank, so long as it happens.

This is a very good event, from a certain perspective, the government's emphasis on cryptocurrency. The cryptocurrency is very likely to win. This is the help of cryptocurrencies, and more stable coins have emerged to bridge the gap between traditional and cryptocurrencies.

if indeed that happens maybe the government will make the economy system that will be more advanced and developed of course, one day all will use a system that develops in line with the times and technology

surely the crypto currency issued by the government certainly has a negative and positive side, maybe the positive security issues and legality are guaranteed to be possible, which makes investors afraid of tax problems, it seems that if it is not detrimental I think it will be fine

I think it's their right to issue cryptocurrencies and try to be competitive at the crypto market. Yes, it's usualy a try to impose the government coin to the people of their country but still it's their right.
Having in mind such attempts so far I would say that governments haven't been very successful with cryptocurrencies but who knows something might change in the future. And some governments have really good intentions to support and endorse cryptocurrencies, like Japan, which is example that all should follow.

I think that cryptocurrencies issued by the government will be normal thing in future. With that Bitcoin could have more value than it have right now. I hope that Bitcoin will be something like digital gold standard.

If we realize, a few crypto not decentralized. I think if central banks create their own cryptocurrency it will be good because its like digital fiat money and beside that, i think its secure and better than paper money we use right now. Soon or later, government and central banks will be jump in this cryptocurrency and i think its good

Japan is a very disciplined country so I don't see any harm if they have decided to release their own national currency. I'm sure that it is going to be a stable cryptocurrency that is going to be used by average consumers for their daily transactions.

since japan is a well reputed country in all terms I guess it is a break for cryptocurrency to introduce itself in many countries. It will be good since Japan always have a plan whatever they lauch so it will be a good one if they will regulate the market of cryptocurrency.

Cryptocurrency is decentralized digital currencies and if issued by the government. It means that the government will control it. The crypto coin is not controlled by anybody either individual or government. So Government crypto coin will not be a real crypto coin in the real sense

I think the government-issued Cryptocurrency is probably Crypto focused. They created it for the purpose of replacing the fiat currency. It will not be considered cryptocurrency properly. I personally think this is not a good idea.

Well that will be good for you since creating a crypto means an opportunity to earn more from the investors. The investors that we are talking here is not only in your place because crypto is global. But, it will depend also on the restrictions of some other countries who were implementing this especially in the US. of America.

It is going to be a good currency that are supported by their government but what I think is the value of it will be controll by their government that will show to some investors that it is just like their local currency that are controlled by their government.

The government will definitely release its own cryptocurrency in the future!
The cryptocurrency is the future currency, and the government must conform to the development of the times!
The future of cryptocurrency will definitely replace the current banknote system!

when government want to give space and more transaction for bitcoin will be good and positive side for bitcoin and crypto currency become more popular, government have stronger power for giving more advertise of their people to know about how bitcoin become best asset investment.

if indeed the government released the crypto currency there will definitely be a negative and positive side that we will accept the positive side of security and legality certainly guaranteed by the government and the negative of course many investors say there must be taxes that will be issued

if Japan manages to create its own crypto currency, i think it is very good, so that the Japanese government can be an example for other countries, so that the government also supports cryptocurrency. because there are also many benefits that crypto currencies give to the lives of the digital era like now, so I very agree and are proud if the government in my country also creates its own crypto currency.

I heard that Japan will release its cryptocurrency soon, and that's good news for sure. But in general, I don't trust the crypto currencies issued by governments, I prefer to deal with the anonymous and decentralized crypto which have the highest potential, like Bitcoin and Ethereum.

In my opinion, if there are the crypto laoiz that is released by the government then there will not be many users even when it's good. Because then investors must provide government information so it will lose the user's anonymity

Whats the use of digital currency if that is to be controlled by the Government ? We are using bitcoin because it is decentralized.

What do we think so far? Let the governments and their central banks issue their centralized cryptocurrencies, and we will see how they will work and whether they will be in demand by the population.
I think that there will be no worse from this decentralized cryptocurrency. It will be like a virtual addition to national money and such centralized cryptocurrencies will go mostly within this state.

I do not think this will be a successful project for any government due to reasons like it will not be decentralized and will be prone to imposing policies and regulations by the government that give rise uncertainties and uncertainty is something that reduce the interest of the investors to invest. So I think this project might possibly not work if we do not get investors. Also if the demand for the project is down, nothing is going to generate the money.

For many countries, cryptocurrency emission is the way to create a whole ecosystem and attract quality investments to the country. An example is Estonia, which announced the launch of estcoin. The currency will appear as part of the state ICO. The proceeds will be transferred to a public-private partnership that will promote the “digital nation”. Foreign investors will be able to receive a digital ID, which will enable them to register a company in a EU country under a simplified scheme, and using estkoyinami will be able to pay for public and private services in Estonia

if government issued their own cryptocurrency , maybe investor more trust in this project.and will collecy huge money.maybe this is could be good solution to get money than issue bond.

Of course if the government makes its own crypto currency it will change the decentralized digital currency system. That is because if the government issues crypto currencies they will certainly manage their own crypto so that there is a role of third parties. But I'm sure this will happen, the government will be interested and make this technology for their payment systems in the future. It is impossible for them to adopt crypto that already exists for use in their country because this will certainly be very risky for their economy and security.

Those coins are completely irrelevant to me, those coins are not even cryptocurrencies on my eyes and I do not care what kind of promises the governments make I will never put a single dollar in one of those coins because I know that eventually they're going to change the rules saying that it's for the better when we know that they are only trying to benefit themselves.

I don't think so. We are currently using central paper money created by the government and even evaluate bitcoin with it so we have to use it as a payment method. Think of the digital money to be created as paper money. If it will be the payment method there is no way out and they are not going to take care what you think.

i think the main reason for prohibitions is very simple. Transfers in a currency different from the national one, lead to poor economic performance, including GDP (one of the main indicators). This way, it is easier to launder money or transfer funds outside the country. Neither banks nor payment processors will get their interest.

I think it will good but i think its just like fiat money with blockchain system. Government still control the supply. The different think between fiat and bitcoin is on the control. In bitcoin, no one can control the supply and no one can change transaction data.
If government decide to issue their own cryptocurrency, its a progress but i am believe its different with bitcoin

for now I cannot give an opinion about it because in my country the crypto currency has not been fully inaugurated and recognized by the government as the applicable currency

The government’s issuance of cryptocurrencies is very good, which means that the country is fully accepting cryptocurrencies, which is a historic moment. But please note that the most important thing here is which government issued the coin. I like it very much in Japan. However, I will not buy coins issued by Venezuela, which is related to economic strength.

This is a good way to take a promising place in crypto. In fact, the transition from the usual virtual (non-cash) currency to the cryptocurrency is quite expected and is the next step in the development of the economy in IT and, in principle, we expect from a technologically advanced state.

I disagree with this view, if the governments want to print their own cryptocurrencies then that is the right and we cannot stop them but I do not see that as a good development because that means they are going to try to promote the usage of their coins over decentralized cryptocurrencies and many people are going to be dumb enough to believe them and use their coins.

I agree, It will be clear for us that the government will surely develop their own coin and crypto currency. they will use their power and implement some regulations and rules that promotes their own crypto currency, and as we know it the crypto currency that are visible now in the market will not be used anymore, it is better if the government will accept also the crypto currrency we have now.

If the government issues its own cryptocurrency, I am sure that cryptocurrency has been modified with government interests, among others, to obtain tax revenues and to be monitored. But with the guarantee of the central bank, it creates high trust for its users, because it is issued by the government.

Any cryptocurrency that will be issued by the government will surely centralized and bring more benefits to the government. A national currency like the dollar or yen can be developed into cryptocurrency by its government, same like ripple, to match the growing popularity of bitcoin and other well known blockchain-based virtual currencies. Government-issued virtual currency can manipulated by the central bank to stabilized its prices like the ordinary fiat.

Governments making their own currency is so good but I think most of the participants of it is their locals and I think if they don't have a good plan of project it will surely have a chance to get more investors outside. But still a good idea to have just make them sure that it will be useful in the other country to make it more successful.

There are totally two school of thoughts till now that I have read about. One is, government would never do that because if it would, those with big population took over maximum crowd and they would be like whales. And in contrary, low populated countries would suffer badly. Second, how 206 or even more countries have different curio and how they would integrate it.

Yes that's true, they have all the control of their issued coins and anytime they can add more coins into the circulating supply. This might be a digital fiat in my opinion.

A centralized coins misses the point why Crypto os made in the first place. It should he take note that Crypto enables us to be free from any control even the government. This gives us the security we need and the transparency we could never had in a centralized coins. This is why, we should be aware that coins who has the legit feature of Crypto will be tge one who will succeed. To have complete freedom from any third party, user must avoid closed source wallet or exchange wallet. The private key and public code should be available to the user, Hodler wallet is a good example how decentralized system is used.

If there are central banks from several countries that will release crypto themselves, I am very confident that the crypto they release will quickly grow and the possibility will also have a price that continues to increase, the reason is because of the high enthusiasm from the community and moreover the crypto is directly managed by the central bank, because we know most central banks from several countries are against crypto.

Any cryptocurrency that is issued by any government will be a very stable coin just like the national currencies. Such cryptocurrencies will be very ideal for investments.

I think that the release of their centralized cryptocurrencies by the governments of different countries will only benefit the entire decentralized cryptocurrency. This will draw attention to the cryptocurrency in general. There will be more confidence of citizens in cryptocurrency if the state itself creates its own cryptocurrency.

Well If one country released their own cryptocurrency then I think it is fully accepted in that country. We all know that cryptocurrency is not yet legal in many countries and I do not know of it is fully accepted in selected countries who accepted it. If one country released their own crypto currency then I think crypto will be accepted or be legal in many countries to used it.

Its to trust cryptocurrency that are release by government. Becaise we all know that many government are corrupt. If they release a cryptos it means that they have the full control of it. And that not a good thing foe me.

i think its a good think and that means goverments are supporting transactions using cryptocurrency. in my opinion it will make it even hard to corrupt if all transaction are using cryptocurrency that are using blockchain technology. I think its the reasons why transactions using cryptocurrency sre better than using fiat currency, it will improve transparancy, safety and all data will be recorded permanently so it will reduce corruption.

Well if they are working on bitcoin and want to make their own currency then it is quite good news for the world of crypto. Although this might affect the name of bitcoin but it’s okay. When crypto would become stronger, bitcoin would be too. so, don’t just worry rather start buying bitcoin. Japan is working classic and I am damn sure they will come out with something big.

No one will want to invest in those currencies, those that support the government can just invest in fiat, and those people that are suspicious about the intentions of a government printing their own cryptocurrency will invest in decentralized cryptocurrencies or they can choose to invest in precious metals, so no one is going to invest in such currencies because no one will believe in them.

if cryptocurrent still be cryptocurrent i think its no problem. but if they release it to control all crypto in Japan, its sad. but we still need control. we can control ourself, so we need an institution. and i thing exchanger have high part for this story

I don't think they will provide their own cryptocurrency because if they do that, the effect will be only the same as fiat since it is controlled by government. Unlike decentralised currency where the chances to gain profits are very possible to achieved and reachable.

crypto currency issued by the government I think the future development will be the same as the fiat currency and does not function in the same way as the crypto currency

maybe with the strengths and weaknesses that you mentioned in your opinion I think that can make the future of the currency that will develop will be better and grow with fewer weaknesses that we will accept

I think from the onset of why Governments are creating cryptocurrency is first and foremost about control? Right now they see decentralized cryptos as something that will greatly disadvantage govs in terms of control. so to create a centralized crypto is certainly a good idea. Of course, there is always a possibility that politicians may attempt to manipulate and corruptions will become a problem. Afterall, in Fiat, we see corruptions all the time... the big and small and the hidden ones. All these are possible with all the centralized control present. it is a system they are used to. and almost-perfect system which each govs can benefit from.

Even then with govs coming up with their cryptos, i believe it will make decentralized cryptos even more desirable as the contrast will be greatly distinguished by market players, consumers, you and I. The public can actually compare a decentralized crypto to a centralized crypto 😎, instead of crypto to fiat where only uncertainty prevails 🤷🏽‍♂️.

So, let the govs create more centralized cryptos.😆😆😆

I think this is a great idea for such countries in which central banks will issue their own cryptocurrency because with these cryptocurrencies it will be possible to pay for anything with these tokens throughout the country and many people will come to the cryptocurrency sphere after such opportunities.

I don’t think the government will do such a thing, maybe they will produce cryptocurrency dollars, but we are not sure of that yet. Not everyone is ready to be making use of cryptocurrency as a way of making transactions. I have heard a lot of people talk about Sweden, but I’m yet to understand what they mean, is it that Sweden is making use Bitcoin or they are just going tech?

There should be consistent growth in such type of crypto because:

1) Since it is backed by government, people will also invest fearlessly.

2) Government might give initiatives to promote the use of crypto.

3) Finally, government has the budget and resources to advertise crypto which can lead to mass adoption.

will never be successful and really run with the government bank but if. they may use the blockchain system, we have heard that the Venezeula government issued crypto currencies to suppress inflation in their currencies, but what happened all did not workeven the country should experience a very serious deficit.

I disagree, they are going to do it, you may not see the reason of why they will do it because you are only seeing this from your point of view, but from the point of view of governments they want to confuse the issue, they want confuse people, they do not want the average person to adopt cryptocurrencies because they know that they will be unable to control them so they are going to create their own crypto and are going to promote it and say that it's better than what has been created so far and people are so dumb that they could believe them.

Cryptocurrency are mainly decentralised in nature. If any government issued it then it lost its decentralised nature. The cryptocurrency become under control of government term and conditions and turns into a. Centralize currency. If that happens it have both positive and negative effects. Positive effects like its volatile will be decrease and it become more stable and investor suffer less investmental crisis. But the negative effect is their is no freedom to user in their cryptocurrency job.

There is a lot of advantages using the local cryptocurrencies at each country which will be definetely implemented at bank systems if it's already a local currency, people would have options to withdraw with cash, keep on card or send it to your wallet. I dont think there would be any issues with transactions if it's blockchain an open type, so goverment can see all of the transactions at system and definitely there would identification for each user that are using it  

Crypto released by the government is the instrument of control. I do not like that idea.

It seems like that because with the government releasing the digital currency, there must be someone who regulates the coin, so if it is true it will be very good news and can also make other digital currencies experience good travel and development.

I dont see any bad idea in government issuing their own cryptocurrency because it shows that they are literally appreciation bitcoin and the blockchain at large. Although, their cryptocurrency might be centralized but at least issuing their own crypto will boost the world understabd about crypto and government wont place ban on bitcoin and other crypto.

Well this is possible, cause they have realized already that they can't beat down this community and through this they can create a big competition within the two which we can say is a total mess since what the thing that they're trying to create is definitely a big contradiction through their system and will cause several malfunction and inappropriate things ro come.

I dont think that it will be a nice idea. Governments are against cryptocurrency and maybe this is one of their idea to pull crypto down which is impossible. Government will always find a way to ruin crypto. It wont be successful.

And yet we know it is going to happen, because more than anything governments want control, they want to control the economy, they want to control their population and they want to control the money that population uses, so regardless of whether or not you like the idea they are going to do it and when that happens you must avoid that cryptocurrency.

Well I guess they should provide a crypto that would extremely be reliable, they are likely to establish a coin that is CENTRALIZED and because of this people would rather use other coins rather than choose a centralized coin that would pronably rot if it isn't handled with proper care, I think that a government that should do this are governments that are highly knowledged and are probably good with handling their coin, a country wherein the government is knowledged enough about crypto and how it works in order for people to probably pick that certain type of coin even if its CENTRALIZED.

The government may be preparing, but it will not necessarily issue its own cryptocurrency. If the government issues its own cryptocurrency, the price of bitcoin will rise again. This is the recognition of the cryptocurrency market, the future financial industry and the blockchain.

To be honest, it doesn't make any sense as it kills the core essence of cryptocurrencies which is decentralization. It's similar to put someone in the large prison and calling it freedom while holding the keys of that prison. When any government is launching any cryptocurrency, it must pass the control of it to the users instead of holding and controlling it. I would say that government-controlled cryptocurrencies are as good as fiat currencies and nothing more than that system.

These cryptos are nothing but fiat converted into cryptocurrencies. In other words, these government-issued coins are still owned and managed by the government. It cannot claim freedom and independence. Cryptocurrencies are a way for people to have a mode of payment that is completely free and owned by the people themselves, independent of any government or bank.

Most crypto are decentralized, so if you heard there is a crypto made by the government this is obviously and clear that this is not decentralize instead centralized, it is because of the regulated system it has comes from the government itself. And frankly to say I also cannot consider it as crypto too because it is regulated business system. But this is just my opinion base on my understanding about it.

If the government issue their own official cryptocurrency then it is more likely to be centralized digital currency based on the blockchain, unlike decentralized cryptocurrencies.
Almost every country is in favor to adopt blockchain technology in their current financial and banking system but many of them are against the expansion of cryptocurrencies.

There is no difference witht this crypto tp other because its nature is decentralized. I bet that would be a good idea to create a crypto for each government who wish to have a cryprocurrency dedicated for the government. Yet, a lot of talks about it because there will have a conflict especially to US dollars where one country could bypass and buy more dollars using the crypto in exchange and for this USA does not want to happen. When their dollar suplly will be lessen and transfer to other country there will be possibility that US government will collapse.

It wouldn't be a true cryptocurrency if it was backed by a government because they would have the power to set inflation and seize coins if they wanted.  Maybe it could work if it was truly decentralized and you were in complete control of your funds but I'm still skeptical.  Why use government currency when we have money backed by the people.

Government crypto currency doesn't exist and will never be exist, they don't support crypto and that there's no way for them to like it as well.

That will not be Cryptocurrency anymore, the government will find the way to increase the level of control over the Crypto they develop and issue.
Say goodbye to anonymity, I imagine KYC procedure would be necessary to enter government Crypto.

Conspiracy theory mode on: what if some government will secretly sponsor and promote a blockchain start-up to create a coin covertly controlled by this government?

I think this kind of thing can later become a double-edged sword for the country, because the potential of this speculative and turbulent crypto can be bad if it is already related to state assets. besides having to maintain reputation, what is feared is if a country invests it then does not get any profit

If the government issues its own cryptocurrency that doesn't mean that they're going to approve decentralized cryptocurrencies, it is the opposite, they will create a currency that is going to compete against the cryptocurrencies that have no ties to governments and they are going to promote their own currencies as being way better than what the community has created.

Same thing I have been thinking all this while🤔 the government is bad, that’s why I hate it when some people are saying they want government to take over cryptocurrency, it pisses me off a lot, like seriously. Why would people be wishing the government takes over cryptocurrency, while they already know how bad the government can be. Cryptocurrency is a where to freedom, to give people control over their money. But when the government takes over, that freedom will no longer be there.

In my opinion it is good news, so if from various countries try to make crypto currencies themselves automatically they also adopt blockchain technology and with crypto news there will definitely be mass adoption and crypto trust rates are increasing because many ordinary people consider bitcoin to be used for crime act. Then I think with the government wanting to make crypto, there must be regulations implemented and the regulation depends on the government, so if the government in your country is bad, I'm sure the regulations that will be implemented will greatly burden users.

This is the path of cryptocurrency development. In the future, many coins will disappear in addition to Bitcoin. When the government issues coins, the impact on cryptocurrency is huge. Perhaps this time bitcoin prices will return to $3,000.

If that happen, that the government issued their own crypto currency, that is sure it will centralized , that they have their own power to control all the price value of it in the market which is not crypto currency is. This will sure an obvious anomaly.

Well I think this central banking would lead bitcoin again to centralization of money. Notwithstanding the decentralized nature, bitcoin would become a game of few hands later.

I think crypto currency issued by the government and is backed by the government would be calling the same animal a different name. It would still work like a fiat and they could control it but still disguised as decentralized crypto currency. They would either ban any other crypto currency adoption in their country or tax other crypto currencies higher.

But in fact, the government will use a centralized approach to managing cryptocurrencies. You see that XRP is now ranked second. All of its prices are so expensive because there are governments that support such coins. There are only a few coins that may be scattered in the future, and most of the coins are centralized.

And why do you think that bitcoin is going to disappear just because the government creates their own coin? Even if they create their own cryptocurrency that cryptocurrency is not going to have the very same characteristics as bitcoin, which means that it is not going to be a direct competitor and when that cryptocurrency crashes like everything that the government creates we will need an alternative currency and that could be bitcoin.

Seems a good idea if they create their own currency, but giving the option of using decentralized Crypto-Currencies too to their citizens. The problem is to forbid one kind (the decentralized one) to force everyone to use the one they want (centralized). Indeed a centralized Crypto-Currency created by a government would be very similar to fiat, however they would be using a new technology, what would be already an advantage, an improvement compared to the old system.

I guess, it would be a great idea since it would be useful for a certain country to have it's own cryptocurrency. There are still lots of things to consider since the government would be involved. However, it is still important to have a decentralized cryptocurrency which is not manipulated by the government.

I often said this, how can a single government can start its own currency. And let’s suppose they do; the restricted number of users would use it and there wouldn’t be much obvious change in economy of the country.

If the government issues cryptocurrency means legal, the impact on cryptocurrency can be very large, because public trust is higher than independent cryptocurrency. Policies supported by the government have a very strong legal basis, so that all users will feel calm in carrying out transactions or investments.

A cryptocurrency run by the government is a contradiction in terms and a foolish idea: the bitcoin was born precisely to free itself from the power of states and banks; giving it back means to commit a big stupidity.

I think in this case the Bank takes a policy of adopting a crypto currency that is very supportive and very positive, this is a good example for all banks.
Maybe the central bank's policy can improve crypto for the future and can be useful to the wider community.

I bet they won't dare to create a new currency, rose is still rose even if it’s an emoji on your keyboard to represent rose. In my opinion their rival is not cryptocurrency but PayPa (http://hafana.com)l and other online payment gateways that still use fiat as their value of money.

If ever there is a Government issued their owned cryptocurrency it means they are capable to operate using high technology all the time almost all transaction there is used in digital technology. so theres no problem about central bank regulated of crypto currency as long as they would create a good benefits for their constituents. so go ahead that's not bad.

this has actually long been predicted that every country in the future will surely issue their own cryptocurrency. so in the future all fiat currencies currently circulating will be created cryptocurrencies themselves, for example, the Dollar and then there are Dollar cryptocurrencies, there are two outstanding currencies, fiat dollars, and cryptocurrency dollars.

if a country publishes its own cryptocurrency it will look better in everything. starting from planning, integration to the many fields they will make, and many other things they will do for the community. This crypto currency will be tested with Fiat and which will be more effective for the future

If goverments can't find a way to implement taxes or lose some of their control on traditional markets, they will do this and issue cryptocurrency. Of course it will harm decentralization of the crypto market but the market will become more attractive to the investors and process of adoption of the cryptos like BTC will also speed up.

Japan had accepted bitcoin as their own currency who’s functioning like Yen in their region ,thats why i see no reason about them making own cryptocurrency while they had been  one of the first country to trust and adapt crypto.but if thats the reality i guess thats a centralized and not loke what we are having here

If central banks really create their own crypto, I think it will not be far from what they've already run like fiat. The difference with bitcoin is that their crypto is still controlled, while bitcoin isn't. They creat their own crypto is of course for grabbing people attention, lead people to stay with them and unintentionally provides choices for doing transaction. In other words, seems like banks are trying to get rid of bitcoin.

Well if this is true this should create new opporyunities in this side of the technological advances. Maybe it could boost cryptocurrency usage and as well may destroy small cryptocurrencies because it is certain that this would create a real competition among cryptocurrency usage.

This kind of tokens is different from what we know, because they can freeze your balance, add new tokens whenever they want, and it will have stable price. So you can consider it as digital version of a fiat currency, because the government still has control over it.

if it happens, the existence of BTC will be truly threatened, because support from the government will never betray the Japanese population, so that the security and progress of the country that officially releases cryptocurrency and is centralized by the state, may last longer and can be used commercially
the government must always think about the economic stability of the country, so that community service and also the small risk will be preferred in every decision

I think it's good, if the government will issue its own crypto currency. because that means the government is willing to accept crypto. and if it will happen in Japan, and overtake other countries, it will also mean crypto will become more global.

Yes it is, the stability is not normal sometimes it is flactuated and the others is just stable. The bitcoin is very important to those who give importance on it. Well it generates the accomodation of the price and people wanted to have the big income and earnings as well.

If central banks creating their own cryptocurrency, its must be different with their own fiat currency. Cryptocurrency should be decentralized and central banks always want to print money from thin air. But if central banks decide to release their decentralized cryptocurrency, i think that will be good for market

I don't think so, because the cryptocurrency they released will definitely involve bitcoin in exchange, so I'm sure that will make bitcoin better. But if they don't involve bitcoin in exchange, then I'm afraid the cryptocurrency they release will not be able to grow like Bitcoin.

Of course that will be good but you cannot call that a decentralized one because that would be under the control of the government and government might any time imposes any kind of policy that the holder might not like.

I do not see a problem with a government to issue a cryptocurrency and to apply it in their own for good to showcase transparency and limit corruption in their system. If it is being introduce also to all investors around the world then same as other crypto will going to happen. The crypto will be listed in an exchange and it will be used to utilize in every government departments in doing payments.

In my opinion it will be best if the the government issue crypto they should apply it to monitor government funds on how they spend people’s taxes. You know government has a lot of dishonest practices instead of replacing fiat to crypto why not make people taxes transparent on how they spend and allocate those budgets it will make sense for sure.

At present, the government will not issue its own coins, but the government is paying close attention to the cryptocurrency market. In the future, they may issue their own cryptocurrency at the same time. This is very good for the cryptocurrency market. At that time, Bitcoin will once again be take off.

It will actually be the same national money, only in the digital shell. Since centralized cryptocurrencies of states will still be considered cryptocurrencies, they will attract the attention of people and the popularity of all cryptocurrencies will increase. People will see that even the states issue their coins and the credibility of the decentralized cryptocurrency will increase. Therefore, I have a positive attitude to the centralized cryptocurrency of states.

And I doubt if the future of government-issued virtualcoin will become successful because of what happen to Venezuela owned cryptocurrency. To become successful, the future government-owned cryptocurrency should have a big support from crypto investors and people. But since most of the cryptocommunity don't like theidea of cebtralized virtual currency, it may not get a sufficient supports.

Governments will not ask us for opinions. They will issue their own centralized cryptocurrency, which will actually be the national digital money. I take this intention quite positively. Such a cryptocurrency will cause an additional interest in all cryptocurrencies and will strengthen their intention in that this is not a fraud. Yes, and look at the circulation of such cryptocurrency would be interesting.

Then what was the purpose of Bitcoin at the first instance, It was introduced to curb centralization and explicit control of the government over native currency, Any cryptocurrency introduced by the government will about nothing but complete centralization as the name implies to Govern "Conduct the policy, actions, and affairs of (a state, organization, or people) with authority." Why would anyone want this ?

I think it will never be a good idea because surely government are only the one that get more benefited and surely they will conduct policy which is also not good idea. So that's why crypto is decentralized which is good because government is not allowed to conduct policy to it. So I think many people will be glad because they get the benefit through it that what they deserve.

If a cryptocurrency created by the government, it is not decentralized cryptocurrency anymore, not a revolution of the currency and not the future for the digital currency.
Because they want to control cryptocurrency with the banking system, all transactions will always be monitored by the government, and we as crypto holder will be imposed the tax.

This statement quoted here explains it all "Governments are good at cutting off the heads of a centrally controlled networks like Napster, but pure P2P networks like Gnutella and Tor seem to be holding their own." -- Satoshi

I think if indeed it will damage the essence of bitcoin, which is an option of a centralized system that has a weakness, Bitcoin is present by offering a decentralized system, which has an advantage for the development of the world's needs. therefore I think it is not suitable if the existing system will be returned to its origin

of course from that the government still wants to be in control. I think it is the same as the country's fiat currency, but it is only realized in digital form. and I think that is different from crypto essence

It is very unlikely that a government would create a decentralized cryptocurrency like Bitcoin, and people would not trust it anyway. One of the main points of Bitcoin is precisely to separate coin from state, to quote Antopoulos:

Bitcoin is not “unregulated”. It is regulated by algorithm instead of being regulated by government bureaucracies. Un-corrupted. -- Andreas Antonopoulos

If the government is unable to control it, then they might as well adopt Bitcoin or legalize it. Now that would be progress. Odd that Japan retracted from treating it like a coin and think of treating it as an asset.

But anyway I don't think any government issued crypto currency has a future, unless its truly decentralized like Bitcoin is. But then why bother making "yet another altcoin"? Marketing? "national pride"?...

I think this is better than our current system but in ways defeats the purpose of what a cryptocurrency is supposed to represent.

If there is a country that thinks like that, a country or a bank wants to develop its own meta crypto money is better and better, I am sure that many investors or traders who glance and are interested in the currency are more guaranteed in terms of security, this is a very positive step Cryptocurrency in the country.

Cryptocurrencies are all about decentralization. If the government issued crypto will have this feature then I totally agree with such a cryptocurrency. I am in favor of a little "control" in the cryptos in order to avoid scams but not in a high volume because then the system will not be decentralized.

But the question will be, why should a country release a national cryptocurrency? Most national currencies are launched in corrupt or bankrupt countries. Decetralisation will be very difficult to ensure because it's already limited to the country.
In addition, one of the biggest features resulting of decetralisation is being global. Like BTC is not restricted to a country, BTC can be used everywhere worldwide. National cryptocurrencies will have always disadvantages in my opinion.

Some central banks are thinking about it
It is good idea because it will lower trade costs and trade will be faster and much more transparent
Interesting will be to see digital Yuan .China has that project under development
Even it will be only gov currency anyway it can be also used on crypto market in some cases
For example to buy licensed ico
As usual in any case of digital innovation it will start from Asia countries
It can benefit trading between Asia countries than
I know euro area is not even thinking about it and it will not change anytime soon

Yes because governments only think about themselves that will only control the whole system and will not spare profit making policies for investors. So personally I love crypto currency to be decentralised and out of reach for government. It is independent that’s why it makes huge profit other wise Every thing will get pre planned and no charm in investing.

Its probably hard to trust cryptocurrency that is issued by governments. We all know that the government are full of corrupt officials. And i think if they release a cryptocurrency they can control it. And they can do what ever they want.

Why not. If the government will assure their investors that they can make their own cryptocurrency safer for every one and that will be better for all of us.

I think the same that crypto currency is much better than our regular money because according to me it really does not give us anything but only the waste of time. Government should take wise step of regulating crypto currency which is good not only for them but also for ordinary people as well who are investing to make the economy well grown.

If central banks release their own cryptocurrency, i think its good news for cryptocommunity as long central banks not control the supply and having a limited supply. It should be decentralized if not there is no different with paper money

Agree with you mate that crypto currency has very good impact on our life and because of this our life has got the New turns that improved our life style. With  crypto currency governments has no connection but if they will make their own so it will surely be safer and will be higher in value so I think if investors found it beneficial they will  use it.

Yes if government's own currency has more benefits as like bitcoin so people should join but I think it will more good for us because government will accept this currency and more secure for people to easily use then their own currency will also useful so if governmental people can use it because their salary is connected with government and that's why they can easily invest their some of salary for secure future.

Does japan or the other countries actually need to release their own crypto? Does it means they will ditch their current fiat paper monies? I don't see this happening.

I think if government creating their own cryptocurrency, bitcoin will regulated by government. Thats will be a good news for market because investor will more have many option to investing their money. But i think if government creating their own crypto, its like a fiat money because government still control the supply and data transaction

Japan has issued MUFG coins, and some Latin American countries have also issued the same thing, I have not seen it directly about its use, but obviously it is fully supported by the central bank they have. It must be understood that developed countries do not question the dualism of currencies, the most important is legal and remain regulated in their own sovereignty. fiat and crypto will be connected to active conversions which ultimately increase economic power on a large scale.

This is actually a great comment, and very nice thinking. There are more than 4000 complementary currencies in the world, this currencies serve businesses in hospitality, construction, manufacturing, retail and professional services. For example Switzerland have WIR, it's what I remember, but I read about some others too.
What you say that fiat and crypto will be connected to active conversions which ultimately increase economic power on a large scale is true. I agree with this, it's the next step in evolution of economy, after that people will be able to choose what will they support, centralization or decentralisation.

for Japanese countries it seems that they have received use and payment using cryptocurrency because they give appreciation to the existing developments and technology such as the payment of the bitcoin digtial currency, for many countries there are still many who have not received payments using cryptocurrency.

I am agree with your opinion. If central banks creating their own cryptocurrency and still control the supply, i think its just form of digital money. Not every cryptocurrency anonymous but its should not controlled by any authority or central banks. But in the other side, its good news for blockchain technology because more institution will accepting cryptocurrency

And why do you think government will be doing that?

I am talking about the cryptocurrency here not the corruptions they. Do you think governments will be making their own cryptos and let investors and other people invest on it? If you will be asking me they are busy with a lot of things that is more important than that. I don't think they will be using those cryptos to corrupt since I don't think they will be making a cryptocurrency in the first place.

My opinion about the currency issued by the government is very good, because there will be more people or new users who will be on Cryptocurrency. Because digital currency issued by the government may be legally regulated by the state, but everything depends on traders, because I think the currency issued by the government will have a stable price, not too drastic when going up and down. So it tends to be slow in seeking profits from it.

if cryptocurrency be made then its not independent and decentralized like the crypto system in general, then what's the difference with fiat made by the government?

I think this issue will not become a reality, the government already has fiat and one country will not use 2 official currencies

but will it use a decentralized system too? because if the government continues to maintain the existing system, it is no different from now. so I actually considered it not supporting crypto development, but like a competitor

the central bank issued a cryptocurrency I thought because I wanted to attract customers. because cryptocurreny and the blockchain system are very revulsioner. by using cryptocurrency transaction costs become cheaper and more efficient. also the transaction process is more transparent. perhaps with the use of crypto they can minimize acts of corruption committed by government officials. but still even though the cryptocurrency is made by the government. must remain decentralized.

Can you give me any authentic link about it please?

If government come here i think it must be good. Everything will be under control and market will be stable. But challenge is how technically government handle it where market is fully decentralized.

Won't be a big fan of those crypto currencies. Government issuing crypto currencies and you really think they are going to be decentralized? No way. They will try to keep it under their control as much as they can. And its the Japans central bank that will be issuing those coins and is a more no no for us. I thought crypto currencies were supposed to be anti of the banking system.

What kind of crypto regulation do you expect if the government cannot regulate policies intensively?

if they make crypto with their own system then there will be two different centralized systems and vice versa, at least they can accommodate their own system to save potentially damaging things about the interests of their own currency.

That’s what actually want to say mate we are well aware of crypt coin nature that it use to change all the time is I think at very first it’s not possible for government to handle it and other thing is crypto currency is totally independent that has no relative concern with it so these are just roaming there is no authentic proof about it.

If there is someone controlling it, it wouldn't be so cool to invest on that since they were the ones who can control it and i don't think if there's a lot of participants that wanted to invest it. Investors may try it once but eventually, they will just going to switch back to Bitcoin again.
Although we can't force everyone to choose what type of currency they want so they might be going to release it but i don't know if other government in another country would accept it.

Government-issued electronic money is no longer a new issue for some countries I think because the government wants to promote the nation's development and issue electronic money to curb inflation in the country. Such as Zimbabwe, inflation is very high and affects politics and the government must use electronic money to stabilize the economy.

yes I think it's a good development. but we don't know yet whether the country can manage it or not. because no country has created crypto until now. so it took a long time for this.

If the government issues its digital currency, I will not trade with Coin from the government. Because I think Coin prices will tend to be slow in their movements. Because the government has always given statements to the people in my country, that digital currencies are at high risk because prices rise and fall rapidly.

When many country want to created their own crypto is very good ideas, but they have connection with bitcoin and blockchain, they could created some thing without have connection with bitcoin.

In my opinion, this will be a great opporrunity to showcase cryptocurrency because it is backed up by the government. Government releasing crypto will be a giant leap for crypto savvy because government issued crypto has so much trust into it than non-legitimate cryptocurrencies out there. With this, users can be assured of security and the protection of investors and users through guidelines and regulations in the use of it. Foe sure that in the coming years, more government bodies will soon be open to the fact that cryptocurrency will be able to aid in government's financial transactions as well.

If we are talking about volatility here I think fiats are more volatile than crypto the best advantage a digital currency can give to one government is the fixed amount of supply because we are all aware that government have unlimited supply of money if they implement using a public ledger and opened for transparency to public then it will be good to people.

I think what you mean is to create a crypto that will going to compete bitcoin and will have a different blockchain.

Yes it could be possible since cryptocurrency is all about decentralization. The market price of every coin will be determine by the demand and supply of the coin just like the most stable coin in the market the USDT.

However, it will.not guarantee that a certain government coin may going to work out with other coin just like bitcoin. So if I were to make a coin then I will make it under the bitcoin blockchain or somehow connected to bitcoin where it could be tradable to other cryptocurrency.

I think what you mean is to create a crypto that will going to compete bitcoin and will have a different blockchain.

Yes it could be possible since cryptocurrency is all about decentralization. The market price of every coin will be determine by the demand and supply of the coin just like the most stable coin in the market the USDT.

However, it will.not guarantee that a certain government coin may going to work out with other coin just like bitcoin. So if I were to make a coin then I will make it under the bitcoin blockchain or somehow connected to bitcoin where it could be tradable to other cryptocurrency.

I would say national crypto a good idea if it lowers the costs of issuing the money. Anyway its just a little upgrade from current system. National cryptos do not offer decentralization and fixed supply.

- I believe many people here will make decisions like you, not participating and not using the coin that the government creates because the government always creates a playground they can control, their strict management will make the market very boring and gloomy, lack of pumps and breakthroughs. The coin issued by the government will be very little volatile and will not bring big profits to investors, focusing on their products only makes us waste money and time, observing and participating in other cryptos is still better when they are not under government control

yes it's normal, there is nothing special. even though all countries in the world make their own crypto, can it save a bear market? no, because what is needed now is the development of all crypto, starting with the function of crypto itself.

When a governing body takes responsibility, surely it'll be functional same as the centralized services. We cannot see anything good similar to bitcoin. To my thinking it is same as the way of making transaction digitally for the traditional fiat. If the same cryptocurrency is developed in a separate platform with some other backing as oil, metals, etc then it'll surely make a difference though it is under a centralized system.

The expression "central" in the wording central banks is already suspicious when it comes to the question of issuing a cryptocurrency by a government. But a government could become more credible if it manages all its expenses on a blockchain so that each citizen could always check if the taxpayers' money is consequently used. Instead of issuing a cryptocurrency, the Congress could be suppressed by replacing it with a virtual congress which work would be performed on a blockchain network.

i am afraid of the taxation that will be imposed if ever.

government should regulate new entries in the market.

if every country issues its own currency, I think the nature and risk will definitely change and it will even become a function as a fiat eye,

If they make a cryptocurrency but don't use a decentralized system. then what's the difference with other digital currencies? the core of crypto innovation is decentralization right ? if there is no decentralization in crypto they issued then I will not be interested in what they bring.

Some governments were already tried issuing their own cryptocurrencies but ti doesn't make any sense at all if it is centralized and controlled by someone so no one gonna use it anyway.

if indeed the government issues its own crypto currency and if all countries issue also of course the value and function of the crypto currency will change and no longer be like the crypto currency and will be the same function with fiat currency

Why should it be connected with bitcoin? It will be a supplementary (maybe) cryptocurrency to bitcoin but I can't find a reason why they should be connected. And I really don't like the idea of different cryptos as this returns us to the same base as does fiat right now.

I think if government will connect with crypto so it will never bad idea rather it will never harmful because working in community or consent will very beneficial and profitable for people, so economical situation will more improve and unemployment will reduce for this world but the main issue is crimes it will remove from our world by cryptocurrency.

It will be more a centralize one and the purpose of cryptocurrency will die again. I know government will not do this because they already have fiat money to use for. They will just accept the fact that they cannot control cryptocurrency and let their people to use it with some regulations to follow.

we talk about issued by the government I think the government has no other currencies that are believed to be the currencies used at all. but the cryptocurrencies are talking about knowing that all the government thinks that it's a scam because cryptocurrency is a digital currency and a decentralized, so it's hard for the government to accept it. and would have been able to prove the government that a country's crypto also works with people without jobs, so now they can also be called sideline jobs, because of the help of a bitcoin cryptocurrency in the country and may have come to us cryptocurrency in the country will be known and accepted in all gobernments.

I think even though the digital money that was created cannot change the decentralized system that cryptocurrency has brought, this new system is indeed the opposite of the existing system. but I think the government can regulate it elsewhere, but not the system, because this is a technological development

I have recently read OP post that maybe government will made their own crypto and he was give an example that Japan will do that but currently as far i know bitcoin was legal in Japan and if they want to created their own crypto i'm sure people at there will be so excited because i heard Japanese people were investing bitcoin for future purposse even there was company who are willing to pay salary employments use bitcoin but for other countries i think it hard to be realized because most of them doesn't liked crypto

Cryptocurrency can't be used at the goverment level! At least at the moment in the meaning of which we are talking. This is an ANONYMOUS currency. Cryptocurrency will be used in everyday life, but goverment regulation is unacceptable and, in principle, it doesn't exist.

I treat them quite normally, just as I do with fiat money now. I am only concerned about the issues of inflation within countries with weak economies. If they start to issue cryptocurrencies of their countries, and cannot devalue them during the economic crisis in their country, then a default will be inevitable. The United States, too, will not be able to print more dollars when they need it. A lot of questions about this. It all depends on how these cryptocurrencies will exist and what advantages they will give over fiat? If you simply replace fiat money with cryptocurrency and all mechanisms to leave the same, then what is the point?

I am thinking if the government will be directly accept the legalizing process for the improvement of Bitcoin to the country it will be more advantage of the Bitcoin to be developed in the country very quick and easy and the people also very useful to make some good amount of profit in their life.

I am quite normal with the emergence of centralized cryptocurrencies that will be issued by central banks of various countries. Moreover, it will happen even without our knowledge and desire. It will practically be the same national money of the states, only in a digital envelope. They will mostly go within this state and will not be used as the decentralized cryptocurrency is used now - for profit due to the increase in their prices. This will be a centralized cryptocurrency, which will be used primarily as a means of payment. It is unlikely that such a cryptocurrency will be widely used even within this state, since non-cash forms of payment will successfully compete with them. However, their release in general will be useful for all cryptocurrencies, since it will attract attention to it and contribute to its popularity.

Bitcoin isn't something that the government will promote and if ever there will be a crypto coin issued  by them, i don't know if it will have the same support from long time crypto users. Well there will be confidence in anything government backed, but a state crypto is almost the same as digital fiat.

I think its alright because like crypto they want to spread their platform in every country so I think it will not be a problem and also it's up to people they want to use if its crypto or banks. The important is we know to manage our investment in every investment platform.

It all depends on what government we're talking about. The Venezuelan government issued a cryptocurrency, l don't think l am in any rush to buy that. However, if another government does, one in whom l have confidence, it'll be a no brainer.

I will never use them or accept them as a form of payment, if governments can already abuse their power can you imagine the abuse they could use against a normal person? It is better we do not give them even more power than the power they already have, so if the country where you live decides to implement that refuse to take part in such an experiment.

Then that will be the first crypto that people in that place will look into since it is provided by Government it will likely be safe to use.

you can search the country of venezuela . see if thier president was clean from shady deals  and if you verified that he is legit , thats the time to buy and support them but if ever you found out that they are corrupt . just  ignore it  . 

cryptos that issued by governments are centralized or already regulated  .  im not really a fan of those quality so id rather continue my support for our own cryptocurrency   .

Cryptocurrencies offered by the government should not be different from those offered by other entities. Cryptocurrencies are decentralized and so the government should not try to control cryptocurrencies issued by them. This way people will rust the government coins

government issued crypto currency?
What do you mean by crypto currency?
maybe Japan is just planning to do that. they will surely see and take into account the impact of good and bad on their country.

This is one of the speculations made by several crypto user that governments might turn out creating their own cryptocurrencies. No one can tell what the future holds exactly but it seems most of the governments are nowhere near the integration of cryptocurrency into their payment systems due to its decentralized nature.

on the basis of crypto currencies is a decentralized currency, in the sense that there are no central bank controls, and the main purpose of crypto is to eliminate the role of banks or third parties. if the government will launch a cripto-like coin, it is not digital money, what is certain is that the government has full control over these coins, even if blockchain technology is implemented, there will still be no "freedom" there

Well that crypto is about to rock their world I guess but there are many problems regarding on that for sure. People in the other country may not promote that because it is centralized and we all know that almost all of us wants a decentralized token or crypto right? If they can improve it for sure many investors will invest in their cryptocurrency.

Well, I think they will become another form of shitcoins on the market. No one loves centralized asset so I think the cryptocurrency community will think twice in investing such centralized digital money. On the other hand I think investors will take the opportunity or the hype but I know it won't last long. If every country has to create their own digital currency I think crypto related businesses and jobs will be the next big thing as governments will begin to embrace blockchain technology.

I think it will be great for the crypto trader and a very positive vibe to change through it. And Government take control of it and the big platform will create far soon and the unemployment will reduce. Economically there are many changes happen. But the problem is no freedom at all In this center point of view. It was not easy for the government it takes time to take control of it.

Crypto released by government are obviously centralized in nature, however, it can have the government's full support regarding on the peoples needs and technological advancements. The security will also become high and crypto will much safer. The only consequence is that, they will require KYC.

This does not make much sense. Because it will not be much like "decentralization". If their currency, they can somehow control it. So so idea.

Governments are known for their centralized governance so we must expect that if they are going to issue their own cryptocurrencies, it will also a centralized one. Issuing their own cryptocurrency will involves their central bank and other finances that vitals to the national economy so government won't going to create a virtual currency that they can't able to control or regulate.

I dont know if the government will issue their own crypto because they already have their own currency and its enough for them to earn a profit because they can create a supply of it whatever they wanted to.

Many country do already issue their own coins but most of them have failed because they didnt get enough support from their people  .  this is not a threat to crypto overall  .

in my opinion it doesn't matter if the other coin coins are still there and for me throwing the coin is bad because there is no problem why is it thrown away? instead we get cheap coin coins and earn a little bit of income

NO, I beg to disagree with this point. I think the government issued crypto will be facing a lot of issues especially with the other currencies like US dollars. There was a concern regarding with the purchasing power of US dollars using crypto. And this is why the United States of America made some ways to avoid putting other countries to bypass in purchasing US dollars using crypto based and dollar exchange.

Any cryptocurrency created by a government will be the same as their fiat but with even bigger problems for us since they will be capable of inserting all kind of malicious code in their coin that you cannot see so if they decide to confiscate your money they could do it very easily so it will be a mistake for anyone that appreciates freedom to support a coin created by any government.

Just look what happened to Petro, Venezuela's own crypto currency, in which now became useless. It's too controversial as it says it's backed by their oil but unfortunately didn't.

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Personally, I don't see myself using government issued crypto currency as yes it's obviously centralized and damn don't trust any of it.
We all love bitcoin and other alts because of its decentralization and after all this is what we're yearning for.

Precisely this is an advance for blockchain technology because it has been trusted by a government to be adopted even to make its own cryptocurrency. In the midst of many countries that prohibit bitcoin and crypto, with this Japan can be an example for other countries to be motivated to adopt this blockchain technology.

I think it won't work well. it is a government altcoin and will not carry too much meaning. it has no annual revenue, it does not intend to invest. it only gets richer when it receives a lot of taxes from people and businesses.
Altcoin development of a government is actually quite meaningless. we can only borrow money from them and do not expect it to grow strongly. According to me, that is a bad idea.

It might be more trusted because it was issued by a government that has gone through regulations so that it is legally safe for trade and investment.
Problems will arise because KYC must be included in crypto purchases or sales issued by the government for taxes, which means they are no longer anonymous. Even though currently the advantages of Crypto are anonymous.

there are two aspect of it one is that crypto currency whale position will be taken by government then they can further manipulate and all regulation will be imposed to own respective crypto and second one is that is we will see crypto awareness among general people then we can see market rise to next level.

And that is the issue, bitcoin was at first created by satoshi as a way to not have to rely on governments for your currency since they have shown through history they should not be trusted, so it does not matter what they say about their created cryptocurrency they are lying and only a fool will trust them, it does not matter what they do I will never use a cryptocurrency issued by a government.

Crypto currency created by the government will certainly change the nature and change the system in my opinion and of course the legality we will get in the security investment will be guaranteed but the tax will follow it

when the government made its own cryptocurrency currency not only was the tax a problem but I am sure there will be an extraordinary economic disaster because there will be price manipulations that can make many people lose.

for me it is better to have a currency in the country so well and it is acceptable to the whole government. because the currency is a decentrilized crypto even if it's a digital currency but for me it's the best crypto currency and it's acceptable to a central bank that bitcoin and others.

every country issues its own crypto currency, I think the nature and function of the crypto currency will actually disappear and of course it will switch functions and the currency will be centered and missing the function of the actual crypto currency

I don't believe this news and since this information is not backed with link on how to see the original news such, but to me no government with want to introduce they own crypto coin because that will kill their legal currency and the banking and traditional financial method which is always centralized.

If central banks issuing cryptocurrency, it will againts with their policy as last landing resort. Beside that, cryptocurrency always have limited supply and central banks must be want to control the price with more supply in market. I dont think government will issue their own crypto but if that happen, that can not be called as cryptocurrency but digital money

That is right.

There is no way that a government will ever release their own cryptocurrency in their country and advertise it to be used in the same country. The first reason I see that will contradict this is that their currencies or the fiat that is being used are controlled by them hence it is a centralized currency. Why would they create their own currency and it is decentralized? They will not be able to control it and it will really affect their country.

I think if crypto will be realized in Japan with government approval, crypto will only become the only digital currency to fulfill modern Japanese life

For me this is not good and if crypto currency was created by government then we must not feel that freedom of using it and making profit, we won’t have the chance to enjoy the benefits of crypto currency as we are having right now, as government could create some manipulation which can put our profit in danger.

I think that as soon as the central bank of any country releases its cryptocurrency, will immediately arise the possibility of its regulation and control . And this will violate the basic idea of cryptocurrency-its decentralization.

And what will be the cost of such a state cryptocurrency? Will it not be so that the issue of this money will be equivalent to printing an empty fiat money supply, which will lead to a new inflation?

Even if the governments of different countries release their own cryptocurrency, the decentralized cryptocurrency will continue to exist and people will have the right to choose. Therefore, I do not see anything dangerous for a decentralized cryptocurrency, if there will be a lot of centralized coins of different governments. On the contrary, I think that the general confidence of people in cryptocurrency will increase, they will quickly move to the use of cryptocurrency.

Cryptocurrency issued by the government means that it includes regulations that apply to the state, so that it is not anonymous and in conducting transactions can be taxed.
By law, in my opinion it is safer because it is protected by the state compared to anonymous cryptocurrency because it is legally difficult to protect.

even the goverment not touch and speculation cryptocurrency to be centraliztion are good for civil. crypto will be great when goverment make a rule for safety consument. when cust got trouble, goverment can handle it and to be sure crypto will be great like fiat

Government involvement in CRYPTO is sure a good development for the future, Thou government involvement is more of competition to other currency, but it will sure increase the numbers of investors and adoptors of CRYPTO community, with government issuing there own currency, it will attract a form of regulation in the space.

You can be right that the future of crypto can grow and become more popular when the government participates in this activity but you should consider carefully government actions, they do not randomly create their own crypto. They create for the purpose of competition as you say, and they want everyone to know about their crypto, attract people to invest and control other people's assets, the benefits we receive will be very small while the strict management and tax payment will certainly happen

The question is who is going to use that coin, people like us which understand that cryptocurrencies are an attempt by people to try to get free from government control will never use their cryptocurrencies, and the people that are not using bitcoin do not really have a need for a coin issued by their governments since they already have cash and other electronic payment methods so for the time being I do not see many people interested in adopting a cryptocurrency like that.

That would basically defeat the purpose, BTC is supposed to be a decentralized currency, and if government issues it, there will be heavy regulations and it will be centralized, controlled and issued by a central banking authority. Indian govt. was planning to do this with Lakshmi Coin but the buzz just drowned, so I guess it is no more.

I agree. I think governments do that not only to just keep with the times and trend, but it can also be a more secured way to delve into cryptocurrencies because a government, unlike private developers, has more capacity to safeguard the investments of people who use it in their transactions, which most likely, would be picked up by their own citizens. I think, it's just part of the function of the a government to make sure that the money and investments of its citizenry are safe against any forms of scams, which is at the moment, happening in the cryptocurrency market.

Exactly, it will happened. But i think people will not interest on government's own crypto, Basically people start working on crypto because of bitcoin, and who are using bitcoin they will not like government's currency. Just like me, if bank create its own crypto then i have no interest on it.   

I think that is a strategy from the government that tries to make the price of bitcoin fall by giving a statement like that it will make many traders panic, while those who already understand bitcoin should not need to panic so stay calm and enjoy bitcoin price movements and as much as possible to looking for very much profit.

I wish it was just birds news, hoaxes or something else. I imagine who is the government developer who will make a cryptocurrency? of course they must form a new bureaucracy, and from that there will certainly be jealousy from the bank and the local currency itself, too complicated to make it real..

For now it will not work. Venezuela's Petro is one prime example. Who will be allowed to be a node for this network? How will the government structure rewards for miners or stakers? Just think of Bittorrents and compare them with paid online video streaming service. P2P doesn't work for central authority structures.

If Your Biggest country take a step to you accept it then the possibility of cryptocurrency entering into the banks will be possible otherwise it can be hold by the bank to accept but in future there will be a heat possibility to collaborate with cryptocurrencies from the bags are available.

Right it will not interested for me as well because we like investing in bitcoin because of its volatile and independent nature for growth, if it will also go under control of government it will be same as the money we are using right now, so then there is no need to invest your high amount just for giving benefit to government but not to you.

National cryptocurrencies can be issued in the form of tokens that do not require mining and miners. This will be another type of non-cash money in the state. I think that on the whole it would be useful for the development of decentralized cryptocurrency, since people would have a logical interest in the general cryptocurrency, they would better understand its essence and rules of use. In addition, the emergence of a national centralized cryptocurrency would create more confidence in the decentralized cryptocurrency.

There is already price manipulation with current "no-crypto-fiat money", and it happens in a lot of third world countries (very common in some countries of South America, Africa, Asia): they devaluate the currency to bring down the salaries, prices goes up, salaries stay down, and multinational companies (you name it, cloth companies, technology companies, phones, TVs, etc) hire your "now almost slave workforce" for nothing.

Right now it is happening in Argentina, the current "world weakest currency":
https://www.bloomberg.com/news/articles/2019-04-01/argentina-central-bank-to-keep-rates-at-a-minimum-62-5-in-april

So, a centralized goverment issued crypto would be the same, or worst.

Cryptocurrency issued by government is as good as fiat currency.  The government will probably strip important features of cryptocurrency off such currency.
 It's better they stick with fiat than trying to reinvent the wheel.

Yes, the Crypto currency issued by the government will have price stability, because it is very different from the original Crypto which tends to have very fast price movements.

Venezuela itself is in bad situation and crypto will not help it. I do not agree with the idea that governments will create p2p coins. The centralized government will create crypto like itself. Persia has also created its own gold backed coin, review it.

For me it just sounds like they want to be part of the crypto world since they couldn't control it.
Most of the crypto is decentralized and they want to create their own crypto so they could benefit from it.
They just want to be in control again since they couldn't do it in Bitcoin or other decentralized crypto.

I think that couldn't be considered as a decentralized currency because they couldn't control it but they would issue their own digital money just to make things more convenient for them. It would be hard for the government to take control of cryptocurrency so they will just make their own.

..i think this is one stratedy of the government to be get involve in crypto..they will make their own coin so that many would patronize it and if many people will invest on it,they will going to centralized all the transactions so that they will going to have the control on it..but I think this is not a simple task to do,,the government will need to have a long range of study in the flow of crypto so that the coin they will create will not become a shit coin..

I think it violates the most important principles. The government can block your account at any time and you will be left without any savings. I like coins where only I have access to my wallet.

If the central bank makes cryptocurrency, would it be operated this way?would it have ICO and bounty? Are they trying to shift totally into crypto? This are my questions. Because that should not actually be a big deal if it will be adding value to the present.of which I think that is going to lay off many human resources called bankers.

in today's situation there is no possibility for that to accept the cryptocurrency by the government especially Bitcoin will not been accepted by any type of government in the society so it takes some times to convince the government and the country to accept then only it will be valuable for them.

Crypto currency made by the government will have price stability, because the government itself regulates it and allows buyers to feel safe, but in my opinion Crypto is not pure cryptography, because Crypto is made without anyone managing it.

It is true that cryptocurrencies have great volatility but how can people say that the currencies printed by governments have any stability when every year there is inflation that is eating away the ability of your currency to buy whatever you want and at the end all the fiat currencies in the history of the world have always returned to their inherent value which is zero, if the government of the country in which you live begins to print their own cryptocurrency do not deal with it or you will regret it in the future.