Can the government or banks create their own crypto?

[audrey12]

Of course they can because creating own crypto only needs capital and developers to help them what would be their problem is that if people will accept the market of their coins because so far bitcoin is now on the top unless these governments will prohibit the use of bitcoin and only their coins will be accepted in their market. I don't think if that time happen bitcoin can be replace.

[malourdesesmores07]

Yes, there's a big tendency or possibility that the governments or banks can create their own cryptocurrency but many business establishment will be affected if the government run their own crypto.

[LogitechMouse]

Anyone can create their coin if they know how to create. We can see this in an ICO that many are doing some ICO because they want to create new coins but most of them are becoming scams or they can't support it. Banks and the government can create their own coin as long as they can support it.

[gunhell16]

anyone can .. i still remember one of the thread i read here ,, 5 banks are getting together and will rellease their own crypto soon early next year ..
they cant do anything with crypto but to join them

[Patatas]

With the likes of government , NSA ,banks etc..Could they coordinate into creating their own crypto to defeat Bitcoin?
Creating something like 'Legal Bitcoin' , invest and pump, make it succesfull? Make markets aware
Maybe even create their own cryptography where they could still be able to decypher code if they needed to?

They won't defeat bitcoin,they will just force policies which will make people stop using bitcoins and use their coin instead.They government will always control the chain and will have the control over the transactions.So don't expect another "bitcoin" from the government.To  simplify it further,government would levy small service charges on each transaction.Also their mining will be private : )

[e-coinomist]

Yes, there's a big tendency or possibility that the governments or banks can create their own cryptocurrency but many business establishment will be affected if the government run their own crypto.

Most likely they allready did. It is about finding out which one from coinmarketcap they did.
Ripple always has been the oddshot standing near to institutions and tinkering on total supply.
They are the one falling like a rock since 5/17/2017 and marked as Not Mineable

[bitcoinveda]

Indian central bank RBI coming with Laxmi coin govt owned cryptocurrency with blockchain technology even Sweden China and Japan are developing their own cryptocurrency

[Lykslyks]

I think, the government won't waste their time creating their own cryptocurrency to beat bitcoin, cause its impossible for them to beat it. Knowing that if they have their own currency taxes and fees in each transaction will be automatically putted in it so no one will be into it.

[ahmadakbari]

I think, the government won't waste their time creating their own cryptocurrency to beat bitcoin, cause its impossible for them to beat it. Knowing that if they have their own currency taxes and fees in each transaction will be automatically putted in it so no one will be into it.

Yes, I agree with you. That's why governments haven't tried to create any cryptocurrecencies. People won't use any crypto which must pay high taxes for it.