Will countries or central banks create their own cryptocurrency?

[waqasniaz007]

A few countries and central banks have been talking about “digital currency”, and most of them are carefully ignoring the term “crypto”. Fact is- digital currency is not the same as cryptocurrency. These countries/central banks are recognizing the benefits of the digital currency features of cryptocurrency, but they don’t want any of the decentralized uncertainties that come with blockchain-based currencies.
Will countries or central banks create their own cryptocurrency?

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[makoto_takemiya]

I don't think any country will create a fully public, P2P, blockchain-based cryptocurrency. Instead they will create currencies on blockchain platforms that are permissioned and that can be controlled.

[CARrency]

As I can remember, there is a country that tried to make their own digital currency. I do not know what really happened but I think that is not released. Countries will be making their own crypto currency since it is the future of money. In the future we can see digital currencies used by almost all of the people in the world not as an asset but as a common currency.

[Theo222]

I don't think any country will create a fully public, P2P, blockchain-based cryptocurrency. Instead they will create currencies on blockchain platforms that are permissioned and that can be controlled.

japan already planning about this one thats why some of the japanese investors pullout their money in bitcoin because they want to have japanese coin.

[A7fold]

Yes, now we have official crypto of Kazakhstan, Belarus has already legalized crypto and the next step will be creating their own currency. Also Russia together with National bank is preparing rules for crypto, and will create it's own crypto-rubl. Karbovanec in Ukraine(not sure it's official currency, but i'm sure that government has it's own interest in this crypto).

That's why, the Banks would be involved in crypto, because they don't interesting in losing such a big profit.

[aso118]

A few countries and central banks have been talking about “digital currency”, and most of them are carefully ignoring the term “crypto”. Fact is- digital currency is not the same as cryptocurrency. These countries/central banks are recognizing the benefits of the digital currency features of cryptocurrency, but they don’t want any of the decentralized uncertainties that come with blockchain-based currencies.
Will countries or central banks create their own cryptocurrency?

It doesn't matter whether the government creates a digital currency or crypto currency. What matters is whether the currency is decentralized or not. This is not something which they will be keen on - why would they want to cede control to the masses? So a government created crypto/digital currency will be subject to the same old failings as the existing fiat currencies.

[pentol86]

they had to change their regulation first, as we know, world bank play as role to control modern banks. but for me is impossible, because they need certainties from bitcoin community

[MainIbem]

Zimbabwe, Venezuela and Sudan have taken the lead of countries to launch their cryptocurrency. How many others that will join we will see.

[qwertyup23]

A few countries and central banks have been talking about “digital currency”, and most of them are carefully ignoring the term “crypto”. Fact is- digital currency is not the same as cryptocurrency. These countries/central banks are recognizing the benefits of the digital currency features of cryptocurrency, but they don’t want any of the decentralized uncertainties that come with blockchain-based currencies.
Will countries or central banks create their own cryptocurrency?

I doubt about it. Creating a cryptocurrency would originate from the blockchain technology, which in fact cannot be regulated. By this, it's like the government is contradicting their own platform against a currency that cannot be regulated. But this is highly debatable and depends upon the conditions of the government with their stand against cryptocurrencies. For example, Japan has been keen and supportive towards bitcoin and I believe that they are developing an international process of payment that relies on bitcoin as its basis.

[hashshashin]

A few countries and central banks have been talking about “digital currency”, and most of them are carefully ignoring the term “crypto”. Fact is- digital currency is not the same as cryptocurrency. These countries/central banks are recognizing the benefits of the digital currency features of cryptocurrency, but they don’t want any of the decentralized uncertainties that come with blockchain-based currencies.
Will countries or central banks create their own cryptocurrency?

Maybe in the future this will happen when the crypto-currencies and new technologies such as blockchain will start to displace the standard banking system, then they will probably start to consider creating their own crypto-currency to stay afloat.

[Joyceshiroor]

I don’t think that the tax payers of any sane country would see a good business case in expending billions of dollars on random numbers.

Central banks already have their own ‘blockchain’ technology through the IBS, and have for quite some time, and won’t start to become involved in a pyramid scheme.

[djangocoin]

Possibly, but cryptocurrencies at layer1 are quite slow at those kind of tx levels unless you want to sacrifice decentralization.. and since i imagine they don't really care much for decentralization they may just be better off using ripple or some derivative of it or an alternate solution in the future.

[renes]

No for sure for now, this will not happen in the near future, most of the people cannot use even computers, how can they use cryptocurrencies? But this will happen ultimately.

[reverseflash]

No for sure for now, this will not happen in the near future, most of the people cannot use even computers, how can they use cryptocurrencies? But this will happen ultimately.

Of course, now the full substitution of Fiat for cryptocurrency looks fantastic enough. But everything can change in the course of even a very short time, provided a certain scientific breakthrough in the field of personal computer technology.

[Monyadey]

No for sure for now, this will not happen in the near future, most of the people cannot use even computers, how can they use cryptocurrencies? But this will happen ultimately.

Of course, now the full substitution of Fiat for cryptocurrency looks fantastic enough. But everything can change in the course of even a very short time, provided a certain scientific breakthrough in the field of personal computer technology.

why not, if today everyone wants to secure their business and make it better? Therefore, it is thanks to the technology that the block of chains can be implemented, while creating its own crypto currency.

[Kavallo]

As soon as the tech will be scaled enough and it will allow them to create their own cryptocurrencies, I am rather sure that the banks will create their own cryptocurrencies. After that, the Armageddon for Bitcoin & Altcoins would be likely unleashed by the big banks in cahoots with givernments.

[1Referee]

I don't think any country will create a fully public, P2P, blockchain-based cryptocurrency. Instead they will create currencies on blockchain platforms that are permissioned and that can be controlled.

Correct. It will grant governments more control over people's wealth than ever before, so it's in their advantage to come up with their own crypto currency sooner than later. Imagine how governments will then be in a position where they could just freeze your balances at any time of the day, or give you an instant haircut in case they think it is justified to take that amount from you. Governmental theft and barbary will be upped to the next level that goes beyond all human rights. People are muppets and cash cows of the government already, but with their heavily centralized garbage, people will be pushed into a deeper hole of slavery. One must be stupid to participate in a system like this. Bitcoin is an easy and directly the best possible way to obtain financial freedom, and to finally actually own all your value.

[gabmen]

No for sure for now, this will not happen in the near future, most of the people cannot use even computers, how can they use cryptocurrencies? But this will happen ultimately.

Of course, now the full substitution of Fiat for cryptocurrency looks fantastic enough. But everything can change in the course of even a very short time, provided a certain scientific breakthrough in the field of personal computer technology.

Fiat, even with how primitive it is, isn't actually available to everyone around the world. So if governments would decide, they can very well create their own crypto coin based on blockchain tech. Of course these coubtries would have to first accept that crypto is here to stay and they can make ways to benefit from it

[cellard]

You should watch the show Mr Robot. In the season 2 it goes full crypto, and there is a way of governments vs Bitcoin. The script predicts what I was predicting myself, and that is, a future in which governments want to control 100% what you do with no possible notions anymore for privacy, except they didn't count with bitcoin delivering financial freedom.

They have a cryptocurrency (developed by E Corp) that is closed source and they control everything and they hate Bitcoin since it bursted their Orwellian dream's bubble.

[pitiflin]

You should watch the show Mr Robot. In the season 2 it goes full crypto, and there is a way of governments vs Bitcoin. The script predicts what I was predicting myself, and that is, a future in which governments want to control 100% what you do with no possible notions anymore for privacy, except they didn't count with bitcoin delivering financial freedom.

They have a cryptocurrency (developed by E Corp) that is closed source and they control everything and they hate Bitcoin since it bursted their Orwellian dream's bubble.

Whoa.. Mr.Robot seems to be the new fap - material
To the OP, countries have already started to create their own coins but who gives a shit. It will never come close to bitcoin due to obvious reasons. There ain't no shit to worry about.

[mrcash02]

Crypto-Currency can't be stopped and governments know about it, and they also know most part of their citizens don't know much about it and that they can be easily manipulated. So there isn't any difficult in creating a centralized local Crypto-Currency and telling the people that "it is like Bitcoin, but much better, because it's regulated/protected by the country's laws".

I don't think it's good, but as you can see, many people ask for regulations and more regulations, always celebrating when a new one is approved by a government. So governments can do what they want, in parcery with banks, and in the end there will be a lot of people applauding these ideas.

[andrey111]

Yes, and with each month they will all be longer. Here's an example - in August last year, the Swiss bank UBS in conjunction with Clearmatics Technologies created a new crypto currency, which he called "utility settlement coin"

[CarnagexD]

It is possible to happen. In the future countries like China or other communist country would have the time to established their own cryptocurreny where they could manage and control. The main reason is decentralization and power control. Most of countries want full adaptation of bitcoin or cryptocurrency where they could implement tax and established as system on regulation.

[Potatohead]

A few countries and central banks have been talking about “digital currency”, and most of them are carefully ignoring the term “crypto”. Fact is- digital currency is not the same as cryptocurrency. These countries/central banks are recognizing the benefits of the digital currency features of cryptocurrency, but they don’t want any of the decentralized uncertainties that come with blockchain-based currencies.
Will countries or central banks create their own cryptocurrency?

Maybe as more and more people accept and adopt cryptocurrency some countries and maybe even banks would start making their own currency. As we all know, not everyone is aware yet of the convenience, innovation, and evolution cryptocurrency and blockchain has brought. If people, government, business establishment would start adopting cryptocurrency and blockchain technology in their system, it would be convenient for everyone.

[Dragon5]

Crypto-Currency can't be stopped and governments know about it, and they also know most part of their citizens don't know much about it and that they can be easily manipulated. So there isn't any difficult in creating a centralized local Crypto-Currency and telling the people that "it is like Bitcoin, but much better, because it's regulated/protected by the country's laws".

I don't think it's good, but as you can see, many people ask for regulations and more regulations, always celebrating when a new one is approved by a government. So governments can do what they want, in parcery with banks, and in the end there will be a lot of people applauding these ideas.

That's how things always go in the world. Those, who have power, do everithing to gain more and more. Governments will try to take controll of that new idea. That's for certain. But admitting only a group of people use cryptocurrency nowadays, governments could help to get citizens used to it.

[BettingTips]

I don't think so . Almost bank system in almost country all over the world don't support cryptocurrency cause it can harm the economy especially bank system. Beside cryptocurrency is uncontrollable and it's really easy taken advantage to commit guilty so I don't think there is any country or central is going to create their own cryptocurrency.

[sserge009]

While governments are wary of creating their own crypto currencies. They have not yet decided on the general policy in the crypto market and what consequences for them can from its development. Sooner or later, such projects will necessarily appear.

[mikyadel]

while everyday people are more knowledgeable about blockchain technology , countries and banks will have to ride the wave and create their own in an attempt to fool people that they also will decentralize everything ,but in fact these currencies will be controlled by them !

[TIDOVEE]

This can happen if the countries can positively embrace bitcoin and accept it as part of them, same as the bank if they can accept to produce bitcoin in fiat form. It will be fine.

[pinkflower]

A few countries and central banks have been talking about “digital currency”, and most of them are carefully ignoring the term “crypto”. Fact is- digital currency is not the same as cryptocurrency. These countries/central banks are recognizing the benefits of the digital currency features of cryptocurrency, but they don’t want any of the decentralized uncertainties that come with blockchain-based currencies.
Will countries or central banks create their own cryptocurrency?

If they dont want decentralization and yet they want to use a blockchain, then all they would adopt is a centralized version of an inefficient system that cant scale.

Why dont they use a database and make that viewable to the public? It would be much easier to maintain and more scalable.

[Rrtt]

A few countries and central banks have been talking about “digital currency”, and most of them are carefully ignoring the term “crypto”. Fact is- digital currency is not the same as cryptocurrency. These countries/central banks are recognizing the benefits of the digital currency features of cryptocurrency, but they don’t want any of the decentralized uncertainties that come with blockchain-based currencies.
Will countries or central banks create their own cryptocurrency?

Here in our county, five banks are in the news recently for adapting the blockchain technology. They are contemplating on using Visa's blockchain payment platform. However the adaptation does not extend to bitcoin. But who knows, maybe in the future they will try to create their own cryptocurrency if they could see the advantages it brings.

[superjeyy]

Despite the development and boom in cryptocurrency, with regards to how our government work, I don't think that the central bank has the motivation to create their own cryptocurrency; instead they want to try the implementation of the usage of Bitcoin. Our Central bank has been dropping hints lately on how flexible Bitcoin is and how they want to adopt its system and implement its usage. I guess it needs a lot of studying before they push through with it. On the part of other countries, I guess when its adopting to progress they are all for it but it's how they can't gain control over cryptocurrency is what worries them.

[deppil]

A few countries and central banks have been talking about “digital currency”, and most of them are carefully ignoring the term “crypto”. Fact is- digital currency is not the same as cryptocurrency. These countries/central banks are recognizing the benefits of the digital currency features of cryptocurrency, but they don’t want any of the decentralized uncertainties that come with blockchain-based currencies.
Will countries or central banks create their own cryptocurrency?

I don't think that the government will make cryptocurrency because  they do not like decentralization. yeah you're right. I'm more inclined to think that the government or central bank will make digital money. this is certainly the influence of the needs of an increasingly advanced era and requires governments to make their local currency into digital versions. cryptocurrency and digital currencies are different

[stompix]

A few countries and central banks have been talking about “digital currency”, and most of them are carefully ignoring the term “crypto”. Fact is- digital currency is not the same as cryptocurrency. These countries/central banks are recognizing the benefits of the digital currency features of cryptocurrency, but they don’t want any of the decentralized uncertainties that come with blockchain-based currencies.
Will countries or central banks create their own cryptocurrency?

Actually:

A cryptocurrency (or crypto currency) is a digital asset designed to work as a medium of exchange that uses cryptography to secure its transactions, to control the creation of additional units, and to verify the transfer of assets

All cryptos are per definition digital currencies.
A cryptocurrency is not by definition decentralized.
The best example would be ripple.

Zimbabwe, Venezuela and Sudan have taken the lead of countries to launch their cryptocurrency. How many others that will join we will see.

Wow, the world poorest countries club. I have a feeling I know how this will end.

This can happen if the countries can positively embrace bitcoin and accept it as part of them, same as the bank if they can accept to produce bitcoin in fiat form. It will be fine.

Producing BTC in fiat form will certainly not be fine.
It will be just fiat. What's the point?

Yes, and with each month they will all be longer. Here's an example - in August last year, the Swiss bank UBS in conjunction with Clearmatics Technologies created a new crypto currency, which he called "utility settlement coin"

That is a private project that will be used by UBS initially and Barclays and Credit Suisse for internal settlements.
It's not really a coin, not mined, printed (minted) as much as they agree on, it's not public, of course it's not decentralized, and will most likely have no value for anybody other than those banks.

[BigDig]

not many countries decide on this. all the same, full control over all finances is their usual policy. crypto currency is not included in this framework

[alyssa85]

A few countries and central banks have been talking about “digital currency”, and most of them are carefully ignoring the term “crypto”. Fact is- digital currency is not the same as cryptocurrency. These countries/central banks are recognizing the benefits of the digital currency features of cryptocurrency, but they don’t want any of the decentralized uncertainties that come with blockchain-based currencies.
Will countries or central banks create their own cryptocurrency?

I think yes they will. The Bank of England is looking at a digital version of sterling.

When the Great Financial Crash happened, the UK govt asked the BoE if they could take over customer accounts if some of the banks went bust. The BoE said no - their capacity was for about 500,000 transactions a day, which is all they needed to transact between them and the big banks. There was no way they could handle the 5 billion or so transactions that go through the UK payments system every day.

So the govt had to bail out banks in part to preserve the payment system that the economy depends on.

But if the BoE can handle transactions via a cryptocurrency, that changes things, it means that the govt won't need to bail out banks in the future. The govt is looking into this because of taxpayer pressure. The banks of course are unhappy (but they are unhappy about a lot of things like Brexit too, and the British govt is increasingly ignoring them).

[0t3p0t]

A few countries and central banks have been talking about “digital currency”, and most of them are carefully ignoring the term “crypto”. Fact is- digital currency is not the same as cryptocurrency. These countries/central banks are recognizing the benefits of the digital currency features of cryptocurrency, but they don’t want any of the decentralized uncertainties that come with blockchain-based currencies.
Will countries or central banks create their own cryptocurrency?

Yeah I heard that some countries or central banks are planning or creating/backing digital currencies like Ripple but I don't think people will love them as those currencies are centralized and cryptocurrency enthusiasts hate it most especially if they are not in full control of their funds. I myself hate centralized asset not because it can be taxed but the fact that other people or entities can see and may abuse our privacy and that is against our right as humans. I will still love the idea of decentralized blockchain technology most especially a crypto called Bitcoin.

[automail]

It will be great if a country will have their own crypto. This will show how a country support crypto currency. Also, if they will be able to create their own, ICO scams will be minimized because there is no way a crypto representing a country will be scam. I will hunt for those ICO for sure. I am tired of those ICO who just ended up being a scam. I provided majority of my time working for those scam ICO but I still ended up with nothing in return.

[John Wallker]

I think if the situation on the market will be staible and there'll be no so hard regulation from the government, banks will have to adapt.

[audaciousbeing]

A few countries and central banks have been talking about “digital currency”, and most of them are carefully ignoring the term “crypto”. Fact is- digital currency is not the same as cryptocurrency. These countries/central banks are recognizing the benefits of the digital currency features of cryptocurrency, but they don’t want any of the decentralized uncertainties that come with blockchain-based currencies.
Will countries or central banks create their own cryptocurrency?

As development in technology continues in the areas of crypto currency, its only safe to say Central Banks will create its own crypto because of two reasons

1. The cost of printing more paper notes will continue to increase and every alternative will want to be harnessed in other to reduce that cost and if crypto would do that after several consultations they would go for it.

2. The teeming youth won't want something else no matter how you tried to cajole them or threaten them otherwise you would then be forced to give them what they want or they go for the decentralized one.

Based on the above, the only concern would be the decentralization part which I know would be difficult to give up because that will mean giving up power but they will find a way around it.

[Nick Abimanyu]

Most likely, yes !.
Because since 2017 they have studied the blockchain system even there have been some countries that have succeeded in implementing it into their banking systems, with the existence of such proof very possible if the central bank will issue its own cryptocurrency.

As you said "digital currency is not the same as cryptocurrency" i agree with your opinion about it and i divide it into 2 versions:
1. Digital currency Government Version, its nature is simple, just like ordinary fiat money that we use everyday or not fluctuate (non volatile).
2. Digital Currency Mining Version, this is the actual kriptocurrency, fluctuating, volatile and so forth.

[Xester]

A few countries and central banks have been talking about “digital currency”, and most of them are carefully ignoring the term “crypto”. Fact is- digital currency is not the same as cryptocurrency. These countries/central banks are recognizing the benefits of the digital currency features of cryptocurrency, but they don’t want any of the decentralized uncertainties that come with blockchain-based currencies.
Will countries or central banks create their own cryptocurrency?

In my opinion yes it could be possible that countries will make their own cryptos.  But even if they make their own cryptocurrency, still its price will be based on bitcoin.  Creating their own cryptos, they can regulate it more and maybe imposed some tax.  Which in return can give additional profit.

[mostkey]

A few countries and central banks have been talking about “digital currency”, and most of them are carefully ignoring the term “crypto”. Fact is- digital currency is not the same as cryptocurrency. These countries/central banks are recognizing the benefits of the digital currency features of cryptocurrency, but they don’t want any of the decentralized uncertainties that come with blockchain-based currencies.
Will countries or central banks create their own cryptocurrency?

probably everything will be realized, some local banks want to be able to monitor the movement of bitcoin. they will try to develop blockchain technology in order to monitor the whole on their coins.

[uttoransen]

The biggest issue with any country or establishment is that they don't like to give power and control to the public - they hate the part where de-centralization comes into play ... They would avoid the part where the coin needs to be decentralized and look for ways to make a digital currency that they have full control over!

Blockchain is the banks or fiat currencies biggest rival and no bank would want a decentralized coin to exist and trade along freely, if that ever happens then why would anyone ever need a bank

[yohaneshs]

Rumors said like that but the fact we can see statement central bank in some country like ECB and BoJ. The ECB and the bank of Japan have been looking into using blockchain for financial market infrastructure for over a year, reporting in September "promising results" but "no direct conclusion" for its practical use.

So for them it was not yet safe enough for use by central banks. Will central bank or country create their own cryptocurrency? I dont think it will be happen in the near future.

[sofikurban]

I think it is possible because paper money moving so hard to all world but crypto currency is easy

[suvo05]

I think the central banks will surely going to use the blockchain technology in the near future. But the procedure will not same as we used to see in the public crowd funding or ICO. They may not introduce any new coin in the market or country but they will implement the blockchain privately in the existing currency and bank.

[Nahl]

in my point of view there is possibility to countries to create their own crypto because probably they're will inspired by successfully of cryptocurrencies however even though stil not addmitted bitcoin as the currency but there was a rumour my government will made their own crypto this year and i believe someday they will realize that

[petyang12]

A few countries and central banks have been talking about “digital currency”, and most of them are carefully ignoring the term “crypto”. Fact is- digital currency is not the same as cryptocurrency. These countries/central banks are recognizing the benefits of the digital currency features of cryptocurrency, but they don’t want any of the decentralized uncertainties that come with blockchain-based currencies.
Will countries or central banks create their own cryptocurrency?

It is possible that they will make digital currency. Some countries did made a digital currency BUT it's not impossible to create one as long as the people in the country that plan on using digital currency acknowledge then why not create if they want a digital currency on their own.

[boruto99]

yes of course baby

blockchain technology will be in use all companies, corporate, central bank, government. so in the future they will all print money by simply pressing the number keys on our laptop board.

but every central bank has its own criteria in terms of creating their own blockchain.

[Opnsrc]

A few countries and central banks have been talking about “digital currency”, and most of them are carefully ignoring the term “crypto”. Fact is- digital currency is not the same as cryptocurrency. These countries/central banks are recognizing the benefits of the digital currency features of cryptocurrency, but they don’t want any of the decentralized uncertainties that come with blockchain-based currencies.
Will countries or central banks create their own cryptocurrency?

I think that many countries will try to create their own crypto currency, but these attempts will not be successful. Crypto currency was created for the purpose of anonymity and decentralization, and government crypto currency will not have such features.

[FoBoT]

The Central Bank of my own country discussed with the National Legislative Arm on media last week that they can never at this point in time give in to Cryptocurrency or give it any sort of Backing/Regulations no matter how they are being pressurized to do so, where people will place their reliance on that for trading/investment. The reason they analyzed is that they are yet to understand the methods, ethics, generation and every policy guiding Bitcoin. This however to me means that the Central Bank can not create any cryptocurrency of their own, since they can not build any other Block chain, and unless probably the world Bank gives the go ahead may be to only develop another coin which may have some kind of regulation stuff for their citizens to trade in.

[d5000]

Well, tomorrow we will begin to see part of the answer to the question how a "state cryptocurrency" could look like: On February 20, the Venezuelan government will start the pre-sale of their Petro blockchain-based currency (Source in Spanish). As most will know, the Petro is meant to be pegged to the petroleum price.

There are several points that should raise the "alarm" (apart from the at least questionable governance in this country):

- as I understand it, first state agencies and state enterprises will be allowed to bid
- then in a second round, there will be an auction for private actors such as companies

Well that looks ... like a random ERC20 ICO, not? First the "friends of the devs" get their share, and then the general public (for a very likely higher price).

I am very, very skeptic about the success of this "coin", but I will follow the development anyway - because it will become interesting how the peg works and above all how the Venezuelan State would try to resolve conflicts arising from the implementation (e.g. what happens if the market dumps the price below the peg? What if the oil reserves go down and aren't sufficient anymore for the "backing" of the currency?).

[faceoff97]

I don't think any country will create a fully public, P2P, blockchain-based cryptocurrency. Instead they will create currencies on blockchain platforms that are permissioned and that can be controlled.

This would probably happen, the government wants the full control over a cryptocurrency. They might make a centralized coin and this would be used and be recognized as a national coin. Due to an ever increasing demand of crypto, surely tge government will take action on how to do things well. There is no doubt that digital currency will be soon taking the lead in tge market place.

[hieuho381]

yes of course baby

blockchain technology will be in use all companies, corporate, central bank, government. so in the future they will all print money by simply pressing the number keys on our laptop board.

but every central bank has its own criteria in terms of creating their own blockchain.

I think that will happen in a few years as governments and banks recognize the importance of crypto in their financial systems. Each country, the bank will have their own crypto to trade and exchange in the country. Also common crypto currents such as BTC, ETH, NEO, BCH ... will become the common crypto of the world.

[Xardasim]

A few countries and central banks have been talking about “digital currency”, and most of them are carefully ignoring the term “crypto”. Fact is- digital currency is not the same as cryptocurrency. These countries/central banks are recognizing the benefits of the digital currency features of cryptocurrency, but they don’t want any of the decentralized uncertainties that come with blockchain-based currencies.
Will countries or central banks create their own cryptocurrency?

If governments will created their own digital coins i think this is the end of BTC and other altcoins because people mostly believe to their country than blockchain. Who wants the freedom will hold their BTC and others will follow their government.

[rey.fudz15]

If they simply ignore their pride and doubt against cryptocurrency that might happen soon, i believe in crypto as the very future of our payment technology, this kind of currency are at a still young and development stage and besides a lot of government and banks still don't have a clear stance on crypto currency.

[ohlawdy]

I think they will try , they have to money and resources to put up something good.
But i can only hope people won't fall for it, the beautiful thing about crypto is there is no way for people manipulating it like fiat is being manipulated.
If people will use a bankers coin , they don't see the value in a decentralized system.

[blogardianz]

I don't think so. They cannot or forbidden to create currency besides FIAT. They only can make it digitalized. I heard some bank in some countries will learn about blockchain technology, but I think that issue only for increasing their FIAT or banking system services

[expless]

A few countries and central banks have been talking about “digital currency”, and most of them are carefully ignoring the term “crypto”. Fact is- digital currency is not the same as cryptocurrency. These countries/central banks are recognizing the benefits of the digital currency features of cryptocurrency, but they don’t want any of the decentralized uncertainties that come with blockchain-based currencies.
Will countries or central banks create their own cryptocurrency?

I think that many countries will try to create their own crypto currency, but these attempts will not be successful. Crypto currency was created for the purpose of anonymity and decentralization, and government crypto currency will not have such features.

I have seen some countries mention something about creating their own cryptocurrencies, but I don’t think such an idea will work out pretty good for them. It will just put them into a blind competition with others, where they will all gain nothing. Why I said this, is because their cryptocurrencies are likely to be centralized or something.

[ntoken]

Yes, they will.
Even the official bank of China will release its digital currency.
But that's barely currency, have much difference compared to the ones we discussed.

[pathapoddo]

Countries or Central Bank will try to create a digital currency but they will not keep it uncontrollable. Because the bank will try to keep tax on it.

[FutureToken]

A few countries and central banks have been talking about “digital currency”, and most of them are carefully ignoring the term “crypto”. Fact is- digital currency is not the same as cryptocurrency. These countries/central banks are recognizing the benefits of the digital currency features of cryptocurrency, but they don’t want any of the decentralized uncertainties that come with blockchain-based currencies.
Will countries or central banks create their own cryptocurrency?

It doesn't matter whether the government creates a digital currency or crypto currency. What matters is whether the currency is decentralized or not. This is not something which they will be keen on - why would they want to cede control to the masses? So a government created crypto/digital currency will be subject to the same old failings as the existing fiat currencies.

Totally agree.

[Zach707]

A few countries and central banks have been talking about “digital currency”, and most of them are carefully ignoring the term “crypto”. Fact is- digital currency is not the same as cryptocurrency. These countries/central banks are recognizing the benefits of the digital currency features of cryptocurrency, but they don’t want any of the decentralized uncertainties that come with blockchain-based currencies.
Will countries or central banks create their own cryptocurrency?

I don't think so that banks or central banks will create their own cryptocurrency. There are news article circulating recently about central banks of some countries that are planning to adapt the blockchain technology but at the same distancing itself to cryptocurrency.

[tanghere02]

I think the banks will soon create their own cryptocurrency especially if the other countries are legalizing bitcoin which is what Russia just had announced. I can clearly see that in the future, and it will most likely happen in time. But I don't know if that is a good thing or not because it will be in competition with other cryptocurrencies that are decentralized.

[SilverKing45]

I think the banks will soon create their own cryptocurrency especially if the other countries are legalizing bitcoin which is what Russia just had announced. I can clearly see that in the future, and it will most likely happen in time. But I don't know if that is a good thing or not because it will be in competition with other cryptocurrencies that are decentralized.

I think centralized bank can also create crypto but it will surely bitcoin is the most efficient because of its capabilities .Why we owe others if bitcoin is there this kind of crypto is the future in all coin. It will never defeat bitcoin in other kind of coin.

[portotoi]

Countries or Central Bank will try to create a digital currency but they will not keep it uncontrollable. Because the bank will try to keep tax on it.

I think this is possible. We may don't aware that some banks making their own crypto currency and maybe making an ICO also. Some of them are slowly adjusting with the digital currency. And i know that China bank has also their own cryptocurrency.

[shi07]

According to the article I have read the countries that have issued their own cryptocurrencies include Ecuador, China, Senegal, Singapore, Tunisia. I Think the purpose of this is to regulate national cryptocurrencies per country and take the control to the government and the advantage of creating this is to hold the momentum of the value because this will effect the economy of the country.

[pallang]

It is possible that this will happen in the future especially those with advance and modern technologies but for those countries that can't cope up with these they will had a hard time to create their own crypto currency.

[Baoo]

Why not? , for me, everything is possible in the era of cryptocurrency. Because this field has changed everything to the best in the economic area and there become a facilitator of transactions and many other advantages which are more profitable from the previous period ( Before the era of cryptocurrencies). On the other hand, If there is a continuing this success, then it is expected that some countries (which is strong in the economy) to make their own currencies to take benefit of the advantages of digital currencies on their economy.
Furthermore, There is some news says that Ripple (XRP)  created by some successful banks and their goal is to overcome " Bitcoin" and when we see that their market cap is very huge compared to other currencies, where their prices are low,  then we conclude that this currency (Ripple) are made by banks or countries.
So may be some countries  makes currencies in a secret way .

[aintnopassincraze]

It is possible that this will happen in the future especially those with advance and modern technologies but for those countries that can't cope up with these they will had a hard time to create their own crypto currency.

Having a hard time would be a bit of an understatement. It is literally the same slave like system but on a blockchain. Putting the world blockchain in front of what you are doing won't all of a sudden make it free, open, censorship resistant, neutral, and decentralize the currency now would it? If it is centralized it is still crap and that is likely what would happen here with these government backed coins.

[princesspoppy]

I think it's possible. They can make and release their own digital currency, but the main point here is if it will be useful for their banks and if people will appreciate this digital currency. If we're going to talk about digital/crypto currencies, still decentralized cryptocurrencies are much better than those centralize that will/might be released by them. There will still be more people to stick to this decentralized cryptos than centralized ones where there are possibilities that it can be controlled by this banks or by government.

[richardsNY]

Having a hard time would be a bit of an understatement. It is literally the same slave like system but on a blockchain. Putting the world blockchain in front of what you are doing won't all of a sudden make it free, open, censorship resistant, neutral, and decentralize the currency now would it? If it is centralized it is still crap and that is likely what would happen here with these government backed coins.

Centralized crypto currencies issued by a bank or government are the worst possible forms of 'progression' the financial world can go through. If people think they are a slave of their bank or government already, wait for what's going to happen once you are locked up in their ecosystem entirely. Currently you at least can take out money from an ATM and conduct transactions manually in a peer to peer manner. Once cash is going vanish entirely, which is just a matter of time, you will be left with nothing but an ecosystem where the bank tells you what you can spend your hard earned money on. Without centralized crypto currencies, we are heading towards such an economy already, but once they force you to use their fiat tokens granting them more control than ever, you can consider yourself to be a 2.0 slave. People shouldn't fall for that garbage and adopt Bitcoin asap.

[andrei56]

A few countries and central banks have been talking about “digital currency”, and most of them are carefully ignoring the term “crypto”. Fact is- digital currency is not the same as cryptocurrency. These countries/central banks are recognizing the benefits of the digital currency features of cryptocurrency, but they don’t want any of the decentralized uncertainties that come with blockchain-based currencies.
Will countries or central banks create their own cryptocurrency?

Yes, central banks around the world will eventually create their own cryptocurrencies, they cannot let the whole market being dominated by bitcoin and alts they cannot control, when that happens be prepared for the lies of the media to go in overdrive since they will need to sell those coins as better than bitcoin and all other alts but of course see we know the truth.

[el kaka22]

A few countries and central banks have been talking about “digital currency”, and most of them are carefully ignoring the term “crypto”. Fact is- digital currency is not the same as cryptocurrency. These countries/central banks are recognizing the benefits of the digital currency features of cryptocurrency, but they don’t want any of the decentralized uncertainties that come with blockchain-based currencies.
Will countries or central banks create their own cryptocurrency?

I don't think so that banks or central banks will create their own cryptocurrency. There are news article circulating recently about central banks of some countries that are planning to adapt the blockchain technology but at the same distancing itself to cryptocurrency.

Apparently, you are not getting the idea. All governments are embracing the blockchain technology but not cryptocurrency as a result of the fact that it is decentralized.

I read an article recently in my country with the Central Bank warning people on cryptocurrency, stating categorically that is an uncontrolled environment and that was the excuse they came up with. So, there fight is not on cryptocurrency but the idea of decentralization, which we both know that even in their adoption, whatever cryptocurrency they create will end up centralized anyway.

[adolf512]

A few countries and central banks have been talking about “digital currency”, and most of them are carefully ignoring the term “crypto”. Fact is- digital currency is not the same as cryptocurrency. These countries/central banks are recognizing the benefits of the digital currency features of cryptocurrency, but they don’t want any of the decentralized uncertainties that come with blockchain-based currencies.
Will countries or central banks create their own cryptocurrency?

As we see today, there is already an example of creating its own crypto currency in Venezuela. This fact has caused a lot of criticism from some countries, but most of the world's users of crypto-currency are happy. Let's see how the events will develop further.

[gamalzour]

Countries or Central Bank will try to create a digital currency but they will not keep it uncontrollable. Because the bank will try to keep tax on it.

I am still looking forward to when we will start seeing moments as this. Blockchain technology has proven to be the future and from the look of things, CBN on behalf of federal government in most countries are starting to create groups aimed at seeing how they can benefit a lot from the technology. Obviously, whatever they create will still de centralized, but at the end, they all end the same old currency but with the difference being on the blockchain.

[Coinsher]

A few countries and central banks have been talking about “digital currency”, and most of them are carefully ignoring the term “crypto”. Fact is- digital currency is not the same as cryptocurrency. These countries/central banks are recognizing the benefits of the digital currency features of cryptocurrency, but they don’t want any of the decentralized uncertainties that come with blockchain-based currencies.
Will countries or central banks create their own cryptocurrency?

I think each country have already created their own currency but differ in value.Because in my own opinion,the reason of this is to determined how good their economy is.Example like european countries,long before they are already rich and well developed countries and as a result,their currency have a good value in the market.So I think it is really important to create own currency because all countries in the world are not the same.

[perfect999]

A few countries and central banks have been talking about “digital currency”, and most of them are carefully ignoring the term “crypto”. Fact is- digital currency is not the same as cryptocurrency. These countries/central banks are recognizing the benefits of the digital currency features of cryptocurrency, but they don’t want any of the decentralized uncertainties that come with blockchain-based currencies.
Will countries or central banks create their own cryptocurrency?

I think that many countries will try to create their own crypto currency, but these attempts will not be successful. Crypto currency was created for the purpose of anonymity and decentralization, and government crypto currency will not have such features.

I have seen some countries mention something about creating their own cryptocurrencies, but I don’t think such an idea will work out pretty good for them. It will just put them into a blind competition with others, where they will all gain nothing. Why I said this, is because their cryptocurrencies are likely to be centralized or something.

Why won't it work out if I may ask? Sure, it will be another centralized currency and moreover the cashless policy has already started making the usage of physical cash go into extinct in some societies, so using the blockchain to start generating currencies and throwing it out to the nation and making it tradable globally since that is one of the things that makes crypto trading tick, then I see no reason why it cannot make a lot of sense having them adopt blockchain technology.

[Carlsen]

Venezuela has just created the first crypto currency emitted by a government, the Petro.
Allegedly every Petro is backed up by one gallon of oil. The first day brought the government 735 million US dollars.
Now they want to give out more Petro and emit another currency backed up by gold.
I see that developement very skeptical.

[diva.man]

In China, the central bank is preparing to issue digital money!

They feel that the development of digital currency is bringing new opportunities and challenges to the monetary issuance and monetary policy of the central bank.

[btcrut2017]

A few countries and central banks have been talking about “digital currency”, and most of them are carefully ignoring the term “crypto”. Fact is- digital currency is not the same as cryptocurrency. These countries/central banks are recognizing the benefits of the digital currency features of cryptocurrency, but they don’t want any of the decentralized uncertainties that come with blockchain-based currencies.
Will countries or central banks create their own cryptocurrency?

For now i don't think so that they will create their own cryptocurrency. They are keen on adapting or utilizing the blockchain technology for their payment system. Maybe in future if they can see that it is advantageous on their part to use their own cryptocurrency.

[JesusCryptos]

Venezuela has already made an ICO of its national cryptocurrency, Petro, backed by oil, and if I remember well it has raised 735 Million $, and it's now planning another currency backed by gold. And the news has just come in that now also Iran plans to make a national cryptocurrency.
Sooner or later, also governments of the rest of the world will follow.

[Dragon5]

I suppose the difficulty is not in creating your own cryptocurrency, but in a good marketing strategy))) to sell it and make money - that is a draw of luck! But in general, a lot of banks and companies and countries are expected to create their own crypto.

[spacesniper93]

I really doubt about this because they're saying they gonna apply the blockchain technology into their system , maybe they're really creating their own cryptos.

[mezzaluna]

I don't think any country will create a fully public, P2P, blockchain-based cryptocurrency. Instead they will create currencies on blockchain platforms that are permissioned and that can be controlled.

Good point. But I also think their own blockchain. Or banks would make their own block chain. This system has a good potential to be applied. However its anonymosity is what makes government doubt it. Since they want to "govern" everything lol.

[zergenyt09]

Yes, they will.
Even the official bank of China will release its digital currency.
But that's barely currency, have much difference compared to the ones we discussed.

This is what will start happening gradually and eventually. Most countries are already getting aware of the future of blockchain technology and the next thing right now is to see how they can make it a possibility for them to be able to integrate it into the monetary system so they can benefit from it. A time will come when unnecessary printing of money will pass, and then we will get to see a lot of development coming up for most countries with the use of the blockchain.

[DirtyMiner]

The IMF (International Monetary Fund - THE Centre of Central Banks) already has its own "digital currency" they are called SDR's (Special Drawing Rights)  Learn about them here - https://www.investopedia.com/terms/s/sdr.asp

[mai2mai]

Venezuela has just created the first crypto currency emitted by a government, the Petro.
Allegedly every Petro is backed up by one gallon of oil. The first day brought the government 735 million US dollars.
Now they want to give out more Petro and emit another currency backed up by gold.
I see that developement very skeptical.

As I understand Petrol, like Ripple, is not a real cryptocurrency, cause it's fully centralized. Am I right?

[political1907]

Venezuela has just created the first crypto currency emitted by a government, the Petro.
Allegedly every Petro is backed up by one gallon of oil. The first day brought the government 735 million US dollars.
Now they want to give out more Petro and emit another currency backed up by gold.
I see that developement very skeptical.

As I understand Petrol, like Ripple, is not a real cryptocurrency, cause it's fully centralized. Am I right?

You are absolutely right. Petro is a centralized crypto currency. The price will also be indexed to gasoline prices.

[jonaire99]

Countries like Russia, Venezuela, Japan, China and even Iran are reportedly planning to launch their own cryptocurrencies in the future and most of this are state-backed cryptocurrencies. The Crypto ruble, petro, and J coin are some of the supposed to be names of government-backed coins. These future virtual currencies will likely benefit governments because they are impossible to counterfeit, can be made with in-built taxing algorithm and they can be able to trade without using fiat.

[Semaj123]

Countries like Russia, Venezuela, Japan, China and even Iran are reportedly planning to launch their own cryptocurrencies in the future and most of this are state-backed cryptocurrencies. The Crypto ruble, petro, and J coin are some of the supposed to be names of government-backed coins. These future virtual currencies will likely benefit governments because they are impossible to counterfeit, can be made with in-built taxing algorithm and they can be able to trade without using fiat.

Well, everything can be possible so it can be happen. Creating cryptocurrencies has already been made and the only only problem is that it is a p2p transactions. Once these problem can be solved I think this is the time government can already access our accounts and there will be taxes that will happen.

[vv181]

That will likely to happen. my country, Indonesia central bank is banned to use cryptocurrencies as a form to payments. In other hands, they will maximize the technologies of blockchain to create their own cryptocurrency, which is it will(I believe) be accepted as a form of payments. I'm sure government have no control over cryptocurrencies unless they regulate it, and even though they already regulate it, they still missing a control, so I'm sure they will create their own cryptocurrencies for their own people.

[JL421]

Yes but not the major countries only the minor ones as they care more about people welfare rather than their own benefits
And doing so has many advantages as well allowing people to use cryptocurrencies increases security of funds , it is more easier and allows to eliminate wrong activities

[torch2121]

For me yes. I've seen this in Facebook. Still haven't read all about it. They've created a cryptocoin of their own. Haven't fully read about it. https://qatarcoin.co/landing

[Bitcoinjheta]

For me yes. I've seen this in Facebook. Still haven't read all about it. They've created a cryptocoin of their own. Haven't fully read about it. https://qatarcoin.co/landing

Well, my point of view this is possible to happen in a country having actively participating in cryptocurrency if the government will accept to legalized the digital currency as part of the national currency in the there country.

[Choyor]

A few countries and central banks have been talking about “digital currency”, and most of them are carefully ignoring the term “crypto”. Fact is- digital currency is not the same as cryptocurrency. These countries/central banks are recognizing the benefits of the digital currency features of cryptocurrency, but they don’t want any of the decentralized uncertainties that come with blockchain-based currencies.
Will countries or central banks create their own cryptocurrency?

The countries of the world do not close their eyes to the widespread crypto. Therefore, each country will also utilize blockchain technology which is the basic technology of bitcoin and other cryptocurrency operations. with this technology, does not rule out if there are countries that change their money with digital money and create their own crypto. .

[CherRic]

A few countries and central banks have been talking about “digital currency”, and most of them are carefully ignoring the term “crypto”. Fact is- digital currency is not the same as cryptocurrency. These countries/central banks are recognizing the benefits of the digital currency features of cryptocurrency, but they don’t want any of the decentralized uncertainties that come with blockchain-based currencies.
Will countries or central banks create their own cryptocurrency?

You mean central banks or countries that can control their own cryptocurrency? I think that is possible but will be hard for each country because it will be closely monitored or regulated. If investors would know that is a coin from one country, they might as well be hesistant to invest.

[stompix]

As I understand Petrol, like Ripple, is not a real cryptocurrency, cause it's fully centralized. Am I right?

You are absolutely right. Petro is a centralized crypto currency. The price will also be indexed to gasoline prices.

And you really believe that will happen?

Yes but not the major countries only the minor ones as they care more about people welfare rather than their own benefits
And doing so has many advantages as well allowing people to use cryptocurrencies increases security of funds , it is more easier and allows to eliminate wrong activities

No, bankrupt countries, with people running low on food and basic stuff are doing this.
Are you seriously telling me Venezuela cares about the welfare of its citizens?

Do you even have a clue what a centralized coin means?
Security of funds? With just one click they can seize your coins, they can dilute the amount, they can even shut it down and all your coins and tokens would be worthless.

Countries like Russia, Venezuela, Japan, China and even Iran are reportedly planning to launch their own cryptocurrencies in the future and most of this are state-backed cryptocurrencies. The Crypto ruble, petro, and J coin are some of the supposed to be names of government-backed coins. These future virtual currencies will likely benefit governments because they are impossible to counterfeit, can be made with in-built taxing algorithm and they can be able to trade without using fiat.

Jcoin is a private bank project, it has nothing to do with the Japanese government.
 

[atomicgroup]

I think my response on this is whether such Banks or Countries totally believes virtually all Cryptocurency fundamental basis and with the sole aim of Regulating its operate in their economy. The former is addressable, but the later would be giving them headache since they wouldn't be able to control Cryptocurreny wholesomely, may be to a large extent in their Economy alone or co habitat neighboring countries. To this end, there shall be great limitation to countries or central banks creating Cryptocurrency of their own.

[Saksham]

A few countries and central banks have been talking about “digital currency”, and most of them are carefully ignoring the term “crypto”. Fact is- digital currency is not the same as cryptocurrency. These countries/central banks are recognizing the benefits of the digital currency features of cryptocurrency, but they don’t want any of the decentralized uncertainties that come with blockchain-based currencies.
Will countries or central banks create their own cryptocurrency?

A good answer to this question is PETRO, the Venezuela's cryptocurrency, it was all over the news so the incredible became reality, everything is possible.

[Vatimins]

A few countries and central banks have been talking about “digital currency”, and most of them are carefully ignoring the term “crypto”. Fact is- digital currency is not the same as cryptocurrency. These countries/central banks are recognizing the benefits of the digital currency features of cryptocurrency, but they don’t want any of the decentralized uncertainties that come with blockchain-based currencies.
Will countries or central banks create their own cryptocurrency?

     Well, judging by the similarities of how governments and banks are reacting or dealing with bitcoins or with the crypto world as a whole together with all the actions of some of these country's government and banks, I pretty much think that something like this is pretty logical to think about and might really do happen anytime within the near of far future. Because clearly, even with the drawbacks of crypto currencies and all, it obviously has a lot of good benefits and innovations that banks and governments can clearly use to improve their monetary system and get more benefits for themselves with the plus of having a great alibi to rid themselves and their countries off of cryptos once and for all. That is what I think.

[jeanne513lefe]

I think it is something that they would put into consideration, because it reduces transaction costs and is easier to track even the smallest transactions.
However, I don't think that countries would likely create a cryptocurrency with an anonymous feature in it.  They won't be able to take taxes if they do so.

[mbluxs]

I think this could happen. creating a digital currency for their own country whose price is not volatile. in my country The central bank is reviewing the existence of cryptocurrency and blockchain. they are looking

[liseff3]

In fact this has indeed happened and china has started it first  by launching its first coin which is named Neo. The move finally followed by Sweden with its coin called Sweden's Coin. Given the examples of such events it's certain that such actions will be followed by other countries in the future.

[wxa7115]

A few countries and central banks have been talking about “digital currency”, and most of them are carefully ignoring the term “crypto”. Fact is- digital currency is not the same as cryptocurrency. These countries/central banks are recognizing the benefits of the digital currency features of cryptocurrency, but they don’t want any of the decentralized uncertainties that come with blockchain-based currencies.
Will countries or central banks create their own cryptocurrency?

That is already happening and I will be not surprised if almost all the countries of the world had their own cryptocurrency in just a decade but like always they are missing the point, they think people are using crypto just because it is new or because it is fashionable to do it, we use crypto because of its characteristics and one of those characteristics is the lack of centralized control which means most of us will never use a crypto released by any government.

[queenlaurel]

Whether they ignore the name or not, if it becomes possible for them to create their digital coin, they will still have to introduce it has something the people has heard off and they have knowledge about it. Its possible for them to create their own digital currency because someone started bitcoin and cryptocurrency,  so its possible. The thing their is that, just has their has been corruption in the previous fiat, there will be corruption in their digital currency. They always want to have control so they can eat more than the masses. I hope they dont succeed.

[andrei56]

A few countries and central banks have been talking about “digital currency”, and most of them are carefully ignoring the term “crypto”. Fact is- digital currency is not the same as cryptocurrency. These countries/central banks are recognizing the benefits of the digital currency features of cryptocurrency, but they don’t want any of the decentralized uncertainties that come with blockchain-based currencies.
Will countries or central banks create their own cryptocurrency?

I think that many countries will try to create their own crypto currency, but these attempts will not be successful. Crypto currency was created for the purpose of anonymity and decentralization, and government crypto currency will not have such features.

I have seen some countries mention something about creating their own cryptocurrencies, but I don’t think such an idea will work out pretty good for them. It will just put them into a blind competition with others, where they will all gain nothing. Why I said this, is because their cryptocurrencies are likely to be centralized or something.

Why won't it work out if I may ask? Sure, it will be another centralized currency and moreover the cashless policy has already started making the usage of physical cash go into extinct in some societies, so using the blockchain to start generating currencies and throwing it out to the nation and making it tradable globally since that is one of the things that makes crypto trading tick, then I see no reason why it cannot make a lot of sense having them adopt blockchain technology.

Maybe it will maybe it wont, right now countries are not releasing their coins because it will be useless most users like us will never touch a coin like that so the coin will surely fail but as more people begin to buy cryptocurrencies it will be possible such coins become more successful as those that come later will not have as much knowledge and will not be as idealistic as some of the people in this forum.

[Bowly88]

A few countries and central banks have been talking about “digital currency”, and most of them are carefully ignoring the term “crypto”. Fact is- digital currency is not the same as cryptocurrency. These countries/central banks are recognizing the benefits of the digital currency features of cryptocurrency, but they don’t want any of the decentralized uncertainties that come with blockchain-based currencies.
Will countries or central banks create their own cryptocurrency?

I think in the future they will decide to create their own digital money because they need to cope up with the technology innovation but the thing is they are thinking also about the people in their surroundings if they can also access it because money is important in the world you cannot buy or have anything without money and you cannot access digutal money without a device and poor people cannot have that so they cannot create some digital money today because that would be racist if they do that.

[d5000]

In fact this has indeed happened and china has started it first  by launching its first coin which is named Neo.

Neo is managed by the Chinese state? That is new for me. OK, China is a "communist" country with a mostly centrally planned economy where many enterprises are state enterprises, so  maybe technically you're right here ... but I didn't read anything about an engagement in the State in NEO, And even if that was the case, for me it's still very different from a real "state-managed cryptocurrency" like those proposed by Venezuela and Sweden.

The move finally followed by Sweden with its coin called Sweden's Coin.

I think you mean the E-krona. However, the launch is expected to take place "in a couple of years", according to the article I linked. Venezuela very likely will be faster as the pre-sale has already begun, but I have not exactly very big expectations for the possible success of their "Petro", to say it in a polite manner.

[Rony24h7]

Who knows? It is not very easy to create own cryptocurrency because it is related with blockchain technology. A country have thought about creating that but I don’t know what happened next. it is depending at their own necessity only. We can not say anything about it. There is no any official declare about to creating this by any bank or countries.
We only can see what will come at future. if they feels the necessity of this then they wmay create but it will not effect on current cryptocurrency so that you should put your mind on your current deal so that you can able to get benefits from these system you have right now.

[andrei56]

Who knows? It is not very easy to create own cryptocurrency because it is related with blockchain technology. A country have thought about creating that but I don’t know what happened next. it is depending at their own necessity only. We can not say anything about it. There is no any official declare about to creating this by any bank or countries.
We only can see what will come at future. if they feels the necessity of this then they wmay create but it will not effect on current cryptocurrency so that you should put your mind on your current deal so that you can able to get benefits from these system you have right now.

It may not be that easy for the average person but for a country that has almost limitless resources creating a coin is trivial, it is not really that hard at all, the biggest difference is they cannot really create something like bitcoin not because they are unable to do it but because they do not want it they do not want to give freedom to people so they will create a coin that is the same as fiat.

[linshisui38]

A few countries and central banks have been talking about “digital currency”, and most of them are carefully ignoring the term “crypto”. Fact is- digital currency is not the same as cryptocurrency. These countries/central banks are recognizing the benefits of the digital currency features of cryptocurrency, but they don’t want any of the decentralized uncertainties that come with blockchain-based currencies.
Will countries or central banks create their own cryptocurrency?

The guardians of the global economy have two big problems to solve. The first is that the rise and development of private cryptographic currencies has received increasing attention - is the bank issuing a formal official version?

The central bank has said that policymakers should not ignore the growth of cryptocurrencies and consider whether to issue their own digital currency at some point. The bis says: "bitcoin has gone from being an obscure curiosity to a household name. One option is a currency that the public can use only if the central bank can issue units that can be converted directly into cash and reserves. However, Banks may run more risk and commercial Banks may face a shortage of deposits. Privacy can also be a problem.

[dollarneed]

Who knows? It is not very easy to create own cryptocurrency because it is related with blockchain technology. A country have thought about creating that but I don’t know what happened next. it is depending at their own necessity only. We can not say anything about it. There is no any official declare about to creating this by any bank or countries.
We only can see what will come at future. if they feels the necessity of this then they wmay create but it will not effect on current cryptocurrency so that you should put your mind on your current deal so that you can able to get benefits from these system you have right now.

You know what there are so many countries out there are starting to learn blockchain technology, it is impossible for them to accept bitcoin or another crypto but to creating one it might be possible they realize that the blockchain is the powerful technology which can revolutionize their banking system from traditional to modern one, there are so many advantages if this technology could be implemented for example cutting to much cost, increase acceleration and strongly secure.

[marcbitcoins]

A few countries and central banks have been talking about “digital currency”, and most of them are carefully ignoring the term “crypto”. Fact is- digital currency is not the same as cryptocurrency. These countries/central banks are recognizing the benefits of the digital currency features of cryptocurrency, but they don’t want any of the decentralized uncertainties that come with blockchain-based currencies.
Will countries or central banks create their own cryptocurrency?

They already did like Venezuela in which they name it Petro coin and there are countries like Sweden (Sweden coin), China( Neo) have created their own coins too but the status still uncertain except NEO. We will just and wait see for the others if it will works in the long run but if the people will fully support their created coins then i believe it will be worth for competency with the other existing coins in the market.

[brotherwood12]

maybe but ithink they need something " new " to get their own investor because yah you know , crypto right know better than central bank i think

[Aryanto28]

it seems so. Seeing the development of the era that is now easy with online-based there are some banks that began to make crypto which was launched from the bank system that he has the way it works almost the same as the system widely used by crypto in general. except that he is legitimate from the bank.

[Riddikulo]

A few countries and central banks have been talking about “digital currency”, and most of them are carefully ignoring the term “crypto”. Fact is- digital currency is not the same as cryptocurrency. These countries/central banks are recognizing the benefits of the digital currency features of cryptocurrency, but they don’t want any of the decentralized uncertainties that come with blockchain-based currencies.
Will countries or central banks create their own cryptocurrency?

I have not heard about the banks, but several countries are going to create their own cryptocurrency.

https://news.bitcoin.com/putin-cryptoruble-sanctions-bank-of-russia-skeptical/

[gua86402]

China's central bank is already studying its own digital cryptocurrency!

In my view, the central bank's focus on the digital currency is about its traceability.

[Rooster101]

Some countries have already launched their own cryptocurrencies and more will be joining in the future. Cryptocurrencies are traditionally decentralized and not even the government's central bank can control it but this is also one of the reasons why some governments wants to create own virtual coin. Some central banks thinks that they would also benefit from creating their own cryptocurrency because it impossible to counterfeit because it is cryptographically secured and can't be copied.

[Sengoko]

A few countries and central banks have been talking about “digital currency”, and most of them are carefully ignoring the term “crypto”. Fact is- digital currency is not the same as cryptocurrency. These countries/central banks are recognizing the benefits of the digital currency features of cryptocurrency, but they don’t want any of the decentralized uncertainties that come with blockchain-based currencies.
Will countries or central banks create their own cryptocurrency?

I have not heard about the banks, but several countries are going to create their own cryptocurrency.

https://news.bitcoin.com/putin-cryptoruble-sanctions-bank-of-russia-skeptical/

Many other crypto currencies have been developed so far and coming to market on regular basis. If every country accepts such challenge and become a horse in this technology race then ultimate results will help such crypto world flourish and enhance. Many people are still losing hopes in bitcoins as they see so many other altcoins, people, believe in bitcoins, they are best.

[jeanne513lefe]

As I can remember, there is a country that tried to make their own digital currency. I do not know what really happened but I think that is not released. Countries will be making their own crypto currency since it is the future of money. In the future we can see digital currencies used by almost all of the people in the world not as an asset but as a common currency.

I believe it is China. I saw a news saying that the Chinese government are banning all cryptos in China and they are developing their own state issue cryptos in order to have a overall control over the transaction and maybe even tax on it.

[Febriana98]

A few countries and central banks have been talking about “digital currency”, and most of them are carefully ignoring the term “crypto”. Fact is- digital currency is not the same as cryptocurrency. These countries/central banks are recognizing the benefits of the digital currency features of cryptocurrency, but they don’t want any of the decentralized uncertainties that come with blockchain-based currencies.
Will countries or central banks create their own cryptocurrency?

it's true that digital currency differs from cryptocurrency, and I read in an article that many big Banks are already working with IBM Blockchain to use Blockchain technology from IBM and maybe after this many banks will make their own cryptocurrency.

[zhuiyongliang8]

A few countries and central banks have been talking about “digital currency”, and most of them are carefully ignoring the term “crypto”. Fact is- digital currency is not the same as cryptocurrency. These countries/central banks are recognizing the benefits of the digital currency features of cryptocurrency, but they don’t want any of the decentralized uncertainties that come with blockchain-based currencies.
Will countries or central banks create their own cryptocurrency?

Along with the fast development of virtual currency such as COINS of the impact of the fiat money system, major central Banks have gradually realized that only the issuance of central bank of digital currency, can effectively guarantee the legal tender of the market position. As a result, central Banks in many countries have begun to study the issuance of legal digital currencies. For example, researchers from the central bank of Canada have published several work papers in recent years to discuss the impact of central Banks on the social welfare of digital currency. The bank of England in August, working papers published "the central bank issued digital currency macroeconomics", the central bank is theoretically discussed issue of digital currency on the possible impact of macroeconomic; The people's bank of China set up a digital currency research project a few years ago and recently disclosed the research. Ecuador is also trying to issue a digital currency, the Ecuadorian currency, by the central bank.

[kiloiko]

A few countries and central banks have been talking about “digital currency”, and most of them are carefully ignoring the term “crypto”. Fact is- digital currency is not the same as cryptocurrency. These countries/central banks are recognizing the benefits of the digital currency features of cryptocurrency, but they don’t want any of the decentralized uncertainties that come with blockchain-based currencies.
Will countries or central banks create their own cryptocurrency?

Eehm… I have seen many people raise such idea, but it wasn’t accepted. If any central bank release their own cryptocurrencyI don’t think it would be accepted by the majority of investors, because people will be suspicious of them, to avoid being traced. I know that Bitcoin itself is not really anonymous, but it seems to be more secured than anything bank will have to offer.

[cryptoalfs76]

A few countries and central banks have been talking about “digital currency”, and most of them are carefully ignoring the term “crypto”. Fact is- digital currency is not the same as cryptocurrency. These countries/central banks are recognizing the benefits of the digital currency features of cryptocurrency, but they don’t want any of the decentralized uncertainties that come with blockchain-based currencies.
Will countries or central banks create their own cryptocurrency?

Will,my speculation about this maybe someday if some country or the central banks itself  would capable to make there own digital coin, as what the country of china doing now into there homeland,they did not allowed foreign ICO developer to make a bussiness project ,because they want to make there own digital system,but in relation of the central banks i thinks its not the time that they make there own centralized cryptocurrency because as of now  they are inadequate of resources and capabilities.

[stompix]

A few countries and central banks have been talking about “digital currency”, and most of them are carefully ignoring the term “crypto”. Fact is- digital currency is not the same as cryptocurrency. These countries/central banks are recognizing the benefits of the digital currency features of cryptocurrency, but they don’t want any of the decentralized uncertainties that come with blockchain-based currencies.
Will countries or central banks create their own cryptocurrency?

Eehm… I have seen many people raise such idea, but it wasn’t accepted. If any central bank release their own cryptocurrencyI don’t think it would be accepted by the majority of investors, because people will be suspicious of them, to avoid being traced. I know that Bitcoin itself is not really anonymous, but it seems to be more secured than anything bank will have to offer.

Why would you invest in a national crypto coin?
You can just as easy buy right now $, Euros or yen and be done with it.

I'm amazed a lot of people really believe that those national cryptos will get a huge increase in % like bitcoin did or they will fluctuate like all the altcoins here.

It's going to be a national cuurrency!!!!
With a fixed value, controlled by the state! There is nothing to invest here!

[Phantomberry]

I their No, Their are only adopt the blockchain technology because they hate cryptocurrency only blockchain will fast their transaction.

[owlman]

I think that banks will be forced to change their usual system, and introduce new technologies, or create their own crypto-currencies, in order to somehow compete with currencies such as bitcoin, which are already accepted by some countries as a means of payment.

[Guryon_master]

Yes! Maybe not now but it will happen, a cryptocurrency that is not decentralized but a centralized where in my own opinion a very greatest enemy of decentralised cryptocurrency.

[supercanada1]

A few countries and central banks have been talking about “digital currency”, and most of them are carefully ignoring the term “crypto”. Fact is- digital currency is not the same as cryptocurrency. These countries/central banks are recognizing the benefits of the digital currency features of cryptocurrency, but they don’t want any of the decentralized uncertainties that come with blockchain-based currencies.
Will countries or central banks create their own cryptocurrency?

Eehm… I have seen many people raise such idea, but it wasn’t accepted. If any central bank release their own cryptocurrencyI don’t think it would be accepted by the majority of investors, because people will be suspicious of them, to avoid being traced. I know that Bitcoin itself is not really anonymous, but it seems to be more secured than anything bank will have to offer.

Why would you invest in a national crypto coin?
You can just as easy buy right now $, Euros or yen and be done with it.

I'm amazed a lot of people really believe that those national cryptos will get a huge increase in % like bitcoin did or they will fluctuate like all the altcoins here.

It's going to be a national cuurrency!!!!
With a fixed value, controlled by the state! There is nothing to invest here!

I am also with you in this matter. If a currency is being controlled by state, regardless of its form, investing there would be useless. Because of the same reasons you mentioned. Actually, that won’t be any different from paper money in any sense other than its digital form. They won’t fluctuate like bitcoin does and neither they are going to produce any ample amount of profits. For me, it sounds like a very bad idea to invest in a national crypto coin.

[NorihiroName]

I don't think that they are in need of such an action. They are like an opposite site of crypto-world because it touches their interests and profits in direct ways.

[Theones]

In Poland, one of the bank try to make their own cryptocurrency, what will be protection for the future, when crypto can be so strong.

[fmboyzz]

No, countries or banks officially won't create crypto. But if they create it, then no one can ban cryptos or Bitcoin. I know some country like Taiwan, Colombia already banned it.

[shadyrifles]

State Bank of India: Largest Bank of India has officially announced they will use blockchain technology for the transaction in future. This decision could be a huge step, and it is possible for banks to create their cryptocurrecy.

[Newbie Wong]

If they do, how to promise the limited supply?

[poplolnman]

State Bank of India: Largest Bank of India has officially announced they will use blockchain technology for the transaction in future. This decision could be a huge step, and it is possible for banks to create their cryptocurrecy.

We will see more conventional banks interested to implement how money transferred transparently , quick and easy to access with blockchain tech model. They just need a little bit courage to step forward . About creating their own version of cryptocurrency I don't think it could be beneficial for them , they need to be careful making this kind sensitive matter. So it won't easy.

[terrific]

Those countries that tried to create their own cryptocurrencies are likely to collect money from investors.
And after that their coin will be dumped and they will go to the usual money fiat system.
It's the reason why if a country will launch its own coin, investors will still choose bitcoin.

[mahilchii]

Nope. Countries will not create cryptocurrency and banks also don't want to introduce because of the decentralised concept of Bitcoin and crypto. These countries or banks wants to make money from people but cryptocurrency is like making money by people for people. May be it will take another 5 to 10 years for any crypto to be introduced b any country or bank.

[Seeker#9]

Some governments like Venezuela are planning to launch their own cryptocurrecy called "Petro" in effort to stabilize their economic crisis. There are reports also that several central banks have already experimenting with their own versions of virtual currency. If a government creates its own cryptocurrency, its central bank would stand behind and promotes it because it is created by the state.

[semutracing]

A few countries and central banks have been talking about “digital currency”, and most of them are carefully ignoring the term “crypto”. Fact is- digital currency is not the same as cryptocurrency. These countries/central banks are recognizing the benefits of the digital currency features of cryptocurrency, but they don’t want any of the decentralized uncertainties that come with blockchain-based currencies.
Will countries or central banks create their own cryptocurrency?

it's true that digital currency differs from cryptocurrency, and I read in an article that many big Banks are already working with IBM Blockchain to use Blockchain technology from IBM and maybe after this many banks will make their own cryptocurrency.

When it happens it is prepared for media lies to succeed in overdrive state because they have to sell the coins better than bitcoin and all other altcoins but of course we know the truth and central banks around the world will eventually create their own crypto, they do not can let the whole market be dominated by bitcoin and things they can not control

[batang_bitcoin]

Countries and central banks does have their own digital currency through by means of debit or credit cards. But to develop their very own cryptocurrency it will be likely to be centralized just like ripple. What I noticed, those countries that created their own cryptocurrency are likely to be successful for a while but afterwards it will be forgotten. Russia does have its cryptorubble and that's only few country that does have their own cryptocurrency.

[syaripudin]

I think actually crypto has shown its existence as a virtual currency that has a very good concept and currently crypto has succeeded in improving the economy for its users. I believe the bank as a centralized center has seen a pretty good potential for blockhaind technology but this decentralized system of crypto is the thing that makes the government less interested in crypto currency.

[Kevin77]

A few countries and central banks have been talking about “digital currency”, and most of them are carefully ignoring the term “crypto”. Fact is- digital currency is not the same as cryptocurrency. These countries/central banks are recognizing the benefits of the digital currency features of cryptocurrency, but they don’t want any of the decentralized uncertainties that come with blockchain-based currencies.
Will countries or central banks create their own cryptocurrency?

I have not heard about the banks, but several countries are going to create their own cryptocurrency.

https://news.bitcoin.com/putin-cryptoruble-sanctions-bank-of-russia-skeptical/

Many other crypto currencies have been developed so far and coming to market on regular basis. If every country accepts such challenge and become a horse in this technology race then ultimate results will help such crypto world flourish and enhance. Many people are still losing hopes in bitcoins as they see so many other altcoins, people, believe in bitcoins, they are best.

It would take some time but we are getting closer gradually. It takes just one to start and then others will start using that particular one as a case study in terms of the benefits that can be derived from it.

For instance, Japan went all the way to regulate cryptocurrency at large as well as the exchanges and the GDP within that period had a substantial increase which is assumed that the regulation was a fuel for that and then others are trying to take the same steps, I believe this is the same thing that will end up happening with countries creating their own cryptocurrency.

[Ferylero]

A few countries and central banks have been talking about “digital currency”, and most of them are carefully ignoring the term “crypto”. Fact is- digital currency is not the same as cryptocurrency. These countries/central banks are recognizing the benefits of the digital currency features of cryptocurrency, but they don’t want any of the decentralized uncertainties that come with blockchain-based currencies.
Will countries or central banks create their own cryptocurrency?

I guess they are going to create their own crypto, but will it those type of cryptocurrency we are used to? We have to be ready to high taxes, awful fee and hard regulations.

[jossiel]

I guess they are going to create their own crypto, but will it those type of cryptocurrency we are used to? We have to be ready to high taxes, awful fee and hard regulations.

There's no problem if it's only about the fees, we're used to it and we experienced it with bitcoin when it's on its all time high and there's an attack spam to the network.

But what's bad with this, a country that will own a crypto is really not giving investors an opportunity on what coin to choose for holding or usage.

This can eventually be implemented by the government and the theme of crypto as decentralized digital money will be gone, we all know when the government joins there is regulation, control and centralization.

[ArnoldChippy]

A few countries and central banks have been talking about “digital currency”, and most of them are carefully ignoring the term “crypto”. Fact is- digital currency is not the same as cryptocurrency. These countries/central banks are recognizing the benefits of the digital currency features of cryptocurrency, but they don’t want any of the decentralized uncertainties that come with blockchain-based currencies.
Will countries or central banks create their own cryptocurrency?

I guess they are going to create their own crypto, but will it those type of cryptocurrency we are used to? We have to be ready to high taxes, awful fee and hard regulations.

I think some countries have already created their own crypto currencies while other are taking interest to create. Its means that now the countries are accepting the importance of crypto currency, but still i would also like to add that any other crypto currency cannot be compare with bitcoin, and all the countries of the world have to accept bitcoin as their main currency.   

[pinkpanther03]

I don't think any country will create a fully public, P2P, blockchain-based cryptocurrency. Instead they will create currencies on blockchain platforms that are permissioned and that can be controlled.

japan already planning about this one thats why some of the japanese investors pullout their money in bitcoin because they want to have japanese coin.

Yeah I heard that news also, that why they've decided to regulate bitcoin to their country. Because of this, this one is the next thing for them to do and implement it to their country. If they want it to happen for real it will be like an altcoin digital currency also isn't right?

[gucci belt]

A few countries and central banks have been talking about “digital currency”, and most of them are carefully ignoring the term “crypto”. Fact is- digital currency is not the same as the cryptocurrency. These countries/central banks are recognizing the benefits of the digital currency features of cryptocurrency, but they don’t want any of the decentralized uncertainties that come with blockchain-based currencies.
Will countries or central banks create their own cryptocurrency?

I think so. Central bank countries around the World must have plans to create their own crystals in their country. Because these banks know that the digital currency is very profitable for each person and even the state. We'll see the progress later.

[Apaxy]

A few countries and central banks have been talking about “digital currency”, and most of them are carefully ignoring the term “crypto”. Fact is- digital currency is not the same as cryptocurrency. These countries/central banks are recognizing the benefits of the digital currency features of cryptocurrency, but they don’t want any of the decentralized uncertainties that come with blockchain-based currencies.
Will countries or central banks create their own cryptocurrency?

I guess they are going to create their own crypto, but will it those type of cryptocurrency we are used to? We have to be ready to high taxes, awful fee and hard regulations.

you are absolutely right, this is now while we are calmly feeling, When still the crypto currency is not under the control of any authority or structure. But when the process of legalization begins, we will still remember these times.

[YourHumbleCorrespondent]

Only one is doing so now, and it's a scam.

But others are bound to start soon, even though the BIS is having apoplexy over the prospect. I wrote this up a couple days ago: https://medium.com/@WilliamFreedman/poor-misunderstood-bis-needs-a-hug-28c92a5de99d

[Naficopa]

I am pretty sure that they are already trying to create their own currencies based on blockchain technology. In the case of spread of cryptocurrency they will have a finished product, which are able to control.

[kefir56]

I think they will, but not now, maybe when the blockchain technology will be spread all around the world, and not be banned by countries

[Martinkuhn]

I am certain blockchain will be used for currencies for countries in the future. But this will be a cryptocurrency that will be subjected to monetary "manipulation" by the monetary authorities so in that sense, it is exactly the same as fiat except there is no paper printing involved

[adzino]

I don't think we will need those "centralized" coins and will be totally a waste. We already have a ton of digital currency (not crypto currency) like paypal and skrill. Why would we need more of those shitty stuffs? Just to fool people and get their mind out of "decentralized" concept?

[UzumakiSakuragi]

I think it is something that they would put into consideration, because it reduces transaction costs and is easier to track even the smallest transactions.
However, I don't think that countries would likely create a cryptocurrency with an anonymous feature in it.  They won't be able to take taxes if they do so.

 Why not if cryptocurrency and the new technology Succed they might  consider  of implementing same pattern of system . reduced transaction fee and much easier..

[Fazlurkhan.kz]

Just in the fear of vanishing completely, banks might take any necessary steps to prevent their demolition be it creating a new DIGITAL or CRYPTO currency. As people would not like any further continuation of the old ritual of banks having control over their wealth.
Not to miss all the big whales making money through banks, they would take any required step to protect the banks.

[Viyamore]

A few countries and central banks have been talking about “digital currency”, and most of them are carefully ignoring the term “crypto”. Fact is- digital currency is not the same as cryptocurrency. These countries/central banks are recognizing the benefits of the digital currency features of cryptocurrency, but they don’t want any of the decentralized uncertainties that come with blockchain-based currencies.
Will countries or central banks create their own cryptocurrency?

I believe that not all countries will create their own cryptocurrency.
First, it requires them a lot of investments fo itt and of course, timeline is very important. It is not like he fiat that can be printed.  May I know why did you say that cryptocurrency is different from digital currency? Shall you expound the asnwer?

[p i e c e]

A few countries and central banks have been talking about “digital currency”, and most of them are carefully ignoring the term “crypto”. Fact is- digital currency is not the same as cryptocurrency. These countries/central banks are recognizing the benefits of the digital currency features of cryptocurrency, but they don’t want any of the decentralized uncertainties that come with blockchain-based currencies.
Will countries or central banks create their own cryptocurrency?

Already, some countries are creating their own crypto currency, but it does not have such huge success as bitcoin or other promising altcoins. I think from this venture it will not work out anything good.

[forklif]

Actually there is no problem if a country makes its own digital currency, but there must be a certain policy and acceptable to society, but for now I have not found a country that makes its own digital currency.

[tylerderden]

A few countries and central banks have been talking about “digital currency”, and most of them are carefully ignoring the term “crypto”. Fact is- digital currency is not the same as cryptocurrency. These countries/central banks are recognizing the benefits of the digital currency features of cryptocurrency, but they don’t want any of the decentralized uncertainties that come with blockchain-based currencies.
Will countries or central banks create their own cryptocurrency?

I actually believe that countries and Central banks would definitely issue their own cryptocurrencies as they are quiet fascinated by the idea of the cryptocurrencies but as you have written that they would only take the digital part.

[naidray]

A few countries and central banks have been talking about “digital currency”, and most of them are carefully ignoring the term “crypto”. Fact is- digital currency is not the same as cryptocurrency. These countries/central banks are recognizing the benefits of the digital currency features of cryptocurrency, but they don’t want any of the decentralized uncertainties that come with blockchain-based currencies.
Will countries or central banks create their own cryptocurrency?

it's true that digital currency differs from cryptocurrency, and I read in an article that many big Banks are already working with IBM Blockchain to use Blockchain technology from IBM and maybe after this many banks will make their own cryptocurrency.

let us hope so, but I believe over the years, a whole lot will end up changing in the world of cryptocurrency considering the level at which things are turning out gradually with a lot of countries trying to see how they can embrace the idea of blockchain technology at large and get to see how it can favor the economy in the process. It is already happening and I will not be surprised if we start seeing some increase in numbers.

[goku1525]

A few countries and central banks have been talking about “digital currency”, and most of them are carefully ignoring the term “crypto”. Fact is- digital currency is not the same as cryptocurrency. These countries/central banks are recognizing the benefits of the digital currency features of cryptocurrency, but they don’t want any of the decentralized uncertainties that come with blockchain-based currencies.
Will countries or central banks create their own cryptocurrency?

it's true that digital currency differs from cryptocurrency, and I read in an article that many big Banks are already working with IBM Blockchain to use Blockchain technology from IBM and maybe after this many banks will make their own cryptocurrency.

let us hope so, but I believe over the years, a whole lot will end up changing in the world of cryptocurrency considering the level at which things are turning out gradually with a lot of countries trying to see how they can embrace the idea of blockchain technology at large and get to see how it can favor the economy in the process. It is already happening and I will not be surprised if we start seeing some increase in numbers.

If central banks create their own currency its totally wasting of time because they cannot beat bitcoin efficiency as the matter of fact bitcoin is the most popular coin all over the world I think it will remain the number one currency and has a futuristic currency.

[andrei56]

Those countries that tried to create their own cryptocurrencies are likely to collect money from investors.
And after that their coin will be dumped and they will go to the usual money fiat system.
It's the reason why if a country will launch its own coin, investors will still choose bitcoin.

It is very unlikely that a country releasing their own cryptocurrency is going to require investors after all they are not a private corporation and even more importantly they have the printing machine they can print as much money as they want in order to impulse that cryptocurrency among the public, but make no mistake no cryptocurrency created by a government is ever going to be as good as bitcoin not because they cannot make one as good as bitcoin but because they do not want to do it.

[upsidedown75]

A few countries and central banks have been talking about “digital currency”, and most of them are carefully ignoring the term “crypto”. Fact is- digital currency is not the same as cryptocurrency. These countries/central banks are recognizing the benefits of the digital currency features of cryptocurrency, but they don’t want any of the decentralized uncertainties that come with blockchain-based currencies.
Will countries or central banks create their own cryptocurrency?

Eehm… I have seen many people raise such idea, but it wasn’t accepted. If any central bank release their own cryptocurrencyI don’t think it would be accepted by the majority of investors, because people will be suspicious of them, to avoid being traced. I know that Bitcoin itself is not really anonymous, but it seems to be more secured than anything bank will have to offer.

Apparently, no investor will even want to put their funds in a centralized currency in the first place and it will not have any difference with respect to holding fiat, but for means of adopting the blockchain technology and not having to print much money anymore since a lot of countries are already going cashless anyway, that may be a step towards wanting to embrace blockchain technology but I guess we have to see how it goes.

I do foresee that they will create their own cryptos but they cannot succeed with that as core part of cryptos is decentralization when it is not being featured in one system then it may fail in short run itself.

[marsmyname]

A few countries and central banks have been talking about “digital currency”, and most of them are carefully ignoring the term “crypto”. Fact is- digital currency is not the same as the cryptocurrency. These countries/central banks are recognizing the benefits of the digital currency features of cryptocurrency, but they don’t want any of the decentralized uncertainties that come with blockchain-based currencies.
Will countries or central banks create their own cryptocurrency?

I think so. Central bank countries around the World must have plans to create their own crystals in their country. Because these banks know that the digital currency is very profitable for each person and even the state. We'll see the progress later.

If all the central banks started issuing the crypto currencies, then there will be very less advantages left for the users because now bitcoin is not owned by any central bank so it is providing the maximum benefits to the people and there are already Research and development is working on more new ideas to get the easiness for the people. Countries will not offer these things and also will put more restrictions into this, then the countries with more population will have the more popular currency. These things are going to create a lot of questions for countries backed cryptos.

[anntlevel]

Some countries have already launched their own cryptocurrencies and more will be joining in the future. Cryptocurrencies are traditionally decentralized and not even the government's central bank can control it but this is also one of the reasons why some governments wants to create own virtual coin. Some central banks thinks that they would also benefit from creating their own cryptocurrency because it impossible to counterfeit because it is cryptographically secured and can't be copied.

Yeah, cryptocurrencies like petro and co. I am not sure how this is going to fly knowing that these are going to be centralized anyway but I am really eager and trying to see how it is all going to play out. I believe a lot of countries are surely going to be adopting the blockchain technology to see how they can benefit from it, and for that fact, it would really help a lot in the economy of such countries, well, if they use it well.

[SHawk]

If Venezuela, Switzerland, Japan and few others like that are already planning having their own cryptocurrencies, we should realize they have initially supported Bitcoin and its features on Block chain. These countries are advanced for culture sake and so, technologically inclined. How many countries around the world knows indepthly what Bitcoin entails, not to talk of supporting it or creating their own Cryptos. May be, later in future when this awareness had circulated enough and many of the undeveloped and less developed ones had developed, creation of their own cryptocurrency can then be achieved

[carlisle1]

A few countries and central banks have been talking about “digital currency”, and most of them are carefully ignoring the term “crypto”. Fact is- digital currency is not the same as cryptocurrency. These countries/central banks are recognizing the benefits of the digital currency features of cryptocurrency, but they don’t want any of the decentralized uncertainties that come with blockchain-based currencies.
Will countries or central banks create their own cryptocurrency?

i believe that theres a country that created his own cryto,but im not sure though i dont think thiis is appropriate for each country or banks creating cryptocurrency because the essence of coins will be dishonorably because the privacy of every coins and the users would be at stakes.better for them to support a coin here,and dont out theyre own head inside the box

[cryptoalfs76]

A few countries and central banks have been talking about “digital currency”, and most of them are carefully ignoring the term “crypto”. Fact is- digital currency is not the same as cryptocurrency. These countries/central banks are recognizing the benefits of the digital currency features of cryptocurrency, but they don’t want any of the decentralized uncertainties that come with blockchain-based currencies.
Will countries or central banks create their own cryptocurrency?

Actually as far as i know,that there is aggrement between the cryptocurrency and central banks to collaborate there resources to serve for economic growth of there own country just like happen now in  my own country that central bank are  willing to accept the virtual  currency system as part of the economic  growing and not to make there own  digital currency system that can adversary the original cryptocurrency.

[MMM005]

In my opinion, Countries or central banks maybe create their own cryptocurrency, But it depends on the country and its measuring of progress.

few countries now, then almost all countries but it's not the suitable time. I think countries/central banks have a fear of cryptocurrency, Anyway cryptocurrency will be the future!

[Cherrybomb]

The tv was well-known on the trend of bitcoin so the bank was willing to go about it currency is not the same as cryptocurrency. These countries/central banks are recognizing the benefits of the digital currency future.

[alroys]

it could happen, because the times progressed and more modern .. of course a country and the central bank will make new innovations to compensate for the advancement of the times. Currently Bitcoin as the digital currency of its existence is increasingly widespread and growing, it is possible that will be motivated by a country and central banks to create their own cryptocurrency.

[Rustamm]

Many states and central banks will soon create their own centralized crypto currency, which can be fully managed, as opposed to the existing decentralized crypto currency. They will try to confuse people, and since they can not stop the general introduction of a decentralized crypto currency, they will try to shift people's interest in using their centralized coins. After all, the total mass of people is still difficult to understand the differences of these crypto-currencies. Decentralized and centralized digital coins will walk for a long time in parallel with each other and this will be a good competition for the championship.

[fiorilia]

I think this is a good thing. Indeed some countries have such discourse and only a few are already realized. This I think would be useful for the future of later and seemed to indirectly also supports the existence of crypto.

[mutrang23]

I have read articles that say that many countries and central banks are planning to create their own Crypto because Blockchain is becoming more and more popular. Crypto increasingly affects the investment trends of the investors in the world. Many countries and banks are trying to trending.

[omar bakrie]

A few countries and central banks have been talking about “digital currency”, and most of them are carefully ignoring the term “crypto”. Fact is- digital currency is not the same as the cryptocurrency. These countries/central banks are recognizing the benefits of the digital currency features of cryptocurrency, but they don’t want any of the decentralized uncertainties that come with blockchain-based currencies.
Will countries or central banks create their own cryptocurrency?

I'm sure someday the countries around the World will create their own cryptocurrency in their country. Those who do not like Bitcoin will have a way to keep people from entering Bitcoin and joining their own crypto. I believe this can happen.

[Palmholder]

   Head of russian Central Bank Elvira Nabiullina told she plans to create crypto ruble last year, but noone rushes to do it nowadays. Ministry of Finance has different opinion, crypto ruble may threat secret financial flows, they think.
   Anyway if Central Bank will ever create nation crypto currency it will has not bitcoin's features, it will not provide anonymity, will not be mineable

[cheeseandcrackers]

I think they're going to have to try and create their own cryptocurrencies because as time goes on people are going to move away from using banks in general.  I mean, it took me three weeks to send money somewhere once, what kind of bullshit is that?  I had to pay fees as well, to wait three weeks to be allowed to use my money the way I wanted.  Crypto changes the game, and it scares the shit out of the banking industry, as it should.  Some things need to be torn down so that better things can be rebuilt in their place, and the banking system is one of the worst things about the entire planet.

[Burogh]

A few countries and central banks have been talking about “digital currency”, and most of them are carefully ignoring the term “crypto”. Fact is- digital currency is not the same as cryptocurrency. These countries/central banks are recognizing the benefits of the digital currency features of cryptocurrency, but they don’t want any of the decentralized uncertainties that come with blockchain-based currencies.
Will countries or central banks create their own cryptocurrency?

I think central banks just want digital currency and not cryptocurrency. Cryptocurrency always decentralized and off course central bank can not control it. Central banks always want to control money supply and I dont believe they will make cryptocurrency that they can not control like cryptocurrency

[Ca.ming14]

I think it's possible,  since banks and other countries recognise what Cryptocurriencies can bring to people, other countries and even social flatform started to ban decentralise cryptocurrencies. So, in my opinion it might happen.

[3la9l_kolbaCa]

As I can remember, there is a country that tried to make their own digital currency. I do not know what really happened but I think that is not released. Countries will be making their own crypto currency since it is the future of money. In the future we can see digital currencies used by almost all of the people in the world not as an asset but as a common currency.

I see also that other countries really tried to make their own cryptocurrencies and they name it as digital money instead. Maybe they oversee that soon it will run all over the world the cryptocurrencies. Although it happens now a days but only few people knew on how to use it but sooner it will totally implemented by the help of government.

[molenracing]

It is possible to see the current rapid development of Cryptocurrency, probably to motivate a country or Central Bank to create their own Cryptocurrency. because I think the emergence of Cryptocurrency world is a sign that the era is more modern, and if the state wants to come into this world must create crytocurrency. Let the country can advance more rapidly.

[giffen]

   Head of russian Central Bank Elvira Nabiullina told she plans to create crypto ruble last year, but noone rushes to do it nowadays. Ministry of Finance has different opinion, crypto ruble may threat secret financial flows, they think.
   Anyway if Central Bank will ever create nation crypto currency it will has not bitcoin's features, it will not provide anonymity, will not be mineable

Based on the info I encounter the work is actively in progress. Bank of Russia and some major commercial banks are working together on a national ethereum-based blockchain called Masterchain.

According to the BIS classification (https://www.bis.org/cpmi/publ/d174.htm) this concept looks like wholesale CBDC. It will help facilitate payments in financial markets and interbank transactions.
I think that creation of a wholesale CBDC is a question of near future. Unlike a general purpose digital currency which could act as a substitute for cash/commercial bank money and would require much more research and regulatory changes.

Concerning the Finance Ministry, they have introduced a draft of law recently which would effectively enable doing ICOs in Russia. Not sure which secret flows you mean though, but from what I see they look at crypto even more favorably than the central bank.

[Birin016]

I don't think if central bank can make their own currency, because make own currency need a permission from government on their countries .if government accept ,then they can make own currency. But i dont think their currency will be work for global payments

[Snaic]

We are already witnessing that some countries are trying to create and create their own centralized crypto currency. Therefore, there is no doubt that they will continue to do so in the future. The most famous so far is the Venezuelan coin of Petro, which is provided with oil. So far, it has been fairly successful. Centralized digital coins of other states are not so popular. I'm still expecting the release of centralized digital coins in China and Russia to see how much these coins will be successful and how they will compete with decentralized crypto currency. This is a very interesting question, which will greatly influence the future of the entire crypto currency. However, these big states are not yet in a hurry to create them, or they have become convinced of their inefficiency.

[Alpinat]

A few countries and central banks have been talking about “digital currency”, and most of them are carefully ignoring the term “crypto”. Fact is- digital currency is not the same as cryptocurrency. These countries/central banks are recognizing the benefits of the digital currency features of cryptocurrency, but they don’t want any of the decentralized uncertainties that come with blockchain-based currencies.
Will countries or central banks create their own cryptocurrency?

Well there is a big possibilities that this statement will happen there are some banks that are now clearing their doubts in cryptocurrency and that will leads to creating their own crypto coin and in the near future all people will be involved in cryptocurrrency.

[coinplus]

The tv was well-known on the trend of bitcoin so the bank was willing to go about it currency is not the same as cryptocurrency. These countries/central banks are recognizing the benefits of the digital currency future.

They are not actually blind to see the benefit that blockchain technology brings to the whole country in itself and it is obvious they are really going to be exploring this area in the long run.

Some countries are already trying to do this while some are already looking into it, so at the end, I believe this would somehow throw out the idea of paper currency as we see things get better and actually will help the country's development if adopted as there should be more transparency, accountability within the governmental and banking system.

[valentinen39]

A few countries and central banks have been talking about “digital currency”, and most of them are carefully ignoring the term “crypto”. Fact is- digital currency is not the same as cryptocurrency. These countries/central banks are recognizing the benefits of the digital currency features of cryptocurrency, but they don’t want any of the decentralized uncertainties that come with blockchain-based currencies.
Will countries or central banks create their own cryptocurrency?

Yes they might create their own cryptocurrency in the future since bitcoins today is growing even more in the market and popularity in social media's are everywhere so investing today will make you rich in the future.

[Ishiro5]

Creation of national digital currencies may eventually become inevitable for governments as part of the step to their wanton desire to control things in the crypto space.

[BitProCoin]

This is possible to happen in a country having actively participating in cryptocurrency if the government will accept to legalized the digital currency as part of the national currency in the there country.

[naidray]

I think this is a good thing. Indeed some countries have such discourse and only a few are already realized. This I think would be useful for the future of later and seemed to indirectly also supports the existence of crypto.

We are still in the early stage and I am sure some countries will actually adopt the technology faster than the other based on how they are eager to grab and make it functional within the banking system. Over time, once few countries starts, the others will use them as a case study and then we will start seeing others taking the action as well. We all know the countries with fewer infrastructures will always be the last on the scene anyway but I believe this is something we will get to see over time.

This is possible to happen in a country having actively participating in cryptocurrency if the government will accept to legalized the digital currency as part of the national currency in the there country.

In my understanding, countries may first try their own cryptos first and after that they will realize the importance of having a common crypto (similar to euro). So, there are interesting years ahead for sure.

[NeeNts]

I believe some countries have already started creating their own crypto coins. I read already there are many corporate crypto coins are finding success like ripple. Then why not government may try creating their own coins ?

[Cryptoproff]

I think it's possible. They can make and release their own digital currency, but the main point here is if it will be useful for their banks and if people will appreciate this digital currency.

[Averim]

A few countries and central banks have been talking about “digital currency”, and most of them are carefully ignoring the term “crypto”. Fact is- digital currency is not the same as cryptocurrency. These countries/central banks are recognizing the benefits of the digital currency features of cryptocurrency, but they don’t want any of the decentralized uncertainties that come with blockchain-based currencies.
Will countries or central banks create their own cryptocurrency?

This is an idea that i like, banks creating their own cryptocoin, it would be hilarious, considering all their critics, but in the same time it would be amazing, that would be a power exercise for blockchain tech.

[redsap]

yeah it may be happen, in this kind of situation right now and cryptocurrency is a future tech that we can't mess up and can developing into it full development

[multic2012]

In Venezuela already has its own crypto currency ElPetro, here's an example for you !! It seems to me that after that, other countries will also create their own crypto currency. So this is the future.

[beerlover]

it could happen, because the times progressed and more modern .. of course a country and the central bank will make new innovations to compensate for the advancement of the times. Currently Bitcoin as the digital currency of its existence is increasingly widespread and growing, it is possible that will be motivated by a country and central banks to create their own cryptocurrency.

This is digital age and obviously everything is gradually beginning to go digital even as we see money beginning to enter the evolution phase as well. So many countries have already stated the obvious that blockchain technology is the future and they are ready to embrace it.

Now, I am not sure how other cryptocurrencies will fill this space since they are decentralized but even with the countries having their own system, it would still end up centralized but with so many opportunities for the country if this is adopted.

[ahmad21]

Yes, the countries which have negative attitude towards Bitcoin or other cryptocurrencies can create their own cryptocurrency for the investors in their countries. This will be mostly done by those countries which do not want to lose their power on this financial system. When the countries will create their own cryptocurrencies then these will be regulated and the power will be in the hands of government only.

[Freddie Aguiluz]

I don't think any country will create a fully public, P2P, blockchain-based cryptocurrency. Instead they will create currencies on blockchain platforms that are permissioned and that can be controlled.

I think it will be useless for banks to create their own cryptocurrencies, banks can't do anything from stopping digital currencies from destroying banks.

[Sled]

I think that they will do it for sure like for example the, ripple which is the centralized cryptocurrency which is owned by the bank because the majority of the supply are in the banks and they are the manipulator of the price so we can say that we will be going to see more of like ripple cryptocurrency in the future.

[b3j0]

Blockchain technology is not just about bitcoin. they can use this technology for speed and security of transactions. they can use the technology for public convenience.

[hawkins]

The cost of printing more paper notes will continue to increase and every alternative will want to be harnessed in other to reduce that cost and if crypto would do that after several consultations they would go for it.

if they are interested, maybe it will happen. but, I think the odds are they will only support a project, or a coin for that. because when they develop cryptocurrency, they will make rivals for fiat.

[Dudeperfect]

Yes, there are some signs from the government that we might see something blockchain based currencies by the governments and as we all know, there are some banks already testing blockchain technology to optimize their transactions. However, it doesn't make any sense to me that centralized authorities are launching their blockchain based currencies because the core principle of blockchain is all about decentralization and I am sure that government won't lose the majority of the stake from such projects.

[BossMacko]

I bet they will soon start to make their own cryptocurrency or they can integrate crypto in their system because lots of money are circulating right now in crypto industry and i bet they are eager to enter this industry. But i've still seeing news in my country that central banks are spreading bad news about cryptos.

[jatin729]

This is possible in coming future but before regulation must be there because govt. can't control decentralize currency (P2P currency).
But if countries have come up with their crypto than trade will be more easy between nations,  But there will be problem how govt. will control the inflation rate of crypto.
  

[_AlexX]

Technically the USD could be moved into Blockchain and become a crypto currency. I do not see how this would not be possible.
Can the US then still endlessly produce new USD coins? Most likely.
Does it solve any real problem? No.
Will this be the end of Bitcoin etc.? I don't think so.

I personally did not move into crypto just because of the technology but because of the ideology and a bank or government issued token will simply never satisfy this. No matter what technology they put behind. Of course a simple blockchain transaction would be preferred compared to annoying international wire transfers but that is just usability and I don't believe that usability was the driver for cryptocurrencies all alone.

[irpunfpp]

I think that banks are already aware of the importance of digital money, maybe they intend to create digital currencies that belong to their own countries, but we think that the digital currency created by the bank is actually similar to the French currency. It is a central currency that is not really encrypted.

[stephanirain]

A few countries and central banks have been talking about “digital currency”, and most of them are carefully ignoring the term “crypto”. Fact is- digital currency is not the same as cryptocurrency. These countries/central banks are recognizing the benefits of the digital currency features of cryptocurrency, but they don’t want any of the decentralized uncertainties that come with blockchain-based currencies.
Will countries or central banks create their own cryptocurrency?

In my own personal opinion, countries or central banks won't create their own cryptocurrencies because most of them are against of bitcoin and cryptocurrencies. But i think soon enough they will change their mind and it is possible for them to create their own cryptocurrency.

[_AlexX]

A few countries and central banks have been talking about “digital currency”, and most of them are carefully ignoring the term “crypto”. Fact is- digital currency is not the same as cryptocurrency. These countries/central banks are recognizing the benefits of the digital currency features of cryptocurrency, but they don’t want any of the decentralized uncertainties that come with blockchain-based currencies.
Will countries or central banks create their own cryptocurrency?

In my own personal opinion, countries or central banks won't create their own cryptocurrencies because most of them are against of bitcoin and cryptocurrencies. But i think soon enough they will change their mind and it is possible for them to create their own cryptocurrency.

But are they against a blockchain based currency of their own as well or are they having issues that funds are changing ownership without them possibly knowing?

I think governments more then everyone else could benefit from having cryptocurrencies in use but it will never be bitcoin or any other altcoin and the currency will need to be controlled by them (which is possible, e.g. private blockchain with HL).

[mimienamphine]

Highly possible because when cryptocurrency becomes the most preferred currency by people all over the world,then central banks will be left with no choice but to create and fully accept cryptocurrency.This is the future and no one can stop change.

[upsidedown75]

Many states and central banks will soon create their own centralized crypto currency, which can be fully managed, as opposed to the existing decentralized crypto currency. They will try to confuse people, and since they can not stop the general introduction of a decentralized crypto currency, they will try to shift people's interest in using their centralized coins. After all, the total mass of people is still difficult to understand the differences of these crypto-currencies. Decentralized and centralized digital coins will walk for a long time in parallel with each other and this will be a good competition for the championship.

I read some news recently (cannot remember the country but I think in UK or so) trying to explore the usage of cryptocurrency and already working on something. I am sure this is the stage we will get in with the blockchain technology eventually.

It is obvious that so many countries are starting to research on the benefits that lies with the technology and before we know it, this would start becoming a trend among each countries coming up with theirs and the currency system going digital.

[PalindromemordnilaP]

That could be possible too because the government and banks can simply hire a group of people to make a crypto currency for them. This is really possible because the government and banks might get an idea from Ripple which is also a cryptocurrency that is backed with big banks across the globe.

[eroejoe]

Here is list of countries which launched or are going to launch their digital currency.
1. Ecuador
2. Tunisia
3. Senegal
4. Sweden
5. Estonia
6. China
7. Russia
8. Japan
9. Venezuela
10. Israel
according to https://www.verdict.co.uk/bitcoin-countries-digital-currency/ where you can se more informations.

We are moving from paper money to digital or crypto currencies with fast steps these days.

[d5000]

[State cryptocurrency watch]

This news item is about one week old:

Marshall Islands Officially Make Crypto Their Sovereign National Currency

Their new national cryptocurrency is called the Sovereign (SOV) and will be the official legal tender for businesses and the 53,000 citizens of the Pacific islands.

I guess it will be some kind of Tether-like "backed stablecoin", only that the issuer is a state and not a private business.

[PIR]

I don't think so, because in a first place they are against bitcoin because it some kind  threat to them losing their clients and investor it like a rival to them that is why in some country they banned bitcoin and for them it has effect in their economy.

[JessicaAshl]

Countries or Central Bank will try to create a digital currency but they will not keep it uncontrollable. Because the bank will try to keep tax on it.

[mia khalifa]

I think it could happen if the government or the country has seen and can assess the development of a good cryptocurrency and if the country has a clear cryptocurrency regulation then the bank or country can make its own cryptocurrency.

[Tukang Becak]

I think it's very possible and ideal, the world and the era must have changed and the presence of blockchain would be a solution to make it easier for anyone in the transaction, I'm sure cryptocurrency is the money of the future.

[udanemas]

A few countries and central banks have been talking about “digital currency”, and most of them are carefully ignoring the term “crypto”. Fact is- digital currency is not the same as cryptocurrency. These countries/central banks are recognizing the benefits of the digital currency features of cryptocurrency, but they don’t want any of the decentralized uncertainties that come with blockchain-based currencies.
Will countries or central banks create their own cryptocurrency?

I think It is possible countries or central banks will create their own crypto currency. Because Crypto is the future currency, It will be needed in the future.

[ruski]

I heard before already that some countries started to create their own centralized cryptocurrencies, and encouraging their citizens to use them, but the response is not encouraging right now, because most people dont believe in such centralized and controlled local currencies, and want to focus only with the decentralized crypto.

[cryptoalfs76]

A few countries and central banks have been talking about “digital currency”, and most of them are carefully ignoring the term “crypto”. Fact is- digital currency is not the same as cryptocurrency. These countries/central banks are recognizing the benefits of the digital currency features of cryptocurrency, but they don’t want any of the decentralized uncertainties that come with blockchain-based currencies.
Will countries or central banks create their own cryptocurrency?

will i never been heard a news feed  thats there some countries create  their own cryptocurrency in order to competite into the  first one running now cryptocurrency,otherwhile there some issue in the country of china,that they prohibited to enter some foreign ICO project,because they want to make their own cryptocurrency in there own country,but those collaboration about some country and central bank,i thinks that news is absurd.

[pernah ada]

it can happen, because they have authority from the government, maybe their goal is to create cryptocurrency to compete with bitcoin.

[lifetimebitcoins]

Sweden already created their own crypto coin called e-Krona. China and India both are planning to start their own coin                                                   

[Syakbrown]

in my judgment in the future this could happen because many countries want a tax for crypto transactions. then this indirectly they want it but must be in their control and can be detected, moreover there are already countries that want it directly.

[BlackBeauty]

in my judgment in the future this could happen because many countries want a tax for crypto transactions. then this indirectly they want it but must be in their control and can be detected, moreover there are already countries that want it directly.

Yes and secondly i think it will never beneficial as like bitcoin currency because bitcoin is giving a lot of benefits for people and that's why many people earn much more money and if banks ate create their own currency as like bitcoin so people will trust in bitcoin and invest in also this currency.

[MiXxe]

[State cryptocurrency watch]

This news item is about one week old:

Marshall Islands Officially Make Crypto Their Sovereign National Currency

Their new national cryptocurrency is called the Sovereign (SOV) and will be the official legal tender for businesses and the 53,000 citizens of the Pacific islands.

I guess it will be some kind of Tether-like "backed stablecoin", only that the issuer is a state and not a private business.

This will only happen when the government of a specific country accepted the use of cryptocurrency.
Actually i dont know why they are so much against it. But I do believe that it is possible that they will be the ine who shall issue that.

[intoy_victor]

To make an altcoin is need a big fund to have a own crypto coin. Like Many Pacquiao are planing to make his own crypto coin and it will named by his name to. The "Pac coin" but I don't know he will countinue his plan.

[slyfox]

A few countries and central banks have been talking about “digital currency”, and most of them are carefully ignoring the term “crypto”. Fact is- digital currency is not the same as cryptocurrency. These countries/central banks are recognizing the benefits of the digital currency features of cryptocurrency, but they don’t want any of the decentralized uncertainties that come with blockchain-based currencies.
Will countries or central banks create their own cryptocurrency?

They will eventually do something like that but no one will care after all if you are using fiat why would you like to hold a cryptocurrency issued by your governments, it does not make a lot of sense if you ask me, and if you are holding cryptocurrencies why are you going to need to use such coins when you already have a product that is way better.

[Linhkej]

A few countries and central banks have been talking about “digital currency”, and most of them are carefully ignoring the term “crypto”. Fact is- digital currency is not the same as cryptocurrency. These countries/central banks are recognizing the benefits of the digital currency features of cryptocurrency, but they don’t want any of the decentralized uncertainties that come with blockchain-based currencies.
Will countries or central banks create their own cryptocurrency?

I do not think they will create their own electronic money, instead, they will cooperate with Crypto companies to expand their business model.
I think that is the best option because the banks have been listed on the stock market. They have enough capital to carry out their business and investment strategies, so they will not need to be listed on the Crypto market anymore.

[jamids]

in my judgment in the future this could happen because many countries want a tax for crypto transactions. then this indirectly they want it but must be in their control and can be detected, moreover there are already countries that want it directly.

They will create their own blockchain if they can see that it is more advantageous for them if they create a cryptocurrency that they can control compared to the existing cryptocurrencies that they can't control. At least if they make their own private blockchain then they would be able to monitor the transactions and corruption in the government would be lessened or be totally eliminated. They cannot eliminate the fiat though because of some limitations like some people cannot access it or would not know how to use the gadgets so fiat would still be needed for them to have access to funds.

[lekegami]

While governments are wary of creating their own crypto currencies. They have not yet decided on the general policy in the crypto market and what consequences for them can from its development.

[Pinoyfan]

A few countries and central banks have been talking about “digital currency”, and most of them are carefully ignoring the term “crypto”. Fact is- digital currency is not the same as cryptocurrency. These countries/central banks are recognizing the benefits of the digital currency features of cryptocurrency, but they don’t want any of the decentralized uncertainties that come with blockchain-based currencies.
Will countries or central banks create their own cryptocurrency?

That a good thing for every country that accepting cryptocurrency. Cause its is good at their economy and technology in the right now is that they are just my opinion the world at large, and the future. Cause we have to invest, and the future. Cause I am enjoying reading this way to invest it. I am enjoying a countries, but I believe right now.

[Vatimins]

A few countries and central banks have been talking about “digital currency”, and most of them are carefully ignoring the term “crypto”. Fact is- digital currency is not the same as cryptocurrency. These countries/central banks are recognizing the benefits of the digital currency features of cryptocurrency, but they don’t want any of the decentralized uncertainties that come with blockchain-based currencies.
Will countries or central banks create their own cryptocurrency?

     Yes, I have also observed this. In fact, I do believe that there really is a big possibility that the governments and the banks in various countries may just go and make their own version of digital currencies that are somewhat same with the current crypto currencies that are present in this industry today. This is to enjoy the innovation that the cryptos bring without the uncertainties and to divert the people's attention from cryptos to digital money by fooling them that the two are the same.

[trand]

A few countries and central banks have been talking about “digital currency”, and most of them are carefully ignoring the term “crypto”. Fact is- digital currency is not the same as cryptocurrency. These countries/central banks are recognizing the benefits of the digital currency features of cryptocurrency, but they don’t want any of the decentralized uncertainties that come with blockchain-based currencies.
Will countries or central banks create their own cryptocurrency?

     Yes, I have also observed this. In fact, I do believe that there really is a big possibility that the governments and the banks in various countries may just go and make their own version of digital currencies that are somewhat same with the current crypto currencies that are present in this industry today. This is to enjoy the innovation that the cryptos bring without the uncertainties and to divert the people's attention from cryptos to digital money by fooling them that the two are the same.

I agree

[Kakawate]

A few countries and central banks have been talking about “digital currency”, and most of them are carefully ignoring the term “crypto”. Fact is- digital currency is not the same as cryptocurrency. These countries/central banks are recognizing the benefits of the digital currency features of cryptocurrency, but they don’t want any of the decentralized uncertainties that come with blockchain-based currencies.
Will countries or central banks create their own cryptocurrency?

In my opinion, as the world evolves to a better and a more convenient one, theses new technologies are the ones to back it up, now if the world is enjoying the advantage of this cryptocurrency system, then I don’t see why not only a country, but the whole world should adapt it.

[sana54210]

While governments are wary of creating their own crypto currencies. They have not yet decided on the general policy in the crypto market and what consequences for them can from its development.

Mostly those countries are thinking over this who have been involved in bitcoin and other cryptocurrencies for long time. Like japan and Korea and few others. But those who even didn’t allow their citizens to utilize this chance and make money through this coins, how can even think of making their own crypto. This is light of success who isn’t available for everyone rather only few get enlightened.

[CryptoManiac3]

I wouldn't be surprised. If you can't beat them join them right? I mean, there's already ripple. If cryptocurrencies gets strong enough I don't think governments will have a choice, including those that have banned cryptocurrencies. It would only be a matter of time.

[JeramiParan]

Theres a possibility that central banks create their own cryptocurrency if they adopt the system. Bitcoin is very known today, if i were a bank owner thinking about the profit then i must accept bitcoin and its system.

[Cotton Candy]

A few countries and central banks have been talking about “digital currency”, and most of them are carefully ignoring the term “crypto”. Fact is- digital currency is not the same as cryptocurrency. These countries/central banks are recognizing the benefits of the digital currency features of cryptocurrency, but they don’t want any of the decentralized uncertainties that come with blockchain-based currencies.
Will countries or central banks create their own cryptocurrency?

Maybe yes after 50 years or.more because if they see that qll the people are using the digital coins of course there.qill no one using the banks so the thing is the cash will be extinct in that time and the bank will cope up with the new thing which is the digital money and they will create their own money and be competitive with some other coins of course they will always represent a country and the people will start using them because if they will do it now not all people will use.

[EnricoGomez]

Yes, pretty sure they are most likely to. We have transitioned over the digital era which obviously means everything is digitalized. It is not a distant thought to actually digitalized money. Cryptocurrencies really have the advantage compared to the traditional fiat which is commonly considered but they have to put it to thought that it is most likely to be used in illicit activities.

[BeGoods]

While governments are wary of creating their own crypto currencies. They have not yet decided on the general policy in the crypto market and what consequences for them can from its development.

I think they will not do that, they hesitate to create a crypto because their system is different from the government's financial system. even though the government is a developer they will not be able to be a controller in their own crypto, since the crypto system itself is decentralized

[popoyuyun]

Maybe they will do that but they also have to compete in this crypto world. Because it is not easy to compete with other crypto currency.

[Sled]

While governments are wary of creating their own crypto currencies. They have not yet decided on the general policy in the crypto market and what consequences for them can from its development.

I think they will not do that, they hesitate to create a crypto because their system is different from the government's financial system. even though the government is a developer they will not be able to be a controller in their own crypto, since the crypto system itself is decentralized

It depends on the type of cryptocurrency because even it is called a cryptocurrency then there is still an option for itself to be decentralized or centralized. Just like Ripple, which is one of the well known and one of the top cryptocurrency, overall, it is a centralized cryptocurrency because it is more on into banks.

[supercanada1]

Theres a possibility that central banks create their own cryptocurrency if they adopt the system. Bitcoin is very known today, if i were a bank owner thinking about the profit then i must accept bitcoin and its system.

But even if the central banks create their own currency, it will not be Bitcoin and another type pf technology. Even if you are allowed to invest in the currency issued by the central bank, you might know nothing about Bitcoin if you move to a country where Bitcoin is legal. I think there should be a same decentralized system of Bitcoin which will enable the users to use it anywhere around the world.

[ROB18]

There is a possibility that banks will do this. I remember attending  a seminar in one of the top university in the Philippines and they quoted that central bank is very much interest in the blockchain technology as it possess a lot of aspects to facilitate government processes efficient and cost effective. But with regards to crypto, I'm sure they will venture to it on a manner that they have a proper regulation. Let see

[BlackBeauty]

There is a possibility that banks will do this. I remember attending  a seminar in one of the top university in the Philippines and they quoted that central bank is very much interest in the blockchain technology as it possess a lot of aspects to facilitate government processes efficient and cost effective. But with regards to crypto, I'm sure they will venture to it on a manner that they have a proper regulation. Let see

Yes i think they will create their own digital currency because they saw to people that how people take interest in bitcoin so that's why banks will create a crypto currency but i know it will never beneficial as like bitcoin and people will fear from it and that's why banks crypto currency will fail in short period.

[Polkadott]

in my country The central bank is reviewing the existence of cryptocurrency and blockchain and I think this can happen. creating a digital currency for their own country whose prices are not easily changed

[thecoder2017]

Maybe some countries are planning to create their own crypto currencies but they must be equipped with that modern blockchain technology because its different from fiat money so maybe they will have a hard time to implement their own coins.

[Indai24]

Maybe some countries are planning to create their own crypto currencies but they must be equipped with that modern blockchain technology because its different from fiat money so maybe they will have a hard time to implement their own coins.

Yes I believe some countries may create their own cryptocurrency but I guess it's gonna be hard for them to create their own. It needs to have a thorough research and must be studied as well.

[slyfox]

A few countries and central banks have been talking about “digital currency”, and most of them are carefully ignoring the term “crypto”. Fact is- digital currency is not the same as cryptocurrency. These countries/central banks are recognizing the benefits of the digital currency features of cryptocurrency, but they don’t want any of the decentralized uncertainties that come with blockchain-based currencies.
Will countries or central banks create their own cryptocurrency?

I do not think they will create their own electronic money, instead, they will cooperate with Crypto companies to expand their business model.
I think that is the best option because the banks have been listed on the stock market. They have enough capital to carry out their business and investment strategies, so they will not need to be listed on the Crypto market anymore.

If governments are smart they are not going to delegate the responsibility and the privilege to print money to anyone else, if you take the time to think about what makes governments powerful you will soon realize they are that powerful, not only because of their size and the amount of information they have about you, they are powerful because they can print money.

[tikanurqaidah]

in my country Bank Indonesia claims to be reviewing the use of modern integrated transaction logging technology (blockchain), including reviewing to issue the central bank digital currency (CBDC) for domestic payment system. this is very good because the times of this all sophisticated is very needed

[lehuong]

Central banks do not like to hear about cryptanalysis because the bank itself will not manage as well as control the financial situation and the total number of btc that people are holding.

[Alns]

 Banks would never accept cryptocurrency being that way they are right now, so they need to change their statements for the first step

[spongegar]

I'm pretty sure they'll do that. Since both banks and countries have resources enough to pull it off. The coin is pretty much useless without a project and both a country and bank could provide one. Imagine a country or bank having they're own wallet to do and exchange with. That's actually awesome.

[Bitcoincole]

You should watch the show Mr Robot. In the season 2 it goes full crypto, and there is a way of governments vs Bitcoin. The script predicts what I was predicting myself, and that is, a future in which governments want to control 100% what you do with no possible notions anymore for privacy, except they didn't count with bitcoin delivering financial freedom.

They have a cryptocurrency (developed by E Corp) that is closed source and they control everything and they hate Bitcoin since it bursted their Orwellian dream's bubble.

Whoa.. Mr.Robot seems to be the new fap - material
To the OP, countries have already started to create their own coins but who gives a shit. It will never come close to bitcoin due to obvious reasons. There ain't no shit to worry about.

I think anything is possible for different countries or central bank to create their own cryptocurrency since they have the power, the influence and the resources to do so. However, it may take a lot of time but still not impossible to be realized.

[BitcoinMarketer39]

A few countries and central banks have been talking about “digital currency”, and most of them are carefully ignoring the term “crypto”. Fact is- digital currency is not the same as cryptocurrency. These countries/central banks are recognizing the benefits of the digital currency features of cryptocurrency, but they don’t want any of the decentralized uncertainties that come with blockchain-based currencies.
Will countries or central banks create their own cryptocurrency?

Those banks should not ignore cryptocurrency because it is a threat to their business, if every people in the world chooses to use cryptocurrency more than placing their fiat or cash in the banks then they will lose a huge amount of profit or earnings from tax and government will be affected.

[Raufjoze]

most people do not believe in a centralized and controlled local currency, and just want to focus on decentralized crypto and I've heard before that some countries are starting to create their own centralized cryptocurrency, and encourage their citizens to use it, but the response is not encouraging now

[Scripture]

Im thinking of this last time. I guess they can create their own cryptocurrency based on their local currencies and use them for cryptocurrency transaction from country to country. In this way, countries will require to have a local crypto and it would be legal all over the world.

[jmigdlc99]

A few countries and central banks have been talking about “digital currency”, and most of them are carefully ignoring the term “crypto”. Fact is- digital currency is not the same as cryptocurrency. These countries/central banks are recognizing the benefits of the digital currency features of cryptocurrency, but they don’t want any of the decentralized uncertainties that come with blockchain-based currencies.
Will countries or central banks create their own cryptocurrency?

Have you seen how Venezuela's "petro" cryptocurrency panned out? It was a flop worse than your average shitcoin ICO.

The problem with the idea of each country creating their own crypto is that it contradicts the purpose of cryptocurrencies in the first place. Crypto was designed to be borderless and free from centralization. Crypto is here to make the world a better place and not be a rehashed version of our current financial system.

[squog]

I really they aould especially if they have the resources for it. With countries and multinational companies, they can easily pump up the prices and actually maintain it till a number of investors can do it themselves. Of course countries could opt to ban any other crypto currencies do that their currency will be the only one in the market.

[Alns]

 I think they just would be forced to invent something otherwise they would just be killed by new transforming economy of crypto

[spyerf]

A few countries and central banks have been talking about “digital currency”, and most of them are carefully ignoring the term “crypto”. Fact is- digital currency is not the same as cryptocurrency. These countries/central banks are recognizing the benefits of the digital currency features of cryptocurrency, but they don’t want any of the decentralized uncertainties that come with blockchain-based currencies.
Will countries or central banks create their own cryptocurrency?

yes i think it can happen, its definitely its use is more controllable. but may not be in the near future, as digital currencies are currently unacceptable across countries.

[BulbaLord]

I dont think it can be happen .there are so many things to do to have their own cryptocurrency . But i think they can try . Nothing is imposible . Right ?

[localcrypto]

most of the central banks are on the discussion to create their own coins in the market own cryptocurrency is nothing but fiat currency in digital form

[hsyncl]

I think they should definitely take their crypto money. The countries have developed very little in this respect and they have certainly gained a great source of income. I hope someone will take the initiative and come back.

[LuciferEveningStar]

A few countries and central banks have been talking about “digital currency”, and most of them are carefully ignoring the term “crypto”. Fact is- digital currency is not the same as cryptocurrency. These countries/central banks are recognizing the benefits of the digital currency features of cryptocurrency, but they don’t want any of the decentralized uncertainties that come with blockchain-based currencies.
Will countries or central banks create their own cryptocurrency?

Yes they will probably create their own coin as well in order to compensate with the market of cryptocurrency because bitcoins is a threat to their business and nothing can stop it unless they will increase the scale of time depositing on the banks that will start attracting the investors just like cryptocurrency.

[jademaxsuy]

Yes there are banks nowadays participating in the exchange of crypto and fiat money. These banks had already adapted the cryptocurrency and their job is that to get a transaction fee on the process of exchange. The likes of this bank will surely get a good profit and for sure many will follow also as to make a competitions regaring with the exchange of crypto to fiat money.

[$anounimus$]

yes of course it seems that the development of technology and the development of digital currency certainly the government has a desire to create cryptocurrency but it seems the government should have a clear and very useful cyrptocurrency development for the people.

[shinharu10282016]

A few countries and central banks have been talking about “digital currency”, and most of them are carefully ignoring the term “crypto”. Fact is- digital currency is not the same as cryptocurrency. These countries/central banks are recognizing the benefits of the digital currency features of cryptocurrency, but they don’t want any of the decentralized uncertainties that come with blockchain-based currencies.
Will countries or central banks create their own cryptocurrency?

Isn't this contradicting the very essence of DECENTRALIZATION as it makes up the 70% meaning of CRYPTOCURRENCY? I mean, if someone is governing something then that is CENTRALIZATION.

The complete opposite of DECENTRALIZATION right? For that, if a country makes its own cryptocurrency, it will be similar to bitconnect or any other centralized organizations here as well.

Plus the fluctuations in the market of crypto can totally ruin investments don't you think? Especially at the start of 2018 where all newbies who invested in crypto in December 2017 said hi to big losses all of a sudden.

Yes there are banks nowadays participating in the exchange of crypto and fiat money. These banks had already adapted the cryptocurrency and their job is that to get a transaction fee on the process of exchange. The likes of this bank will surely get a good profit and for sure many will follow also as to make a competitions regaring with the exchange of crypto to fiat money.

But that doesn't mean they want to create their own.

Even in my own country, the banks here just want the Decentralized apps for example the Ethereum Blockchain offers. ^_^

[webdevmastery]

A few countries and central banks have been talking about “digital currency”, and most of them are carefully ignoring the term “crypto”. Fact is- digital currency is not the same as cryptocurrency. These countries/central banks are recognizing the benefits of the digital currency features of cryptocurrency, but they don’t want any of the decentralized uncertainties that come with blockchain-based currencies.
Will countries or central banks create their own cryptocurrency?

There is a huge chance for banks to create their own coin and make a way to  have their own profit from cryptocurrency because they cannot place taxes on the market and bitcoins is also a threat to their business due to the decision of different people who are preferring to invest on cryptocurrency more than placing their money on the banks.

[senin]

States will issue their own centralized digital currency. They do not have any sense in issuing crypto currency, which they can not manage. This is quite logical. Most likely, they will issue digital analogues of their national money and these digital money will go along with national conventional money. I think it will be pretty good. It will be possible to take advantage of both types of money. Of course, centralized crypto currency will also be completely public, anonymity in it will be minimal, but at the level of peer-to-peer operations, I think it will remain. In any case, we will retain the right to choose what kind of crypto currency to use - centralized or decentralized.

[Realistmoon]

Theres a possibility that central banks create their own cryptocurrency if they adopt the system. Bitcoin is very known today, if i were a bank owner thinking about the profit then i must accept bitcoin and its system.

[jakoylantern]

For me, I think that counties or central banks have the ability to create their own cryptocurrency if they want. As I remember I read some articles that this country is trying to create their own cryptocurrency because they like the concept about bitcoin, but they want to put a tax on it, and they want to control it so that they know who is the person that using their crypto in illegal activities. But the effect of its just a regular currency because many crypto users think that the concept of freedom or decentralization will be loose. I also read that this state is now using digital currency and making the first cashless society in the world. 

[YCryptos]

This question can be answered in one word "No". This is not necessary not to the state not to people. People like crypto currency, which exists already at the moment, and it needs to be improved and promoted.

[Elseye]

As I know already many countries done some, most famous one is Petro coin. There were rumors about crypto-rubble but nothing happens yet.

[randyboy]

Maybe yes or maybe not because other banks do not leave behind in today's trend because a lot of people now are going to interest in this new platform we called crypto currency but banks think that they will not earn much money here so they make their own way.

[RAAAMA]

I think the possibility is there that government will create their own cryptocurrency or digital curreny. It is just like transferring the current fiat curreny into digital/crypto. Even our Central Bank (Philippines) is very keen on utilizing blockchain technology it it's processes. In due time, all Nation will venture in this technology as what the internet had done to all countries.

[Reagan_alvaro]

A few countries and central banks have been talking about “digital currency”, and most of them are carefully ignoring the term “crypto”. Fact is- digital currency is not the same as cryptocurrency. These countries/central banks are recognizing the benefits of the digital currency features of cryptocurrency, but they don’t want any of the decentralized uncertainties that come with blockchain-based currencies.
Will countries or central banks create their own cryptocurrency?

The lawmakers of South Korea are moving towards introducing the bill to legalize the limited number of newly launched ICOs that will be under government supervision. After banning the ICOs completely last year, South Korean companies took to abroad to launch their ICOs.

Continue reading: https://coingape.com/south-korea-bill-to-legalize-icos/

I think these countries / central banks recognize the benefits of the digital currency feature of cryptocurrency, but they do not want the decentralized uncertainty that comes with the blockchain-based currency.
Will the state or central bank create their own cryptocurrency?
Some countries and central banks have talked about "digital currency", and most of them carefully ignore the term "crypto". The fact is that digital currency is not the same as cryptocurrency.

[yangdd]

This is possible in coming future but before regulation must be there because govt. can't control decentralize currency (P2P currency).
But if countries have come up with their crypto than trade will be more easy between nations,  But there will be problem how govt. will control the inflation rate of crypto.

[boddy.dy]

This is possible that other countries or central banks will create their own crypt currency. Well as we know that there are a lot of coins and crypto currencies arise due to the popularity of bitcoin and others. It is because there is really a lot of profit here and all of us want to have this kind of system that can give a lot of profit. Others already did this, the not so good thing that they did is that they almost copied the other crypto currencies like bitcoin. They copied it then they just change something and develop something to make them say that this is different from the original.

[leostrong.mo]

Governments and central banks around the world are increasingly recognizing the potential of cryptocurrency!
The Venezuelan government created the first government-designed cryptocurrency!
In the future, more home countries will create their own cryptocurrency!

[BlackBeauty]

Governments and central banks around the world are increasingly recognizing the potential of cryptocurrency!
The Venezuelan government created the first government-designed cryptocurrency!
In the future, more home countries will create their own cryptocurrency!

Yes maybe they will create their own currency in future because digital currency is very profitable and that's why they think that it will give them a huge profit, but I think bitcoin will more popular in future than government's digital currency and people will on bitcoin.

[Joeyvicky]

As the future of cryptocurrency hopes to be decentralized, it will never be a surprise if countries and banks seeks to play an integral role in this digital currencies. As it stands now some countries have taken the steps in creating their digital currencies and that is a good sign that with time it will come to pass. My only concern will be that, for sure will this digital currencies by countries and banks not be subject to the same issue of our national currencies?

[Escan0r]

Depending on the thinking of the bank, it will have an impact on the bank if they make a crypto currency on behalf of their bank. Maybe that would be their last resort in making a crypto currency if they had lost competitiveness by another crypto currency.

[WhyBit]

This is possibility as some already working on it and few can do in near future but this could be not P2P as they are not controlled they will go with currencies on blockchain platforms that are permissioned and that can be controlled.

[kb24mvp]

While governments are wary of creating their own crypto currencies. They have not yet decided on the general policy in the crypto market and what consequences for them can from its development.

[moiseeva]

I think they're going to have to try and create their own cryptocurrencies because as time goes on people are going to move away from using banks in general.  I mean, it took me three weeks to send money somewhere once, what kind of bullshit is that?  I had to pay fees as well, to wait three weeks to be allowed to use my money the way I wanted.

[Muzika]

Somehow they can do that, if the trend became the essential in the future like todays fiat money maybe they will create a crypto that will be the flag bearer of a particular county in crypto world and I guess bitcoin will be the international monetary for cryptocurrency still.

[Chachen19]

Are the countries or central banks generating their own electronic money? We still can not say at the present time they have a lot of interests they do not like the electronic money they like the paper money they have

[eekkaa]

it seems that it could happen if the country or bank has a desire and some concept to develop the technology they will make their own cryptocurrency and I have also seen some banks that make cryptocurrency itself.

[pginvest]

It seems extremely unlikely to me that central banks and governments will want to give up control over money issuance. It is possible that some may introduce some form of digital currency, perhaps even using blockchain - but it will be controlled and permissioned.

[ExtremeFacials.com]

Probably if they would make a decision to create some kind of worldwide united, cryptocurrency and manage it, or the other option is just to accept the existing.

[blockman]

Somehow they can do that, if the trend became the essential in the future like todays fiat money maybe they will create a crypto that will be the flag bearer of a particular county in crypto world and I guess bitcoin will be the international monetary for cryptocurrency still.

They have the power to do that but they won't gamble their business to something decentralized by adopting a coin that they don't have the authority to control it.

They can create their own cryptocurrency but it can be a stable coin which is not volatile for the sake of their business and customers.  It will be a digital currency if they do that but there's no need for them to do it, they have online banking and adoption of blockchain is what they only need to do.

[budakjawa]

it seems like it could happen because I see a lot nowadays from the bank trying to make its own cryptocurrency but it can all succeed when the coin they make has a very useful usage.

[Domanity]

Yes, most likely it could happen. Cryptocurrency is the advancement of the Age and Technology, If a country and a Central bank do not follow it, then they will miss it. then Cryptocurrency has developed rapidly, of course this news will affect them, to immediately create cryptocurrency.

[Zachwolf]

You should watch the show Mr Robot. In the season 2 it goes full crypto, and there is a way of governments vs Bitcoin. The script predicts what I was predicting myself, and that is, a future in which governments want to control 100% what you do with no possible notions anymore for privacy, except they didn't count with bitcoin delivering financial freedom.

They have a cryptocurrency (developed by E Corp) that is closed source and they control everything and they hate Bitcoin since it bursted their Orwellian dream's bubble.

Whoa.. Mr.Robot seems to be the new fap - material
To the OP, countries have already started to create their own coins but who gives a shit. It will never come close to bitcoin due to obvious reasons. There ain't no shit to worry about.

Currency in every countries are already existing since they have their own economy. They are using traditional currency or the currency of there ancient that can help their daily needs in life.

[slyfox]

States will issue their own centralized digital currency. They do not have any sense in issuing crypto currency, which they can not manage. This is quite logical. Most likely, they will issue digital analogues of their national money and these digital money will go along with national conventional money. I think it will be pretty good. It will be possible to take advantage of both types of money. Of course, centralized crypto currency will also be completely public, anonymity in it will be minimal, but at the level of peer-to-peer operations, I think it will remain. In any case, we will retain the right to choose what kind of crypto currency to use - centralized or decentralized.

Cryptocurrencies created and backed by a state are becoming a reality since Venezuela created their own and it is possible some other countries do the same but what they do not seem to understand is that we are not investing in this market just because someone had an idea to create a new term like cryptocurrency, we are here because we finally have independence from them and their useless fiat.

[Naficopa]

Yes, most likely it could happen. Cryptocurrency is the advancement of the Age and Technology, If a country and a Central bank do not follow it, then they will miss it. then Cryptocurrency has developed rapidly, of course this news will affect them, to immediately create cryptocurrency.

In my opinion, they are already working on it. Maybe not everyone is talking about it openly, but they are definitely doing it. Only then will it be possible to call it a cryptocurrency if the idea of its creation was to become independent from banks.

[lajigly]

The Central Bank will certainly issue its own cryptocurrency. This is their territory and will not be easily transferred to the cryptocurrency.

[Baofeng]

The Central Bank will certainly issue its own cryptocurrency. This is their territory and will not be easily transferred to the cryptocurrency.

Of course, they can always create their cryptocurrency and most of them are really doing it right as this very moment. But its not that see at it seems. I don't think that it can get enough traction from its people because what most of us wanted is a decentralized coins, not any coins that they have the ability to control and track us down. Its fun to really central banks trying to put down bitcoin and other crypto but loves blockchain technology because they want to take advantage of and used it to have their own cryptocurrency.

[raahi]

Most of the powerful banks like Goldman Sachs have a fear of the disappearing value of fiat money has created their coin cryptocurrency to compete with bitcoin, so far no country alone has made its cryptocurrency, the USA is making progress towards this.

[oegarod]

Several countries have begun to make use of the blockchain understanding its value over the traditional system. Some were under development, in few countries teams were initiated to research about the true need of blockchain technology for the successful financial solution.

[Cherylstar86]

Well, on that situation its not easy to make it happen. First and foremost it takes time to make their own crypto currency which they need more supporters, investors and lastly time to make it all happend. Instead they will do such crypto currency that they are wishing for, I would say much better to keep focus on what they are doing because as well all know crypto currency is decentralized and no 3rd party will involve like banking system.

[MiXxe]

This is possible, however, we have to consider the timeliness in that speculation. We all know that it takes so much time, effort, legalities and money to be able to achieve make a digital money or what we call cryptocurrency to work and be accepted. Despite the fact that it will be launched by the central government, I don't think that people will easily embrace that because of adjustments.

[crypki21]

There are already existing national cryptocurrencies out there for instance in Venezuela. Where economy and local fiat currency is struggling, it might be a considerable way to cure the problem to a certain extent

[solkinsolali]

I personally don't think it will be a good idea for every bank to has it's own digital currency. In terms of the countries having its own digital currency, I will still have my reservations too. I would rather prefer the mass adoption of Bitcoin and other cryptocurrencies. Let the government support cryptocurrency and legalized. People should be free everywhere or any part of the world to use any cryptocurrency of their choice in transactions.

[Undermood]

Central banks can do that. They can even be blockchain-based. What is important is how many countries can do this? Perhaps more valuable money may arise in what you do. it will be easier to make money and invest in a government guarantee.

[Pinoyfan]

A few countries and central banks have been talking about “digital currency”, and most of them are carefully ignoring the term “crypto”. Fact is- digital currency is not the same as cryptocurrency. These countries/central banks are recognizing the benefits of the digital currency features of cryptocurrency, but they don’t want any of the decentralized uncertainties that come with blockchain-based currencies.
Will countries or central banks create their own cryptocurrency?

Central banks are not capitalism. The real problem here, I believe that this day of my account from a great way. Cause we should be great way my life, and the market. The only way I do not capitalism. The real world, but its not capitalism and it will do if they belong. Cause I think yes

[Ozero]

A few countries and central banks have been talking about “digital currency”, and most of them are carefully ignoring the term “crypto”. Fact is- digital currency is not the same as cryptocurrency. These countries/central banks are recognizing the benefits of the digital currency features of cryptocurrency, but they don’t want any of the decentralized uncertainties that come with blockchain-based currencies.
Will countries or central banks create their own cryptocurrency?

This can even be doubted. States and various banks will necessarily create their national centralized crypto currency. They realize the advantages of the crypto currency, but they will not use the decentralized types of crypto currency. Banks, of course, will provide services using decentralized crypto currency to take their percentage of sales, but they themselves will use a centralized crypto currency, which will be manageable and not so volatile. This can also be said of states.

[GunsLair]

I personally don't think it will be a good idea for every bank to has it's own digital currency. In terms of the countries having its own digital currency, I will still have my reservations too. I would rather prefer the mass adoption of Bitcoin and other cryptocurrencies. Let the government support cryptocurrency and legalized. People should be free everywhere or any part of the world to use any cryptocurrency of their choice in transactions.

I also think that most likely the countries and banks will go to acceptance existing cryptocurrencies such as bitcoin and ethereum. It will be much easier to do than creating something new. But it, certainly, will not replace completely usual money and will serve as an additional means of payment.

[James ssi~]

Somehow they can do that, if the trend became the essential in the future like todays fiat money maybe they will create a crypto that will be the flag bearer of a particular county in crypto world and I guess bitcoin will be the international monetary for cryptocurrency still.

They have the power to do that but they won't gamble their business to something decentralized by adopting a coin that they don't have the authority to control it.

They can create their own cryptocurrency but it can be a stable coin which is not volatile for the sake of their business and customers.  It will be a digital currency if they do that but there's no need for them to do it, they have online banking and adoption of blockchain is what they only need to do.

I think banks are aware of crypto currency, it is possible that they can develop some coins of their own, but being in control of it is hard for them, because that is not the way of how crypto work, the price in the markets are so volatile, it may change the value of every coin at anytime of the day, It will be a huge risk for the banks to invest in crypto currency.

[Twentyonepaylots]

You should watch the show Mr Robot. In the season 2 it goes full crypto, and there is a way of governments vs Bitcoin. The script predicts what I was predicting myself, and that is, a future in which governments want to control 100% what you do with no possible notions anymore for privacy, except they didn't count with bitcoin delivering financial freedom.

They have a cryptocurrency (developed by E Corp) that is closed source and they control everything and they hate Bitcoin since it bursted their Orwellian dream's bubble.

Whoa.. Mr.Robot seems to be the new fap - material
To the OP, countries have already started to create their own coins but who gives a shit. It will never come close to bitcoin due to obvious reasons. There ain't no shit to worry about.

I see no reason for Central Bank of any country create their own Digital Currency? It has an implication to the Economy of one country if this idea is adopted, If we look and check the reason why every country has its own Central Bank simply because of the monetary control as mandated by the Government for single usage of their currency for general circulation. it is use for any transaction, with in the country.

[The_Dark_Knight]

A few countries and central banks have been talking about “digital currency”, and most of them are carefully ignoring the term “crypto”. Fact is- digital currency is not the same as cryptocurrency. These countries/central banks are recognizing the benefits of the digital currency features of cryptocurrency, but they don’t want any of the decentralized uncertainties that come with blockchain-based currencies.
Will countries or central banks create their own cryptocurrency?

Yes they are going to create their own cryptocurrencies, but who is going to use them? The general public is still not interested in cryptocurrencies and most people of the community are too smart to use a currency created by them since we know exactly what they are trying to achieve by creating their own cryptocurrency, so most likely their coins are going to fail like most scam icos.

[gnaylor]

The cryptocurrency market is increasing in value in the accepted countries, now the countries that have already accepted bitcoin don't need to have their Cowen cryptocurrency whereas China who has denied and as everyone knows is the master of closing their own product might be the first to makes its own crypto,

[Crypto24hrs]

Peru as a country is already in the process of creating a digital currency, their bounty is ongoing right away and i no as other countries in  the world see the need they will have no choice than to join the bandwagon.

[bkrobottc1]

I don't think any country will create a fully public, P2P, blockchain-based cryptocurrency. Instead they will create currencies on blockchain platforms that are permissioned and that can be controlled.

I agree with you. Once it be controlled, it can't call decentralized. Only crowd can be controll it.

[odri777]

As soon as the crypto currency becomes a mass phenomenon, banks and crypto currency will immediately turn on!

[cheezcarls]

A few countries and central banks have been talking about “digital currency”, and most of them are carefully ignoring the term “crypto”. Fact is- digital currency is not the same as cryptocurrency. These countries/central banks are recognizing the benefits of the digital currency features of cryptocurrency, but they don’t want any of the decentralized uncertainties that come with blockchain-based currencies.
Will countries or central banks create their own cryptocurrency?

Correct me if I'm wrong, but Russia has its own cryptocurrency called CryptoRuble. I also believe that the Philippines will have their own as well. However, since they will be owned by the government, I strongly believe that they'll make them centralized cryptocurrencies like Ripple. I just don't know if they are worth holding rather than decentralized cryptocurrencies like Bitcoin. However, decentralized cryptos give power back to the people rather than letting the banks and the government control it.

[Rizky Aditya]

As soon as the crypto currency becomes a mass phenomenon, banks and crypto currency will immediately turn on!

They will shift themselves into this blockchain technology. Now, everything is just getting into technological nature. If you talk about restaurants and shopping malls and medical assistance and transport things and anything, you would be seeing amazing attributes and aspects from technology. So, it is becoming trend and thus currency would adopt this trend as well.

[Madara_Uchiha]

If in the creation of its own bank crypto currency will be pluses for bankers, then of course they will create it. Bankers are people who will not miss their profits.

[automaticmoney]

Iran and Venezuela both these countries are in preparation to launch their own centralised crypto currency for future trade we can see more country following the crypto currency path

[pedangrusak]

if a country through a central bank is willing to learn and implement cryptocurrency in banking activities, surely they will be more effective and efficient in working because blockchain can do that

[buternasek]

I don't think any country will create a fully public, P2P, blockchain-based cryptocurrency. Instead they will create currencies on blockchain platforms that are permissioned and that can be controlled.

right, the system adopted by bitcoin today will not be suitable for any country.
even if aa country will make their tokens on their own, they will make a different one with bitcoin. of course they can control.

[Ozero]

Many countries and their central banks create their own national centralized crypto currency. It is clear that even more such a crypto currency will be created in the near future. The states will be forced to create such a fully controlled crypto currency in contrast to the decentralized crypto currency when decentralized crypto currency will gain considerable popularity. In addition, centralized crypto currency will very well complement the national paper money, they will complement each other.

[MadisonWood1212]

I do not think at the moment, but in the future, maybe the central bank can make some kind of coin for them, but I'm sure that these coins will never be equal. with Bitcoin, Ethereum, etc. Since the coin produced by the central bank will have to be managed by the bank, the security of the user will no longer be safe.

[itsik78]

A few countries and central banks have been talking about “digital currency”, and most of them are carefully ignoring the term “crypto”. Fact is- digital currency is not the same as cryptocurrency. These countries/central banks are recognizing the benefits of the digital currency features of cryptocurrency, but they don’t want any of the decentralized uncertainties that come with blockchain-based currencies.
Will countries or central banks create their own cryptocurrency?

Six of the largest banks in the world have entered the project to develop a digital currency, which they hope to use next year to calculate and clear financial transactions. These are Barclays, Credit Suisse, the Canadian Imperial Bank of Commerce, HSBC, MUFG and State Street. I read that they have their own crypto currency, but they do not have confidence that this currency will be successful and predict its creation not in the near future. time

Will countries or central banks create their own cryptocurrency?

about the countries, so it's more fun, more recognize crypto and more countries are talking about their own coins

[Danisababy]

The cryptocurrency market is increasing in value in the accepted countries, now the countries that have already accepted bitcoin don't need to have their Cowen cryptocurrency whereas China who has denied and as everyone knows is the master of closing their own product might be the first to makes its own crypto,

In my opinion, I think that they would create their own cryptocurrency because digital currency is becoming popular and they know that many people are interested in cryptocurrency so they will follow  trend. Maybe this time, they are studying about it and planning to launch it in the near future.

[McEdward]

It is very cunny indeed. They know how good Bitcoin is. They can see the profits and the benefits people are making. Ok, many lost their money, but the cryptocurrencies are revolutionary. Noticing that, banks decided to create their own currencies, without benefits to people. They just did not understand why we are investing in crypto. The goal is not to be patriotic or whatsoever. We just can be free and profit from something for the first time. Unfortunately, banks are already using the benefits from the blockchain and this can alter cryptocurrencies. Let us see if digital money can concurrence cryptocurrencies.

[mware]

it's possibly, there are several central banks that last year considered their own cryptocurrency for use in their transactions with financials institutions and banks or as alternatives to cash. This would concern closed circuits.

[Ozero]

Yes, I think that the states and even the banks will create their own centralized crypto currency in contrast to the decentralized crypto currency in order to distract the population from it, and also to use the possibilities of the crypto currency for their national money. It is also possible the emergence of various combinations of crypto currency with other types of money.

[OrangeII]

Yes, I think that the states and even the banks will create their own centralized crypto currency in contrast to the decentralized crypto currency in order to distract the population from it, and also to use the possibilities of the crypto currency for their national money. It is also possible the emergence of various combinations of crypto currency with other types of money.

I do not think so. a country, or a bank must have fiat, and that is the thing they need to develop and maintain the price. cryptocurrency may be supported as technological developments occur on the internet, or as an investment tool for developing fiat.

[kokobaba880]

In fact in the future every country will create their own crypto currency which will be a central currency and that will be using in the world for different transactions so for now i have not seen any coin but i hope that soon this trend will also be started like every country has their own currency in the fiat so they will also use crypto for such payments.

[AmandaCherry00]

The national and central banks are only interested in Blockchain technology, they do not accept the current virtual currency. In the future, it is possible for nations to create their own virtual currency based on Blockchain technology

[JoeG.Fuller123]

Cryptocurrency needs the support of governments or central banks. At that point, the cryptocurrency is called a "stable currency," which is tied directly to a nation's legal monopoly, or backed by an essential commodity, such as gold.

[baddertin9716]

The crazy fever of bitcoin in particular and virtual currency in general have forced governments to take a closer look at their role and impact on the future of trade, finance and the central bank in the future economy. Some governments are exploring or actively researching cryptocurrency.

[RichardScott91]

Maybe yes or not because other banks do not leave behind in today's trend because a lot of people now are going to interest in this new platform we called cryptocurrency but banks think that they will not earn much money here so they make their own way.

[Lukamovo918]

Although banks and governments may create their own virtual currency in a pre-registered fashion, they still have disadvantages compared to third-party virtual currency, such as bitcoin. The reason is that 3rd party virtual currency can be traded without having to comply with anti-money laundering regulations.

[AliceSusana88]

They will create their own cryptocurrency, a state-backed virtual currency that will be less expensive and have fewer intermediaries than the current system, and can in the long run help users save time and money. However, it will suffer every disadvantage that centralized systems are having.

[joshuarose]

A few countries and central banks have been talking about “digital currency”, and most of them are carefully ignoring the term “crypto”. Fact is- digital currency is not the same as cryptocurrency. These countries/central banks are recognizing the benefits of the digital currency features of cryptocurrency, but they don’t want any of the decentralized uncertainties that come with blockchain-based currencies.
Will countries or central banks create their own cryptocurrency?

maybe yes, because in my country the central bank is learning about the workings of the blockchain and there are many rumors if the central bank will make its own cryptocurrency and I also hear rumors that cryptocurrecy made by the central bank cannot be mined and prices will not change

[BrianDCampbell343]

Countries or central banks can create their own cryptocurrency, but there are still many inadequacies. Certainly, government-issued cryptocurrency will not be able to compete with Bitcoin and Altcoin in terms of value and popularity.

[chidiarua]

I think this would be nice. To see governments create their own digital currencies is something I've been anticipating. It would be a boost for the blockchain. And can also help our quest for wide adoption.

[YinShuiSiYuan]

True, they will create their own cryptocurrency. A blockchain-based, government-backed virtual currency that brings the benefits of an international currency that can be used in global trade.

Certainly many countries are working on creating their own cryptocurrencies. They probably do not officially confirm it, but such projects appear. They do so not to be left behind others when they bring in their own cryptocurrencies.

[arikassuja]

yes of course that could happen because all will try to make a digital currency or cryptocurrency so that transactions can be safer and more comfortable and can be done anywhere. so I'm sure the bank will keep up with technology.

[burakdat]

Nope it so hard to mix up with your current business to corporate with other business when usually bank are being owned by a corporation and there are many stakeholders on it. And we know that incorporating their business with cryptocurrency should consider the decision of the group. However, if you are the sole owner and know how to run cryptocurrency then your bank could be a great help in promoting the cryptocurrency especially to those local exchanges. The bank can act as a third party between exchange and its client channeling the payments from clients to the local exchanges.

[Impulseboy]

It is possible that they will because at this point, the crypto world is already too big to be stopped. If banks cannot compete with bitcoins then they probably will just create their own crypto. What do you think?

[Glad108]

We still have to just keep watching to see if this kind of scenario will play out in the future. I won't be surprised though if the banks decide to create their own coins.

[martinholly167]

A few countries and central banks have been talking about “digital currency”, and most of them are carefully ignoring the term “crypto”. Fact is- digital currency is not the same as cryptocurrency. These countries/central banks are recognizing the benefits of the digital currency features of cryptocurrency, but they don’t want any of the decentralized uncertainties that come with blockchain-based currencies.
Will countries or central banks create their own cryptocurrency?

if you say that the banks create their own crypto that will be only a regular money but digitalized, the payment and everything based on online and digital

[laracastvue]

A few countries and central banks have been talking about “digital currency”, and most of them are carefully ignoring the term “crypto”. Fact is- digital currency is not the same as cryptocurrency. These countries/central banks are recognizing the benefits of the digital currency features of cryptocurrency, but they don’t want any of the decentralized uncertainties that come with blockchain-based currencies.
Will countries or central banks create their own cryptocurrency?

if you say that the banks create their own crypto that will be only a regular money but digitalized, the payment and everything based on online and digital

Even though banks are planning to create their own cryptocurrency, people will still not invest since they already knew that the government will be taking advantage of it and that is the reason they will not invest.

[adpinbr]

Some countries might consider having their own crypto that they can control or manipulate. we can't blame them since they should also be aware of what the transactions are for they might come from illegal drugs or other illegitimate things.

[BartS]

A few countries and central banks have been talking about “digital currency”, and most of them are carefully ignoring the term “crypto”. Fact is- digital currency is not the same as cryptocurrency. These countries/central banks are recognizing the benefits of the digital currency features of cryptocurrency, but they don’t want any of the decentralized uncertainties that come with blockchain-based currencies.
Will countries or central banks create their own cryptocurrency?

Yes they are going to create their own cryptocurrency but I do not really care about it, I am not going to use it, it does not matter how much they market it or how much they insist it is a better currency than bitcoin, they are never going to deceive me and I am sure I am not going to be the only one, especially if they try to do this as an effort to avoid their own economies to collapse similar to what the governments of Venezuela is trying to do right now.

[Zemomtum]

In my own opinion, I guess some countries, especially countries who are successful will create their own coins for the future, since it's easy to transact and weightless, and also in the future, we'll possibly use electronic money, that's why I believe that some countries will make their own cryptocurrency in the near future.

[kaisa]

Everyone thinks of their own thoughts, they don't talk about the facts and possibilities that occur. the issue that is being formed by the central bank is rejecting cryptocurrency, but some entrepreneurs make their own crypto and claimed their tokens can be used for payment transactions for services or buying goods. I think the rumor about the "central bank digital currency" is still difficult to formulate by the central bank, because their people are not ready to accept it. if there is a country that makes crypto money, then the country is on the verge of a financial collapse or crisis.

[Saldom12]

Yes, maybe that could happen, because if the coin cryptocurrency would develop, it would definitely make their own bank so that it would not happen to other countries.

[Antonina]

I think they will. The future of crypto currency is undoubtedly there, and therefore more and more new crypto currencies will appear

[DiabolicAnt]

I think governments are not really interested in having those. As you said, all the decentralization thing seems not to be liked by them. So, digital currency - yeah, crypto? I'm not sure.

[Apple Mac]

A few countries and central banks have been talking about “digital currency”, and most of them are carefully ignoring the term “crypto”. Fact is- digital currency is not the same as cryptocurrency. These countries/central banks are recognizing the benefits of the digital currency features of cryptocurrency, but they don’t want any of the decentralized uncertainties that come with blockchain-based currencies.
Will countries or central banks create their own cryptocurrency?

Maybe that thing can be possible because we are open to realizations that all things can be possible depending on the span of time and situational factors inserted to it to make it possible to make happen. But I guess in this period of time we currently have, countries as well as central banks are not still up into adaptation and toleration with this kind of currency due to the fact that this type of currency is still up into many issues on it and maybe if those things will be totally wiped out maybe but not so sure, they can come up into certain realizations that maybe they can create their own cryptocurrency.

[7Dyoknga5]

I agree with the governments not wanting the decentralization as it hard to control someone/something without liability.

I have not heard of any technology developed yet that is centralized  cryptocurrency, but I do think it won't be long till governments develop it once they agree on using one.

[ronics]

We can not predict the events in the next few years so for me there is no guarantee of what will happen in the near future, though most people do not know how to use a computer, how can they get the expected cryptocurrency? We can not even say that, in the end it will happen.

[Btcepenbob]

I already seen some banks appearance in cryptocurrency and I think that it will be a step by step process for those bigshots to join cryptocurrency. Banks in our country already approved the in and out of money through cryptocurrency.

[naily]

all possibilities can occur, because with crypto currency will save production costs, and crypto currency has more transparent and corruption-free technology

[iqlimasyadiqa]

A few countries and central banks have been talking about “digital currency”, and most of them are carefully ignoring the term “crypto”. Fact is- digital currency is not the same as cryptocurrency. These countries/central banks are recognizing the benefits of the digital currency features of cryptocurrency, but they don’t want any of the decentralized uncertainties that come with blockchain-based currencies.
Will countries or central banks create their own cryptocurrency?

Maybe that thing can be possible because we are open to realizations that all things can be possible depending on the span of time and situational factors inserted to it to make it possible to make happen. But I guess in this period of time we currently have, countries as well as central banks are not still up into adaptation and toleration with this kind of currency due to the fact that this type of currency is still up into many issues on it and maybe if those things will be totally wiped out maybe but not so sure, they can come up into certain realizations that maybe they can create their own cryptocurrency.

The government and the central bank do have a very important role. When they decide to support digital currencies, this will become a revolutionary in the world financial system. Some countries do try to make their own digital currency, but in my opinion it is a waste. That is because we should now use an existing currency, we first develop Bitcoin and when the digital currency has been applied then every country starts thinking about the digital currency of the country.

[dongyi17]

I guess there are few country who attempt to make their own crypto but up to now nothing happens and still they are discovering on how to do it, any powerful and wealthy country can possibly do  this but there are many factors to consider before it come true.

[boksoon]

A few countries and central banks have been talking about “digital currency”, and most of them are carefully ignoring the term “crypto”. Fact is- digital currency is not the same as cryptocurrency. These countries/central banks are recognizing the benefits of the digital currency features of cryptocurrency, but they don’t want any of the decentralized uncertainties that come with blockchain-based currencies.
Will countries or central banks create their own cryptocurrency?

Decentralization crypto currency is favored to all people to make transaction anytime they want in fastest way on time on that minute and hour but decentralization is still on evaluation and analyzed what was the really affect the life of many people that's why some government doesn't agree yet while they have no proved  about decentralization.  

[BlueStackz]

A few countries and central banks have been talking about “digital currency”, and most of them are carefully ignoring the term “crypto”. Fact is- digital currency is not the same as cryptocurrency. These countries/central banks are recognizing the benefits of the digital currency features of cryptocurrency, but they don’t want any of the decentralized uncertainties that come with blockchain-based currencies.
Will countries or central banks create their own cryptocurrency?

You yourself don’t even know what you are saying. How can you be saying that cryptocurrency is not the same as digital currency ? If cryptocurrency is not the same digital currency, then what is cryptocurrency? Well,  central banks and countries are not going to create any cryptocurrency, because it’s not their job to do that.

There are already banks, and there are also easy ways you can transact with your bank. Most of the times you don’t even need to go to bank as long as your have a smartphone or computer, cause most transactions these days can be done online with your bank.

[R9s]

Yes, it just takes time for many government coins to appear in the next 3-5 years, they will participate in the cryptocurrency market and some coins may be very expensive.

[localcrypto]

German Bank and Thailand and Swiss most of these countries are in plans to start their own cryptocurrencies so we can see more central currencies in the coming future

[coynedterm]

A few countries and central banks have been talking about “digital currency”, and most of them are carefully ignoring the term “crypto”. Fact is- digital currency is not the same as cryptocurrency. These countries/central banks are recognizing the benefits of the digital currency features of cryptocurrency, but they don’t want any of the decentralized uncertainties that come with blockchain-based currencies.
Will countries or central banks create their own cryptocurrency?

I don't think they can make , but probabilities are at the both sides but few rules are clearly indicating that they will make something different concepts of work that will not make them like cryptocurrency and they will be traceable .
But still here we can see that lots of services are in the cryptocurrency who are using the same concept of the work , they are just using the perfect use of the popularity .
For example many types of the chats application are available at the play store , which are making Thier services popular by giving free tokens of  Thier services , and that is making them more popular to each other .
And similar type of the examples we can see by the many trading exchange for bitcoin with fiat value ( e.g wazirx , unocoin etc ) .
But here recently I heard about the news that one of the bank was looking to implement the technology of the cryptocurrency and also announcing that they will distribute Thier token to users at high value to make the coins more popular and they want integrate the fiat banking system with bitcoin like cryptocurrency technology , to make more improvement algorithm .

[Baekhyun]

that speculation might happen, crypto has become mainstream now and many people are starting to learn to know and invest. but the question is if the bank does this does the decentralization system continue to be used? because basically the crypto system is contrary to the bank system.

[patarfweefwee]

I really think banks will make their own blockchain or at least a coin of their own or woupd definitely accept crypto currency in their portfolio once crypto currency become stable and is widely used by everyone. Before then, banks will do the best they can to stop crypto currency growth by buying coins then dumping them

[Neraj Evad]

That could be possible if countries or central banks would create their own cryptocurrency, but the fact if they will create their own cryptos so they are accepting the crypto technology, and  that later ,they will accept bitcoin and other old altcoins, the important they are joining cryptocurrency.

[ToyotaFortuner]

I think that could have happened if the country had given legality about using cryptocurrency, so it could have happened and there would have been many digital currencies that would have been created.

[Sled]

I think that could have happened if the country had given legality about using cryptocurrency, so it could have happened and there would have been many digital currencies that would have been created.

I heard some of the countries are banning the cryptocurrencies because they want to create their own and i think that is the same idea that most of the country are hiding from the people because they don't want to get into decentralized cryptocurrency that will just loosen and lower their power so they want to create their own to take control of anything they want.

[NelfiNovita]

everything can happen if there is a desire, at this time many companies have joined the crypto world, so I think the bank will also issue their own cryptocurrency. Now that technology has developed so fast as crypto currencies, I am very confident that the bank will someday also issue their own cryptocurrency.

[Siren]

I don't think any country will create a fully public, P2P, blockchain-based cryptocurrency. Instead they will create currencies on blockchain platforms that are permissioned and that can be controlled.

Venezuelan government already created petrocurrency meaning there is already existing country that has own cryptocurrency..

everything can happen if there is a desire, at this time many companies have joined the crypto world, so I think the bank will also issue their own cryptocurrency. Now that technology has developed so fast as crypto currencies, I am very confident that the bank will someday also issue their own cryptocurrency.

Were not talking just banks here budz,it's about Central Banks ot better known banks of the government,next time try to read the whole topic before putting your own opinion

[vladmamedov657]

Yes, I think if the whole world legalizes cryptocurrencies in all countries, then crypto-currency banks will appear

[embargo]

Countries and banks will create their own crypto currency, but after a big collapse, after the fall of the world financial system and the dollar. Right now it is difficult to do this, so there is a confrontation in this issue on the part of the United States, which is not interested in this scenario, since after the creation of its own banks and banks its own crypto currency - the demand for US dollars will disappear.

[ivanst776]

In fact in the future every country will create their own crypto currency which will be a central currency and that will be using in the world for different transactions so for now i have not seen any coin but i hope that soon this trend will also be started like every country has their own currency in the fiat so they will also use crypto for such payments.

[Rooster101]

everything can happen if there is a desire, at this time many companies have joined the crypto world, so I think the bank will also issue their own cryptocurrency. Now that technology has developed so fast as crypto currencies, I am very confident that the bank will someday also issue their own cryptocurrency.

That is true and it will happen soon. Banks abd governments will eventually join the fray in the creating own cryptocurrencies and tokens to service their people. Some governments aren't really inclined to accept cryptocurrencies like bitcoin because they hade their own plans to create or develop their coins and they don't want a possible competitor when they start to issue their own coin to their people. Ripple is lucky to be adopted by some banks but other banks might also issue their tokens in the future.

[Bitfling]

A few countries and central banks have been talking about “digital currency”, and most of them are carefully ignoring the term “crypto”. Fact is- digital currency is not the same as cryptocurrency. These countries/central banks are recognizing the benefits of the digital currency features of cryptocurrency, but they don’t want any of the decentralized uncertainties that come with blockchain-based currencies.
Will countries or central banks create their own cryptocurrency?

If central banks create their own cryptocurrency and they still control the supply, i think it can not call cryptocurrency and its called digital money. Cryptocurrency should be not controlled by any authorities

[localcrypto]

Thailand is now preparing graft lines to create their own cryptocurrencies in centralised manner and we can see central banks owned crypto currencies in the coming future

[izza123]

States and banks are very closely related. I think that this is unlikely to happen, because bankers will lose most of their profits. Since bankers are people who are worried only about the state of their wallets and they do not care about the development of the country's economy and the well-being of people, they are unlikely to go on this.

[aeternus]

A few countries and central banks have been talking about “digital currency”, and most of them are carefully ignoring the term “crypto”. Fact is- digital currency is not the same as cryptocurrency. These countries/central banks are recognizing the benefits of the digital currency features of cryptocurrency, but they don’t want any of the decentralized uncertainties that come with blockchain-based currencies.
Will countries or central banks create their own cryptocurrency?

We are already seeing that, the government of Venezuela has created their own cryptocurrency, many people can see that this is just an effort to try to get money to try to keep the government running for as long as possible but even if that is the case it's important to see how the experiment of Venezuela turns out so we can learn from it in the future.

[Gila uang]

I personally don't think it will be a good idea for every bank to has it's own digital currency. In terms of the countries having its own digital currency, I will still have my reservations too. I would rather prefer the mass adoption of Bitcoin and other cryptocurrencies. Let the government support cryptocurrency and legalized. People should be free everywhere or any part of the world to use any cryptocurrency of their choice in transactions.

I can see clearly that in the future, and most likely will occur in time. But I don't know whether it's good or not because it will compete with other decentralized cryptocurrency.
I think banks will soon create their own cryptocurrency, especially if other countries legalize bitcoin which is what Russia has just announced.

[Ludmilla_rose1995]

Japan has already done it. they have made cryptocurrencies for their country called Jcoin. Countries like Japan deserve to be imitated

[Samtob4]

All what i see is that the future of cryptocurrency is bright and many countries will soon accept crypto to be used in there country i see that some country will have there own coin

[tuturutmunding]

it may happen, every country must continue to innovate to adjust to the progress of the times, if cripto has become a trend, then they will try to follow to create digital coins, but surely there will be bank equivalent institutions that they appoint to control, because the country has a lot regulations, it is clear that absolute freedom will not exist

[joshuarose]

I don't think any country will create a fully public, P2P, blockchain-based cryptocurrency. Instead they will create currencies on blockchain platforms that are permissioned and that can be controlled.

Yes, I saw the news, and I heard that banks don't make cryptocurrency but only use blockchain , I also hope the central bank makes a good decision

[Snaic]

I think that many countries and their central banks will create their own digital currency. This will be done, firstly, in contrast to the decentralized crypto currency, in order to divert the attention of the population from it, and secondly, to use the opportunities and advantages of the crypto currency. Although it will already be a managed crypto currency, however, especially within the state, such a crypto currency can successfully go, because it will combine the digital possibilities of crypto currency and national money. Some countries already create such own types of crypto-currency, and even more express their intention to create it. In general, it will be good, as the population will be attracted to the crypto currency by the authority of the state and will be convinced of the advantages of decentralized crypto currency over centralized.

[DigitalCyberius]

I don't think any country will create a fully public, P2P, blockchain-based cryptocurrency. Instead they will create currencies on blockchain platforms that are permissioned and that can be controlled.

Correct. It will grant governments more control over people's wealth than ever before, so it's in their advantage to come up with their own crypto currency sooner than later. Imagine how governments will then be in a position where they could just freeze your balances at any time of the day, or give you an instant haircut in case they think it is justified to take that amount from you. Governmental theft and barbary will be upped to the next level that goes beyond all human rights. People are muppets and cash cows of the government already, but with their heavily centralized garbage, people will be pushed into a deeper hole of slavery. One must be stupid to participate in a system like this. Bitcoin is an easy and directly the best possible way to obtain financial freedom, and to finally actually own all your value.

Agreed, government controlled digital currencies (plus digital identities) would pretty much give the government total control over your money, and whether or not you could buy or sell or do any kind of business. The Bible talks of a similar scenario taking place in the End Times. That said, this seems to be a new push in that direction, or at least a new stepping stone along the way to something similar. The push for a cashless society only helps to bring this ever closer to fruition. Some governments have already been talking about creating national cryptocurrencies, and some have even talked about it as a means to get around sanctions, like Venezuela and Iran. With all that said, not so sure that Bitcoin, as much as we love the concept, is the ultimate form of cash, for a few reasons:

A. Try to use Bitcoin when the power's down (either a natural disaster or perhaps martial law?).
B. As technology continues to become more sophisticated, so will hackers' abilities to gain access to your coins.
C. The price is still unstable, and highly affected by news, and manipulated by those with lots of trading power - and imagine if AI bots were trained to take over the market, and do with it as they pleased.
D. Ultimately, BTC is just digital code, it has no intrinsic value (except perhaps making "permanent" records on the digital blockchain).

Just some thoughts,
The Cyberius team.

[valentine401]

I don't think any country will create a fully public, P2P, blockchain-based cryptocurrency. Instead they will create currencies on blockchain platforms that are permissioned and that can be controlled.

Yes, I saw the news, and I heard that banks don't make cryptocurrency but only use blockchain , I also hope the central bank makes a good decision

Banks will never use cryptocurrency because it was a threat on their own business, they will lose their investors if people will focus on cryptocurrency since it was more profitable.

[liliano]

I see my country still hasn't come to discuss cryptocurrency itself because too many complex problems will arise according to them. But I have seen their goodwill to study blockchain and they will reportedly apply to the banking sector for reasons of convenience, comfort and effectiveness

[rebeccagreen]

I already have seen some banks appearance in cryptocurrency and I think that it will be a step by step process for those big shots to join cryptocurrency. Banks in our country already approved the in and out of money through cryptocurrency.

[embargo]

It all depends on who is behind these countries and banks. If this group of people who are directly involved in the creation and full management of bitcoin as an experiment, then naturally they will spread their influence over the controlled countries and central banks. With global plans to create a single management center, hiding behind the idea of decentralization.

[SofiaClarke743]

Not sure if that happened or not? If the future of the cryptocurrency market is recognized by many countries around the world and more people pay attention. It is possible that each business or bank will have its own cryptocurrency.

[owlman]

As we can see at the moment, there are already examples of creating its own crypto currency in the country, as Venezuela created its state crypt currency called Petro. Perhaps in the future the number of countries and banks that will create their own crypto currency will increase, because the industry is developing rapidly.

[Xising]

A few countries and central banks have been talking about “digital currency”, and most of them are carefully ignoring the term “crypto”. Fact is- digital currency is not the same as cryptocurrency. These countries/central banks are recognizing the benefits of the digital currency features of cryptocurrency, but they don’t want any of the decentralized uncertainties that come with blockchain-based currencies.
Will countries or central banks create their own cryptocurrency?

I think there is a big chance that that would happen, and also, many countries have been exploring that in the past years. China, for one, have already, based on what I have read released some coins in partnership with local companies. I think that's the reason why China has banned many bitcoins that originate from different countries because they are aiming to give their local coins, and probably, the coins that they are part of a jump start in order to gain value as they enter the market.

[Lady Coquet]

A few countries and central banks have been talking about “digital currency”, and most of them are carefully ignoring the term “crypto”. Fact is- digital currency is not the same as cryptocurrency. These countries/central banks are recognizing the benefits of the digital currency features of cryptocurrency, but they don’t want any of the decentralized uncertainties that come with blockchain-based currencies.
Will countries or central banks create their own cryptocurrency?

I think its is possible that countries and central banks will create their own cryptocurrency, but for now it is not because they also need to support and focus on their currency to improve the economy of their country.

[laracastvue]

As we can see at the moment, there are already examples of creating its own crypto currency in the country, as Venezuela created its state crypt currency called Petro. Perhaps in the future the number of countries and banks that will create their own crypto currency will increase, because the industry is developing rapidly.

Cryptocurrencies that are created by local countries will not grow and the price will be depending on its developers so you should just invest on a token with decent reputation in the community.

[joshuarose]

I don't think any country will create a fully public, P2P, blockchain-based cryptocurrency. Instead they will create currencies on blockchain platforms that are permissioned and that can be controlled.

Yes, I saw the news, and I heard that banks don't make cryptocurrency but only use blockchain , I also hope the central bank makes a good decision

Banks will never use cryptocurrency because it was a threat on their own business, they will lose their investors if people will focus on cryptocurrency since it was more profitable.

oh you are right the bank will not make cryptocurrency because it will cause bank money to be damaged and maybe the crypto bank price will fluctuate so the bank will never make cryptocurrency and only use blockchain as transaction records only

[jack wira]

Untuk mengkaji criptoccurency di bank sangat hati hati karena itu menyangkut keuangan bank tersebut karena kita tau Bank itu tidak bersifat pribadi.. kerja sama pelaku ekonomi belum tentu setuju jika menganut sistem criptoccurency tersebut.. untuk menjaga imeg di mata publik di perlukan pengkajian yg lebih mendalam.

[iMark]

I already have seen some banks appearance in cryptocurrency and I think that it will be a step by step process for those big shots to join cryptocurrency. Banks in our country already approved the in and out of money through cryptocurrency.

All need a long process and time. for now most banks are still not ready to accept because of regulations imposed by the
government. when the government has changed the regulation to be legal, I'm sure banks and bitcoins can work together

[jestbenen8]

I personally don't think it will be a good idea for every bank to has it's own digital currency. In terms of the countries having its own digital currency, I will still have my reservations too. I would rather prefer the mass adoption of Bitcoin and other cryptocurrencies. Let the government support cryptocurrency and legalized. People should be free everywhere or any part of the world to use any cryptocurrency of their choice in transactions.

I can see clearly that in the future, and most likely will occur in time. But I don't know whether it's good or not because it will compete with other decentralized cryptocurrency.
I think banks will soon create their own cryptocurrency, especially if other countries legalize bitcoin which is what Russia has just announced.

Currently I never heard about it, but may be in future when the use of crypto currencies will increase too much then it may become possible, but I think that it will take a lot of time, in fact still most of the governments are not supporting crypto currencies.

[Fatanut]

I think that many countries and their central banks will create their own digital currency. This will be done, firstly, in contrast to the decentralized crypto currency, in order to divert the attention of the population from it, and secondly, to use the opportunities and advantages of the crypto currency. Although it will already be a managed crypto currency, however, especially within the state, such a crypto currency can successfully go, because it will combine the digital possibilities of crypto currency and national money. Some countries already create such own types of crypto-currency, and even more express their intention to create it. In general, it will be good, as the population will be attracted to the crypto currency by the authority of the state and will be convinced of the advantages of decentralized crypto currency over centralized.

Which is exactly why they shouldn't start using cryptocurrencies. It will simply become an eye-opener to the people and once they have become familiar with cryptocurrencies, they are just going to move into using a different currency. It's like the government went through a lot of trouble just to end up giving their people a choice to be free from the government. Besides, the government already have their very own version of cryptocurrencies. It's the digital form of your fiat money which you can find on your bank account, credit card account, and Paypal account.

It seems to me that the only way for the government to prolong the process of mass adoption is to not say a thing about cryptocurrencies. They simply have to ignore it. In my country, bitcoin was actually once on the news. It actually just increased the population of the bitcoin users in my country as everyone wondered what is it about. And of course those who have researched enough were able to find out that bitcoin is not a scam, in contrary to what the news says. There were also viral articles that explains why cryptocurrencies aren't a scam. My fellow bitcoin users don't really mind these news because we know that we're making money from it and aren't scammed, in any way, so why be concerned of some video that was flashed to your television, right?

A few countries and central banks have been talking about “digital currency”, and most of them are carefully ignoring the term “crypto”. Fact is- digital currency is not the same as cryptocurrency. These countries/central banks are recognizing the benefits of the digital currency features of cryptocurrency, but they don’t want any of the decentralized uncertainties that come with blockchain-based currencies.
Will countries or central banks create their own cryptocurrency?

I think its is possible that countries and central banks will create their own cryptocurrency, but for now it is not because they also need to support and focus on their currency to improve the economy of their country.

I definitely agree. The major reason why countries wouldn't issue their own cryptocurrency is that there's a lot of major issues going on and a lot of problems that they have to fix. Simply put, the nation doesn't call the need to have their own cryptocurrency so why would they?

[HarmonyA]

Central banks are so centralized that they could not hide it ''Central Bank'' in their name. It is more favorable for the government of nations to have a centralized financial system than a decentralized economy because they use monetary policy tools to generate more money for lending. I doubt if countries or central banks can create their own cryptocurrency because the digital currency is already disrupting the financial sector. Centralized banks may not be able to relegate their system by issuing cryptocurrency, rather they will employ other blockchain technology that will facilitate their daily activities.

[liseff3]

not many countries decide on this. all the same, full control over all finances is their usual policy. crypto currency is not included in this framework

I think what you say is not wrong, but don't think they are fools, people like them (the government), certainly have a crypto strategy or version that is different in practice may be the crypto they market is not anonymous.

[yusupjatigumilar]

I think it might happen, maybe the country or central bank will make their own crypto currency with the same symbols and exchange rates as their fiat currency. There are countries that have done that. I hope that actions taken by the country can help. boost the price of crypto currencies to skyrocket again

[Viranz]

Of course they will make their own crypto currency because they see that crypto currencies can compete with them and they want to compete also in crypto currencies by making it themselves, but maybe it will be a little difficult to compete because many altcoins are good in it.

[FlightyPouch]

not many countries decide on this. all the same, full control over all finances is their usual policy. crypto currency is not included in this framework

I think what you say is not wrong, but don't think they are fools, people like them (the government), certainly have a crypto strategy or version that is different in practice may be the crypto they market is not anonymous.

That is obvious. Why would they create a cryptocurrency that they cannot control? That will be really funny if they do that since we are talking about the government here. Theh will be either not make a crypto currency that they cant control or make a crypto currency that they can fukly control and use that as their own fiat. The future is leaning there so that is not impossible.

[kniheant2]

i think that banks will be forced to change their usual system, and introduce new technologies, or create their own crypto-currencies, in order to somehow compete with currencies such as bitcoin, which are already accepted by some countries.

[Eigig]

That is very possible that countries or central bank creates their own cryptocurrency, this is because if cryptocurrency wi be spreading around the globe so the possibility that they will go for it , because crypto might be popular than ever.

[Bitcoin1216]

If the development of cryptocurrencies increases and cannot be stopped it will certainly make all countries make their cryptocurrency, this is to ensure that they have made the appropriate coins they want.

[basyang]

As I can remember, there is a country that tried to make their own digital currency. I do not know what really happened but I think that is not released. Countries will be making their own crypto currency since it is the future of money. In the future we can see digital currencies used by almost all of the people in the world not as an asset but as a common currency.

Well, I think that was true. I am looking forwad to used bitcoin as a common currency in the future. I do not think if many people will release their own crypto in their currenty, well upon checking we have rights. Its really great to know that someone will help you a dollar or yen. Hopefully in the future we bitcoin became a common curreny.

[Jhonthor]

I think it's possible if bitcoin has been received by the whole world

[malah]

yes of course they can create and create their own cryptocurrency because it is the best solution for now to be able to provide solutions to the problems of the existing world economy.

[Glok17]

Actually there a good possibility that everything will happen like that in future because crypto is 100% future money and banks can't back off crypto for longer time.

[itsik78]

The market of crypto-currencies is developing very actively. This has prompted many states to start issuing their own digital assets. England, China, Venezuela and many others.
Venezuela has already created a national crypto currency called El Petro first in the world. Its value is tied to the price of oil. The release of the second asset was announced. Petro Oro will have a link to the country's gold fund.

[Komissarnik]

And what is so attractive about crypto currency? And the fact that in the first place it is positioned as decentralized, anonymous and not tied to the political and economic shocks of this or that state. And of course, yes!

[realBitcoiner]

A few countries and central banks have been talking about “digital currency”, and most of them are carefully ignoring the term “crypto”. Fact is- digital currency is not the same as cryptocurrency. These countries/central banks are recognizing the benefits of the digital currency features of cryptocurrency, but they don’t want any of the decentralized uncertainties that come with blockchain-based currencies.
Will countries or central banks create their own cryptocurrency?

We are already seeing that, the government of Venezuela has created their own cryptocurrency, many people can see that this is just an effort to try to get money to try to keep the government running for as long as possible but even if that is the case it's important to see how the experiment of Venezuela turns out so we can learn from it in the future.

If it is true then no doubt that it will have a very good experience and I hope that it will surely bring  a very positive effect on their economic condition. I think that if they will get a good response I hope that other countries will also follow them.

[jonatuzc]

A few countries and central banks have been talking about “digital currency”, and most of them are carefully ignoring the term “crypto”. Fact is- digital currency is not the same as cryptocurrency. These countries/central banks are recognizing the benefits of the digital currency features of cryptocurrency, but they don’t want any of the decentralized uncertainties that come with blockchain-based currencies.
Will countries or central banks create their own cryptocurrency?

OP, I think first you need to realize that crypto is not real money and that these banks or whoever that’s bringing up the topic of having Blockchain for banks is not doing so for it to be used in replacing fiat, rather they will create their own Blockchain which the government can control and people can invest into the hands of banks instead of going for the real Blockchain which doesn’t give the government control over people’s money.

[sinkfish]

Many country is making their move making their own crypto. China, Russia, Venezuela, Kazakhstan to be name a few. and banks as well. 

[Lengcengteng]

I bet they will soon start to make their own cryptocurrency or they can integrate crypto in their system because lots of money are circulating right now in crypto industry and i bet they are eager to enter this industry.

[Changadithethor]

If you are using fiat why would you like to hold a cryptocurrency issued by your governments, it does not make a lot of sense if you ask me, and if you are holding cryptocurrencies why are you going to need to use such coins when you already have a product that is way better.

[putrisa]

maybe central banks can make their own cryptocurrency if they already understand blockchain concepts and technology then it can happen and in the future there will be lots of cryptocurrencies created ...

[Spaffin]

States and central banks already create and in the future will continue to create their own crypto currency. The state will not rely on the decentralized crypto-currency. They can allow its circulation, but they will never actively support decentralized crypto currency. They can rely only on their national centralized crypto currency. It can supplement national paper money.

[NevejElad]

Maybe they will if cryptocurrency will be used worldwide ,countries or the central banks will have no other choice to make is to join the cryptocurrency, because it is the era of cryptos, so they might be participating by making a cryptocurrency of their own.

[edisystem]

maybe central banks can make their own cryptocurrency if they already understand blockchain concepts and technology then it can happen and in the future there will be lots of cryptocurrencies created ...

Yeah, it needs time to reach that. I think it might possible to happen, but the first thing is this cryptocurrency information and blockchain technology information needs to be spread around the world, so people know what is cryptocurrency. Imagine if all countries have their own cryptocurrency, maybe it will happen someday, on the next 10++ years.

[gorodi]

Many country is making their move making their own crypto. China, Russia, Venezuela, Kazakhstan to be name a few. and banks as well. 

People were talking about these cryptocurrencies but in reality, the crypto is something, which can be used globally. How then can a country have its own digital money?

[jaaeeeyyyy]

everything can happen if there is a desire, at this time many companies have joined the crypto world, so I think the bank will also issue their own cryptocurrency. Now that technology has developed so fast as crypto currencies, I am very confident that the bank will someday also issue their own cryptocurrency.

At the same time cryptocurrency will be like our current currency. There will be still different economy for different countries. With bitcoin being the top coin and used more often nationwide it strengthens every economy that uses it. And also it helps to establish more solid economy. But there is a possibility that the countries will, because it is all about competition.

[Fitrilalala]

It would be possible, many of country are trying to make stable coins and i believe central bank could even issued a stable coins and start to reduce the fiat currency from the citizens. But it would not happrn in near future and when it happen i believe world is already accepted the cryptocurrency and also i believe market will become really big.

[Bivonisenki]

It doesn't make any sense to me that centralized authorities are launching their blockchain based currencies because the core principle of blockchain is all about decentralization and I am sure that government won't lose the majority of the stake from such projects.

[sumanto]

I think that might happen because I am sure that there will be a lot of future that uses cryptocurrency to make transactions that are safe and comfortable and there are lots of cryptocurrency created including from the central bank.

[indrakusumaindra]

If they need to make cashless society and make use of cryptocurrency in daily transaction i believe it would be necessary for central banks to make their own coins. With stable coins people would not have to worry about the volatility and the coins could replacing the fiat currency.

[Duogembrot]

I think maybe that can happen and maybe every central bank will create its own cryptocurrency and have the types and kinds of cryptocurrency that will be created in accordance with the existing problems and solutions to be solved.

[patrickj]

A few nations have started to make utilization of the blockchain understanding its incentive over the customary framework. Some were a work in progress, in couple of nations groups were started to look into about the genuine need of blockchain innovation for the fruitful budgetary arrangement.

[Charlessy]

States and central banks already create and in the future will continue to create their own crypto currency. The state will not rely on the decentralized crypto-currency. They can allow its circulation, but they will never actively support decentralized crypto currency. They can rely only on their national centralized crypto currency. It can supplement national paper money.

Among several countries, maybe they are discussing their own digital currency, with features that can be detected in circulation and transaction objectives. Because the government has an interest in that data, to minimize the criminal impact that might be done through digital money. For bitcoin, because anonymous and decentralized, governments cannot track money.

[RasicaOla12]

If a country or a bank creates electronic money, it is good news for us as we have new markets for cryptocurrency.

[Relmarrowny]

There are many ideas that in the future each business or bank will create their own cryptocurrency. However, it is difficult because it can create confusion in the crypto market.

[Blackhammer321]

As I can remember, there is a country that tried to make their own digital currency. I do not know what really happened but I think that is not released. Countries will be making their own crypto currency since it is the future of money. In the future we can see digital currencies used by almost all of the people in the world not as an asset but as a common currency.

This kind of scenario will seem like it will be the present currency. Countries have different currency, and I believe that we can achieve the national growth for economy if we have the same currency. Because if it happens then the transaction will be muc easier at the same time there is no dominant coin. That is why we should use bitcoin as the worldwide crypto coin.

[streazight]

A few countries and central banks have been talking about “digital currency”, and most of them are carefully ignoring the term “crypto”. Fact is- digital currency is not the same as cryptocurrency. These countries/central banks are recognizing the benefits of the digital currency features of cryptocurrency, but they don’t want any of the decentralized uncertainties that come with blockchain-based currencies.
Will countries or central banks create their own cryptocurrency?

They were talking about it, but they never said they were going to release their own cryptocurrency. Don’t mind the media, they are fond of carrying fake news which you will get to find out is fake if you dig in properly on the issue. If banks create their own cryptocurrency it will be for the purpose of investment and a way to bring more income to themselves and to those who invest… Just like investment does, you know.

[Robbio]

Yes, you have a very good idea. In fact, I just received the news. Now governments are plotting to issue their own coins. Soon we will see coins appear in many countries.

[notyours]

Yes it is possible, because if they do not accept blockchain technology it is certain that banks will lose clients and no investor will remain in the bank. That's why they have to take action before they all get caught.

[ohkkstaaahp]

Currently I have not seen any countries or banks create their own electronic money. Again, in my opinion, electronic money is quite risky so they do not dare to create their own electronic money.

[Angna27]

I don't that would be easy to any country just create coin on their own, bitcoin still the one recognized and accepted by many but if any country capable of doing so will take time and if so happen they create their own that would their biggest advantage and their biggest asset.

[Andika23]

I think maybe later that day will happen, but I don't know exactly when it will happen, but I'm sure because cryptocurrency is growing and many know about cryptocurrency and from some of them investing in cryptocurrency one of them is very popular bitcoin and king of all coins.

[justspare]

A few countries and central banks have been talking about “digital currency”, and most of them are carefully ignoring the term “crypto”. Fact is- digital currency is not the same as cryptocurrency. These countries/central banks are recognizing the benefits of the digital currency features of cryptocurrency, but they don’t want any of the decentralized uncertainties that come with blockchain-based currencies.
Will countries or central banks create their own cryptocurrency?

They were talking about it, but they never said they were going to release their own cryptocurrency. Don’t mind the media, they are fond of carrying fake news which you will get to find out is fake if you dig in properly on the issue. If banks create their own cryptocurrency it will be for the purpose of investment and a way to bring more income to themselves and to those who invest… Just like investment does, you know.

I think central banks do kind of have their own "crypto" currency. Maybe not as digital as you might think but comparatively speaking the "banknote" money the "cash" you hold in your hand is just a small portion of the "money" that exists.

Dollar for example has certain amount printed but god knows how many times over they have that in digital books that changes hands here and there with stocks and derivatives and so forth that in the end they say trillions of dollars over the cash limit and still call it a legit money.

Crypto at least has a limit and its miles better in technology compared to old cash. So if its "digital currency" than dollar is already more digital than cash.

[Barretwallace]

At some stage, the crypto market will need new currencies to sustain the existence of cryptocurrency. Businesses or banks play an important role in the market development process.

[horaceN]

That would take blockchain and some of bitcoin's technology to the next level, but at the same time, it might be the end of bitcoin as a currency.

[peterstark]

If a central bank created a cryptocurrency that they themselves couldn't manipulate (no arbitrary inflation or account closure/seizure) then it might be just as good as Bitcoin, and who cares which won? More likely, though, the central banks will create "cryptocurrencies" that are just blockchain based fiat, in which they retain the power to inflate. And in this case, how is that fundamentally better than the digital dollars we already have in our bank account?

[boyz97]

I think maybe later that day will happen, but I don't know exactly when it will happen, but I'm sure because cryptocurrency is growing and many know about cryptocurrency and from some of them investing in cryptocurrency one of them is very popular bitcoin and king of all coins.

its only about time.soon or later we will see many central bank create their own cryptocurrency.if this is not happen, at least they will implemented blockchain technology.this thing enough for cryptocurrency community.their confidence rise sharply about crypto.

[tonyparker]

If the banks will make such a thing, who do you think will use it? Nobody. Will be like another obscure altcoin... Let them try, will be hilarious.

[kobecury]

Yes, To quickly and securely move money between the central bank and the private banks as needed. It's not exactly revolutionary, but at least they are actively working on testing use cases.

[deloreswest]

If the banks will make such a thing, who do you think will use it? Nobody. Will be like another obscure altcoin... Let them try, will be hilarious.

well if goverments do support it and it were backed by  particular fiat currency i believe it would be possible to be use massiveliy by the citizens.

[Katystrong]

wow. seem like it comes true now. To what I know, there are some countries and central bank have their own cryptocurrency

[yatogami]

A few countries and central banks have been talking about “digital currency”, and most of them are carefully ignoring the term “crypto”. Fact is- digital currency is not the same as cryptocurrency. These countries/central banks are recognizing the benefits of the digital currency features of cryptocurrency, but they don’t want any of the decentralized uncertainties that come with blockchain-based currencies.
Will countries or central banks create their own cryptocurrency?

The main peculiarity of cryptocurrency is that it can be mined by anybody and almost in any place having Internet connection. These very efforts of thousands of miners give the actual value to crypto.
Image that a bank decided to invest in mining equipment and issue their own money - will they be as anonynous and demanded as conventional cryptocurrencies? No. So that's actually the answer to your question.

[bajigur894784]

What I know, there are countries that have issued cryptocurrency before. What we need to see is their motive for doing it.

Let's look at Venezuela, a country that claims to have raised $ 3 billion in initial coin offerings. Their cryptocurrency is known as Petro and is supported by oil and gas.

According to the news, Venezuela has been sanctioned by the US and Petro is a way to avoid sanctions. The Venezuelan currency has lost value. Therefore, it makes sense for the South American country to issue its own cryptocurrency. Other countries such as China, Israel and Dubai have considered doing so.

Also, because cryptocurrency continues to gain popularity, they will threaten the existence of central banks. To maintain a valuable existence and little control, I think, they will issue cryptocurrency as a way of remaining in "cash games".

[10c]

I think that over time , all banks and even the state itself will create their own digital money, and it will be just the same step into the future.

[ivanst776]

I think that over time , all banks and even the state itself will create their own digital money, and it will be just the same step into the future.

There will be more and more countries that will jump into cryptocurrency, we can't do anything but to accept that the technology is very fast and even currency change.
One example here is Venezuela, they banned dollar in buying oil, which they replace it with PETRO COIN.
This is one big move from a country to use cryptocurrencies. If you can't stop one thing, can't beat the odds, all you can do is to join them on their victory.

[Yusuf77]

we will not know whether in the future there will be a country that makes its own cryptocurrency, but there are many countries that do not like crypto because it is difficult to control because it is anonymous so the government does not do justice. but if it exists then it will make the country faster and more efficient in transacting so that many countries will imitate it.

[IndeecV]

States are very interested in creating their own cryptocurrency. But it will be absolutely centralized and controlled. Governments will promote their cryptocurrency and ban others.
Right now, the attention of state economists is drawn to the development of cryptocurrency. But stable developed countries will not go to such an experiment first. Everyone is waiting for a successful experience from others and the development of technology.

[Escf4]

When the time comes that cryptocurrency will be recognized and accepted all over the world ,then their will be possibility that the countries or central banks that accepted cryptocurrency will create their own cryptocurrency, like the fiat currency , each country also have their own fiat currency of their own, that might be happenning also to cryptocurrency.

[BennyK]

As crypto becomes more familiar and its demand increases significantly, the governments will have no other choice than to give in to this revolutionary technology. However, the governments will create their own crypto yet make it centralized in order to hold the power of the finances of the people.

[jbarcenas18]

A few countries and central banks have been talking about “digital currency”, and most of them are carefully ignoring the term “crypto”. Fact is- digital currency is not the same as cryptocurrency. These countries/central banks are recognizing the benefits of the digital currency features of cryptocurrency, but they don’t want any of the decentralized uncertainties that come with blockchain-based currencies.
Will countries or central banks create their own cryptocurrency?

It has a big possibility that countries and central bank would create their own cryptocurrency because they would not allow any crypto to envade into their territory. Just like the fiat currency has its own unique and security features that only their people can use of it.