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Author Topic: Will countries or central banks create their own cryptocurrency?  (Read 2730 times)
Glok17
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September 01, 2018, 05:47:53 PM
 #421

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.

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September 01, 2018, 06:11:16 PM
 #422

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.

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September 01, 2018, 06:36:52 PM
 #423


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!
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September 03, 2018, 08:22:58 AM
 #424


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
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September 04, 2018, 06:52:16 AM
 #425


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.

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September 06, 2018, 08:18:32 AM
 #426

Many country is making their move making their own crypto. China, Russia, Venezuela, Kazakhstan to be name a few. and banks as well. 
Lengcengteng
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September 07, 2018, 02:36:58 AM
 #427

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.
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September 08, 2018, 02:01:32 AM
 #428

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.
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September 08, 2018, 04:10:42 AM
 #429

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 ...
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September 08, 2018, 04:42:57 AM
 #430

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.

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September 08, 2018, 05:27:22 AM
 #431

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.
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September 08, 2018, 05:30:55 AM
 #432

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.
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September 08, 2018, 07:31:11 PM
 #433

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?

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September 13, 2018, 09:13:12 AM
 #434

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.
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September 13, 2018, 09:26:14 AM
 #435

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.

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September 15, 2018, 08:40:15 AM
 #436

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.
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September 15, 2018, 09:00:45 AM
 #437

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.

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September 15, 2018, 09:39:13 AM
 #438

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.

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September 15, 2018, 10:15:47 AM
 #439

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.

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September 15, 2018, 10:21:42 AM
 #440

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.
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