Will countries or central banks create their own cryptocurrency?

[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.