A government can create a cryptocurrency ?

[camito]

I think it is possible. If it happens that government can't take control over cryptocurrencies, I think their other option will be competing with these cryptos by launching or introducing their own cryptocurrency. By launching their own cryptos, they will have a chance to take control of their own cryptos, they will know who are those people like us engaging themselves in cryptos. They will have a chance to legalize and put taxes to us.

[clickerz]

I think it is possible. If it happens that government can't take control over cryptocurrencies, I think their other option will be competing with these cryptos by launching or introducing their own cryptocurrency. By launching their own cryptos, they will have a chance to take control of their own cryptos, they will know who are those people like us engaging themselves in cryptos. They will have a chance to legalize and put taxes to us.

That is a very possible scenario, a government institution launching its own cryptocurrency is a good move I think on governments side, and once this develop they can really benefit the blockchain technology. The problem is with the people using it as they are still controlled within the system.

[Cynooza]

Well, a government can create a cryptocurrency, but if they make it centralize and reserve the right to influence its supply and flow that will make it almost undiscernible from fiat money and highly uncompetitive.

[boled]

Of course, anyone can make a crypto currency, including the government. about investment or not, it depends on the product, if it is good, and much in demand, why not. Many determining factors, unable to speak at this time to reject or contribute. But as much as any new crypto popping up, I still believe in Bitcoin.

[shoaibmahar]

Yes,Government can hire own developers and create own coin to operate the financial activities.

[mostcrack]

It is true that the government has a great opportunity to develop large projects by creating its own cryptocurrency, but there are many opportunities between success and non-success projects where there are many better reputable coins especially for Bitcoin and I'm sure most people prefer bitcoin because of their investment more real and no one can manage Bitcoin, I am somewhat surprised there are many people who do not want to be regulated? will the government be more stressed in terms of taxation that might incriminate people? I think there will be a rather disturbing rule outside of coin ownership, of course it would happen if the government created its own crypto and set it thoroughly.

[greatk]

In the nearest future, national governments and Central Banks will start creating their own token backed by one thing on the order.

In fact, nations are only waiting for the success or failure of Petro coin launched recently in Venezuela to use their case as a learning point.

[Whitly]

I think, it's possible for the government to create own cryptocurrency and I more, than sure, that government will do it, And here right words, what  I heard from other users here  "join them if you can't beat them".  But, then we should think, what will happen to cryptocurrencies what already exist, I think will be two way, or they will be banned or they will be regulated.

[hahay]

Yes anyone can create cryptocurrency, because we can see there are many tokens that have sprung up which means cryptocurrency can be made by anyone who has the ability and expertise in that field to create cryptocurrency. If the government makes its own crypto, I think there will be many who support it by investing in it, because after all the government is very influential to the people.

[Elseye]

Yes, of course, why not? In Venezuela they already made it, also I heard numerous rumours about crypto-rubble.

[Shenzou]

What do you think about this possibility ? Would you invest in your government currency ?

I would most defiantly not, the whole idea behind creating and using cryptocurrency is to get away from the centralization and the control of governments and banks over your finical life, and i would imagine that having a cryptocurrency made by government would defy the whole purpose of i, and not mentioning how users will be monitored and transactions would be controlled and limited, and i ams ure most the people who are truly using cryptocurrency would never invest in such a scam.

[ceferov]

Of course but only centralized ones I believe. This is what most of the economics forecast will happen

[darkangel11]

Are you really answering that it's "possible" without mentioning the petro? It has already happened, government cryptos are already on the market!
Of course they are going to centralized, it's the point of creating your own instead of accepting one of the existing ones. Governments who want to remain in control at the same time benefiting from the popularity of cryptocurrencies will surely try. Whether they succeed is another thing. I wouldn't buy into that if my government decided to create its own.

[Spaffin]

What do you think about this possibility ? Would you invest in your government currency ?

Governments are already creating their own centralized digital coins, and an example of this may be Venezuela Petro. However, this coin is said to be provided with oil. We are also interested in how an ordinary centralized digital coin will behave, which is not guaranteed by anything. While such experience we do not.

I can not now say I would invest in the centralized digital coin of my state. Everything will depend on what kind of coin it is, what characteristics and conditions of circulation, how freely it will be used, whether anonymity and many other circumstances will be preserved in it. If this is unknown, then it is impossible to give an unambiguous answer whether I will invest in it. The state can not be trusted in this plan. On the use of crypto currency, the state and citizens have different approaches and interests.

[Persiville]

Are you really answering that it's "possible" without mentioning the petro? It has already happened, government cryptos are already on the market!
Of course they are going to centralized, it's the point of creating your own instead of accepting one of the existing ones. Governments who want to remain in control at the same time benefiting from the popularity of cryptocurrencies will surely try. Whether they succeed is another thing. I wouldn't buy into that if my government decided to create its own.

I've heard plenty of rumors that some countries are already making their own cryptocurrency, and i think you have a point there, they will try to find a way in order for them to benefit in crypto, but if i were to be asked if i would buy some, well likely i would not buy. Only if it is really needed  or each one of us would obey their protocol, so maybe that's the time i would buy or invest to such centralized token they have made.

[ChConcept]

Governments can do this. Why? They can practically hire miners and start their own crypto, this isn't even a remote possibility at all. Crypto currency is gaining a lot of ground over the past couple of years and continues to garner interest from all walks of life. The question here is, how would that affect the current state of crypto currency? Personally, I think it would stir up a lot of controversy but BTC and other alt coins would continue to be on top of the mountain.

[traderethereum]

What do you think about this possibility ? Would you invest in your government currency ?

I am sure that the government can do this with easy because they have a large resources and they have capability to do this. and if they are created their own crypto, I will learn first about their project, search for many information about their project, and if I can, I want to talk to them about their project because if I want to invest my money, I need to know everything about the project.

[torch2121]

If the project is good why not. I will support it. If it will benefit for all country men, not for the rich people but for all. Equality.  Why not. Addition also is when the politician has a good credibility. As long as that it is not controlled by a corrupt government or politics official that is know to corrupt and a politician that are only good when election is coming. I will not support.

[kateryana81]

Well, a government can create a cryptocurrency, but if they make it centralize and reserve the right to influence its supply and flow that will make it almost undiscernible from fiat money and highly uncompetitive.

Idea is fantastic but they will never do this. Reason is, they are afraid of bitcoins that might be bitcoins would become the source of their disastrous life. Because when bitcoins would be implemented, they will never allow them to do corruption. They will never be controlling these bitcoins and hence no tax can be paid and they wouldn’t be having any profit from that. So they just claimed it illegal.

[EnricoGomez]

Of course the government can create their own cryptocurrency.
A lot of companies and corporations even think about their potential and launch their own.
They may even use this crypto as their own nation's currency in the future, I guess. Though I hope it is not under their control as it violates the advantage of crypto being decentralized but rather impose laws and ground rules to govern the use, impose tax and prevent crimes related to it.