A government can create a cryptocurrency ?

[Gumpfire]

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

In my own personal opinion, government has a freedom to create their own cryptocurrency but i think it will not happen because most of them are against of bitcoin and cryptocurrencies. But if that happens i would to invest on their coin because maybe it would have a great value.

[Spaffin]

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

Governments can create and already create their own centralized crypto currency. The most famous and widely discussed is the Venezuelan coin of Petro, which is provided with oil.
I can not so unequivocally say I would support my national centralized digital coin. It depends on what kind of coin it is, on what terms it will be released, on what conditions it will go inside and outside of the country, what advantages and disadvantages it will have in comparison with the decentralized cryptocurrency.  

[Dark Sky]

Yes of course but it will to collapse of banking system most of the times. But that crypto currency would be a really leading currency in the world.

I think banking system will never going to down because banking system control the economy of a country so that's why online working is also control by banking system, but i think people will fear from government cryptocurrencey because they just trust in bitcoin.

[Ailmand]

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

It surely can because it has the capacity, more so the capital to invest in it, especially if they can prove that such investment would add up revenue to the country with consideration of the time it needs to mature. And yes, I would surely invest in it because as they say the government, no matter how rich the country's populace is, is still the biggest and most powerful business entity in a country. Therefore, in its locality, it holds the power to keep the coin they created in good business standing that is always good for an investor.

[adzino]

Why would you use a crypto currency created and controlled by the government? We already have fiat currency, we will not be needing that garbage to be honest. The main reason people are using crypto currency is because it is decentralized and free from government control. As soon as the government starts controlling the currencies it ends up being a centralized currency, something everyone is trying to get rid of.

[mobilestrike]

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

Of course if government want to create a cryptocurrency so it is possible. If our country government want to launch a cryptocurrency so i invest in my government currency.

A government had already created a coin for their petroleum and in this case we can say that it is already done by one government so any other government can create their own coin for any industry of their state.
I also like the coin of my country and will invest in my country coin to support it but for the harmony I will like to promote bitcoin more as it is a currency of the whole world.

[zarados]

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

I've also asked this kind of thing before on a government-related topic that will replace the currency with bitcoin. Well, I would argue, if the government wants to change the financial system into blockchain technology, they would prefer to create their own cryptocurrency instead of using bitcoins that they can not manage. However, it may take time for the cryptocurrency of their creation to spread throughout the world

[Superzpay]

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

If the government is well expert in blockchain technology and their rulers know well about the technology of blockchain and about its benefits then they will be able to create a cryptocurrency and they will implement it in their state as a currency for the use of the state. Anyone who will see their government starting a coin will readily invest in that coin as they will have a guarantee of safety from their state for their investment.

[traderethereum]

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

If the government is well expert in blockchain technology and their rulers know well about the technology of blockchain and about its benefits then they will be able to create a cryptocurrency and they will implement it in their state as a currency for the use of the state. Anyone who will see their government starting a coin will readily invest in that coin as they will have a guarantee of safety from their state for their investment.

I am sure that the government has ability and expert in blockchain technology because they have an unlimited resource that they can use to find something that they don't know. and if they think that something will give many benefits to them, I am sure that they will try to create something different than any other products. and in the cryptocurrency, I am sure that they can create their own crypto easily and they can spread it to many people in that country and they will offer the benefits of their coin to them.

[PSL]

Of course, the Government of any country can develop its cryptocurrency. As examples you can look at the experience of Venezuela and Iran. But I am closer to the approach of Japan-not to invent a bicycle, but to work effectively with existing cryptocurrencies.

[ivankoh]

Of course, if you wanted to, every country would be able to create its own crypto, but I think that is not the same as the current paper money that every country is using, as the nations do. Our own crypto will be like the currency markets of today. I think that every country should have a way to acquire and manage blockchain technology to apply to the financial and economic management of the country.

[kyucryp]

Of course every government can create its own cryptocurrency. If my state government creates cryptocurrency then I will buy and invest. Cryptocurrency is a revolutionary currency to prevent inflation is not surprising if many countries that want to adopt it.

[xanxus.kun]

they are free to do so, i guess they can create and invest in their own ico but the problem is cryptocurrency is decentralized, and the one who controls it is the demand and supply of the coin, the thing is every government wants to be in control, so making it centralized might cause some problem if they do so.

[PacePay]

they are free to do so, i guess they can create and invest in their own ico but the problem is cryptocurrency is decentralized, and the one who controls it is the demand and supply of the coin, the thing is every government wants to be in control, so making it centralized might cause some problem if they do so.

But many countries will like to start that coins for their state if they will create their won wallets for that coins and if the wallets are web wallets and are controlled by the banks of that country. If this situation will be created that the country rulers will not have are restriction and obstacle for them to create any cryptocurrency for their states.

[BitcoinMarketer39]

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

Government can do anything, the reason why government is so afraid about cryptocurrency is because, there are members of the government who are corrupted and they did not want their own people to become wealthy.

[shinchan123]

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

This is actually possible, seeing how cryptocurrency works, the government tends to get drawn from it and they think one of the effective ways to relate to the people is to create their very own. I would invest in it depending on how useful and reliable it is because it may affect the transactions within my country.

[bitbunnny]

Everyone can create cryptocurrency, person, organization or government but the question is whether that makes sense and will that cryptocurrency have any success.
Just because it's created and supported by government that doesn't guarantee to cryptocurrency that will be adopted by users and have any chance to compete with Bitcoin or any other successful cryptocurrency.
So to my opinion any government can create own cryptocurrency, why not.

[dcif80]

I think it is possible
and sweden try to make it

[pathapoddo]

I will invest in government currency. Because it will help my country and my government to develop their economy and the other development.

[jonaire99]

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

Some countries has already created their own cryptocurrency like venezeula, ecuador, china and others. It was started by Venezuela President who proposed to create their own cryptocurrency called Petro, with each unit would be backedvwith one barrel of oil. If many nations follow the example of Venezuela, it could surely change the international monetary system in the future.