What do you think about crypto currency issued by the government?

[South Park]

It is said that central banks plan to release their own curypto currency in some countries,for example Japan..
 
How do you think about these crypto?

Those coins are completely irrelevant to me, those coins are not even cryptocurrencies on my eyes and I do not care what kind of promises the governments make I will never put a single dollar in one of those coins because I know that eventually they're going to change the rules saying that it's for the better when we know that they are only trying to benefit themselves.

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[Xardasim]

The time will tell if this will be successful project or not. It's good thing that such bank has appeared but the fees are horrible. With some competition that might appear in the future hope this will change too. And let's see how users will accept this new concept.

I do not think this will be a successful project for any government due to reasons like it will not be decentralized and will be prone to imposing policies and regulations by the government that give rise uncertainties and uncertainty is something that reduce the interest of the investors to invest. So I think this project might possibly not work if we do not get investors. Also if the demand for the project is down, nothing is going to generate the money.

I don't think so. We are currently using central paper money created by the government and even evaluate bitcoin with it so we have to use it as a payment method. Think of the digital money to be created as paper money. If it will be the payment method there is no way out and they are not going to take care what you think.

[tapaibuccok]

It is said that central banks plan to release their own curypto currency in some countries,for example Japan..
 
How do you think about these crypto?

i think the main reason for prohibitions is very simple. Transfers in a currency different from the national one, lead to poor economic performance, including GDP (one of the main indicators). This way, it is easier to launder money or transfer funds outside the country. Neither banks nor payment processors will get their interest.

[Menawi12]

It is said that central banks plan to release their own curypto currency in some countries,for example Japan..
 
How do you think about these crypto?

I think it will good but i think its just like fiat money with blockchain system. Government still control the supply. The different think between fiat and bitcoin is on the control. In bitcoin, no one can control the supply and no one can change transaction data.
If government decide to issue their own cryptocurrency, its a progress but i am believe its different with bitcoin

[LieTOme]

for now I cannot give an opinion about it because in my country the crypto currency has not been fully inaugurated and recognized by the government as the applicable currency

[zacad]

The government’s issuance of cryptocurrencies is very good, which means that the country is fully accepting cryptocurrencies, which is a historic moment. But please note that the most important thing here is which government issued the coin. I like it very much in Japan. However, I will not buy coins issued by Venezuela, which is related to economic strength.

[reverseflash]

This is a good way to take a promising place in crypto. In fact, the transition from the usual virtual (non-cash) currency to the cryptocurrency is quite expected and is the next step in the development of the economy in IT and, in principle, we expect from a technologically advanced state.

[South Park]

The government’s issuance of cryptocurrencies is very good, which means that the country is fully accepting cryptocurrencies, which is a historic moment. But please note that the most important thing here is which government issued the coin. I like it very much in Japan. However, I will not buy coins issued by Venezuela, which is related to economic strength.

I disagree with this view, if the governments want to print their own cryptocurrencies then that is the right and we cannot stop them but I do not see that as a good development because that means they are going to try to promote the usage of their coins over decentralized cryptocurrencies and many people are going to be dumb enough to believe them and use their coins.

[loragean03]

The government’s issuance of cryptocurrencies is very good, which means that the country is fully accepting cryptocurrencies, which is a historic moment. But please note that the most important thing here is which government issued the coin. I like it very much in Japan. However, I will not buy coins issued by Venezuela, which is related to economic strength.

I disagree with this view, if the governments want to print their own cryptocurrencies then that is the right and we cannot stop them but I do not see that as a good development because that means they are going to try to promote the usage of their coins over decentralized cryptocurrencies and many people are going to be dumb enough to believe them and use their coins.

I agree, It will be clear for us that the government will surely develop their own coin and crypto currency. they will use their power and implement some regulations and rules that promotes their own crypto currency, and as we know it the crypto currency that are visible now in the market will not be used anymore, it is better if the government will accept also the crypto currrency we have now.

[Tetutu]

if government issued their own cryptocurrency , maybe investor more trust in this project.and will collecy huge money.maybe this is could be good solution to get money than issue bond.

If the government issues its own cryptocurrency, I am sure that cryptocurrency has been modified with government interests, among others, to obtain tax revenues and to be monitored. But with the guarantee of the central bank, it creates high trust for its users, because it is issued by the government.

[Seeker#9]

Any cryptocurrency that will be issued by the government will surely centralized and bring more benefits to the government. A national currency like the dollar or yen can be developed into cryptocurrency by its government, same like ripple, to match the growing popularity of bitcoin and other well known blockchain-based virtual currencies. Government-issued virtual currency can manipulated by the central bank to stabilized its prices like the ordinary fiat.

[randyg29]

Governments making their own currency is so good but I think most of the participants of it is their locals and I think if they don't have a good plan of project it will surely have a chance to get more investors outside. But still a good idea to have just make them sure that it will be useful in the other country to make it more successful.

[BitcoinCommodor]

It is said that central banks plan to release their own curypto currency in some countries,for example Japan..
 
How do you think about these crypto?

If ever the governments will issued a cryptocurrency of their own I think it will be hit for a reason that many people are still a believer of their own government however I don't see it as a totally positive thing because I think the government only wanted to control the cryptocurrency such as maybe put a tax into it. Well we can't really say something.

There are totally two school of thoughts till now that I have read about. One is, government would never do that because if it would, those with big population took over maximum crowd and they would be like whales. And in contrary, low populated countries would suffer badly. Second, how 206 or even more countries have different curio and how they would integrate it.

[JMD07]

Cryptocurrency issued by governments are centralised coins they are just replacement of fiat currency

Yes that's true, they have all the control of their issued coins and anytime they can add more coins into the circulating supply. This might be a digital fiat in my opinion.

[faceoff97]

It is said that central banks plan to release their own curypto currency in some countries,for example Japan..
 
How do you think about these crypto?

A centralized coins misses the point why Crypto os made in the first place. It should he take note that Crypto enables us to be free from any control even the government. This gives us the security we need and the transparency we could never had in a centralized coins. This is why, we should be aware that coins who has the legit feature of Crypto will be tge one who will succeed. To have complete freedom from any third party, user must avoid closed source wallet or exchange wallet. The private key and public code should be available to the user, Hodler wallet is a good example how decentralized system is used.

[hahay]

If there are central banks from several countries that will release crypto themselves, I am very confident that the crypto they release will quickly grow and the possibility will also have a price that continues to increase, the reason is because of the high enthusiasm from the community and moreover the crypto is directly managed by the central bank, because we know most central banks from several countries are against crypto.

[Akpuv]

It is said that central banks plan to release their own curypto currency in some countries,for example Japan..
 
How do you think about these crypto?

Any cryptocurrency that is issued by any government will be a very stable coin just like the national currencies. Such cryptocurrencies will be very ideal for investments.

[Ozero]

It is said that central banks plan to release their own curypto currency in some countries,for example Japan..
 
How do you think about these crypto?

I think that the release of their centralized cryptocurrencies by the governments of different countries will only benefit the entire decentralized cryptocurrency. This will draw attention to the cryptocurrency in general. There will be more confidence of citizens in cryptocurrency if the state itself creates its own cryptocurrency.

[basyang]

It is said that central banks plan to release their own curypto currency in some countries,for example Japan..
 
How do you think about these crypto?

Well If one country released their own cryptocurrency then I think it is fully accepted in that country. We all know that cryptocurrency is not yet legal in many countries and I do not know of it is fully accepted in selected countries who accepted it. If one country released their own crypto currency then I think crypto will be accepted or be legal in many countries to used it.

[West0813]

Its to trust cryptocurrency that are release by government. Becaise we all know that many government are corrupt. If they release a cryptos it means that they have the full control of it. And that not a good thing foe me.