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

[Fitrilalala]

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 its a good think and that means goverments are supporting transactions using cryptocurrency.

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.

in my opinion it will make it even hard to corrupt if all transaction are using cryptocurrency that are using blockchain technology. I think its the reasons why transactions using cryptocurrency sre better than using fiat currency, it will improve transparancy, safety and all data will be recorded permanently so it will reduce corruption.

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[SirLancelot]

since japan is a well reputed country in all terms I guess it is a break for cryptocurrency to introduce itself in many countries. It will be good since Japan always have a plan whatever they lauch so it will be a good one if they will regulate the market of cryptocurrency.

Well if they are working on bitcoin and want to make their own currency then it is quite good news for the world of crypto. Although this might affect the name of bitcoin but it’s okay. When crypto would become stronger, bitcoin would be too. so, don’t just worry rather start buying bitcoin. Japan is working classic and I am damn sure they will come out with something big.

[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?

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.

No one will want to invest in those currencies, those that support the government can just invest in fiat, and those people that are suspicious about the intentions of a government printing their own cryptocurrency will invest in decentralized cryptocurrencies or they can choose to invest in precious metals, so no one is going to invest in such currencies because no one will believe in them.

[sidodadii]

if cryptocurrent still be cryptocurrent i think its no problem. but if they release it to control all crypto in Japan, its sad. but we still need control. we can control ourself, so we need an institution. and i thing exchanger have high part for this story

[Otsu]

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 don't think they will provide their own cryptocurrency because if they do that, the effect will be only the same as fiat since it is controlled by government. Unlike decentralised currency where the chances to gain profits are very possible to achieved and reachable.

[bce]

crypto currency issued by the government I think the future development will be the same as the fiat currency and does not function in the same way as the crypto currency

[Dimas99]

I see advantaged and disadvantages of cryptocurrency and blockchain technology that will be issued and regulated by the government. One of its advantages is investors and recognition by its people and it can potentially increase the governments assets, on the other hand one of its disadvantages is that it could be used by politicians against its people or in corruption and we will never know it as there are many politicians that are very manipulative.

maybe with the strengths and weaknesses that you mentioned in your opinion I think that can make the future of the currency that will develop will be better and grow with fewer weaknesses that we will accept

[niko337]

I see advantaged and disadvantages of cryptocurrency and blockchain technology that will be issued and regulated by the government. One of its advantages is investors and recognition by its people and it can potentially increase the governments assets, on the other hand one of its disadvantages is that it could be used by politicians against its people or in corruption and we will never know it as there are many politicians that are very manipulative.

I think from the onset of why Governments are creating cryptocurrency is first and foremost about control? Right now they see decentralized cryptos as something that will greatly disadvantage govs in terms of control. so to create a centralized crypto is certainly a good idea. Of course, there is always a possibility that politicians may attempt to manipulate and corruptions will become a problem. Afterall, in Fiat, we see corruptions all the time... the big and small and the hidden ones. All these are possible with all the centralized control present. it is a system they are used to. and almost-perfect system which each govs can benefit from.

Even then with govs coming up with their cryptos, i believe it will make decentralized cryptos even more desirable as the contrast will be greatly distinguished by market players, consumers, you and I. The public can actually compare a decentralized crypto to a centralized crypto 😎, instead of crypto to fiat where only uncertainty prevails 🤷🏽‍♂️.

So, let the govs create more centralized cryptos.😆😆😆

[trauchot]

I think this is a great idea for such countries in which central banks will issue their own cryptocurrency because with these cryptocurrencies it will be possible to pay for anything with these tokens throughout the country and many people will come to the cryptocurrency sphere after such opportunities.

[perfect999]

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 don’t think the government will do such a thing, maybe they will produce cryptocurrency dollars, but we are not sure of that yet. Not everyone is ready to be making use of cryptocurrency as a way of making transactions. I have heard a lot of people talk about Sweden, but I’m yet to understand what they mean, is it that Sweden is making use Bitcoin or they are just going tech?

[krishnaverma]

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?

There should be consistent growth in such type of crypto because:

1) Since it is backed by government, people will also invest fearlessly.

2) Government might give initiatives to promote the use of crypto.

3) Finally, government has the budget and resources to advertise crypto which can lead to mass adoption.

[Douglasyukanov]

will never be successful and really run with the government bank but if. they may use the blockchain system, we have heard that the Venezeula government issued crypto currencies to suppress inflation in their currencies, but what happened all did not workeven the country should experience a very serious deficit.

[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?

I don't think they will provide their own cryptocurrency because if they do that, the effect will be only the same as fiat since it is controlled by government. Unlike decentralised currency where the chances to gain profits are very possible to achieved and reachable.

I disagree, they are going to do it, you may not see the reason of why they will do it because you are only seeing this from your point of view, but from the point of view of governments they want to confuse the issue, they want confuse people, they do not want the average person to adopt cryptocurrencies because they know that they will be unable to control them so they are going to create their own crypto and are going to promote it and say that it's better than what has been created so far and people are so dumb that they could believe them.

[Epimetheus]

Those are not real crypto-currencies. Those are just digital versions of the fiat currency, similar to Paypal or Skrill. A crypto-currency should be decentralized. It can't be issued by any central bank.

Cryptocurrency are mainly decentralised in nature. If any government issued it then it lost its decentralised nature. The cryptocurrency become under control of government term and conditions and turns into a. Centralize currency. If that happens it have both positive and negative effects. Positive effects like its volatile will be decrease and it become more stable and investor suffer less investmental crisis. But the negative effect is their is no freedom to user in their cryptocurrency job.

[buharikx31]

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?

There is a lot of advantages using the local cryptocurrencies at each country which will be definetely implemented at bank systems if it's already a local currency, people would have options to withdraw with cash, keep on card or send it to your wallet. I dont think there would be any issues with transactions if it's blockchain an open type, so goverment can see all of the transactions at system and definitely there would identification for each user that are using it  

[Tonnakyray_21]

Crypto released by the government is the instrument of control. I do not like that idea.

[kkaroul4]

crypto currency issued by the government I think the future development will be the same as the fiat currency and does not function in the same way as the crypto currency

It seems like that because with the government releasing the digital currency, there must be someone who regulates the coin, so if it is true it will be very good news and can also make other digital currencies experience good travel and development.

[posi]

Crypto released by the government is the instrument of control. I do not like that idea.

I dont see any bad idea in government issuing their own cryptocurrency because it shows that they are literally appreciation bitcoin and the blockchain at large. Although, their cryptocurrency might be centralized but at least issuing their own crypto will boost the world understabd about crypto and government wont place ban on bitcoin and other crypto.

[Nissan-GTR]

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 this is possible, cause they have realized already that they can't beat down this community and through this they can create a big competition within the two which we can say is a total mess since what the thing that they're trying to create is definitely a big contradiction through their system and will cause several malfunction and inappropriate things ro come.

[Captain Sneeze]

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 dont think that it will be a nice idea. Governments are against cryptocurrency and maybe this is one of their idea to pull crypto down which is impossible. Government will always find a way to ruin crypto. It wont be successful.