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

[sclmte]

for me it is better to have a currency in the country so well and it is acceptable to the whole government. because the currency is a decentrilized crypto even if it's a digital currency but for me it's the best crypto currency and it's acceptable to a central bank that bitcoin and others.

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[sirminesalot]

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?

every country issues its own crypto currency, I think the nature and function of the crypto currency will actually disappear and of course it will switch functions and the currency will be centered and missing the function of the actual crypto currency

[awawo]

I don't believe this news and since this information is not backed with link on how to see the original news such, but to me no government with want to introduce they own crypto coin because that will kill their legal currency and the banking and traditional financial method which is always centralized.

[TheClownSong]

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?

every country issues its own crypto currency, I think the nature and function of the crypto currency will actually disappear and of course it will switch functions and the currency will be centered and missing the function of the actual crypto currency

If central banks issuing cryptocurrency, it will againts with their policy as last landing resort. Beside that, cryptocurrency always have limited supply and central banks must be want to control the price with more supply in market. I dont think government will issue their own crypto but if that happen, that can not be called as cryptocurrency but digital money

[Janation]

I don't believe this news and since this information is not backed with link on how to see the original news such, but to me no government with want to introduce they own crypto coin because that will kill their legal currency and the banking and traditional financial method which is always centralized.

That is right.

There is no way that a government will ever release their own cryptocurrency in their country and advertise it to be used in the same country. The first reason I see that will contradict this is that their currencies or the fiat that is being used are controlled by them hence it is a centralized currency. Why would they create their own currency and it is decentralized? They will not be able to control it and it will really affect their country.

[buleidada]

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 if crypto will be realized in Japan with government approval, crypto will only become the only digital currency to fulfill modern Japanese life

[Best Dreams]

they make crypto currencies themselves because they want to have control over their currencies. this is contrary to decentralized crypto currencies. although I think they will have difficulties regarding the anonymity of their users.

Crypto currency created by the government will certainly change the nature and change the system in my opinion and of course the legality we will get in the security investment will be guaranteed but the tax will follow it

For me this is not good and if crypto currency was created by government then we must not feel that freedom of using it and making profit, we won’t have the chance to enjoy the benefits of crypto currency as we are having right now, as government could create some manipulation which can put our profit in danger.

[Mila52]

I think that as soon as the central bank of any country releases its cryptocurrency, will immediately arise the possibility of its regulation and control . And this will violate the basic idea of cryptocurrency-its decentralization.

[Script]

And what will be the cost of such a state cryptocurrency? Will it not be so that the issue of this money will be equivalent to printing an empty fiat money supply, which will lead to a new inflation?

[Snaic]

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?

every country issues its own crypto currency, I think the nature and function of the crypto currency will actually disappear and of course it will switch functions and the currency will be centered and missing the function of the actual crypto currency

Even if the governments of different countries release their own cryptocurrency, the decentralized cryptocurrency will continue to exist and people will have the right to choose. Therefore, I do not see anything dangerous for a decentralized cryptocurrency, if there will be a lot of centralized coins of different governments. On the contrary, I think that the general confidence of people in cryptocurrency will increase, they will quickly move to the use of cryptocurrency.

[hen cet]

I think that as soon as the central bank of any country releases its cryptocurrency, will immediately arise the possibility of its regulation and control . And this will violate the basic idea of cryptocurrency-its decentralization.

Cryptocurrency issued by the government means that it includes regulations that apply to the state, so that it is not anonymous and in conducting transactions can be taxed.
By law, in my opinion it is safer because it is protected by the state compared to anonymous cryptocurrency because it is legally difficult to protect.

[Chikito]

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?

even the goverment not touch and speculation cryptocurrency to be centraliztion are good for civil. crypto will be great when goverment make a rule for safety consument. when cust got trouble, goverment can handle it and to be sure crypto will be great like fiat

[DAVETUN]

Government involvement in CRYPTO is sure a good development for the future, Thou government involvement is more of competition to other currency, but it will sure increase the numbers of investors and adoptors of CRYPTO community, with government issuing there own currency, it will attract a form of regulation in the space.

[kennen1113]

Government involvement in CRYPTO is sure a good development for the future, Thou government involvement is more of competition to other currency, but it will sure increase the numbers of investors and adoptors of CRYPTO community, with government issuing there own currency, it will attract a form of regulation in the space.

You can be right that the future of crypto can grow and become more popular when the government participates in this activity but you should consider carefully government actions, they do not randomly create their own crypto. They create for the purpose of competition as you say, and they want everyone to know about their crypto, attract people to invest and control other people's assets, the benefits we receive will be very small while the strict management and tax payment will certainly happen

[BartS]

The question is who is going to use that coin, people like us which understand that cryptocurrencies are an attempt by people to try to get free from government control will never use their cryptocurrencies, and the people that are not using bitcoin do not really have a need for a coin issued by their governments since they already have cash and other electronic payment methods so for the time being I do not see many people interested in adopting a cryptocurrency like that.

[Techie5879]

That would basically defeat the purpose, BTC is supposed to be a decentralized currency, and if government issues it, there will be heavy regulations and it will be centralized, controlled and issued by a central banking authority. Indian govt. was planning to do this with Lakshmi Coin but the buzz just drowned, so I guess it is no more.

[Xising]

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.

Makes sense to me, but I still think that it's an improvement over what we have now in the world and some sort of contribution to mass adoption of cryptocurrencies. People will still get to know blockchain and learn how to deal with crypto wallets. The main potential difference from fiat could be that national cryptocurrencies can have limited supply and bring the end to serious devaluation of currencies. Also, no fake money and no accidentally destroyed money (paper becomes old and unrelaible with time and it's also naturally not protected from mud, wated, fire etc.). As people learn how to use official cryptocurrencies, it will be easier for them to turn to the ones we are used to as well.

I agree. I think governments do that not only to just keep with the times and trend, but it can also be a more secured way to delve into cryptocurrencies because a government, unlike private developers, has more capacity to safeguard the investments of people who use it in their transactions, which most likely, would be picked up by their own citizens. I think, it's just part of the function of the a government to make sure that the money and investments of its citizenry are safe against any forms of scams, which is at the moment, happening in the cryptocurrency market.

[MFahad]

they make crypto currencies themselves because they want to have control over their currencies. this is contrary to decentralized crypto currencies. although I think they will have difficulties regarding the anonymity of their users.

Crypto currency created by the government will certainly change the nature and change the system in my opinion and of course the legality we will get in the security investment will be guaranteed but the tax will follow it

when the government made its own cryptocurrency currency not only was the tax a problem but I am sure there will be an extraordinary economic disaster because there will be price manipulations that can make many people lose.

Exactly, it will happened. But i think people will not interest on government's own crypto, Basically people start working on crypto because of bitcoin, and who are using bitcoin they will not like government's currency. Just like me, if bank create its own crypto then i have no interest on it.   

[Labumi]

That would basically defeat the purpose, BTC is supposed to be a decentralized currency, and if government issues it, there will be heavy regulations and it will be centralized, controlled and issued by a central banking authority. Indian govt. was planning to do this with Lakshmi Coin but the buzz just drowned, so I guess it is no more.

I think that is a strategy from the government that tries to make the price of bitcoin fall by giving a statement like that it will make many traders panic, while those who already understand bitcoin should not need to panic so stay calm and enjoy bitcoin price movements and as much as possible to looking for very much profit.

[BeGoods]

That would basically defeat the purpose, BTC is supposed to be a decentralized currency, and if government issues it, there will be heavy regulations and it will be centralized, controlled and issued by a central banking authority. Indian govt. was planning to do this with Lakshmi Coin but the buzz just drowned, so I guess it is no more.

I think that is a strategy from the government that tries to make the price of bitcoin fall by giving a statement like that it will make many traders panic, while those who already understand bitcoin should not need to panic so stay calm and enjoy bitcoin price movements and as much as possible to looking for very much profit.

I wish it was just birds news, hoaxes or something else. I imagine who is the government developer who will make a cryptocurrency? of course they must form a new bureaucracy, and from that there will certainly be jealousy from the bank and the local currency itself, too complicated to make it real..