France to launch their own cryptocurrency

[bounceback]

well, it seems like France will also launch their own cryptocurrency next year. it's funny that just year ago they despise cryptocurrency(article about it) and now they are launching their own cryptocurrency
and even teaching high school students about cryptocurrency(article about it) and preparing them for it. how things have changed in just a year

It seems like this incident is the same as in China in the previous year where their government really hates digital currency and but recently their government has announced that they will launch their own digital currency that works with blockchain technology, sometimes I also confused actually why some of their governments are so worried about cryptocurrency that they hate it and I'm sure in the future the government cannot avoid adopting bitcoin.

[alyssa85]

Is this the norm now! Countries are creating their own cryptocurrency this days, am wondering how this is going to benefit the crypto space, at least, this government of this country's are recognizing the importance of digital currency,  if this is a good thing i hope other countries will emulate them.

It's not going to benefit the cryptocurrency space. They are creating these coins in order to adopt one of bitcoin's benefits (ease of payment across the internet with lowish fees) in order to kill bitcoin. Their thinking is that if you can get bitcoin's benefits from an official coin, why would anyone use bitcoin.

[rodskee]

well, it seems like France will also launch their own cryptocurrency next year. it's funny that just year ago they despise cryptocurrency(article about it) and now they are launching their own cryptocurrency
and even teaching high school students about cryptocurrency(article about it) and preparing them for it. how things have changed in just a year

actually there is nothing new in this kind of changing sides.

like china's stand in past and now they are standing towards this,and many more that i already forgot.

what is important with this action is the adoption they are doing that will bring positive to crypto world.specially in EU part that we knew is starting their way towards crypto.

[Wind_FURY]

well, it seems like France will also launch their own cryptocurrency next year. it's funny that just year ago they despise cryptocurrency(article about it) and now they are launching their own cryptocurrency
and even teaching high school students about cryptocurrency(article about it) and preparing them for it. how things have changed in just a year

actually there is nothing new in this kind of changing sides.

like china's stand in past and now they are standing towards this,and many more that i already forgot.

what is important with this action is the adoption they are doing that will bring positive to crypto world.specially in EU part that we knew is starting their way towards crypto.

It will not bring anything positive to Bitcoin. France will only be developing a type digital fiat with a centralized ledger.

[Shenzou]

I feel right now that we are entering a new ear of digitalazation, last year we saw that many countries have  started regulating the use and the exchnage of cryptocurencies and bitcoin, just because they had no control over its network and they saw its potential and what it was capable of doing, and today we see many of them like France, China and Germany preaparing to create their own cryptocurrency which is going to be centrelzed, and i am pretty sure that other governments will do the same as well in the near future, and sooner than we know it the whole finincial system and fiat will be replaced by cryptocurrency that are made by governements.

[killerfrost]

China was like that, in 2017 it took measures to ban cryptocurrency. And until recently, they announced that they would accept cryptocurrencies and intend to issue cryptocurrencies to their countries. I am confident that in the next few years this market will grow strongly

[imstillthebest]

one year is alot of time so its expected that people can change mind within that time span  and not just this country but other countries were simillar to this where they ban cryptos and unban it after some time but some of thier are worster because they are just repeating the same cycle ( ban , unban , ban , unban )  i dont know what is with thier minds  . why can they just unban cryptos and leave it there  ?  that would be more interesting to see cryptos grow than seeing the news about this  .

[DaveWave]

Just like China. France can create their own version of crypto currency but big possibility it is centralized. No one can hate blockchain but admire it. Governments will adopt it but we do not know what kind of version is it.

[crwth]

From that statement, then France truly has understood the "essence of cryptocurrencies"? Please answer, what is the "essence of cryptocurrencies"?

I just said it. It’s a digital currency . Tell me what bitcoin solved when utilizing digital currencies? What does other “virtual currency” that bitcoin has? Why did suddenly banks thought that it’s possible to do digital cash now and possibly create their own?

I didn't say something was wrong. PayPal wants to improve the financial system too, I don't hate PayPal.

So you hate central banks then?

[smyslov]

well, it seems like France will also launch their own cryptocurrency next year. it's funny that just year ago they despise cryptocurrency(article about it) and now they are launching their own cryptocurrency
and even teaching high school students about cryptocurrency(article about it) and preparing them for it. how things have changed in just a year

There are so many things that have change and will change because of adoption, China is one example, another one is Facebook we all know that these starts as against Cryptocurrency, but now they are creating their own coin, because they have seen the opportunity behind these technologies, and they want to take this opportunities.

[red4slash]

well, it seems like France will also launch their own cryptocurrency next year. it's funny that just year ago they despise cryptocurrency(article about it) and now they are launching their own cryptocurrency
and even teaching high school students about cryptocurrency(article about it) and preparing them for it. how things have changed in just a year

There are so many things that have change and will change because of adoption, China is one example, another one is Facebook we all know that these starts as against Cryptocurrency, but now they are creating their own coin, because they have seen the opportunity behind these technologies, and they want to take this opportunities.

some countries see bitcoin from the technology behind it, so maybe they would prefer to adopt it themselves. if many countries adopt blockchain technology, the development of digital currency will develop a lot, and may have a positive impact on crypto, even though competition will be more numerous

[Ucy]

I wish we had a clear definition of what Cryptocurrency is or what qualifies a cryptocurrency.
I think a clear standard will help people recognize what is real or fake. Unfortunately, we have no such standards hence anything goes. If the community grades cryptocurrencies based on agreed standards, fake cryptocurrencies will have no place in this space. They will struggle to survive. People who promote them will be ostracized or isolated.


Well, Government owned "cryptocurrency" will likely not be immutable, decentralized, transparent, censorship resistant, deflationary, limited in supply, permissionless, trustless, etc . These are important features of true cryptocurrency.

[dimonstration]

Just like China. France can create their own version of crypto currency but big possibility it is centralized. No one can hate blockchain but admire it. Governments will adopt it but we do not know what kind of version is it.

It will be a trend in many countries, to implement their own token. We just don't know the real purpose but they will intend to do it to monitor atleast some crypto users or for them to limit their people in using other cryptocurrency since they will be require to do it in their centralised system. Will see whose going to follow after this.

[johnwest]

Sooner or later every country will try to create their own crypto and test the scenarios. They think they can manipulate crypto like conventional currencies but I dont think people will fall for this now.

[Meowth05]

well, it seems like France will also launch their own cryptocurrency next year. it's funny that just year ago they despise cryptocurrency(article about it) and now they are launching their own cryptocurrency
and even teaching high school students about cryptocurrency(article about it) and preparing them for it. how things have changed in just a year

This only means anything can happen. I hope that other countries will also acknowledge the existence of this technology which is crypto. What make me very amaze is when the France government come up to the idea of having crypto in the school curriculum. This would widen the knowledge of youngsters in the field of crypto.

Sooner or later every country will try to create their own crypto and test the scenarios. They think they can manipulate crypto like conventional currencies but I dont think people will fall for this now.

Possibly this will happen, every countries would like to create their own digital currency perhaps the efficiency it can gives, I think to dethrone Bitcoin on its position of leading digital currency as well and to monitor every transactions of their people.

[suvo05]

Blockchain challenges the life old banking method and brought new changes in the banking method so the countries that are taking this risk will be a step ahead in the future, economically. It is always important to adopt current technology as soon as possible a country like France has understood this. Soon every country will start understanding.

[countryfree]

LOL!

An official French crypto! Judging by this country's current deficit, theirs unbalanced budgets for the last 40 years, and weekly strikes everywhere in France, you'd have to be mad to have faith in it.

It's good for BTC, though.

[GeorgeFeb]

FrogCoin!

[diahsw]

if that's good news or funny news, if you remember from a year ago they hated bitcoin, it would be interesting and funny news, it's a sign that bitcoin can be accepted by people who hate it though .. !!

[Zemomtum]

The way things are going, I will not be surprised to see the whole global economy digitalized in the next one to two decades.