Some governments have plans to launch their own cryptocurrency

[Rinat8368834]

They began to realize that they have nowhere to go from the cryptocurrency, so they are introducing state-owned cryptocurrency to keep it under control. Since now the government is missing out on a very fat chunk of taxes, which no one pays them.

[Zezari]

It has already been noticed that some countries want to bring their own cryptocurrency into their economy, but it will have the same popularity as bitcoin or ether.

[Seerge]

That's right, Cryptocurrency continues to grow and is increasingly in demand by the community. And of course this is what triggers a country to create a new Cryptocurrency, of course later every Cryptocurrency that is launched will have different values ​​from one country to another. But I hope that in the future if this has been realized, then the competition that occurs is healthy competition between these Cryptocurrency coins.

[Pitter]

Yes it's true according to recent news of China . they announce they will be created a new own cryptocurrency by the government not only china Russia and USA also do the same . I think the plan shall be better for developing cryptocurrency .

[Piku]

Developed countries would be great for trading if their own cryptocurrencies were brought to market. Indigenous people will trust the most in terms of transactions. So if different people bring their own cryptocurrency to the market then it is considered as a great result. And I welcome that decision. If the governments of the developed countries start doing it first. Later, middle-income countries will have a tendency to market their own cryptocurrencies.

[pieppiep]

when the government starts launching its own cryptocurrency, it is certain that it will not increase the price because it will only circulate locally and cannot go international because we all know that there are no clear regulations regarding the use of cryptocurrencies in various countries.

[Rubel007]

Many countries are working on it, among them China has already made it but it is not fully publicized now, It can be said that the process is on going . On the other hand, the Indian government has said that they will use their own currency. In this way each country can be seen at a time that has created its own currency.

[Jaephoenix]

I just had a sneaky thought as I was reading your post. Those middlemen like Visa, Mastercard, Payoneer etc are trying ways to reinvent themselves and remain relevant, thus their vested interest in crypto. In a few years, when CBDCs would be popular, their usage would have stopped

[Tepona]

The governments of some countries are trying to bring their own cryptocurrencies to market. Because cryptocurrency has already been approved in their country. Various services have been introduced for cryptocurrency transactions in different countries or in economically developing countries. It is possible to transact in their country like banks. Again, Bitcoin or other currencies can already be traded directly at many traditional banks. So they are now thinking of launching their own cryptocurrency.

[elbans89]

Many countries including Venezuela, China, USA, Russia and others are planning on launching their own cryptocurrency since the growth of Bitcoin has caught the public eye. The difference between the decentralized and centralized cryptocurrency (CDC) lies in ownership or lack of it thereof.
The anonymity, maintained in decentralized currency, is one of the major factors which has attracted mass attention. The dearth of privacy in CDC, meaning that the government and anyone in the system can view the transaction details while controlling and denying it if they want is probable. Governments, possibly insecure of their future in the national economy, due to the mass adaptation of cryptocurrency have decided to join the game.
Even though Russia has an intent of taxing its black markets through its cryptocurrency, not all intentions are malicious. Using CDC is going to be much cheaper than using credit cards or paper money, due to the lack of middlemen. Another benefit of the CDC may be that interest rates may be altered, according to personal needs.

that's a good news if some government will launch their own crypto currency.
I have read many opinions here, they said digital era will come
So, crypto currency is the future currency.
Everything will be crypto at the coming future

[Rinat8368834]

Governments that introduce their own cryptocurrency understand that it is useless to argue with progress, and the sooner it is adopted, the sooner everything will work out. and the sooner they begin to control the population.

[nakmantu99]

Governments that introduce their own cryptocurrency understand that it is useless to argue with progress, and the sooner it is adopted, the sooner everything will work out. and the sooner they begin to control the population.

Yes, I agree. the sooner  they begin, I think It will be good for crypro currency market.
Government can addopt and has knowledge about crypto currency.
So, I think We should wait and see How government will support this technology.

[Churphans]

Some governments want to bring their own local coins to market. For example, the Chinese government, the Indian government, the Russian government are already fully prepared to launch their own local coins.

[Senin]

Yes it's true according to recent news of China . they announce they will be created a new own cryptocurrency by the government not only china Russia and USA also do the same . I think the plan shall be better for developing cryptocurrency .

It is unlikely that the digitized currencies of the central banks of states, that is, their stablecoins, can be called a cryptocurrency. In general, this is the same fiat, only on the blockchain, and some, like the Chinese digitalized yuan, will not even use the blockchain. We don't even know yet how such CBDCs will compare to current private stablecoins and decentralized cryptocurrencies. However, soon they will already begin to appear, then we will find out.

[doc]

Some governments want to bring their own local coins to market. For example, the Chinese government, the Indian government, the Russian government are already fully prepared to launch their own local coins.

It will be a good effect for crypto currency market, If every government will launch their own local coins.
But I hope It is true..
Because at China, we all know bitcoin has been blocked.
So, let's see , Hopefully it will can be real.