cryptocurrencies from governments

[I-Bit]

CBDC is different from cryptocurrency. They are digital currency and not cryptocurrency.However, if it will be as same as cryptocurrency, it must become a real stable coin. IN which they may be used more often in the local country.But, I personally still confused with the basic concept of them

[raisajahan]

Crypto currency is one of the growing investment platform in the whole world. Crypto currency is the decentralized finance or digital asset which is developed by blockchain technology. Decentralized finance means it is not centralized or regulated by any government or by any other regulatory firm. So we have the scope for using it in the whole world where there is no boundary. Most of the countries in the world has the scope for transacting crypto currency though that countries do not support bitcoin or other coin as their default currencies. On the other hand few of countries like bangladesh has not accept crypto currencies where there it is forbidden for transacting. Its really pathetic for us to continue to work with crypto currency. Because we work hard for crypto when we go for transect then we have to face problem.   

[Falcon]

Currently, more and more governments are issuing crypto currencies. And this is one form of progress in crypto that is really extraordinary.

More of governments are against to volatile investment like Bitcoin and cryptocurrency. They think it is unhealthy to adopt for their people sake. Some government in other countries are in favor to Bitcoin and cryptocurrency industry because they got more profit despite of higher risk. I think none country are totally embraced Bitcoin and cryptocurrency.

[Freemind]

Countries cannot "fully" accept Bitcoin or cryptocurrencies in general. For some, it would surely mean a violation of their "sovereignty" and could even become illegal if that were the case. That is why most try to leave cryptocurrencies in a "legal" framework, to avoid constitutional problems.

[bitcoin-shark]

the altcoins that various countries plan to release in the near future will be more similar to stable coins than to bitcoin, but attention will be completely centralized, i.e. under the control of the governments that will issue them

[Freemind]

@bitcoin-shark of course, it will simply be something to have more control over the citizen. But for that to happen, there is still time, most governments have little or no knowledge about blockchain, so they will hire companies that are experts in the field.

[tervel]

Countries are by now familiar with the incessant demands for change propelled by the various so-called “digital revolutions.” Many national governments have taken action in one way or another to harness the potential benefits of new digital technologies.

[satpol_PP]

the altcoins that various countries plan to release in the near future will be more similar to stable coins than to bitcoin, but attention will be completely centralized, i.e. under the control of the governments that will issue them

Yes,  I think if the governments create crypto currency, Is think They will choose centralised. Because government will control their value. But I think It is a good idea, every government will have own crypto currency.

[Freemind]

@Satpol PP it would be a good idea for me if the government used a public blockchain for the money citizens pay in taxes, so that we really know what the government does with our money. But something tells me that they will use private blockchains for that, so that the citizens, once again, cannot know anything.

[Jaephoenix]

They are called CBDCs and differ wildly from the regular crypto. In fact, I can't call them cryptocurrencies in all honesty since there is no decentralization about them and may not be listed on regular crypto exchanges

[Freemind]

@Jaephoenix I know, I know they are not cryptocurrencies as we know them. My previous post was just assuming they were using blockchains. Whatever they call it and whatever technology they want to use, the result will remain the same, having more control over the citizens than they have now. I think that the "names" or "technologies" are not necessary to comment or name them, the result will be the same.

[Kitaiev]

Countries are by now familiar with the incessant demands for change propelled by the various so-called “digital revolutions.” Many national governments have taken action in one way or another to harness the potential benefits of new digital technologies.

Governments look at ripple and understand what benefits they can get for themselves if they follow their example. With such a cryptocurrency it's better to use cash.

[Astra]

Cryptocurrencies planned by the governments of the US, China, Canada, Russia and the EU and other countries, are different from bitcoin, which shows strong signal to investors that cryptocurrency is becoming an accepted form of trade. Is that really so ?

Of course, the digitized currencies of the central banks of states are very different from bitcoin and other decentralized cryptocurrencies. Most stable coins of states with cryptocurrencies will be connected only by a single blockchain technology. However, the digitized Chinese yuan is not even based on blockchain technology. These will be ordinary non-cash payments, only of a special kind.
At the same time, stablecoins of states can compete with cryptocurrencies as a means of payment. People will not be very good at centralization or decentralization. They will primarily look at the convenience, cheapness and speed of transactions. We do not yet know for sure the capabilities of stable coins of states.

[Seerge]

The government of a country certainly has great power and influence on society and the world, especially since the United States is a superpower. If the government creates its own Cryptocurrency, of course it will be easier for the community to accept because the community certainly believes in the legality of the Cryptocurrency created by their government. So that they can be calm and comfortable if investing or holding Cryptocurrency from the government.

[Prime]

Do you mean it is like Digital Yuan in China? Well, many people are talking about it, but I don't think it is a part of cryptocurrency. The concept is a bit different, it is also centralized, not decentralized as in common crypto coins. So, even if the governments create their digital coins, they won't bring impacts to the crypto market. Those digital currencies are just the digital form of their national currencies.