Some governments have plans to launch their own cryptocurrency

[rizqillah]

Don't worry, even they create their own cryptocurrency this will not be like Bitcoin as the king of crypto. They may be influencing crypto but I think that they will not give a big influence and a bad result. Just let's see how their stablecoin will exist in this crypto market

true. also some people maybe feel skeptic about goverment controller the currency it self, depend on people react or respond i think!

I don't believe it will happen. Government cannot control the crypto currency, although the government have plans to launch their own crypto currency. Because crypto is decentralised system, I cannot image if crypto will be centralised.

[Black ID]

I think Crypto is getting more advanced nowadays. And the wider its reach. With more and more countries wanting to make crypto, I think crypto will be approved by the majority of countries in the world.

[Nikawe]

I know so far China government already proposed that they will launch their own crypto The digital yuan. But I don't know when they launch it . But Indian government also proposed bitcoin banking system.

[sampoerna]

CBDC may be issued by the government and they may also be willing to have powerful digital currency. However, will it really happen? As what in China right now, that the government really expects a big chance for their CBDC to be accepted and also spread around their country and more to worldwide. however, that is CBDC, probably it will only decrease the chance of many coins o develop

[Quart]

I don't think it is a cryptocurrency, the government just plans to launch a digital currency. It is not the same between cryptocurrency and digital currency. Digital currency can be a form of a national currency, for example like Yuan Digital currency. I call it not a cryptocurrency.

[Paglamon]

Governments in some countries are considering creating their own cryptocurrencies. I think it is the right decision of the governments of the country. There is a lot of popularity nowadays. Will be in the future. The governments of each country will approve the cryptocurrency. The level of transactions will increase further.

[TomPluz]

Venezuela already has its own state-backed cryptocurrency called as Petro but I am not so sure if it is really a very successful one. Any update on Petro can be appreciated. Anyway, cryptocurrency is an open technology, so anybody can make his own crypto, much more a country no matter how small or even big. Now, one of the most important features of cryptocurrency is decentralization and this is one big lacking in state-backed cryptocurrency because the government at hand is always in control. How these state-sponsored digital currencies will be faring in the future depends on many factors, and it is hard to predict based on things existing presently. Hope they will also be successful because those currencies can actually be linked to real cryptos.

[alltalk]

The governments may see the chance to have a better financial system with their new digital currencies. Since China already launched Yuan digital currency, other countries seem to follow this way as well. Basically, we don't need to worry about this, it indicates that the governments agree about the power of digital and crypto currencies.

[Cryptolover5]

Most developed countries has seen the great and successful movement of cryptocurrencies like bitcoin and there intend on joining the game there wants to launch thier own cryptocurrency and country like China has already launched thier own cryptocurrency but this isn't a problem no matter what thier coin can't kick out bitcoin or won't even be like Bitcoin in the future.

[masterrex]

Yes, thats the hot topic in 2020 and I believe it will continue beyond 2021, The CBDC's are not cryptocurrencies instead it was a Digital version of the existing Fiat currency of any respective countries that has a plan to develop its digital version of its own native currency or fiat currency so technically it is a stable coin.

[masudginanjar]

I need proof for a stable coin created by the government because I think it is clear evidence for the government to support cryptocurrency.
It is not just a "plan" but a direct proof that creates a stable coin to be marketed throughout the cryptocurrency market.
In the case of any business the "plan" is just a word to convince oneself without looking around and real evidence is "the result".

[shadowdio]

No problem to me if the government launch their own cryptocurrency as long it's not a centralized crypto because there are some government corrupt so they can manipulate it if they want, too risky to use it. It would be better if they make a decentralized cryptocurrency.

[Ghozrd]

I will look at stablecoin in each country, the goal is good to make all digital transactions easier with newer systems using cryptocurrency.
I support this idea because if more people use cryptocurrency, there will be more people who are more familiar with crypto and they will choose existing coins like those listed on coinmarketcup.

[damsix]

For a government that creates cryptocurrency, I think it doesn't matter and doesn't need to be exaggerated because the government also has the right to create what they want to enter the cryptocurrency market.
Then, for now, the government has not seen fully creating coins in the form of cryptocurrency because where I live to create cryptocurrency requires very strict rules.

[TERMINO]

No problem to me if the government launch their own cryptocurrency as long it's not a centralized crypto because there are some government corrupt so they can manipulate it if they want, too risky to use it. It would be better if they make a decentralized cryptocurrency.

I think there would have a conflict interest between government which is centralized and crypto which is more on decentralized. If you wish the government will create their own crypto in decentralized platform. They cannot do that otherwise they are promoting crypto investment which they are opposing it.