cryptocurrencies from governments

[Unbunplease]

Personally, my government cryptocurrencies cause a certain distrust.  Governments have never been doing anything good for citizens, so you can always expect any trick.

[Jaephoenix]

Crypto mainstream adoption is going up and its happening in an astounding way. Those that love its previous anti-government beginnings are starting to get uncomfortable. Don't blame them though

[Lanirex]

Actually times like this are the right time for the government to develop digital currency or Cryptocurrency, but there are still many countries that haven't done it. And I am sure that if there is a country that creates Cryptocurrency it will get strong support from its people, especially if in that country the people already know Cryptocurrency well.

[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 ?

This is not entirely true. The stablecoins of the central banks of states should also enjoy some success with the people. Everything will depend on how convenient, fast and cheap they are to use. At the same time, not so many people will look for decentralized currencies if we are talking only about means of payment.
When stable coins of states begin to appear en masse, then something more specific can be said. Now this is only a guess.

[Zezari]

Now most banks create their own cryptocurrency for fast and cheap transfers. In developed countries, such technologies have already been introduced that allow you to withdraw large amounts in a few seconds.

[Kitaiev]

Now most banks create their own cryptocurrency for fast and cheap transfers. In developed countries, such technologies have already been introduced that allow you to withdraw large amounts in a few seconds.

By and large these cryptocurrencies have nothing to do with Bitcoin. Many do not understand this but those people who understand now buy only bitcoin that's why it costs so much now.

[Anonylz]

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 ?

I don't see any Government creating any type of Cryptocurrency that will be like the current form of Cryptos that we are trading freely now without any form of restrictions. What ever any government create in form of crypto can be really seen as crypto cos I believe they wont be as decentralized as we have them now. I strongly believe this might be some form of Digital money which still wont be cryptos.

[jonathancool220]

The state cannot fully support and create altcoins, let alone altcoins that fluctuate rapidly, aka volatile.
Countries may only support centralized trading (CEX) with very strict rules so that users are safe from any hacks.
Or a country can also support cryptocurrency with private companies to create Fiat to stable coins such as YUAN, YEN, USD or WON from Korea.

[debra]

We still don't know whether the token will be the same as the stable coins or not. However, so far, the government's ideas to create their own CDBC is actually good moreover it really supports blockchain technology.BUt what is about the value and also the acceptance in the crypto world next?

[tervel]

China’s version of a digital currency is controlled by its central bank, which will issue the new electronic money. It is expected to give China’s government vast new tools to monitor both its economy and its people. By design, the digital yuan will negate one of bitcoin’s major draws: anonymity for the user, which distorts the idea of adapting to crypto world.

[pacar_tiri]

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 ?

I hope so, I also heard about this rumours mate. If the government will have  own crypto currency, I think It will be a good thing for crypto currency market . So , hopefully It will happen soon mate. I waited it will come true. I think many member here, will agree too.

[Freemind]

Governments will do what they want without thinking about what citizens think since those digital currencies in my point of view are nothing more than one more excuse to have greater control over the population. What if I find it interesting is to see those digital currencies in crypto exchanges, the transactions will be faster . Hope we can test them soon.

[tvplus006]

Now most banks create their own cryptocurrency for fast and cheap transfers. In developed countries, such technologies have already been introduced that allow you to withdraw large amounts in a few seconds.

By and large these cryptocurrencies have nothing to do with Bitcoin. Many do not understand this but those people who understand now buy only bitcoin that's why it costs so much now.

The national digital currency issued by the government is one of the forms of money that exists in the state. Therefore, it has nothing to do not only with bitcoins, but also with other altcoins.

[eldial]

I think cryptocurrencies from governments is a good plan and a big helped for the people especially there needed daily but it will depend the countries as a good heart implementing with this however not all countries adopt with this because of many bad influence in  cabinet members in the governments who will not used the effort of the workers.

[gurunanakji777]

In my opinion, governments will make their own centralize regulated stable cryptocurrencies it would not be like BTC or altcoins so that their currency do not lose their value. I believe those currencies would also work on the blockchain networks and easily transferable across the world but I can not say surely until and unless govt launches its own cryptocurrencies till then we can only assume.