Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency discussions => Topic started by: tervel on January 14, 2021, 09:09:20 AM
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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 ?
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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 ?
Above developed countries are friendly countries of Bitcoinvamd their governments support Bitcoin but in my country's government completely opposite of cryptocurrencies. So sad ,,, we are bad luck.
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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 ?
Above developed countries are friendly countries of Bitcoinvamd their governments support Bitcoin but in my country's government completely opposite of cryptocurrencies. So sad ,,, we are bad luck.
Yes, I understand the conditions in developed countries that reject Bitcoin, some countries will choose to make crypto coins with stable coins.
However, I haven't seen what the plans from the list of countries above are whether they will expand the existing SDR currencies, to avoid high crypto price fluctuations.
It seems to be hidden information for every country that will develop cryptocurrency to have a more stable value, so as to avoid intense trade competition between several countries when the world economy is unstable due to the Covid-19 outbreak.
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They just combine their own currency with the blockchain instead of using Bitcoin or other cryptocurrencies. :o
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This feeling is true. Where today, more and more countries are realizing that Crypto is indeed an investment that is worth fighting for and implementing. Then for sure there will be more countries that will accept crypto.
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Maybe because cryptocurrencies created by these countries are considered safer by investors, so that investors have a strong signal to what is created by them. Even though to be honest, Bitcoin is the most potential cryptocurrency when compared to the cryptocurrency that these countries will plan to plan.
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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 ?
It seems that slowly some governments are starting to look to adopt crypto as a digital means of payment. This indicates that the development of crypto can be said to be taking several steps further. maybe this can also affect the price of the coin to up, because as we know one of the effects of the price of a coin depends on good or bad news.
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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 It is really, Because I think the government should to accept and adopt crypto currency technology. Because we all know, crypto currency is the future technology. I always believed digital era will come soon.
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Not all countries see the advent of blockchain technology and cryptocurrencies as a threat, albeit for different reasons. While not recognizing cryptocurrencies as legal tender, they see a potential in the technology behind it and are developing a cryptocurrency-friendly regulatory regime.
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Yes, various government backed coins are creating a positive sentiment about real crypto coins and so the trust and confidence of the common investor is increasing in crypto and in coming months we will see more and more fomo and market going really crazy due to power bulls.
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Cryptocurrency transactions are allowed in some of the world's largest countries. Developed countries value cryptocurrencies for trade. Developed countries have made more progress in the world of cryptocurrencies by creating new cryptocurrencies or products. As a result, the country's economy is improving.
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Most of the cryptocurrencies are hurting the feelings of the governments of the developed countries. Because if the governments of different countries had approved the cryptocurrencies a long time ago, the cryptocurrencies would be more developed now, more countries would be economically developing. Because the prices of most cryptocurrencies have gone up. The economic situation would have improved.
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Perhaps we have some issues to clarify about CBDC:
1. I don't think CBDCs are cryptocurrencies, because they are still centrally managed by governments, not decentralized by the entire community;
2. CBDC is just a way for governments to respond to the crypto wave & take advantage of blockchain's advantages (high transaction speed, low transaction costs, transparency);
3. CBDC is only a tool for governments to increase their ability to manipulate the economy;
Therefore, the issuance of CBDCs by governments does not mean they have accepted crypto. This just means they accept the good value of crypto.
China has issued DCEP as digital Yuan but crypto projects in China continue to be suppressed, such as the OKEx exchange. I don't think we should be too optimistic about this, it won't be easy for governments to give up power over money.
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Did you mean CBDC?
If it is what you meant, I think that every country may have their chance to grow up and develop its own cryptocurrency. However, CBDC will be CBDC, it may influence the crypto world but not much. AT list that is a stable coin backed by the government
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If it is issued by the government, probably there will be certain rules for their society
However, if it is for the whole society in the crypto world, I don't think so moreover they are stablecoins that may be not the first choice by crypto lovers.
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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 ?
If It is true, I think It is good thing for crypto world. I hope all government will create own crypto currency. That will have good affect for crypto market. I think Crypto currency will be legalized by the government soon.
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One thing I like here is that when ever the government of the advance countries show or pick good interest in crypto currency it will always play out in the cryptocurrency industry in turn boast the prices of altcoins in the cryptomarket and this I think we increase the adoption of crypto currency that's what I think based on my opinion.
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Perhaps we have some issues to clarify about CBDC:
1. I don't think CBDCs are cryptocurrencies, because they are still centrally managed by governments, not decentralized by the entire community;
2. CBDC is just a way for governments to respond to the crypto wave & take advantage of blockchain's advantages (high transaction speed, low transaction costs, transparency);
3. CBDC is only a tool for governments to increase their ability to manipulate the economy;
Therefore, the issuance of CBDCs by governments does not mean they have accepted crypto. This just means they accept the good value of crypto.
China has issued DCEP as digital Yuan but crypto projects in China continue to be suppressed, such as the OKEx exchange. I don't think we should be too optimistic about this, it won't be easy for governments to give up power over money.
It's right. Stable coins of the central banks of states will be used by states as an alternative to cryptocurrency as a means of payment. It will be the same currency of states, only in digital form, and this significantly improves their characteristics and capabilities. CBDCs don't have to be cryptocurrency related. It should be a separate type of financial asset.
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it would be nice if the whole country was united in this matter...
I support if the government plans to make their own cryptocurrency but all countries in the world should participate so that it is evenly distributed.
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Yes, we see every day more and more deep acceptance of cryptocurrencies by different countries, as well as large investment companies, institutional investors are beginning to enter this market, the total capitalization of more than 1 trillion dollars has just begun in 2021
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They just combine their own currency with the blockchain instead of using Bitcoin or other cryptocurrencies. :o
I think that on which style they want to apply, it is obvious that cryptocurrecy and the blockchain is gaining attraction and interest every day. Very soon those that had opposed bitcoin will gradually rethink and embrace the ecosystem. Bitcoin is on the moon!
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Currently, more and more governments are issuing crypto currencies. And this is one form of progress in crypto that is really extraordinary.
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They just combine their own currency with the blockchain instead of using Bitcoin or other cryptocurrencies. :o
I agree with this, they just combine Fiat currency and blockchain and I don't see any problem with this. All country see the future of blockchain and I think they also want to join with it
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They just combine their own currency with the blockchain instead of using Bitcoin or other cryptocurrencies. :o
I agree with this, they just combine Fiat currency and blockchain and I don't see any problem with this. All country see the future of blockchain and I think they also want to join with it
Maybe we will see the problem mate. We all know block chain technology is decentralized system. I think the government can not control it. It will be problem for their economic. What about inflation ?
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In my own opinion, i think projects or tokens been designed by government or traditional financial institution will be centralized. it will be be difficult to govern by the community which is what the blockchain stands for. it is true that ripple is centralized but it is still an blockchain platform with a decentralized governance body. i think the government might still force people to buy their project and make it hard for people succeed.
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If the government of each country approves the cryptocurrency, it will become more popular as a result of gaining legitimacy in each country. Every country will enjoy many benefits in terms of trade. Big companies will use the currency for transactions. Cryptocurrency is used in developed countries like USA, Canada, Japan.
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Cryptocurrency from the government may have a strong signal, because it gets strong support from the community. Investors also feel safe investing in the Cryptocurrency created by the government. But actually what we need to pay attention to is the future of the Cryptocurrency, even though it was from the Government who created it, but if the future is bad then it doesn't need to be supported.
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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've read articles about this, but when a stable coin is created it will have a partner like the Fiat currency, Bitcoin will still be the best place all the time, because Bitcoin we can see many crypto projects up to now, Blockchain, DeFi, and now countries. will make coins which will then cooperate with the bank.
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Cryptocurrency should be approved in every country. When the cryptocurrencies of each country are approved, the status of the cryptocurrencies will increase worldwide. It will be at the top of popularity. Cryptocurrencies will always improve. The country will be economically prosperous.
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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 think It is a good news if the government will create crypto currency. I think digital era will come, every countries will have own crypto currency. It will good for crypto currency market. So, believe it , crypto is the future currency.
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it would be nice if the whole country was united in this matter...
I support if the government plans to make their own cryptocurrency but all countries in the world should participate so that it is evenly distributed.
very difficult if all countries legalize crypto into the country.
because cryptocurrency doesn't yet have a law made. so that every country has concerns if one day cryptocurrency is misused for money laundering or terrorist financing.
maybe there are many countries that have formalized cryptocurrency but not all countries
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Cryptocurrency should be approved in every country. When the cryptocurrencies of each country are approved, the status of the cryptocurrencies will increase worldwide. It will be at the top of popularity. Cryptocurrencies will always improve. The country will be economically prosperous.
Without the approval of countries like on the list of countries that the OP said, we have seen the crypto market capitalization increase.
From that increase we can see that the popularity of cryptocurrencies has increased.
As far as I know, even if the government adopts blockchain, it doesn't mean that they accept crypto coins that are already on the market and accept that the cryptocurrency system enters the government system. This always happens because they have different goals, unlike Satoshi Nakamoto who clearly wants global transactions without intermediaries, fast and transparent.
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Currently, more and more governments are issuing crypto currencies. And this is one form of progress in crypto that is really extraordinary.
Governments of different countries are now involving in the crypto world and they are trying to introduce their own cryptocurrency like China is doing. Many governments put a TAX on crypto usage like India.
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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 ?
China government already proposed to bring the digital Yuan .
Indian government already opened the cryptocurrencies bank in nagpur.
But we are bad luck because our government strictly prohibited bitcoin to use and transaction.
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It's clearly seen that bitcoin dominance keeps increasing and more countries has got to see the importance of bitcoin and has started working with bitcoin this actually shows a strong signal of crypto will actually gain mass adoption in time to come tho some country are still against crypto.
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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 ?
^ it will be similar to forex. if the government plans to make its own cryptocurrency then traders will live it like they do forex trading, there will be no difference.
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I know there are several governments working on their own cryptocurrencies (China, Russia), but I don't understand how they are going to educate the oldest part of the population. Nor do I understand how these people are going to be able to move their money digitally in places where electricity does not yet arrive, for example, no fiber, satellite or wifi internet connections. The theory behind this idea is nothing more than to further control the population, but I don't know how they are going to implement it...
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These countries are influential and considered as powerful when it comes to politics and economic matters. If they have shown their interest in that particular part then the future of crypto currency is brighter more than we could imagine.
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These countries are influential and considered as powerful when it comes to politics and economic matters. If they have shown their interest in that particular part then the future of crypto currency is brighter more than we could imagine.
One should not admire the stable coins of the central banks of states. On the one hand, these coins will indeed be very convenient for states and people in terms of their high functionality as a means of payment and ease of maintenance and circulation, however, by doing so, they will create strong competition with decentralized cryptocurrency. Cryptocurrency is now more used as a store of value than a means of payment, and with the advent of digitized currencies of states, this process can only get worse. In general, this is not very good for cryptocurrency.
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cryptocurrency was meant to create a decentralized system that will be excluded from any central authority or govt influences. Govt can crease CBDC but they will never create any system that will be decentralized because they do not wants to give people so much power so easily.
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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 ?
Above developed countries are friendly countries of Bitcoinvamd their governments support Bitcoin but in my country's government completely opposite of cryptocurrencies. So sad ,,, we are bad luck.
It's really sad that not all countries are friendly with bitcoin, same goes my country, the government doesn't have anything to do with bitcoin they are not even interested in it, although about 20% of the total population here know about bitcoin, but the government still doesn't support it, they even passed a strict bill last year on the use of bitcoin within the country.
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They just combine their own currency with the blockchain instead of using Bitcoin or other cryptocurrencies. :o
Sometimes even their digitized currencies are not issued on the blockchain. I was recently unpleasantly surprised that the Chinese digitalized yuan, which we have been anticipating for so long, turns out to be not being issued on a blockchain basis. Perhaps this is due to the fact that they began to prepare it back in 2014, when very few people knew about cryptocurrency and blockchain. Now, I hope that such digitized currencies of central banks of states are issued on blockchain technology.
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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 ?
Above developed countries are friendly countries of Bitcoinvamd their governments support Bitcoin but in my country's government completely opposite of cryptocurrencies. So sad ,,, we are bad luck.
It's really sad that not all countries are friendly with bitcoin, same goes my country, the government doesn't have anything to do with bitcoin they are not even interested in it, although about 20% of the total population here know about bitcoin, but the government still doesn't support it, they even passed a strict bill last year on the use of bitcoin within the country.
Unfortunately, there are a lot of such near-minded states, including mine, for them, cryptocurrencies are something supernatural and extremely difficult to master, as many consider bitcoin to be the development of American special services, and so on and so forth. you understand my message, I hope) I am sure that many third world countries that will soon make cryptocurrencies a means of payment and will create favorable conditions for the creators of projects and startups, such countries will overtake the first-tier countries with authoritarian views on all this in technology.
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Some governments already accept crypto in different sectors in their country's and they accepted crypto because they see how their citizens are benefited and changed their lives. I hope many governments will accept crypto in the future including my government.
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The currency of the states will only be using the same system as the crypto money system, namely the "blockchain". Therefore, it will be like any crypto money different from Bitcoin. Let's see if any state's cryptocurrency can take the lead from Bitcoin.
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The problem (or one of them) will be the way in which the government launches that "digital money". Presumably they will use the blockchain to do it, but I bet they will be private or semi-public blockchains, so citizens will not be able to know (once again) what their tax money is used for, to the citizens it would seem like a joke.
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Cryptocurrency being introduced by government is different. Again, crypto is supposed to be decentralised. Government like to know where money is going, what you're doing with it...far as I can see that isn't about to change. If government "did" introduce something, outside of their interest, such as true decentralisation, it doesn't help them...I would be surprised if its something with the real purpose of why people are here. Maybe good for investors, in some way, but not the goal
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The government can't control crypto but it can never stop it there are many differences between government and crypto based on the needs of the crypto market. There are many good places for crypto decentralized investment and since there is no government control, everyone can invest as they wish.
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The government can't control crypto but it can never stop it there are many differences between government and crypto based on the needs of the crypto market. There are many good places for crypto decentralized investment and since there is no government control, everyone can invest as they wish.
It is clear that crypto is difficult to control because it moves alone and operates with the existing system, but the government has great authority with rules that can be made which will be adjusted to the circumstances and needs of the government. anyone who violates the rules that have been made can be subject to sanctions that have been set. can be sure that no one would dare to violate these rules.
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I think in my country it will not be soon. But in developed countries will quickly implement government coins and this is a great future for such countries.
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Very similar to what TS says. Today I read in the media that Deutsche Bank in its latest report stated that bitcoin has become "too important to ignore", and put the cryptocurrency in the third place of the rating of the largest currencies in circulation.
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Some amateurs say that the state cryptocurrency will help the market somehow and they will be able to make money on it. It makes me laugh. The state cryptocurrency will be the same as the usual one on our credit cards. No one will even understand how technically everything works. It will be just as stable.
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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 ?
Could be so only that once each country's government able to create their own cryptocurrencies it will be mostly centralized and will deviate from the original purpose of crypto and blockchain, if they see crypto as important part of the economy they should adopt the already existing ones not creating something new
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@pealr12 governments cannot adopt existing cryptocurrencies for the simple fact that they cannot control them. Those governments that want to create their own cryptocurrency (or digital money as some call it) all they will do is copy the existing economic model, they will not try to improve it because that does not suit governments, they will simply do the same, but making citizens have to learn things that they have not done.
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I think there is no direct relationship between the stables that governments are only planning to issue and the distribution of other tokens as a means of payment. Perhaps it will even turn out the other way around, it may become harder for the state crypt.
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Yes, it is absolutely correct, government of different countries have come to realize that they can't control bitcoin or any other crypto coin already in the market, and it have always been in their nature to always find a way to control the masses and their wealth, so they've seen that with bitcoin, they can't gain access to the wealth of the masses, so they plan to create their own crypto coin which I guess they will force their different citizens to buy or invest in and use for various buying and selling, this way, they can always remain in control but in my honest opinion, they failed woefully.
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They are just CBDCs, centrally accepted legal tenders based on the blockchain. Kind of like USDT, USDC, DAI, only they are based on the blockchain and backed by the respective governments
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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 ?
That's a good news, If every countries will have own crypto currencies. I think It will happen soon. Because crypto currency is the future currency, as many people said. We will see many cryptos beside bitcoin.
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Well some countries slowly adopting cryptocurrencies so no doubt that investors all over the world will investing cryptocurrencies, the crypto market will surely booming and we can see all cryptos reaching all time high in the future.
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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 ?
Above developed countries are friendly countries of Bitcoinvamd their governments support Bitcoin but in my country's government completely opposite of cryptocurrencies. So sad ,,, we are bad luck.
I would not say that China and Russia are friendly towards bitcoin and cryptocurrency in general. These states do not hide their negative attitude towards cryptocurrency. You just need to see what laws Russia adopts on the regulation of cryptocurrency. In fact, this is almost a complete prohibition. In any case, the legal purchase of goods and services for cryptocurrency in Russia is prohibited. It is not yet clear what kind of sanctions are being prepared for violating this prohibition, but we will no longer be surprised even if criminal liability is established.
The Chinese government declared war on cryptocurrency back in 2017, but is in no hurry with its threats.
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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
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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.
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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.
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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.
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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
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@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.
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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.
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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.
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@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.
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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
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@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.
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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.
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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.
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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.
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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.
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Personally, my government cryptocurrencies cause a certain distrust. Governments have never been doing anything good for citizens, so you can always expect any trick.
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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
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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.
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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.
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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.
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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.
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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.
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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.
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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?
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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.
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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.
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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.
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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.
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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.
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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.
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Whatever cryptocurrency from the government is going to be centralized thus controlled by them, it's good news that some government had started to embrace cryptocurrencies however they tend to regulate it to the detriment of the investors which I believe is not normal, xrp is centralized thus is passing through a lawsuit which discouraged a lot of investors they just given an access to a document by SEC few days ago that why the price pumped. Government interference in cryptocurrencies is not a good Omen
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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.
The national digitized currencies of the central banks of the states should in fact become stable coins if they run on blockchain technology. There are now private and various commercial stablecoins, which are mainly used to secure the currency of states. Since the governments of these countries are convinced that stablecoins have a number of advantages over conventional currencies, it is only logical that they decided to issue their own stablecoins, that is, their own digital currencies. It will be a new form of non-cash money of states, only with improved characteristics. Citizens of states use non-cash forms of payments of these states, therefore they will also use their digitized currencies. We will soon see how they work in practice and their relationship with cryptocurrency.
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It is one certain thing that the country's will first reject and make declines of accepting bitcoin into the economy. We all know that bitcoin took a whole lot of time before it could be accepted in the list of countries given by OP. Currently, lots of other countries are yet not accepting the use of bitcoin and are still kicking and fighting against it. The top advanced countries accepted it and place some forms of regulations on it so they can in one form of the other be in charge. This is a good thing as it will affect the economy of these nations, but those other countries that are not accepting the use of bitcoin or that placed ban on the use of bitcoin within its country are not just aware of the negative effect and loss of money that could in one form of the other helped in the development of the country. I wish they will see these things and make better plans for it.
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After several fight against Bitcoin and Cryptocurrency by the government of different countries and now hearing that the government Cryptocurrency is more stable in the Cryptocurrency market than some individuals crypto project, the project from the government will always show stronge value based on my opinions.
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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 think they are big government and will influence other countries at the world. We all know Chinese is the biggest economic. USA , not to talk. The biggest government and l power. So I hope my country will do it.
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So far government only interesting with the technology ( blockchain ) not with the product, until now they still learn how to replace fiat into the block, if this success bitcoin will no more meaning. There's time before the moment come so I suggest replace your money into crypto circle fast and leave before something bad happen. Bitcoin can't replace fiat but fiat can do it, already have law and accept around the world.
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cryptocurrency has grown rapidly nowadays and many governments have accepted it. Of course, this will be good for the development of the crypto world itself, where if the government supports it, crypto will also develop easily. even in some countries that have also implemented crypto policies in several companies, this proves that crypto has indeed been accepted by many people
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The most striking difference between Bitcoin and Cryptocurrency of the government is Bitcoin may not get full support from the government, while Cryptocurrency from the government is definitely getting full support from the government. This will bring an impact to the development of cryptocurrency, cryptocurrency of the government will be easier to receive by the community in the country. But I personally support more Bitcoin, Eth and other cryptocurrency from Cryptocurrency from the government.
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After several fight against Bitcoin and Cryptocurrency by the government of different countries and now hearing that the government Cryptocurrency is more stable in the Cryptocurrency market than some individuals crypto project, the project from the government will always show stronge value based on my opinions.
I would not call the national digital currency a cryptocurrency. CDBC are another type of money and will function on a par with cash and non-cash forms of money.
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The digital currency that used to developed by the countries that you mentioned like China, the US, etc is not a true cryptocurrency and it was very different from Bitcoin and other decentralized cryptocurrencies, It was also centralized that's why they called them a CBDC or the Central Bank-sponsored Digital currency. And I believe it was a stable coin and its value won't be too high or too low it will be stable to be exact because it was pegged to their existing fiat currencies.
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Gradually, more and more countries are beginning to legalize cryptocurrencies and other countries understand that they cannot do anything about it, and therefore in a couple of years, perhaps a little faster, we will already see how most countries will accept cryptocurrencies, because it is profitable both for the countries themselves and for those who use cryptocurrencies and the fact that countries create their own cryptocurrencies is another confirmation of this.
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Bitcoin will conquer the whole world as we can see the unstoppable progress from the beginning until at present despite of issues, fud, and uncertainties. One step at a time until the world is officially civilized (it takes time). For now let US, China and other countries accept or not the newly digital gem Bitcoin. Every government will approach base on their perspective.
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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 think they are big countries. if they create crypto currency, I think several countries will follow .
I agree every countries have own crypto currency, because I think crypto technology will be the future currency and more be needed at the coming future.
So, let's see, which countries will be pioneer .
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The pioneer countries are China, the United States and Russia, a few months ago I read that some European country was starting to do tests, but I have not found more news in this regard. Now we will see which country is the first to launch it publicly to see how it works, but I suppose it will be a long time before we can see it.
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Yes, that is true, since this pandemic has encouraged the use of cryptocurrency and it's increasingly used by people around the world. The government, of course, does not want to left this opportunity and attract more citizens. This is the beginning of mass adoption.
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Cryptocurrencies planned by the governments of the US, China, Canada, Russia and the EU, and other countries, are different from bitcoin, which shows a strong signal to investors that cryptocurrency is becoming an accepted form of trade. Is that really so?
Even other governments do this thing, Bitcoin and another cryptocurrency will prevail in the market. As long as it is the decentralized form in category the crypto's from the government cannot exceed the original concept of Bitcoin or crypto for
sure in this field of business industry in the whole world.
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A lot of investors wouldn't too comfortable investing in a centralized cryptocurrency, one of the features of a decentralized coin is it anonymous use and this singular feature endears a lot of investors into it whereas government centralized coins will always mandate a complete KYC and submission of all other necessary documents that will facilitate transactions to the detriment of their users thus this will definitely discourage a lot of it users
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Currently, more and more countries are aware that Cryptocurrency is a very potential investment in the future. And maybe cryptocurrencies made by these countries are considered safer by investors, so that many investors are interested in investing in them. But I think Bitcoin is the cryptocurrency with the most potential compared to the cryptocurrency planned by these countries.
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The government for cryptocurrency is very unstable, sometimes accepting cryptocurrency regulation and sometimes prohibiting circulation in the country.
See now in various media, the state of China prohibits cryptocurrency from circulating in the country and already the effect of this bad news ends with the price of all DUMP cryptocurrencies. Does the government care?
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The government for cryptocurrency is very unstable, sometimes accepting cryptocurrency regulation and sometimes prohibiting circulation in the country.
See now in various media, the state of China prohibits cryptocurrency from circulating in the country and already the effect of this bad news ends with the price of all DUMP cryptocurrencies. Does the government care?
The Chinese government has been saying the same thing about cryptocurrencies for years, those statements are not new nor do they take anyone by surprise and the global cryptocurrency market rallied shortly after those statements were made public. This time I think it was the stupidity of Elon Musk and Tesla that caused the market downturn that we are seeing, and also of course novice investors and weak hands who sell out of fear. The market will rise again, even more than last time.
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cryptocurrency is a good plan by the governments and is a great help especially for the people who are in daily need but it will be applied as a good heart to those countries in which the cabinet Not all countries agree with it because of the many bad influences on its members. Governments that will not use the efforts of workers.
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Most of all, I like China most of all, it is not only ahead of everyone in terms of technological breakthrough and the development of its own digital currency, but they also distribute this coin to the population , it is easier to choose the word airdrop) this has never been done before, I believe that they will be the first to launch the digital yuan.
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The government for cryptocurrency is very unstable, sometimes accepting cryptocurrency regulation and sometimes prohibiting circulation in the country.
They must have the reasons to make different policies or decisions, it depends on the current issues in the country and the situation of crypto around the world. Sometimes we cannot blame the government for their inconsistent regulation about crypto in the country, they must learn the situation every time to protect their society. We just need to adapt better and prepare everything once the regulation probably changes again.
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I can see that coming, because many countries have observed that most of their citizens are using to get themselves busy, so they felt the way to there attention and focus on their nation economy, is to follow their path in a modernize way, because recently I read that Nigeria CBN want to create his own digital currency.
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I can see that coming, because many countries have observed that most of their citizens are using to get themselves busy, so they felt the way to there attention and focus on their nation economy, is to follow their path in a modernize way, because recently I read that Nigeria CBN want to create his own digital currency.
It seems that many countries will make their own crypto currency, seeing the increasing number of crypto users, besides that during a pandemic like now, many are just staying at home, so they plunge into the world of crypto to earn extra income.
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Crypto currency is one of the best growing sectors in the whole world. There are many country in the whole world have already accepted crypto currency as a medium of digital currency exchange but the government of bangladesh is not support crypto currency they think that it is a fake currency which will destroy any time but it just thinking of foolish. So i think its need to develop their thinking about crypto currency that its already accepted in the first world so its need to be accepted in bangladesh.
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Crypto currency is one of the best growing sectors in the whole world. There are many country in the whole world have already accepted crypto currency as a medium of digital currency exchange but the government of bangladesh is not support crypto currency they think that it is a fake currency which will destroy any time but it just thinking of foolish. So i think its need to develop their thinking about crypto currency that its already accepted in the first world so its need to be accepted in bangladesh.
Few days ago, there were held Bangladesh Blockchain SUMMIT for two days. There was present Finalcial Advisor of Prime Minister of Bangladesh, ICT minister and top blockchain specialists of other countries. That SUMMIT was a epoc making event for Bangladesh. BD govt is keeeping eyes on Bitcoin and cryptocurrency. I hope from this summit, GOVT will take positive action in the near future but before taking action, they have to implement few financial rules.
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Crypto currency is one of the best growing sectors in the whole world. There are many country in the whole world have already accepted crypto currency as a medium of digital currency exchange but the government of bangladesh is not support crypto currency they think that it is a fake currency which will destroy any time but it just thinking of foolish. So i think its need to develop their thinking about crypto currency that its already accepted in the first world so its need to be accepted in bangladesh.
Few days ago, there were held Bangladesh Blockchain SUMMIT for two days. There was present Finalcial Advisor of Prime Minister of Bangladesh, ICT minister and top blockchain specialists of other countries. That SUMMIT was a epoc making event for Bangladesh. BD govt is keeeping eyes on Bitcoin and cryptocurrency. I hope from this summit, GOVT will take positive action in the near future but before taking action, they have to implement few financial rules.
If your government is not stupid, then your top officials should understand that the infrastructure of the blockchain market is growing by leaps and bounds and a country like yours, which does not have a Gross Domestic Product as such, this area can become a good stream that will replenish the country's budget. Keep us updated on this story dear.
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Crypto currency is one of the best growing sectors in the whole world.There are many country in the whole world have already accepted crypto currency as a medium of digital currency exchange.Bangladesh govt is keeeping eyes on Bitcoin and cryptocurrency.I hope the Bangladesh government will take positive action in this regard.
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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 also heard, my government will have own crypto currency.
I think It's good news.
Because I hope they will accept crypto and legalize crypto as payment methods.
I believe we will see crypto currency will be accepted at all countries at the coming future.
That's my prediction.
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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 also heard, my government will have own crypto currency.
I think It's good news.
Because I hope they will accept crypto and legalize crypto as payment methods.
I believe we will see crypto currency will be accepted at all countries at the coming future.
That's my prediction.
I think it's a good news if the government will create own crypto currency.
At several countries still blocked crypto and we all see Chinese government refuse bitcoin mining.
That's one of negative issue that cause bitcoin dumped.
I personally hope, crypto currency will be accepted at all countries.
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they want to make their country's currency using blockchain technology, but not using bitcoin as payment. it's like they want to make a new crypto for legal transactions in their country.
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If the US regulators make a positive decision on the adoption of cryptocurrency as a trading and investment instrument, we will see a huge influx of live money into the market and from where the global growth of the system will follow. Personally, I'm really looking forward to it, I want to see new and emotional startups and their ideas. In general, we are following the development and waiting for good news from the regulators.
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If the US regulators make a positive decision on the adoption of cryptocurrency as a trading and investment instrument, we will see a huge influx of live money into the market and from where the global growth of the system will follow. Personally, I'm really looking forward to it, I want to see new and emotional startups and their ideas. In general, we are following the development and waiting for good news from the regulators.
I too would like what you say to happen, but unfortunately I don't think it will happen, at least for now. It is still too early to know what Biden will do, but for example yesterday we could read some statements by Trump in which he assured that Bitcoin seemed a scam to him, something very funny coming from him. If Biden steps up and opens his mind, we could have a much higher global adoption.
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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 ?
It is good news for cryptocurrency to support by countries government . We take it positively and this news will inspire investors to more invest in cryptocurrency not only investors this steps to spread the cryptocurrency everywhere and when micro investors start to invest here it must up the value and importance .
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More than 80 percent of all states intend to issue or are already issuing their national digitized central bank stable currencies. In general, this is not bad for both states and their citizens, because the national currency will become faster, more reliable and efficient due to the fact that it will be based on blockchain technology. However, there is no absolute unity here either, since we see that the Chinese digitalized yuan will not be based on blockchain technology.
We also do not yet know exactly what relationship the digitized currencies of states will have with cryptocurrencies and whether it will be possible to use them on cryptocurrency exchanges as pairs for exchange for cryptocurrencies. Therefore, we just need to wait a while until they actually appear.
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I think that the government's cryptocurrency was launched for competition and centralization, the coin itself, so that the population of the country would invest in their economy by purchasing cryptocurrency from the government, or maybe, of course, the state speculates for its own benefit of individuals.
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I think that the government's cryptocurrency was launched for competition and centralization, the coin itself, so that the population of the country would invest in their economy by purchasing cryptocurrency from the government, or maybe, of course, the state speculates for its own benefit of individuals.
It is quite possible that the reasons are what you said, but I would also add the fact that the government can have greater financial control over the population of any country. In some European countries the idea of ending cash sounds, and that would be the perfect excuse to have more control, fortunately it is illegal to end cash, at least now.
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Yes, I understand the situation in developed countries that reject bitcoin, and some countries will choose to create cryptocurrencies as stable coins. However, we do not see what the plans are in the above list of countries, whether they want to expand their existing SDR currencies in order to avoid sharp fluctuations in cryptocurrency prices. In a situation where the global economy is unstable due to the spread of COVID-19, there seems to be hidden information about each country that will develop cryptocurrencies in order to have more stable values in order to avoid fierce trade competition between different countries.
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Cryptocurrency created by any country government can never be compare to bitcoin because they will not allow such coin to be as decentralized as bitcoin is, the government has been looking for a way to control btc without success but if they manage to develop their own coin it will be a way to control the people, not beneficial to crypto community.
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Crypto from advanced countries may only be based on stable coins, and doubt if any of these countries will launch crypto that may compete with BTC. Many countries will definitely adopt to cryptocurrecy and the blockchain, seeing that technology is working very well.
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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 wouldn't really see those as cryptocurrencies as they will have different aims as to what decentralized cryptocurrencies are. So-called Government developed cryptocurrencies would just be a digitized fiat regardless of what ever name they call them, heavily controlled and monitored by the government which has been their aim for long now.
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Cryptocurrency has gained legitimacy in all countries that have developed. But cryptocurrency has not gained legitimacy in underdeveloped countries. If the government of the country does not legalize the cryptocurrency, then in no way will the cryptocurrency be legalized in that country. So, first of all, the government of the country has to support cryptocurrency.
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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 think It will happen, every country will have own digital currency. But not decentralized patfom. They will use centralized, because government will control their digital currency.
It will have good effect for crypto currency world.
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As countries continue to explore and roll out their own cryptocurrencies, there has been some concern over the possible ramifications of the existence of national cryptocurrencies, but I don't think so the existence of national cryptocurrencies having to influence market appetite for the decentralized cryptocurrencies.
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The governments of all countries that have supported Bitcoin or cryptocurrency are certainly good. Developed countries have supported cryptocurrency and given legitimacy. But our country is not developed so bitcoin is not legalized it is normal but should be supported a little. So the government of every country must give a little support about bitcoin.
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States are interested not in cryptocurrency, but in blockchain technology and in the benefits that this technology provides, including in the financial sector. Therefore, they are now considering issuing their digitalized central bank stablecoins. Digitized national currencies based on blockchain technology will have better qualities compared to conventional non-cash payments in this currency, but they will have almost nothing to do with decentralized cryptocurrency.
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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 ?
The Chinese government's ban on bitcoin is nothing new. Bitcoin has been banned by the Chinese government before. Impact on the market at that time This time the Chinese government's ban could not affect the bitcoin market.
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Countries that have so far approved cryptocurrencies have received positive feedback from various regulatory bodies. Cryptocurrency will occupy a huge place in the future. It will be used as a universal currency when it is approved in every country around the world. The use of cryptocurrency will serve as a goal in any product or transaction. The next generation The next government of each country will welcome Bitcoin. They will try to bring more own cryptocurrency.
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Countries that have so far approved cryptocurrencies have received positive feedback from various regulatory bodies. Cryptocurrency will occupy a huge place in the future. It will be used as a universal currency when it is approved in every country around the world. The use of cryptocurrency will serve as a goal in any product or transaction. The next generation The next government of each country will welcome Bitcoin. They will try to bring more own cryptocurrency.
Bitcoin and other altcoins are very firmly beginning to enter the lives of both ordinary crypto enthusiasts and the economic systems of states. This is a positive moment that will give even greater development to the cryptocurrency market in the future and will allow every person on the planet to take advantage of the cryptocurrency market and make a profit.
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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 ?
Hopefully It will real. If the government such as US,China, Canada, Rusia, etc will create other crypto currency, I think It will have good effect for crypto currency market.
They are the big countries, and will affect other countries to accept crypto currency.
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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 ?
Hopefully It will real. If the government such as US,China, Canada, Rusia, etc will create other crypto currency, I think It will have good effect for crypto currency market.
They are the big countries, and will affect other countries to accept crypto currency.
The Chinese government wants to bring its own cryptocurrency to market, which is why the Chinese government has declared a complete ban on bitcoin mining and the use of bitcoin. Can use their own currency.
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Governments of different countries have legalized this cryptocurrency in their countries. Again there are some countries that the government of the country is still making bitcoin illegal in their country. Each of us has an earnest appeal to the government of the country Soon you will know that Bitcoin is officially legalized in all countries
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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 ?
To some extent this is so, but I think they created their own coins in order to reinsure themselves, suddenly the whole world will switch to cryptocurrency transactions or, in general, our ordinary payment system will be disconnected in some way, so each country has its own coin, for all kinds of reinsurance, and for some even for the development of their economy ...
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I think there will come a time when cryptocurrency will be approved in every country. The use of cryptocurrency as the only means of transaction will increase when cryptocurrency is approved worldwide. And the demand for transactions in the commercial sector will increase greatly. The government of each country will bring its own cryptocurrency, and the government will intervene in those cryptocurrencies.
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The government of any country cannot give legitimacy to cryptocurrency if it wants to, if it wants to give legitimacy to cryptocurrency, it must get permission from the central bank. Moreover, if the central bank wants to approve bitcoin
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The government of any country cannot give legitimacy to cryptocurrency if it wants to, if it wants to give legitimacy to cryptocurrency, it must get permission from the central bank. Moreover, if the central bank wants to approve bitcoin
Maybe It's just matter of time.
I think at the coming future, government will legitimate and addopt crypto currency.
The government should addopt Blockchain technology.
I think It's the best way to do, b cause block chain is the future technology.
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Already we know that China banned crypto currency. There are many countries in the world they just think that what should they do. They just find out the way and some are waiting and see that the majority of the countries what are doing. It is true that no one can not banned crypto they just restricted for some times or long. Governments are trying hard to solve the problem of crypto and how to implement it.
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The government of any country cannot give legitimacy to cryptocurrency if it wants to, if it wants to give legitimacy to cryptocurrency, it must get permission from the central bank. Moreover, if the central bank wants to approve bitcoin
Maybe It's just matter of time.
I think at the coming future, government will legitimate and addopt crypto currency.
The government should addopt Blockchain technology.
I think It's the best way to do, b cause block chain is the future technology.
Despite the fact that the government understands the prospects of blockchain, the benefits of using this technology for the government are not completely clear. The fiat market has already been settled, and the work on receiving taxes from the income of the population has been established at a high level. Therefore, cryptocurrencies have been going far from the state financial system for so long and not many states want to introduce them there.
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Despite the fact that the government understands the prospects of blockchain, the benefits of using this technology for the government are not completely clear. The fiat market has already been settled, and the work on receiving taxes from the income of the population has been established at a high level. Therefore, cryptocurrencies have been going far from the state financial system for so long and not many states want to introduce them there.
Yes, Fiat market already settled. I think the government should accept and addopt block chain technology, If they want compete to other countries, because I see almost all countries starting to learn and addopt block chain.
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The government of any country cannot give legitimacy to cryptocurrency if it wants to, if it wants to give legitimacy to cryptocurrency, it must get permission from the central bank. Moreover, if the central bank wants to approve bitcoin
The government of any country, in coordination with the central bank, may approve the same. However, if the country's central bank does not want to approve, the government will not be able to approve. As is the case in our country. So I think cryptocurrency can be approved in any country by a combination of banking authorities and the government.
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Governments in different countries have different theories about cryptocurrency. For example, the positive attitude of the Salvador government towards bitcoin has had a significant impact on the bitcoin market. The negative impact of the government of our country on bitcoin due to which the government and banking system of our country works against bitcoin.
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Governments in different countries have different theories about cryptocurrency. For example, the positive attitude of the Salvador government towards bitcoin has had a significant impact on the bitcoin market. The negative impact of the government of our country on bitcoin due to which the government and banking system of our country works against bitcoin.
Governments of different countries give importance to the banking system. However, as governments in some countries develop with technology, they welcome cryptocurrency. Their country’s cryptocurrency transactions bring them into the banking system. The central bank is important in this case. So each country's government has different views on cryptocurrency. However, it is hoped that cryptocurrency approval will be possible in every country very soon.
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Governments in different countries have different theories about cryptocurrency. For example, the positive attitude of the Salvador government towards bitcoin has had a significant impact on the bitcoin market. The negative impact of the government of our country on bitcoin due to which the government and banking system of our country works against bitcoin.
Governments of different countries give importance to the banking system. However, as governments in some countries develop with technology, they welcome cryptocurrency. Their country’s cryptocurrency transactions bring them into the banking system. The central bank is important in this case. So each country's government has different views on cryptocurrency. However, it is hoped that cryptocurrency approval will be possible in every country very soon.
More developed countries accept cryptocurrencies faster than others. But the rest begin to strive for them. Therefore, there is nothing strange about this cryptocurrency movement. Over time, the whole world will come to the same decision that cryptocurrencies are right and they should exist on a par with the fiat market.
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This love is real . Where nowadays , added and further countries are fixing that Crypto is to be sure an funding that is price battle for and implementing. Then for certain there will be much countries that will receive crypto.
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This feeling is true. Where today, more and more countries are realizing that Crypto is indeed an investment that is worth fighting for and implementing. Then for sure there will be more countries that will accept crypto.
Most countries are still suspicious of these assets, but are happy to use blockchain. I don't think people need cryptocurrency for daily expenses, it will remain as an investment tool.
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This feeling is true. Where today, more and more countries are realizing that Crypto is indeed an investment that is worth fighting for and implementing. Then for sure there will be more countries that will accept crypto.
Most countries are still suspicious of these assets, but are happy to use blockchain. I don't think people need cryptocurrency for daily expenses, it will remain as an investment tool.
I think big companies and government will adopt block chain technology at the coming future.
We will see the digital era at the next several years..
As you said, for now people need crypto currency for their investment, But I think companies and government will need crypto for their technology.
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There is no way the government of the country can stop cryptocurrency by enacting the highest law but it is never possible because to keep pace with the way the world is being updated. In my opinion it is better to release it and if it is used positively then it must be said that there will be no negative issue and above all it will make people more dynamic.
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There is no way the government of the country can stop cryptocurrency by enacting the highest law but it is never possible because to keep pace with the way the world is being updated. In my opinion it is better to release it and if it is used positively then it must be said that there will be no negative issue and above all it will make people more dynamic.
Well, crypto is the future technology, No one can refuse the future technology.
I agree with you, the government should release or create their own crypto currency, that could be compete to other crypto currency.
Because digital era will come soon.
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Governments in different countries have different theories about cryptocurrency. For example, the positive attitude of the Salvador government towards bitcoin has had a significant impact on the bitcoin market. The negative impact of the government of our country on bitcoin due to which the government and banking system of our country works against bitcoin.
Governments of different countries give importance to the banking system. However, as governments in some countries develop with technology, they welcome cryptocurrency. Their country’s cryptocurrency transactions bring them into the banking system. The central bank is important in this case. So each country's government has different views on cryptocurrency. However, it is hoped that cryptocurrency approval will be possible in every country very soon.
More developed countries accept cryptocurrencies faster than others. But the rest begin to strive for them. Therefore, there is nothing strange about this cryptocurrency movement. Over time, the whole world will come to the same decision that cryptocurrencies are right and they should exist on a par with the fiat market.
I don’t think there’s any reason to be happy about the fact that governments are even slowly starting to accept decentralized cryptocurrency. Most likely, a revision of the order of mining and circulation of cryptocurrency is planned. Anyway, I am almost sure that mining of cryptocurrencies with an energy-intensive PoW algorithm will be prohibited. States are fighting for the survival of humanity. The climate changes so rapidly that humans can only survive in a limited area of the earth.
Therefore, states will now have more important problems than cryptocurrencies.
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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 ?
The top countries in the world and the richest Countries are really thinking about btc to accept. We have seen that btc has become more strong for different positive news. El Salvador officially announced to accept it after that it has got more momentum to the uptrend. Its true that recently it has dropped a bit but it has started to recover as well. I am really excited for the upcoming days hope it will give me huge return and gradually all countries will start to accept it for sure.
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If It is true, I think It is good thing for crypto world. I hope all government will create own crypto currency. That will have good affect for crypto market. I think Crypto currency will be legalized by the government soon.
In the future every country is possible to have their own currency like what the world is doing at present using each fiat. Cryptocurrencies are good and might be the future able to support the daily millions transactions in very convenient way. I do believe the future is at hand. Let us observe the recent adoption of Bitcoin that may be an example around the world.
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This love is real . Where nowadays , added and further countries are fixing that Crypto is to be sure an funding that is price battle for and implementing. Then for certain there will be much countries that will receive crypto.
You need to follow non-government cryptocurrencies. Bitcoin is the mainstream that every investor should have. And those cryptocurrencies that the government itself put forward, it does not lead to anything.
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Yes of course, Current market is the positive sign. US Canada and along with several government of the countries already planned to approve crypto currency for this reason we expect 100000 USD or more.
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In whatever form the government will come up as regard to owning their cryptocurrency, it won't change from being called the same name as cryptocurrency, and it must have a Blockchain based network just like every other coin/tokens cryptos. I think that the earlier some other countries embrace crypto the better for the growth and development in their countries because crypto has come to stay and it is another form of money that will definitely compete with the fiat currency usage, and may even overtake fiat in my opinion.
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cryptocurrency from the government in my opinion will not last long and of course it will cause a lot of conflict, the government makes its own cryptocurrency because it wants to try to manipulate investors and wants to make as much profit as possible and make many investors suffer, therefore many traders do not like currency from the government.
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cryptocurrency from the government in my opinion will not last long and of course it will cause a lot of conflict, the government makes its own cryptocurrency because it wants to try to manipulate investors and wants to make as much profit as possible and make many investors suffer, therefore many traders do not like currency from the government.
I can't say for sure how successful projects in cryptocurrencies from individual countries will be. I am sure that if there is a great interest in the development of cryptocurrencies and making profits at a high level, world-class experts should be involved here who will be able to weigh all the risks and threats and work out the most correct strategy for further development.
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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 ?
If the big countries such as US, China, Canada and Russia will have own crypto currency, I think It will make good effect for crypto, of course their citizens, especially.
I hope It will happen soon, and my country too.
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cryptocurrency from the government in my opinion will not last long and of course it will cause a lot of conflict, the government makes its own cryptocurrency because it wants to try to manipulate investors and wants to make as much profit as possible and make many investors suffer, therefore many traders do not like currency from the government.
This is if we talk about speculation. But you can create a fiat and also regulate its release. It will no longer be necessary to maintain the mint. No one can rob the blockchain. You can also replace stocks, bonds, with tokens
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I think government cryptocurrency is not a very good idea. Because many people do not trust the government and will not invest in such a cryptocurrency.
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I'm still not sure about that. Crypto is known not to be supported by the government, but now there is crypto from the government. I'm still not sure about that. Is it appropriate for me to take or not for the time being. It seems not first, seeing the coin is also still new. Actually I can't wait to hear about the coin when it is used but it seems today is not the right time.
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If the big countries such as US, China, Canada and Russia will have own crypto currency, I think It will make good effect for crypto, of course their citizens, especially.
I hope It will happen soon, and my country too.
Some countries have done that, china with digital yuan and some countries are still trying to make digital fiat, this is almost the same with stable coins like usdt, there is no advantage to holding this coin, because the price is stable.
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if it is true that the US government, china, canada, russia and other countries have their own crypto currency this will have an influence on the crypto world and will have a positive effect and i believe the future is near
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I think government cryptocurrency is not a very good idea. Because many people do not trust the government and will not invest in such a cryptocurrency.
It's good opinion, but it depends on the government.
If government create good project, I think It's good for invest on their coins.
More safe and maybe will more profitable.
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I think government cryptocurrency is not a very good idea. Because many people do not trust the government and will not invest in such a cryptocurrency.
First, states will not issue their own cryptocurrency, but their own digital currency, that is, they will be the stablecoins of their central banks. It is unlikely that they can be called a cryptocurrency, since they will be under the full control of these states. However, compared to conventional currencies, they will be more efficient, so in general their appearance will provide them with many additional conveniences.
Secondly, as a stablecoin there is no point in investing in it, they will not be profitable. It will be a state means of payment, that is, digital money.
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State cryptocurrencies will be ordinary state crypto stablecoins. Their value will be tied to the value of national currencies. I don't see any particular interest for crypto investors. :o
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cryptocurrency from the government in my opinion will not last long and of course it will cause a lot of conflict, the government makes its own cryptocurrency because it wants to try to manipulate investors and wants to make as much profit as possible and make many investors suffer, therefore many traders do not like currency from the government.
I don't think government CBDCs can be considered cryptocurrencies. Now we already have a Chinese CBDC, a digitized yuan, which does not even work on blockchain technology and has practically nothing to do with cryptocurrency.
CBDC is an improved form of government payments and it is not necessary to expect that this form of payment will disappear soon. In any case, it is too early to talk about it now.
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This fact is very difficult for us to be able to generate profits from the government because the government also does not want the price of the cryptocurrency they created to die or the coin ends up being a scam and for sure if it is like this then it is certain that the coin from the government must be stable.
Remember, stable coins are very difficult to take advantage of but if they continue to be traded every day that is paired with various altcoins then there are benefits too, it's up to the government to create what kind of coin in the future! lol
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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 ?
You mean CBDC or other.
I think the government will have own crypto currency , but centralized, not decentralized system.
I believe It will have good impact for crypto world
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China has issued DCEP as digital Yuan but crypto projects in China continue to be suppressed, such as the OKEx exchange. I don't think we should be too optimistic about this, it won't be easy for governments to give up power over money.
that's right, actually the government is afraid of the presence of cryptocurrencies, where they are afraid that their currency will be lost in the flow of digital money, so from that China has announced their digital currency so that bitcoin CS does not interfere with the value of their currency, as we know if 1 BTC is up to 25k$
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cryptocurrency from the government in my opinion will not last long and of course it will cause a lot of conflict, the government makes its own cryptocurrency because it wants to try to manipulate investors and wants to make as much profit as possible and make many investors suffer, therefore many traders do not like currency from the government.
States will issue and are already issuing their own digitized central bank currency. This is not a cryptocurrency, but an improved system of their cashless payments. Because their CBDCs will have better functionality than their current cashless payment system, CBDCs should be around for a long time until something better comes along.
Since CBDCs are state stablecoins, they will not be of interest to traders as a way to make a profit.
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cryptocurrency from the government in my opinion will not last long and of course it will cause a lot of conflict, the government makes its own cryptocurrency because it wants to try to manipulate investors and wants to make as much profit as possible and make many investors suffer, therefore many traders do not like currency from the government.
States will issue and are already issuing their own digitized central bank currency. This is not a cryptocurrency, but an improved system of their cashless payments. Because their CBDCs will have better functionality than their current cashless payment system, CBDCs should be around for a long time until something better comes along.
Since CBDCs are state stablecoins, they will not be of interest to traders as a way to make a profit.
Yeah the government has launched CBDC, at EURO and US.
At China , the government have digital yuan.
I think many government will launch digital currency, but not crypto currency.
They will have centralized platform and being controlled by the government.
The government should learn about decentralized platform, But It seems difficult to happen.