cryptocurrencies from governments

[Google+]

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.

[Gvent]

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.

[anshor1]

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.

[LaZim]

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

[viki]

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.

[xeroz]

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.

[pelana vreo]

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.

[Sharelock]

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

[bayiajaib]

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.

[Astra]

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.

[dolcefarniente]

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.

[Senin]

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.

[kent47400]

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

[legend45]

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

[MUGNIA]

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$