cryptocurrencies from governments

[Freemind]

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.

[jhm]

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

[labonikhatun]

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.

[lepbagong]

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.

[viki]

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.

[GREENch85]

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.

[LaZim]

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.

[pealr12]

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

[Freemind]

@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.

[Gyrgen]

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.

[Fivestar4everMVP]

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.

[Jaephoenix]

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

[elbans89]

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.

[shadowdio]

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.

[Astra]

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

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.