Some governments have plans to launch their own cryptocurrency

[legend45]

It is not true, a lot of countries are banning cryptocurrency market. How can they launch their own crypto currency. As you can see China, recently China created  fud on Twitter. These government will not launch cryptocurrency in the country.

By own cryptocurrency, here we mean the creation by states of their CBDCs, that is, the national digitized currencies of these states, and the OP directly said this in his thread. True, the question is whether CBDC should be classified as a cryptocurrency. Most likely not, since they will not have all the necessary features of a cryptocurrency. The Chinese digitized yuan, for example, does not even use blockchain technology. But many CBDCs use the Ethereum platform. When CBDCs start to appear en masse, then we'll see where they should be attributed.

Yeah, many CBDC still used Ethereum technology, I think They should have own technology to against crypto currency.
Such as digital yuan, I want to see where it will go.
Let's see.

[Speaker]

These are all closed projects and blockchain created to solve certain tasks-such as total control over user funds. I don't think we can easily use these technologies.

[Freemind]

These are all closed projects and blockchain created to solve certain tasks-such as total control over user funds. I don't think we can easily use these technologies.

Using CBDC will be as easy as using any of the wallets we use now, it will have deposit and withdrawal features and minimal user setup, but not much else. The big difference is that CBDCs will not use blockchains like the ones we use now, and most importantly and logically, we will not have access to the source code of those programs, any government, with the slightest authority, could block our funds without us being able to do anything about it. That is why I think that the closer the CBDCs are, the more important and used cryptocurrencies will be.

[Speaker]

These are all closed projects and blockchain created to solve certain tasks-such as total control over user funds. I don't think we can easily use these technologies.

Using CBDC will be as easy as using any of the wallets we use now, it will have deposit and withdrawal features and minimal user setup, but not much else. The big difference is that CBDCs will not use blockchains like the ones we use now, and most importantly and logically, we will not have access to the source code of those programs, any government, with the slightest authority, could block our funds without us being able to do anything about it. That is why I think that the closer the CBDCs are, the more important and used cryptocurrencies will be.

CBDC is a way for the government to get the source of our funds and force us to pay taxes for using our own funds.)

[Folderol]

These so called cryptos are known as CBDC which are not based on blockchains. So basically CBDC is just a digital currency but a cryptocurrency.

[bayiajaib]

These so called cryptos are known as CBDC which are not based on blockchains. So basically CBDC is just a digital currency but a cryptocurrency.

Yeah, the governments have CBDC in digital technology.
But I think crypto will exist and more popular at the coming years and doesn't effected by CBDC.
I believe about it.

[owmivmen]

Just to make it easier for countries to transact, they make their own digital currency. there are some good things as it reduces the use of paper currency and switch to digital for everyone's convenience. they should apply as soon as possible

[Egg_burger]

CBDCs will give them the ultimate power and control. There will be not many places to hide as crypto surveillance ramps up and on/off ramps will be closely monitored. Privacy coins could become could become very restrictive it will become difficult to convert to real money (although, I'm sure new techniques will emerge).
We may even see a partial return to bartering in the future by those who wish to not partake in the system. Time to stash some gold?

[coin_12345]

India and China are coming up with their own cryptocurecny and CBDC(Central Bank Digital Currency) might be popluar since a lot of users trade from these respective countries

[Speaker]

This will not be the cryptocurrency we are aiming for. They will have their own closed ecosystems and blockchains.

[Ryu27]

Many countries including Venezuela, China, USA, Russia and others are planning on launching their own cryptocurrency since the growth of Bitcoin has caught the public eye. The difference between the decentralized and centralized cryptocurrency (CDC) lies in ownership or lack of it thereof.
The anonymity, maintained in decentralized currency, is one of the major factors which has attracted mass attention. The dearth of privacy in CDC, meaning that the government and anyone in the system can view the transaction details while controlling and denying it if they want is probable. Governments, possibly insecure of their future in the national economy, due to the mass adaptation of cryptocurrency have decided to join the game.
Even though Russia has an intent of taxing its black markets through its cryptocurrency, not all intentions are malicious. Using CDC is going to be much cheaper than using credit cards or paper money, due to the lack of middlemen. Another benefit of the CDC may be that interest rates may be altered, according to personal needs.

Many countries have created their own token already and as far as I know, most of them also failed with their utility token that was created, only a few remained in the cryptocurrency that is still existing in the market. The majority of unregulated coins are still popular in this crypto business. Because maybe what the communities in the crypto space still want is for them to remain anonymous.

[Fenix]

It is not true, a lot of countries are banning cryptocurrency market. How can they launch their own crypto currency. As you can see China, recently China created  fud on Twitter. These government will not launch cryptocurrency in the country.

I think that in the near future, almost all states will have their own CBDC, because they should be considered simply as improved state cashless payments. First of all, they are needed by states, since they will allow much faster, cheaper and more efficient transactions of non-cash money. It will also be beneficial for citizens who have previously used a non-cash payment system in the banking system of states.
But CBDCs have very little in common with cryptocurrencies.

[Noverteno]

These are all closed projects and blockchain created to solve certain tasks-such as total control over user funds. I don't think we can easily use these technologies.

By creating their own CBDC, governments significantly improve the operation of their cashless payments. This is already a big plus for the state and for its citizens. All the money of the states is clearly controlled by them, so there is nothing special in such control. Citizens will be happy to use CBDCs if they are more convenient, faster and cheaper. The control of the states here is compensated by their authority and relative safety in use. Those who want decentralization will turn to cryptocurrency. Everyone will have their own choice.

[Speaker]

stable coins are enough for me.

[Probal Deep Moran]

Decentraland (MANA) is the native token for Decentraland, a virtual world built on the Ethereum (ETH) blockchain. Users can buy and sell digital real estate, interact with other users and even play games in Decentraland.
Players use MANA to purchase Decentraland NFTs defining virtual land parcels or exchange them for other in-game goods and services.