cryptocurrencies from governments

[tervel]

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 ?

[Hometown]

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.

[pelana vreo]

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.

[shiming]

They just combine their own currency with the blockchain instead of using Bitcoin or other cryptocurrencies.

[flyaccount]

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.

[Octoalts]

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.

[Max Way]

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.

[Mbah Jenggot]

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.

[tervel]

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.

[bigcash2011]

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.

[Tnoy30]

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.

[Dociko]

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.

[MrSpasybo]

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.

[UNIVERSE]

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

[sampoerna]

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.