cryptocurrencies from governments

[dekafee79]

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.

[Delgboke]

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.

[Astra]

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.

[Renampun]

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.

[tampy784t]

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

[Bobcrypto]

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

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!

[Sentinel]

Currently, more and more governments are issuing crypto currencies. And this is one form of progress in crypto that is really extraordinary.

[StreakW]

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

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

[densus88]

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

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  ?

[tonymillions84]

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.

[Galaxy]

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.

[Vx1]

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.

[zilzylian]

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.

[Paglamon]

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.

[therozaq]

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.