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Author Topic: cryptocurrencies from governments  (Read 10928 times)

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Re: cryptocurrencies from governments
« Reply #30 on: January 18, 2021, 03:27:40 PM »
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.
very difficult if all countries legalize crypto into the country.
because cryptocurrency doesn't yet have a law made. so that every country has concerns if one day cryptocurrency is misused for money laundering or terrorist financing.
maybe there are many countries that have formalized cryptocurrency but not all countries
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Re: cryptocurrencies from governments
« Reply #30 on: January 18, 2021, 03:27:40 PM »

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Re: cryptocurrencies from governments
« Reply #31 on: January 18, 2021, 04:10:48 PM »
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.
Without the approval of countries like on the list of countries that the OP said, we have seen the crypto market capitalization increase.
From that increase we can see that the popularity of cryptocurrencies has increased.

As far as I know, even if the government adopts blockchain, it doesn't mean that they accept crypto coins that are already on the market and accept that the cryptocurrency system enters the government system. This always happens because they have different goals, unlike Satoshi Nakamoto who clearly wants global transactions without intermediaries, fast and transparent.
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Re: cryptocurrencies from governments
« Reply #32 on: January 18, 2021, 04:57:31 PM »
Currently, more and more governments are issuing crypto currencies. And this is one form of progress in crypto that is really extraordinary.

Governments of different countries are now involving in the crypto world and they are trying to introduce their own cryptocurrency like China is doing. Many governments put a TAX on crypto usage like India.
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Re: cryptocurrencies from governments
« Reply #33 on: January 18, 2021, 07:01:32 PM »
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 ?
China government already proposed to bring the digital Yuan .
Indian government already opened the cryptocurrencies bank in nagpur.
But we are bad luck because our government strictly prohibited bitcoin to use and transaction.
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Re: cryptocurrencies from governments
« Reply #34 on: January 18, 2021, 07:21:32 PM »
It's clearly seen that bitcoin dominance keeps increasing and more countries has got to see the importance of bitcoin and has started working with bitcoin this actually shows a strong signal of crypto will actually gain mass adoption in time to come tho some country are still against crypto.

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Re: cryptocurrencies from governments
« Reply #35 on: January 18, 2021, 07:36:23 PM »
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 will be similar to forex. if the government plans to make its own cryptocurrency then traders will live it like they do forex trading, there will be no difference.
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Re: cryptocurrencies from governments
« Reply #36 on: January 18, 2021, 08:07:15 PM »
I know there are several governments working on their own cryptocurrencies (China, Russia), but I don't understand how they are going to educate the oldest part of the population. Nor do I understand how these people are going to be able to move their money digitally in places where electricity does not yet arrive, for example, no fiber, satellite or wifi internet connections. The theory behind this idea is nothing more than to further control the population, but I don't know how they are going to implement it...
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Re: cryptocurrencies from governments
« Reply #36 on: January 18, 2021, 08:07:15 PM »


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Re: cryptocurrencies from governments
« Reply #37 on: January 19, 2021, 02:46:50 AM »
These countries are influential and considered as powerful when it comes to politics and economic matters. If they have shown their interest in that particular part then the future of crypto currency is brighter more than we could imagine.
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Re: cryptocurrencies from governments
« Reply #38 on: January 19, 2021, 06:18:28 AM »
These countries are influential and considered as powerful when it comes to politics and economic matters. If they have shown their interest in that particular part then the future of crypto currency is brighter more than we could imagine.
One should not admire the stable coins of the central banks of states. On the one hand, these coins will indeed be very convenient for states and people in terms of their high functionality as a means of payment and ease of maintenance and circulation, however, by doing so, they will create strong competition with decentralized cryptocurrency. Cryptocurrency is now more used as a store of value than a means of payment, and with the advent of digitized currencies of states, this process can only get worse. In general, this is not very good for cryptocurrency.

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Offline oasis

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Re: cryptocurrencies from governments
« Reply #39 on: January 19, 2021, 06:24:13 AM »
cryptocurrency was meant to create a decentralized system that will be excluded from any central authority or govt influences. Govt can crease CBDC but they will never create any system that will be decentralized because they do not wants to give people so much power so easily.

Offline nelson4lov

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Re: cryptocurrencies from governments
« Reply #40 on: January 19, 2021, 10:18:37 AM »
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.
It's really sad that not all countries are friendly with bitcoin, same goes my country, the government doesn't have anything to do with bitcoin they are not even interested in it, although about 20% of the total population here know about bitcoin, but the government still doesn't support it, they even passed a strict bill last year on the use of bitcoin within the country.
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Offline Senin

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Re: cryptocurrencies from governments
« Reply #41 on: March 19, 2021, 06:15:12 AM »
They just combine their own currency with the blockchain instead of using Bitcoin or other cryptocurrencies. :o
Sometimes even their digitized currencies are not issued on the blockchain. I was recently unpleasantly surprised that the Chinese digitalized yuan, which we have been anticipating for so long, turns out to be not being issued on a blockchain basis. Perhaps this is due to the fact that they began to prepare it back in 2014, when very few people knew about cryptocurrency and blockchain. Now, I hope that such digitized currencies of central banks of states are issued on blockchain technology.

Offline Paha87

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Re: cryptocurrencies from governments
« Reply #42 on: March 19, 2021, 06:43:08 AM »
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.
It's really sad that not all countries are friendly with bitcoin, same goes my country, the government doesn't have anything to do with bitcoin they are not even interested in it, although about 20% of the total population here know about bitcoin, but the government still doesn't support it, they even passed a strict bill last year on the use of bitcoin within the country.

Unfortunately, there are a lot of such near-minded states, including mine, for them, cryptocurrencies are something supernatural and extremely difficult to master, as many consider bitcoin to be the development of American special services, and so on and so forth. you understand my message, I hope) I am sure that many third world countries that will soon make cryptocurrencies a means of payment and will create favorable conditions for the creators of projects and startups, such countries will overtake the first-tier countries with authoritarian views on all this in technology.

Offline Dreamer

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Re: cryptocurrencies from governments
« Reply #43 on: March 19, 2021, 11:59:46 AM »
Some governments already accept crypto in different sectors in their country's and they accepted crypto because they see how their citizens are benefited and changed their lives. I hope many governments will accept crypto in the future including my government.

Offline madenci_34

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Re: cryptocurrencies from governments
« Reply #44 on: March 19, 2021, 12:06:56 PM »
The currency of the states will only be using the same system as the crypto money system, namely the "blockchain". Therefore, it will be like any crypto money different from Bitcoin. Let's see if any state's cryptocurrency can take the lead from Bitcoin.

 

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