Will countries or central banks create their own cryptocurrency? - page 10.

BlackBeauty

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Quote from: leostrong.mo on June 20, 2018, 06:14:24 PM

Governments and central banks around the world are increasingly recognizing the potential of cryptocurrency!
The Venezuelan government created the first government-designed cryptocurrency!
In the future, more home countries will create their own cryptocurrency!

Yes maybe they will create their own currency in future because digital currency is very profitable and that's why they think that it will give them a huge profit, but I think bitcoin will more popular in future than government's digital currency and people will on bitcoin.

leostrong.mo

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Governments and central banks around the world are increasingly recognizing the potential of cryptocurrency!
The Venezuelan government created the first government-designed cryptocurrency!
In the future, more home countries will create their own cryptocurrency!

boddy.dy

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This is possible that other countries or central banks will create their own crypt currency. Well as we know that there are a lot of coins and crypto currencies arise due to the popularity of bitcoin and others. It is because there is really a lot of profit here and all of us want to have this kind of system that can give a lot of profit. Others already did this, the not so good thing that they did is that they almost copied the other crypto currencies like bitcoin. They copied it then they just change something and develop something to make them say that this is different from the original.

yangdd

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This is possible in coming future but before regulation must be there because govt. can't control decentralize currency (P2P currency).
But if countries have come up with their crypto than trade will be more easy between nations, But there will be problem how govt. will control the inflation rate of crypto.

Reagan_alvaro

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Quote from: ?? on ??

Quote from: waqasniaz007 on February 16, 2018, 12:56:48 AM

A few countries and central banks have been talking about “digital currency”, and most of them are carefully ignoring the term “crypto”. Fact is- digital currency is not the same as cryptocurrency. These countries/central banks are recognizing the benefits of the digital currency features of cryptocurrency, but they don’t want any of the decentralized uncertainties that come with blockchain-based currencies.
Will countries or central banks create their own cryptocurrency?

The lawmakers of South Korea are moving towards introducing the bill to legalize the limited number of newly launched ICOs that will be under government supervision. After banning the ICOs completely last year, South Korean companies took to abroad to launch their ICOs.

Continue reading: https://coingape.com/south-korea-bill-to-legalize-icos/

I think these countries / central banks recognize the benefits of the digital currency feature of cryptocurrency, but they do not want the decentralized uncertainty that comes with the blockchain-based currency.
Will the state or central bank create their own cryptocurrency?
Some countries and central banks have talked about "digital currency", and most of them carefully ignore the term "crypto". The fact is that digital currency is not the same as cryptocurrency.

RAAAMA

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I think the possibility is there that government will create their own cryptocurrency or digital curreny. It is just like transferring the current fiat curreny into digital/crypto. Even our Central Bank (Philippines) is very keen on utilizing blockchain technology it it's processes. In due time, all Nation will venture in this technology as what the internet had done to all countries.

randyboy

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Maybe yes or maybe not because other banks do not leave behind in today's trend because a lot of people now are going to interest in this new platform we called crypto currency but banks think that they will not earn much money here so they make their own way.

Elseye

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ApolloX

As I know already many countries done some, most famous one is Petro coin. There were rumors about crypto-rubble but nothing happens yet.

YCryptos

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This question can be answered in one word "No". This is not necessary not to the state not to people. People like crypto currency, which exists already at the moment, and it needs to be improved and promoted.

jakoylantern

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For me, I think that counties or central banks have the ability to create their own cryptocurrency if they want. As I remember I read some articles that this country is trying to create their own cryptocurrency because they like the concept about bitcoin, but they want to put a tax on it, and they want to control it so that they know who is the person that using their crypto in illegal activities. But the effect of its just a regular currency because many crypto users think that the concept of freedom or decentralization will be loose. I also read that this state is now using digital currency and making the first cashless society in the world.

Realistmoon

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Theres a possibility that central banks create their own cryptocurrency if they adopt the system. Bitcoin is very known today, if i were a bank owner thinking about the profit then i must accept bitcoin and its system.

senin

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States will issue their own centralized digital currency. They do not have any sense in issuing crypto currency, which they can not manage. This is quite logical. Most likely, they will issue digital analogues of their national money and these digital money will go along with national conventional money. I think it will be pretty good. It will be possible to take advantage of both types of money. Of course, centralized crypto currency will also be completely public, anonymity in it will be minimal, but at the level of peer-to-peer operations, I think it will remain. In any case, we will retain the right to choose what kind of crypto currency to use - centralized or decentralized.

webdevmastery

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Quote from: waqasniaz007 on February 16, 2018, 12:56:48 AM

A few countries and central banks have been talking about “digital currency”, and most of them are carefully ignoring the term “crypto”. Fact is- digital currency is not the same as cryptocurrency. These countries/central banks are recognizing the benefits of the digital currency features of cryptocurrency, but they don’t want any of the decentralized uncertainties that come with blockchain-based currencies.
Will countries or central banks create their own cryptocurrency?

There is a huge chance for banks to create their own coin and make a way to have their own profit from cryptocurrency because they cannot place taxes on the market and bitcoins is also a threat to their business due to the decision of different people who are preferring to invest on cryptocurrency more than placing their money on the banks.

shinharu10282016

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Quote from: waqasniaz007 on February 16, 2018, 12:56:48 AM

A few countries and central banks have been talking about “digital currency”, and most of them are carefully ignoring the term “crypto”. Fact is- digital currency is not the same as cryptocurrency. These countries/central banks are recognizing the benefits of the digital currency features of cryptocurrency, but they don’t want any of the decentralized uncertainties that come with blockchain-based currencies.
Will countries or central banks create their own cryptocurrency?

Isn't this contradicting the very essence of DECENTRALIZATION as it makes up the 70% meaning of CRYPTOCURRENCY? I mean, if someone is governing something then that is CENTRALIZATION.

The complete opposite of DECENTRALIZATION right? For that, if a country makes its own cryptocurrency, it will be similar to bitconnect or any other centralized organizations here as well.

Plus the fluctuations in the market of crypto can totally ruin investments don't you think? Especially at the start of 2018 where all newbies who invested in crypto in December 2017 said hi to big losses all of a sudden.

Quote from: jademaxsuy on June 14, 2018, 11:38:30 AM

Yes there are banks nowadays participating in the exchange of crypto and fiat money. These banks had already adapted the cryptocurrency and their job is that to get a transaction fee on the process of exchange. The likes of this bank will surely get a good profit and for sure many will follow also as to make a competitions regaring with the exchange of crypto to fiat money.

But that doesn't mean they want to create their own.

Even in my own country, the banks here just want the Decentralized apps for example the Ethereum Blockchain offers. ^_^

$anounimus$

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www.licx.io

yes of course it seems that the development of technology and the development of digital currency certainly the government has a desire to create cryptocurrency but it seems the government should have a clear and very useful cyrptocurrency development for the people.

jademaxsuy

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Yes there are banks nowadays participating in the exchange of crypto and fiat money. These banks had already adapted the cryptocurrency and their job is that to get a transaction fee on the process of exchange. The likes of this bank will surely get a good profit and for sure many will follow also as to make a competitions regaring with the exchange of crypto to fiat money.

LuciferEveningStar

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Quote from: waqasniaz007 on February 16, 2018, 12:56:48 AM

A few countries and central banks have been talking about “digital currency”, and most of them are carefully ignoring the term “crypto”. Fact is- digital currency is not the same as cryptocurrency. These countries/central banks are recognizing the benefits of the digital currency features of cryptocurrency, but they don’t want any of the decentralized uncertainties that come with blockchain-based currencies.
Will countries or central banks create their own cryptocurrency?

Yes they will probably create their own coin as well in order to compensate with the market of cryptocurrency because bitcoins is a threat to their business and nothing can stop it unless they will increase the scale of time depositing on the banks that will start attracting the investors just like cryptocurrency.

hsyncl

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I think they should definitely take their crypto money. The countries have developed very little in this respect and they have certainly gained a great source of income. I hope someone will take the initiative and come back.

localcrypto

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most of the central banks are on the discussion to create their own coins in the market own cryptocurrency is nothing but fiat currency in digital form

BulbaLord

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I dont think it can be happen .there are so many things to do to have their own cryptocurrency . But i think they can try . Nothing is imposible . Right ?

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