Topic: Will countries or central banks create their own cryptocurrency? - page 12. (Read 3237 times)
June 06, 2018, 07:00:28 AM
Maybe they will do that but they also have to compete in this crypto world. Because it is not easy to compete with other crypto currency.
June 06, 2018, 06:18:10 AM
While governments are wary of creating their own crypto currencies. They have not yet decided on the general policy in the crypto market and what consequences for them can from its development.
I think they will not do that, they hesitate to create a crypto because their system is different from the government's financial system. even though the government is a developer they will not be able to be a controller in their own crypto, since the crypto system itself is decentralized June 06, 2018, 06:08:58 AM
Yes, pretty sure they are most likely to. We have transitioned over the digital era which obviously means everything is digitalized. It is not a distant thought to actually digitalized money. Cryptocurrencies really have the advantage compared to the traditional fiat which is commonly considered but they have to put it to thought that it is most likely to be used in illicit activities.
June 06, 2018, 05:54:57 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?
Maybe yes after 50 years or.more because if they see that qll the people are using the digital coins of course there.qill no one using the banks so the thing is the cash will be extinct in that time and the bank will cope up with the new thing which is the digital money and they will create their own money and be competitive with some other coins of course they will always represent a country and the people will start using them because if they will do it now not all people will use.
June 06, 2018, 05:37:14 AM
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.
June 06, 2018, 05:33:27 AM
I wouldn't be surprised. If you can't beat them join them right? I mean, there's already ripple. If cryptocurrencies gets strong enough I don't think governments will have a choice, including those that have banned cryptocurrencies. It would only be a matter of time.
June 06, 2018, 04:43:12 AM
While governments are wary of creating their own crypto currencies. They have not yet decided on the general policy in the crypto market and what consequences for them can from its development.
Mostly those countries are thinking over this who have been involved in bitcoin and other cryptocurrencies for long time. Like japan and Korea and few others. But those who even didn’t allow their citizens to utilize this chance and make money through this coins, how can even think of making their own crypto. This is light of success who isn’t available for everyone rather only few get enlightened. 
June 05, 2018, 08:12:21 PM
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?
In my opinion, as the world evolves to a better and a more convenient one, theses new technologies are the ones to back it up, now if the world is enjoying the advantage of this cryptocurrency system, then I don’t see why not only a country, but the whole world should adapt it.
June 05, 2018, 07:09:42 PM
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, I have also observed this. In fact, I do believe that there really is a big possibility that the governments and the banks in various countries may just go and make their own version of digital currencies that are somewhat same with the current crypto currencies that are present in this industry today. This is to enjoy the innovation that the cryptos bring without the uncertainties and to divert the people's attention from cryptos to digital money by fooling them that the two are the same.
June 05, 2018, 04:22:45 PM
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, I have also observed this. In fact, I do believe that there really is a big possibility that the governments and the banks in various countries may just go and make their own version of digital currencies that are somewhat same with the current crypto currencies that are present in this industry today. This is to enjoy the innovation that the cryptos bring without the uncertainties and to divert the people's attention from cryptos to digital money by fooling them that the two are the same.
June 05, 2018, 03:35:32 PM
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?
June 05, 2018, 03:26:31 PM
While governments are wary of creating their own crypto currencies. They have not yet decided on the general policy in the crypto market and what consequences for them can from its development.
June 01, 2018, 11:03:05 PM
in my judgment in the future this could happen because many countries want a tax for crypto transactions. then this indirectly they want it but must be in their control and can be detected, moreover there are already countries that want it directly.
They will create their own blockchain if they can see that it is more advantageous for them if they create a cryptocurrency that they can control compared to the existing cryptocurrencies that they can't control. At least if they make their own private blockchain then they would be able to monitor the transactions and corruption in the government would be lessened or be totally eliminated. They cannot eliminate the fiat though because of some limitations like some people cannot access it or would not know how to use the gadgets so fiat would still be needed for them to have access to funds.
June 01, 2018, 10:01:32 PM
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?
I think that is the best option because the banks have been listed on the stock market. They have enough capital to carry out their business and investment strategies, so they will not need to be listed on the Crypto market anymore.
June 01, 2018, 09:45:50 PM
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?
June 01, 2018, 06:47:14 PM
To make an altcoin is need a big fund to have a own crypto coin. Like Many Pacquiao are planing to make his own crypto coin and it will named by his name to. The "Pac coin" but I don't know he will countinue his plan.
June 01, 2018, 05:49:00 PM
[State cryptocurrency watch]
This news item is about one week old:
Marshall Islands Officially Make Crypto Their Sovereign National Currency
I guess it will be some kind of Tether-like "backed stablecoin", only that the issuer is a state and not a private business.
This news item is about one week old:
Marshall Islands Officially Make Crypto Their Sovereign National Currency
Quote
Their new national cryptocurrency is called the Sovereign (SOV) and will be the official legal tender for businesses and the 53,000 citizens of the Pacific islands.
I guess it will be some kind of Tether-like "backed stablecoin", only that the issuer is a state and not a private business.
This will only happen when the government of a specific country accepted the use of cryptocurrency.
Actually i dont know why they are so much against it. But I do believe that it is possible that they will be the ine who shall issue that.
June 01, 2018, 03:53:06 PM
in my judgment in the future this could happen because many countries want a tax for crypto transactions. then this indirectly they want it but must be in their control and can be detected, moreover there are already countries that want it directly.
Yes and secondly i think it will never beneficial as like bitcoin currency because bitcoin is giving a lot of benefits for people and that's why many people earn much more money and if banks ate create their own currency as like bitcoin so people will trust in bitcoin and invest in also this currency. June 01, 2018, 03:16:44 PM
in my judgment in the future this could happen because many countries want a tax for crypto transactions. then this indirectly they want it but must be in their control and can be detected, moreover there are already countries that want it directly.
June 01, 2018, 11:58:02 AM
Sweden already created their own crypto coin called e-Krona. China and India both are planning to start their own coin
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