Quote from: onrise on February 17, 2020, 02:27:14 PM

Quote from: Arcas on February 12, 2020, 04:18:23 PM

Become an opportunity if government created cryptocurrency and go ahead with listing in bigger exchange market or have own market, then keep continue promoting and looking best partnership for government coin, I think this way will make many investor love and want invest there with higher amount.

This actually gives an opportunity to their country's citizen because it means government would be making it legal or it is legal already and such coins in long term would definitely do better as it is backed by government and in coming times government would be bringing it as a mode of payment for various business and would encourage other people also to make the digital payment. This would boost the demand of such coins and price will rise.

This may be true and it is good when that happens because if the government really create digital currencies the meaning is that they are adopting cryptocurrency and making it legal to that particular country but I think they should adopt bitcoin first because it is the most used cryptocurrency and they can make transaction worldwide using this. Because if they create a new one the only users maybe are their citizens which is good also. The only disadvantage maybe is that the users will pay taxes on every transaction, I think government will put taxes on that.

Quote from: dvmmayowa on February 17, 2020, 03:55:32 PM

Quote from: ronbennett_ on January 24, 2020, 11:31:29 PM

Some governments recently try to create their own crypto currencies (e.g. China), according to reports. Some welcome this as a good step towards mass adoption of cryptocurrencies, others don't like it. Still, the crypto media welcomes this and we should consider whether this is good news in general or not.
What would be your opinions be on this? Should more and more governments create their own digital currencies and introduce them to their population or should we not support the creation of digital currencies made by governments?

I believe its a great step towards blockchain adoption, although it will come with bits of centralization or even total centralization, still yet its an assurance that crypto is getting more recognition and really, its a good news for the industry.

Indeed, this is one of a good thing if they really adopt digital cryptocurrency in their country. Centralization is maybe not a problem when you are really want to use cryptocurrency even if you are paying taxes it is good as long as it is legal to use on your country. Blockchain technology will innovate and more projects will come if that will happen.