Post
Topic
Board Economics
Re: Goverments creating digital currencies - Threat or Opportunity?
by
FlightyPouch
on 28/05/2020, 14:20:19 UTC
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?

Government is the one who holds the power so whatever it thinks that seems good for a nation is an obligation to be done. Threats are in every opportunity and vice versa.

This depends on the country you are in though. People also have their powers, unless a king or a Prime Minister holds the nation. Though I agree that threats are included with every opportunity being given, if the government is given the opportunity to create their own digital currency, they will do so. If they did, I don't think it is a problem at all with crypto currencies.