Banks can create and create their own digital currency. An example of this is a ripple coin. These coins will work in their narrow sphere of banks and will not compete with the original bitcoin. States can also create their own centralized crypto currency. Most likely, she will also walk mostly inside this state and will not have much support. Therefore, I believe that such a digital currency simply can not compete with bitcoin.

They could. Some governments have bared their plans on creating their own digital currency, and some banks have pledged to support them. It is unclear what effect that would have on Bitcoin and other crypto at the moment. We don't even know what kind of features they will implement. They won't really need to pump it because (most of) it will be based on fiat from what I've read.

Yes they can actually anyone can create their own crypto currency as long as they can provide capital. I thinks there's a posibility for government and banks to create their own coin so that they will have full control over its market the only problem is if this coin will be accepted by the people and supported by majority of investors when introduce.

The NSA government and banks can create money, but they created bitcoin currency and is completely different, the creation of government NSA and bank notes, it can be controlled, is completely centered, and bitcoin is to the center, this is the biggest difference. At random, I don't think it's possible for the government to create coins like bitcoin.

Anyone with enough understanding and knowledge in programming can make their own cryptocurrency. Some known countries that already have their own cryptocurrencies are China and Russia. But the thing is if government make their own cryptocurrency that is backed by their fiat currency it will kill decentralization because they will surely want to have control of it, people wants and will always support a decentralized payment method, investment and store of value that is why government issued cryptocurrency will never defeat Bitcoin.

To defeat bitcoin ? Nope, it won't happen. The government or banks can create their own crypto, even you and everybody here can create your own crypto too. The problem is, is there anyone who want to use your crypto/token/coins ? Even token that is from project ICOs is not always success.

Yes of course. We know already that governments and banks has billions or even trillions of funds to start for any projects they want to create but the question is, How about the community, do they really like to support centralized type of crypto? Though I know one coin that is the best example for this matter and it is no other than Ripple (XRP). Look at the status of Ripple now it supassed the MarketCap of Litecoin and is listed as top number four coin in the market with high cap. It always depends on the community if they are investing to the coin banks and governments created. Some issues with such projects are safety and privacy which investors are looking for before investing because they thought there are ways banks and governments has to use their own cryptography to have an eye with our funds since it is centralized.

With the way the crypto is, even you as an individual can create your own coin or say token with little or no effort, just having some amount of money to.cover the logistics not to talk of government that have all the resources at their disposal. Tlak about the media, the unlimited fund to push it, and even the force of the law to.ensure compliance and much more. How will they not be able to create their own coin but maybe their interest is into something else or they feel the time is not ripe yet to push something like that but sooner or later, it might get to that level.

The World is much more complicated than just money & currency.
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