Russia also want to start them own one not know what will be difference between it and BTC
They will just create a digital cash alternative.
Instead of visa servers there will be a blockchain.
The main differences will be:
- no mining
- no price fluctuation (one coin will always be one rubble)
- centralization (which might imply transactions rollback)
- and there might even be individual wallets generated only with an government id
- probably unlimited supply
That would be great if Dubai launch the cryptocurrency, Dubai is known for adopting the new technology and I am sure they will set an example for other countries to follow the crypto revolution.
What would be so great in creating a centralized government controlled fiat coin?