I guess they are going to create their own crypto, but will it those type of cryptocurrency we are used to? We have to be ready to high taxes, awful fee and hard regulations.
There's no problem if it's only about the fees, we're used to it and we experienced it with bitcoin when it's on its all time high and there's an attack spam to the network.
But what's bad with this, a country that will own a crypto is really not giving investors an opportunity on what coin to choose for holding or usage.
This can eventually be implemented by the government and the theme of crypto as decentralized digital money will be gone, we all know when the government joins there is regulation, control and centralization.