Recently news are coming about countries testing to bring their own cryptocurrency, which IMO is a joke. Cryptos like Bitcoin was not built just to make it more secured. It was built to make it decentralized, take control back from Governments and give people the freedom they deserve. It seems like Govt. wants to make people think that Govt. have no idea about that. Why do they need to create a national crypto? I want to know one good reason.
Countries are trying to make their own cryptocurrency, a currency which is centralized but at the same time transparent. While others are trying to save themselves from monetary deflation and they thought that it is one way to do that. Others such as Venezuela it is one way of getting away from the US dollars. There are many reasons but one thing is for sure it is controlled by the government at the same time it is transparent.