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.
I think theyre just trying to check and test if they can have a cryptocurrency that they can control. That they can manage. I think though to your point it can be considered laughable, you can actually see that it can be beneficial to them because as a government you would want something that you can manage so that you can check if it causes a ripple to your economic stature or if it has been causing a drop or rise in crime due to its implementation.