Yesterday I read an article regarding digital currency. The article aim to discourage us in using digital currency as these currency is not recognize by our country monetary institution. What do you think is the reason why other governments are discouraging its citizen to use digital currency? Any thoughts.....
Many of these governments have no plan to endorse nor recommend bitcoin or any cryptocurrencies to their people for many reasons but most of all their inability to overcome decentralization and control it. Few governments are also planning to issue their own cryptocurrency and they will recommend it to their people to use it instead of bitcoin or any other existing virtual currency.