We cant say that it wouldn't have a future because we are totally opposed to this thing but sadly this one had a bright future.Why? People who do stick to traditional system
will definitely use these government issued coins and hence these are crypto yet these ones are heavily centralized and this isn't totally different from traditional fiat system but this time they do just in line with the hype and tending to create their own.Banning all decentralized tokens and they insert out their own coins to be introduced to masses.
They do have the power on blocking the market and introduce their own and benefit with It since crypto currency is already making some buzz at the moment they do make use or utilize this popularity to blind up those people who loves to be always under the radar of the government.