I smell something fishy about these countries trying to enter the crypto world. It is good that governments of these countries can see the potential of crypto currencies in terms of its accessibility and service to have a cashless society, but we can't stop thinking that maybe governments of the said countries have their hidden motives in entering and making their own cryptos. They will be able to control it just like what they want in bitcoin that they cannot control.
Anyway if it will help them to lessen the hustle but rather improve the services where these cryptos will be used, it can still be considered as a good idea.
Yes exactly. But on the other hand its nice that the population of crypto users will increase because of this countries who will legalize crypto currencies and introduce it to their fellow citizens. If they will create their own coin its good but they cannot still bitcoin because it is the great coin at all times. I hope that my country will also legalize bitcoin or the crypto world itself because it cannot replace the fiat but it will surely help our economical status.