Some governments recently try to create their own crypto currencies (e.g. China), according to reports. Some welcome this as a good step towards mass adoption of cryptocurrencies, others don't like it. Still, the crypto media welcomes this and we should consider whether this is good news in general or not.
What would be your opinions be on this? Should more and more governments create their own digital currencies and introduce them to their population or should we not support the creation of digital currencies made by governments?
Any technology that takes economy away from traditional currency is a positive development according to me . But as people have mentioned already , there is a difference between digital currency and crypto currency .
Speaking of India - I actually feel its time for India to create fixed price digital Rupee , why?
1. Less corruption as everything will be transparent.
2. Less cost of management of currency .
and many more .