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?
this will favor our market because at least there will be more option of legal crypto that we will invest for and for sure those currencies is well supported and may not be manipulated.
We all know how Chinese government is eager to make Coin to compete Bitcoin as they are always wanted their own brand and product and since they knew that crypto will be the next big thing then they are getting ready.