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?
It is actually a good proposition because the crypto community have been waiting for governments to accept bitcoin not just a digital currency but something useful and relevant. Each country has their own governments and worldwide, there are numerous types of government. I think the downside in this news is the type of government itself and its rulers or officials. Considering a government to be either communist, capitalist, democratic, and others, there would be a huge effect once they created their own cryptocurrency. It might be beneficial to them but not to its people.