the goverments have plan to create their own cryptocurrenicies, so the btc and eth was just testing currencies to see how it works and get people to use with cryptocurrenies?
first whats wrong with fiat currency? the cash is works good nothing wrong with this.
second how they are going to control how much to issue the currency and how the value will be backed?
and by who the transparanscy is guranteed?
The government is creating digital currency, but there is nothing wrong with the fiat, it’s still going to be there even after they have created and released their own digital currencies.
The digital currency they are creating is for things to be better, but it’s still similar to the fiat money, I don’t know why they are making it seem like their central bank digital currency will be something very different, nah it wouldn’t, and it’s going to be issued by central banks, it’s same as holding fiat. Already there are much we can do without the need of the digital currencies they are trying to create.