But generally, I don't like seeing countries getting into stuff like this because they are usually not good at handling the business.
Yes, just like you said, when the government has handled the company, then there will be a condition of interest from each other. I saw several officials in government as owners of specific crypto, so there will be a conflict of interest if crypto he has owner dump or not to his liking. That possible the market is not going decentralization price like another exchange, that possible (i.e. bitcoin price) on my country is $50K, while outside countries like USA or China $50K, but on another side, we can't withdraw it or arbitrage it on another exchange.