Your concerns are well known.I agree that the cryptocurrency was originally created as a counterweight to traditional financial institutions.But let's remember how the Internet was created.It was originally created for military purposes.Now it is used by absolutely everyone.It is the same with cryptocurrency. (I don’t know about the military purpose), but the principle is the same.Many people are beginning to use cryptocurrency. And governments see this. They make decisions accordingly based on the current situation.In General, I think there is nothing wrong with the fact that governments are thinking about creating their own cryptocurrencies.They will be able to fully coexist with other cryptocurrencies.
Let's assume all countries decide to have their own form of national crypto, don't you think they may end up outlawing the use of BTC and other non-sovereign cryptos within their jurisdiction?
Governments always want to have control over the lives of their citizens, else there would be no need for it.
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