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RE: Singapore To Launch National Token On Ethereum Blockchain!
I think centralizing and nationalizing cryptocurrencies won't be good for the entire crypto system since the entire base of cryptocurrencies is its de-centralized way of operations. It will also restrict the growth of emerging markets since they don't have the firepower to deal with the already developed economies. As a result it will only increase the divide and hinder the overall growth of the system.
Good points.
Its definitely true that a national token defeats the purpose of a decentralized cryptocurrency. It's just a way for the government to control it.
But still, it's great to see that they are finally realizing the potential of crypto and blockchain.
Absolutely...also I hope not but what if government and banks gang up and try to play the legality card on crytpocurrencies...but I'm sure our generation will come out strong and find out better ways to counter anti crytpo moves.