Countries With Government Cryptocurrencies

Crypto market is expanding everyday in very quick speed. But still many countries are banning. Good thing is an opposite scenario that some countries are realizing the trends, but they did not accept traditional cryptos, rather they launched their own blockchain currency.

Wondering why they developed new blockchain where there exists many!

May be countries do not want to loss control over decentralized system or they may consider the existing cryptos as strong competitor against their national currency.

But this is sure people are starting understanding the facilities of cryptos and organizations even countries are going towards the system

First government crypto launched in Dubai in 2017 which name is Emcash, currently using in government and non-government services including various fee, money transfers and utility bills.

Then in the same year Venezuela launched “Petro” as their national cryptocurrency.

Estcoin and Russia also proposed to launch their won crypto, but they are still in policy level.
Sweden already declared their crypto name as E-Krona.

Japan is going to start their crypto J-Coin on Tokyo Olympics in 2020.

[Source: https://coinsutra.com/national-cryptocurrencies/ ]