One thing that has bothered me from the beginning - If the governments issue their own digital currency, won't the first thing they do is ban the use of other coins?
True that's what China is doing actually. They plan on issuing their own CBDC (Central Bank Digital Currency) and that's why they banned Bitcoin. Doesn't stop people from using a VPN though. In the meantime the US government has stated they have no plans to ban Bitcoin, especially now that ETFs are being approved.
One thing that has bothered me from the beginning - If the governments issue their own digital currency, won't the first thing they do is ban the use of other coins?
True that's what China is doing actually. They plan on issuing their own CBDC (Central Bank Digital Currency) and that's why they banned Bitcoin. Doesn't stop people from using a VPN though. In the meantime the US government has stated they have no plans to ban Bitcoin, especially now that ETFs are being approved.