Government launches govcoins to bring down Bitcoin
Why government wants to bring down bitcoin ??
The government controls the country’s finance and economy with the help of central banks and financial institutions. After Bitcoin has become the mainstream, many central banks have lost their business, which is eventually a loss to the government. Thus, the government, as well as central banks, do not like bitcoin.
Bitcoin is not functional , foundational and it is decentralize the economic system , but government wants to make the economic system more functional and regain the lost power through govcoins .
Usually , public used cryptocurrency through an app in digital form , no cheque and card issues , so the govcoins is like this type coin in which you uses this through an app in digital era . but we know that cryptocurrency against government policies because this currency used 80% of illegal work on dark web, so the government wants follow down bitcoin amongst public prospective , and at this place bring govcoins which is used in legal work and these coins under the government policies , and the most important thing is that interest per rate in this coin like a bitcoin . and more profitable thing is govcoins to it used debit card so for indians people it is better to used govcoins comparison to bitcoin , because bitcoin not used debit card it is only used like paypal etc . so the main motive of govcoins is bring down bitcoin and i wish government motive will be successful among public .
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