3 Reasons Why Governments Are against Cryptocurrencies

According to reports from PwC, over 85% of central banks are either investigating or on pilot programs for digital versions of fiat currencies. The digital versions are now gaining traction as Central Bank Digital Currencies (CBDC), with China taking the lead with the e-yuan. However, while many countries seem ambitious about this version of virtual currencies, it doesn't mean they embrace cryptocurrencies. CBDCs are not cryptocurrencies, and some governments developing them have even banned cryptocurrencies. China is one of the…