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RE: Singapore To Launch National Token On Ethereum Blockchain!
On the surface it looks like good news because a country is trying to adapt it but when you look at the fine details, its basically a government attempt to gain control. How does one centralized a blockchain and give your bank of interest rights to issue tokens. Something not adding up
Yes that's true, I mentioned that in another comment as well - a national token defeats the purpose of a decentralized cryptocurrency. Definitely.
It's just another way for the government to get involved with crypto, while still trying to keep control over it.
I'll be interested to see how these "national cryptocurrency" projects will turn out in the future.