Having a Government issued crypto isn't necessarily a good thing. It implies total government control and all trasactions no matter how small would be recorded and visible to them, unlike using cash at present.
I'm sure the revenue department would be happy with this outcome though.
Agreed. In the beginning I was totally against the idea of crypto's solely because of this and similar reasons but as time has gone on I've jumped on board. I'm glad I'm what I like to think as an early adopter although I feel late in many ways as I watched them for a long time. I do feel that in the future this will be the way and I can't say that it will be a good thing. Imagine all the possibilities of control this currency "could" imply if used negatively.............. I digress but am happy to be in the game.