I still do not get the concept of a state managed crypto-currency. How is it a crypto-currency if it is created by and run by a state?
Just because it is an electronic currency, that does not make it a crypto-currency. The U.S. Dollar is both a physical and electronic currency (I can transfer dollars and make payments in dollars electronically). But it is definitely not a crypto-currency because it is sponsored by the government of the United States and managed by the US Federal Reserve.
Just because it is an electronic currency, that does not make it a crypto-currency. The U.S. Dollar is both a physical and electronic currency (I can transfer dollars and make payments in dollars electronically). But it is definitely not a crypto-currency because it is sponsored by the government of the United States and managed by the US Federal Reserve.
