Decentralized Web - Q&A

What will happen if a government built its own blockchain, forbid all native cryptocurrency, and legally accepted only those cryptocurrencies already wrapped by that fresh-built government blockchain?

This scenario is already happening with the upcoming central bank digital currencies.

If a good number of central banks decide to close the gates of entering and exiting the crypto market whatever circulates outside of the accounts of central banks may be as good as void or non-existing…