A government-developed cryptocurrency isn't unheard of -- Venezuela controversially launched "Petro" in 2018 in an effort to get around sanctions.
source https://www.google.com/url?rct=j&sa=t&url=https://www.engadget.com/2019/02/03/saudi-uae-cryptocurrency/&ct=ga&cd=CAIyGmM2Nzk3ODA2ZWViNjVjODI6Y29tOmVuOlVT&usg=AFQjCNFYLHha4uE649z0j6K35Q_LMk_H1A
