Canadian Bank Launches Fiat-Backed Digital Currency in Claimed World First

US Banks are to be doing similar things by offering their own digital currency, backed by fiat.

The difference between decentralized cryptocurrencies like Bitcoin, and a centrally controlled and issued digital currency should be clear enough, but I pose this question to help clarify:

If you believe that the central banks and governments have done a great job at managing a relatively slow-moving traditional money system, then government backed digital currency poses no concern for you.

If you instead believe that the central banks and our governments have made worse a terrible debt problem, a terrible income equality problem, and are likely to do this at digital warp speed as soon as they can, then decentralized digital currency is the clear choice.