Bitcoin Forum

I know that Venezuela has petro, Japan has MUFG Coin. anyone please tell me, are there other countries that have created their own crypto besides Venezuela and Japan?

I think it's interesting, maybe we better call it a national cryptocurrency. do we need it for the future? and what is the important role of cryptocurrencies created by the state?

I have indeed heard that many countries have crypto. However, the crypto is not created officially, therefore, most crypto are created for the benefit of certain groups and do not aim to align with the official currency of a country. It takes a very long time if we want to apply the crypto currency officially to a country. This will also be a debate and the first step that must be done from now on, which is to try to make a regulation related to crypto, because with that, crypto will be able to develop and have a comfortable position globally.

this is really interesting, if all counties or most cointries create their own cryptocurrencies,,
wich means there will no paper money anymore,,
but, this will be complicated too, because the volatilities of crypto is to high for a national currency

I am waiting for the world's good response to receive crypto and make regulations, so the state can regulate crypto trading, and that will make crypto volatility become a little stable.

I think, if all countries have good regulation about crypto, then national cryptocurrencies will have an important role to regulate global business and the world economy.

if my topic is interesting, you can give me merit.

the existence of fiat will always survive, but fiat is controlled by some people who do not know the technology and cannot use crypto, unless there are platforms and startups that can make transactions crypto become easy.

and I think crypto will master every transaction.

we can't stop high crypto volatility, but at least regulation can make crypto a little stable.

therefore regulation has a large influence to control volatility.

I've heard about Russia's own coin few years ago but that was a scam and there's also a statement that India has it but that's all a claim to hype those coins that they are promoting.
We can it that way.
I don't think so, they have fiat already so if ever they will come to cryptocurrencies and they'll control that coin it won't be decentralized.
Not sure about this but it's either they've figured out that they can take advantage of it and make another source of income.

In the Philiipines, we such thing as LoyalCoin (LYL) which is the reward or loyalty system on the blockchain and it's eyeing for worldwide adoption which is really cool instead of just being just nationwide.

I don't really think it's necessary and I don't really know what's the purpose of each country to have that. Russia have their own crypto too. I'm not economist but if all country will adopt this kind and will have it's own cryptocurrency then every transaction will be paperless or cashless and it will be all digital.

One of the reasons that make me join the cryptocurrency wave is having a coin that I can spend all over the world without moving from my chair and without using stupid services like PayPal. Having a local crypto that can be traded easily to bitcoin or to an altcoin should be essential or else we will miss the spirit of cryptocurrencies.
Apart from petro, i think there is not any crypto backed up by any government.

There can be a multiple of coins issued by every country. Venezuela is working on issuing another currency while many countries in the world had and are planning to issue currencies to use in different sectors of e-governance, to everyones surprise, Chinese government is one of the leading authority to research and issue tokens for different sectors.

Crypto currency is for sure helps one country. Why? In terms of businesses with transaction it become easy and fast.not need to use third party company. So the economy of Japan as you said have a created coin names mufg. Money become easier to receive and send to each people even outside the country

I think next years most states will have a its own cryptocurrency. Hard to imagine that all states use common crypto.

I think every country know about cryptocurrency but not all countries have their own cryptocurrency :). In Vietnam, cryptocurrency is something very terrible. LOL. If you know about this country, you'll know that only scam coin will be created in here to scam money from Vietnamese and the owner of these scam coins are also Vietnamese. LOL. Millions dollars scammed by PINCOIN which also run a bounty campaign in here. LOL.

Yes I also realize that some big countries legalizing the cryptocurrencies are recently making some. However, to be one of the legal cryptocurrency in the world, maybe only for few countries. However, if for the whole countries in the world, I don't think so. It may be very difficult for some countries realizing to have their own crypto. But the future? No one knows and can predict 100%.

I think this is a trend, and this will definitely happen. In a few years, every country in the world will have its own cryptocurrency.

in my opinion what you say is true. Bitcoin prices will have an effect on other coins. bitcoin itself is a digital currency that comes out the first time. so that if there is a decrease or increase in prices on bitcoin, other coins will follow. like the dollar which will give effect to the rupiah, rupees or other fiat currencies.

if it will be done, it must need legalization from the government. because each country will have its own value to their digital currency and that will also affect the state of the economy in that country.

if this can be positive I really agree with what is done by both countries (Venezuela and Japan). different from some countries that prohibit crypto.

The problem here is how they will manage and survive with the volatility of Bitcoin price as we know that all altcoins will follow with the downfall of Bitcoin. I don't think that other countries will follow with Japan and Venezuela as this is a big risk to their country if in the bearish trend happens.

Both of these countries are already advanced and the state recognizes digital currency, while other countries still doubt digital currency, even though the development of technology is progressing and growing, gradually a group of countries will create their own digital currency without the government.

The currency crypto was created by the government. They are used for their own purposes. Like venezuela, Petro coin was created to solve the country's inflation. Actually they are not called crypto currency and they are not popular all over the world

Personally, I think every country know about crypto but most do not have their own crypto because crypto is still banned and not legalized in some country like mine because it is not yet accepted but I think in coming years, every country will have their own crypto.

Yes, you are right for now, it seems like in every big country that has a very good economy, it seems that it already has a digital currency or is often called a cryptocurrency with cryptocurrency, it can show the development of that country.

We in Ukraine also have our own crypto currency, which is called Karbo (Karbovanets), which in fact is the fork of the Monero coin. To be honest, this crypto currency is not yet used in any sphere of life  :-\

Glad to hear that cryptocurrencies are spreading mostly everywhere. In my case unfortunately it is not the same story. But what brings me joy is that people here in Serbia are getting interest and good start is that ATM's are starting to show.

It will be interesting to see  countries launch their own crypto coins. It will go a long way to further show that it is gaining grounds. I'll personally see what the likes of the US and UK will say concerning this and what their coin would be called if eventually launched, though, that seems not to be happening anytime soon. They still doubt digital currency in my country here, so, launching that is not visible plus we do not have the economy that supports that. I believe a country needs a good thriving economy to launch its own coin.

The economy of the country that accepts digital currency improving and having a good rate but other are not. Here in my country, though having own crypto currency, do not make any change on the economy and getting worst than before. I am still hoping that it is just part of a change and start something new to have a peaceful country. I hope that crypto being created here grows and recognizes by everyone.

Is well pronounced in all countries

I also heard that only few countries have crypto as it is not legalized in many countries. In my opinion as of now it is not possible for all the countries to have their own crypto currencies as it means there is no paper money, it will be alldigital. It will take time to regulate the crypto currency in all countries.

Yes every country is have a cryptocurrency but i don't think so if same to other country the cryptocurrency to others but when difficult or same wtih other country that's ok because that same to need the cryptocurrency.

because many countries ban crypto, so, crypto popularity does not uptrend. I agree with you, Petro was created to improve the economy of Venezuela, and the results are very good.

imagine if all countries have cryptocurrencies, I think all countries will grow well, there is no poor country in terms of economy.

I think we don't need fiat anymore, and every country must have crypto.

that's very good, I think there are some things that the government must pay attention when they will create a crypto, so the crypto they create can be used for local and international interests. at least crypto that created by the state can make the country's economy a little stable. good crypto is crypto that managed by the government well.

one of the things that must be considered by the state when they will create crypto is crypto value and credibility when going into the local market.

I don't think that avery country has a crypto. Maybe a few of the countries, but not all of them. There are so many countries that are yet to fully embrace the technology that is cryptocurrency, talk more of creating a coin. There are even some countries yet that the cryptocurrency news is not even popular in yet.

Cryptocurrency must easy and confortable to used thats its why most of the country create their own.I think the most crypto that is unique is bitcoin and no one can defeated on it.Due to new technology they embrace it for more improvement in their country.

I don't think that this is true. There are so many countries that have not even accepted the technology that is cryptocurrency, talk more of having a cryptocurrency of its own. There  is still a long way for cryptocurrency to go for this to happen. Quite a number of country indeed has their cryptocurrency, but not all countries.

Cryptocurrency is gradually taking over the finance industry, and it is doing way more than some people originaally accepted, and it is becoming more known and almost generally acceptable, but I do not think that every country has accepted its concept just yet and have their own coin. Most countries do have their own cryptocurrency, but not every damn country.

This is a development trend. Many countries will issue their own coins in the next two years. It is definitely necessary that the national currency is riveted in the national currency.

I know there are Russia, then some small countries, all of which have their own cryptocurrency. I believe that in the near future, more and more big countries will create their own cryptocurrencies, which is an inevitable trend. The times are improving.

Philippines has LOYAL COIN, that is focused about loyal rewards all over the world. their ICO was a sold-out.
BTW, not every country has their crypto coin/token.
there are some who still dont have.

I also heard Manny Pacquiao will be launching his own crypto too called "PAC token" and has partnered with Singapore-based Global Crypto Offering Exchange (GCOX), a company which Pacquiao has invested in. They said the main aim of the token is to connect fans with merchandise stores set up by the Filipino boxing star.

I think if national cryptocurrency is needed for the future because cryptocurrency systems are very helpful for managing a country's finances. but it all depends on how a country assesses it.

That's good news indeed. If states start creating their own cryptocurrency, it means we are getting closer to being accepted as a legal tender. mighty strides for cryptocurrency. But till the volatility is curbed, i doubt more countries will adopt it as the value of a legal tender should remain constant against commodities except in case of inflation.

yes, it is good because it is helpfull all ,easy to transaction and easy to buy for things, than easy to pay money so this is more useful and safest investment for people.

That is not necessary and it will create the chaos and nothing else. I mean for what purpose the crypto currency should be created by the state wise pattern is mysterious thing for me.

Adding up more coin into the crypto economy is not going to help it in anyway. It would be better if government just accept the crypto currency like ETH or BTC and implement the use of it within the states, countries. Then also people will be more than happy to see the effectiveness of crypto.

Yeah, Russia had their own crypto, and some other countries in the world have that too. If every county will have their own crypto currency then it will good for the development of cryptocurrencies in the whole world.

I really don't think that countries creating their own cryptocurrency is a good thing, because the whole idea of using it to get away for the control and the centralization that governments impose on the people through controlling fiat, and having a crypto created by the government will not change that because they would probably be monitoring it and controlling it

I believe that in the future more countries will have their own cryptocurrencies.

I heard that the countries are still only trying to develop and legalize the crypto currency, namely the state one!

Some of the countries that have adopted cryptocurrency and in a way have decided to have their own crypto is a developmental process and it is a way forward when it comes to advancement in technology? Although,my ow country is yet to have hers.

All countries known about crypto already, but only few embrace the crypto currency, some of them still on the verge of debate of its going to be legalize or banned, some of the accepted but still in not deciding if they create it them selves or put taxes in it.
The future of of crypto is not yet so clear, because only 10% of world population know it's existence.

You overstate. Not all countries have their own in the world of crypto currencies. In many countries, crypto-currencies are prohibited by law.

For now I think they are the countries that have confirmed their own coins, but there are a lot of other countries that i read news about them creating their own coin, but it is not confirmed so I will still take it as a rumor until it is confirmed