First to officially replace fiat?

[Tyrantt]

https://cointelegraph.com/news/abkhazia-will-create-own-crypto-and-abandon-normal-money


Before Japan, Dubai and much more developed countries?

[Rozita]

It's interesting. But what to do with cryptocurrencies price volatility? I don't think it's possible for now to replace traditional money by cryptocurrencies.  First it might be done in more developed countries.

[Kranushin]

It�s a scam!

[kandholabhavna]

Although the news is ground breaking but I feel that all the currencies since being centralized will not gain as much popularity as bitcoin. And remember, bitcoin is global!

[helloeth]

Yeah seems interesting but need more details to how it will work. Even if it backs to other crypto it is still based on fiat.

[Tyrantt]

It�s a scam!

Why do you say that? Explain?

[JanpriX]

https://cointelegraph.com/news/abkhazia-will-create-own-crypto-and-abandon-normal-money


Before Japan, Dubai and much more developed countries?

Different countries in the world are already in the race to do this. This would be an interesting move by a country which is not well-known (actually, 2nd mention that I heard in my entire life). People will focus their attention to Abkhazia if they'll gonna do it or this is just a news that will be buried into the abyss down the road. We should expect more articles just like this one as more countries will try to create their own coin. 

[Passive Coin]

Bank of England is working (officially) on Pound Sterling based not on debt like current fiat Pound,
but based on limited supply like Bitcoin.
I am not sure how about supply of this new Pound Sterling ... but, maybe this will be new official crypto, one day.
Who knows.

[anasso]

i think many governments moves to making their own cryptocurrencys.

but before that they need to crash hardly bitcoin and altcoins and prohibit them!