Spain : if Catalonia choose independance, what currency will they use ?

[blxlihnk]

If catalans vote the exit from Spain,  will Catalonia be a future european state and use euro currency  ?

[Harry Hood]

Bitcoin, of course!

Kidding, why wouldn't they use the Euro (or apply for inclusion)?

[7788bitcoin]

I think Euro is still the way to go for the time being, since most people there are using Euro. Bitcoin is not suitable for the newly formed state is my opinion.

[coinpr0n]

Bitcoin, of course!

Kidding, why wouldn't they use the Euro (or apply for inclusion)?

Spain especially (but probably some of other member states championing "unity" too) would veto them from inclusion. Or at least postpone their entrance for as long as possible.

[Butoeskor]

The best option would be for all Catalans, the bitcoin, sure. They do not depend on the euro.

[HeroCat]

Catalonia have many benefits from Spain, so they will not leave  Catalonia by itself is small piece from Spain 

[Q7]

The decision on whether after the breakup they will get accepted into EU and adoption of euro currency could be hampered and blocked on grounds related to political restrictions. They will most probably have their own currency but I don't think it will be bitcoin. Usually as a newly born independent state that at this point, they will seek help from other nation to support their growth during this critical period. Bitcoin will come later.

[klee]

Drachmas! 

[randy8777]

The best option would be for all Catalans, the bitcoin, sure. They do not depend on the euro.

why would they adopt bitcoin as probably 90% of them don't know what bitcoin is or even haven't heard of it. beside that, governments and banks don't want to lose the control they have right now.

[n2004al]

If catalans vote the exit from Spain,  will Catalonia be a future european state and use euro currency  ?

I think will choose euro and be member of EU but who knows. Maybe they will create their own currency and will choose to be out of everything and on its own. But I can't stay without telling that it will be very few chances that Catalonia be independent. Sorry if you are an independents. Hope the best for them.  

[neurotypical]

Not sure how this works but from what i've researched they will be out of the Euro, so expect very thought times if they leave. So they will be left with basically no currency for a while, no one knows how much time it will take to be re-accepted into the Euro. It's a really weird situation. As far as I know they haven't said anything about what currency they will use if they are out of the Euro. They are probably too ignorant to know what Bitcoin is and even if they weren't im not sure it would deal with all the transactions without blockstream/bigger block size.

[LMGTFY]

If catalans vote the exit from Spain,  will Catalonia be a future european state and use euro currency  ?

At the risk of being pedantic... neither! This isn't an official referendum. If "Sí" wins, though, it'll be much harder to keep an official referendum off the table in future.

I think it'd be very hard to answer on EU membership and Euro use - during Scotland's referendum last year this area was surrounded by FUD, and I suspect until it happens for the first time we won't have a settled legal answer (Britain and Spain have both suggested that the answer to both might be "no". I believe Scotland's "Yes" camp and Catalonia's "Sí" camp feel rather differently. I wish I was a lawyer that could profit from this!)

[Luqman]

Sorry, I've no idea 

[cellard]

If catalans vote the exit from Spain,  will Catalonia be a future european state and use euro currency  ?

At the risk of being pedantic... neither! This isn't an official referendum. If "Sí" wins, though, it'll be much harder to keep an official referendum off the table in future.

I think it'd be very hard to answer on EU membership and Euro use - during Scotland's referendum last year this area was surrounded by FUD, and I suspect until it happens for the first time we won't have a settled legal answer (Britain and Spain have both suggested that the answer to both might be "no". I believe Scotland's "Yes" camp and Catalonia's "Sí" camp feel rather differently. I wish I was a lawyer that could profit from this!)

I think its very different scenarios. Apparently in spain their constitution states that it's illegal that a territory claims independence by themselves, this means that the entire country (spain) has to to vote or something along the lines. Which means if the president of catalonia decides to claim independence by themselves even if they get a big majority, it's still illegal.

[LMGTFY]

At the risk of being pedantic... neither! This isn't an official referendum. If "Sí" wins, though, it'll be much harder to keep an official referendum off the table in future.

I think it'd be very hard to answer on EU membership and Euro use - during Scotland's referendum last year this area was surrounded by FUD, and I suspect until it happens for the first time we won't have a settled legal answer (Britain and Spain have both suggested that the answer to both might be "no". I believe Scotland's "Yes" camp and Catalonia's "Sí" camp feel rather differently. I wish I was a lawyer that could profit from this!)

I think its very different scenarios. Apparently in spain their constitution states that it's illegal that a territory claims independence by themselves, this means that the entire country (spain) has to to vote or something along the lines. Which means if the president of catalonia decides to claim independence by themselves even if they get a big majority, it's still illegal.

Agreed. It was an official referendum in Scotland, and - although the Catalan government wanted an official referendum - this one isn't official. With Scotland the UK government had participated in part of the process (determining how to do it all legally, agreeing the wording of the referendum question, etc). I think what this referendum mayachieve - assuming a Sí vote - for Catalonia is getting the Spanish government to the same place the UK government were a few years ago.

In both cases, though, EU membership and adopting/keeping the Euro were/are argued about by the opposing sides. This article is a fairly typical example from during the Scottish referendum campaign - the Yes and No camps are debating comments made by the EC President about Catalonia and EU membership, for example.

[NorrisK]

They will most likely use the euro as all infrastructure is there. They wouldn't even need to be in the eurozone (Istanbul for instance accepts euros as well).

Bitcoin won't be used, that's for sure

[bryant.coleman]

Catalonia will be automatically granted the membership of the European Union, the Schengen Zone, and the Euro Zone. Therefore, Euro will be the national currency, just like it was before the independence. That said, in case Catalonia manages to gain independence peacefully (the chances are really low), Spain is likely to put obstacles on its European integration.

[eternalgloom]

I would be surprised if they used any other currency than the Euro.

[bering]

Bitcoin? i guess not
Euro? yes and i'm pretty sure they will use it for the currency if Catalonia choose for independence

[avatar_kiyoshi]

Luis Maria Linde, head of the Bank of Spain, said the region would not be able keep the single currency and its position in the European Union as a whole would be under threat should it decide to break away from Spain.

Source: http://www.telegraph.co.uk/finance/economics/11879620/Catalonia-will-be-kicked-out-of-the-eurozone-after-independence-vote-warns-central-bank-governor.html

It's possible if they will use Bitcoin.