Very suspicious how all the countries with hyperinflation look to create a cryptocurrency... E.g. Venezuala, Greece and now Iran. This must be some way of sucking money from outside countries into their country like a cash injection. Most of these countries have sanctions on them by the US and EU which prevents the amount of money that can enter and leave the country, and the trade they can do with the rest of the world. This is probably just an attempt to briefly save their failing economies by tricking the rest of the world into investing.
Very good point. I agree with you completely. This whole scheme seems fishy in my opinion and I would not trust centralized currencies unless they proved themselves to be completely legit like Ripple. This kind of news would most likely not have a big effect on the cryptocurrency market. Many other countries might follow this path in order to save their economies in a smart manner and they might actually attract a plethora of investors provided they market the coin brilliantly.