Each country has its own crypto currency!

[ufalo3]

If each country releases its own coin then it will stand in little price and will soon die because it will not bring significant benefits. Better to accept bitcoin in all countries of the world.

[ClockworkTrader]

I think that in general 'COUNTRYcoins' will just reflect the actual economic state of fiat currency of the respective country, but will be largely influenced by the tech level, amount of users and politics: thus, me bet is on USAcoin and CHINAcoin.
America`s prestige will already make their Crypto popular and stable, the same way as with the USD. China has a lot of users indeed, and they have the option to 'enforce' its usage over the whole country creating vast mining facilities to keep its infrastructure up. Basically, I compare quality over quantity, and I`m really not sure what will win.

[Micerker]

I think it's good to see each country has their cryptocurrency and I think they will compete with the other country to get a better position. But it is difficult because it will need approval from the government and before it's happening, they need to study about the crypto itself. I am sure that every government wants to make their crypto currency because the benefits and the profit will bigger.

It seems to me not so simple. the government will not support a currency which does not belong to them and which they cannot control. in the current system, a  cryptocurrency is unlikely to be approved by the government.

You may have mistaken this. Governments can create their own currency, and they can set their own rules to fix its value. Like USDT its value is always stable and not too volatile as it is believed by everyone to be USD of Cryptocurrency.

[sgenuine]

If countries issue their own crypto-exchange system USAcoin, CHINAcoin, ROSSIAcoin, GBcoin, etc. Do you think which of them will initially be expensive and will show growth?

This will be very interesting to see. I wish it can happen let me see how the world powers will also rival each other in crypto.

I might sound very interesting, but I do not think that it will happen. However, Russia is going to make its cryptoruble, the currency which will help them to work with the blockchain projects.

[voltesbit777]

If countries issue their own crypto-exchange system USAcoin, CHINAcoin, ROSSIAcoin, GBcoin, etc. Do you think which of them will initially be expensive and will show growth?

Well, I guess that would be depend of how the community of their country will adapt the coins. Or depending on the market value to their places,

and if ever that happens too they're must have a restriction about it, because its the government who can control it, which means centralization.

[bce]

if each country has its own crypto currency, of course the crypto currency will change its nature and the system is not like the initial nature of the crypto currency and may also be the same system with fiat money but different forms

[wxa7115]

if each country has its own crypto currency, of course the crypto currency will change its nature and the system is not like the initial nature of the crypto currency and may also be the same system with fiat money but different forms

Correct, a cryptocurrency created by a government is not going to follow the same principles as bitcoin and is not going to be anything more than another form of a currency that they can manipulate at will, which is precisely what we do not want we do not want a form of money that can be printed and manipulated by the wishes of the government in turn, what we want is a currency that has the best interests of people at heart and only cryptocurrencies can do that.

So eventually when an economic crisis comes those cryptocurrencies created by governments are going to fail so you are not going to have any kind of additional protection from that scenario by adopting a cryptocurrency printed by a government.

[serjent05]

Why would they need to when they already have their own local currency? For what will they use it with unless they regard it as an asset like gold, something to be kept and valued for long but aside from these I dont see the reason why would a country produce their own national cryptocurrency unless they want to replace fiat or their local currency with it.

[OnceTwiceThird]

Why not each country have allowed of bitcoin and altcoin transaction payment, why have created their own crypto currency, what for have many altcoin but do not have higher and potential price, what have to do with many country have each own cryptocurrency.

[Rooster101]

That's a possibility and Venezuela has already started it with their petro.The petro, or petromoneda, launched in February 2018, is a cryptocurrency developed by the government of Venezuela. The countries' present currencies can also converted into cryptocurrency but will remain centralized. With their currencies digitized, they will be at par with the top cryptocurrencies.

[Silberman]

If countries issue their own crypto-exchange system USAcoin, CHINAcoin, ROSSIAcoin, GBcoin, etc. Do you think which of them will initially be expensive and will show growth?

If any of those countries created their own cryptocurrency then many people will begin to adopt those coins but there is no point to do something like that for people like us that are trying to find a way to put distance between our wealth and the control of the government so it is clear to me that I will never invest in any of those coins even if they show significant growth.

[onrise]

if each country has its own crypto currency, of course the crypto currency will change its nature and the system is not like the initial nature of the crypto currency and may also be the same system with fiat money but different forms

Overall if each country has its own which means that in that their country they will only accept their crypto currency and not others. So it will effect the bitcoin and other altcoins market badly and will crash like anything as the demand is going to fall and people will only buy their respective country crypto currency.

[sunsilk]

If each country releases its own coin then it will stand in little price and will soon die because it will not bring significant benefits. Better to accept bitcoin in all countries of the world.

There's already an example for this topic. If you saw the Petro coin, it's backed up by oil and Venezuelan government. But the feedback of their country about that crypto isn't so welcoming, people from there aren't buying it and its likely to fail any moment now.

This is also similar to what IMF said few days ago: IMF says governments could set up their own cryptocurrencies

[miningguru]

Maybe in the coming days, each country will have one stable coin which will help to add pairs for the cryptocurrency. Now in the present situation, it is impossible to add pairs but it is not a simple task and it will take some to make stable for each country.

[tradjecide]

If each country releases its own coin then it will stand in little price and will soon die because it will not bring significant benefits. Better to accept bitcoin in all countries of the world.

This will only be good for those who live inside the country because no other country will be very happy to have their investors investing in stocks by another country. In addition, the crypto of one country might be of low return to another country’s citizen.

[llyfee4u]

I happen to think this is the ultimate final destination with regards to crypto.  I don't see a situation where governments will actually accept bitcoin or the current crop of crypto currencies in existence.  I think they will accept and embrace blockchain tech but most likely each country or at least continent or body of countries like the European Union might want to create its own crypto currency.  A worldwide single crypto will do no good for world economy anyway.

[sevenjoy]

If countries issue their own crypto-exchange system USAcoin, CHINAcoin, ROSSIAcoin, GBcoin, etc. Do you think which of them will initially be expensive and will show growth?

The value of each coin will always depend on the crypto market like their own paper money in which the strength of their currency will depend upon the Foreign exchange markets. If one of this nation will just insist that their currency is much expensive than the others without marketing then that certain crypto currency will not be recognize by the other countries making it for internal use only within their country.

You are right, the value would always depends on each price and each price has its own range of getting the ideas into bigger and better one. Well we need to gather information what type of cryptocurrency that would stand for long because it uses the value of long too.

The government launching a cryptocurrency will be of course controlling its currency so even if it is profitable, it would be prone to getting regulations by the government in the form of many taxes and charges which would not be profitable.

[LieTOme]

If countries issue their own crypto-exchange system USAcoin, CHINAcoin, ROSSIAcoin, GBcoin, etc. Do you think which of them will initially be expensive and will show growth?

everything might happen, no one can know but in my opinion crypto eyes that will progress rapidly will certainly be the property of the state that has advances in time and technology for the development of their economy

[trauchot]

I think if this would have happened, then these cryptocurrencies would depend from the national currencies of each country, for example, 1 USAcoin would cost 1 dollar, and so it would be with all other cryptocurrencies, and about the growth of these cryptocurrencies, I think the governments themselves will control them and everything will depend from these governments.

[itsik78]

Why it is necessary I do not understand. no difference between fiat currencies, in practice, it is bureaucracy, manipulation. When a cryptocurrency has one owner, but in fact it is not one owner, but a set of government officials who controls it, we will not get anything special from this.