What if every country has its own crypto currency

[andthereyou]

It would be nice. But it is less likely to happen. Because most governments don't support cryptocurrencies. They even discourage investing in cryptocurrencies.

[WhoAmAi]

It's not that easy, it's all a profit and a loss, if every country has crpytocurrency, what about real money, it will certainly be bad, no real money use every day

[Samuel.S]

The day must come. But the government won't let this happen easily since the bank will lose their position.

[zhekinsp]

Already some countries were initiated this option but I don't think this has any benefits to the citizen because it is more or like the fiat money which is already in the usage.Even if they have separate crypto currency for their country it can be used anywhere in the world and tradeable all over so it is not a good idea to do.

[Gontxi]

Wouldnt it be nice if each country in the world issues its own crypto currency just like they issue sovereign bonds and they raise funds from there to fund projects in their economies. I know Venezuela tried to do something like that, but the project was already being killed by the governments opponents before it took off.  Now lets assume that didnt happen could it be a good way to create some form of sanity and confidence in the crypto world.

we know this discussion will be a long debate, but in fact the European countries are not interested in making crypto for now. maybe in the future, I never know.

[Altcoins enthusiast]

I think the idea of blockchain technology discovered is not for every countries to have their own cryptocurrencies but for the society to have a decentralized system that is going to help us doing business with one another all over the world.  Every country to have their coin will affect decentraliziation.

[chris paul]

Every country having its own cryptocurrency , that seems to be nice . the market will grow bigger and the cryptocurrency will compete with the fiat currency . as bitcoin is promoting digital currency this move will really help it .when it comes to the value , I think the countrys which are more populated their cryptocurrency will be higher in value.

[mastadonballs]

I think it's really normal . On the cryptocurrency market at the moment, there are so many cryptocurrencies and not all of them come from the same country, some of them come from US, some others come from China, India, Dubai, and some others countries,....I think almost countries in this world already has their own cryptocurrency but the problem is they still don't legalize these cryptocurrencies as a local currency yet

[bealoveall]

If by that time all the cash would have gone away. Financial management will be transparent and tax evasion will not be possible. However, with some very corrupt countries, the government does not like this. LOL 

[The_prodigy]

If by that time all the cash would have gone away. Financial management will be transparent and tax evasion will not be possible. However, with some very corrupt countries, the government does not like this. LOL 

well, if each countey has it's own cryptocurrency I don't think that this market will build because if there's only a cryptocurrency in only their country, it's obvious that their cryptocurrency are only around in their country.  and the cryptocurrency will not be famous as now because we know that there's country that doesn't care to the cryptocurrency

[bamb]

So far the coin issue by those countries are not centralized i.e is full decentralized , run on open software and it is borderless in nature, and it can be held by anyone on the planet, it will be all good for cryptocurrency and it's ecosystem!

[EMRO CEO]

I think the biggest flaw in every country having its own crypto currency is that its too easy to manipulate the markets

[Henisusan]

I think most countries don't yet think about it. Some countries still forbid the presence of the cryptocurrency and most of them think that crypto is illegal. Therefore, it seems to be difficult to know it.
If every country has their own cryptocurrency, I think that it may allow and legal the crypto. However, it may also limit the ability of the other cryptocurrencies to be accepted in that country. Well, it is such blundering. But overall, I think it may be a well-advanced progress if the country has their own cryptocurrency.

[Inuldarahrendah]

actually, not at all countries can accept cryptocurrency, many countries especially developing countries that still prohibit cryptocurrency outstanding. certainly, it will inhibit the development of cryptocurrency in the world. the thing that we can do is to use cryptocurrency well and show to people that cryptocurrency is like a regular currency, it's just that the price is much more expensive.

[Ycekezuv]

Probably in this case the whole sense in banks will disappear, and they will become useless to nobody!

[Jaycee99]

Maybe if that happend it would be good but I would lile to say as a person if a speacific country like yours or mine has its own cryptocurrency It will be treated as 2nd option of payment this are this that could happen.

1. It could be the e-payment for everything that you want and credit card may havr the possibility of being faced out.

Things like:
Food
Clothes
Appliances
Things that is used for cooking
Gadgets

If this happened this would be very cool.

If it will happend and government crushed it its sad why? Because government might lose everything and they might think the possibility of cryptocurrency taking over and negative things might accure.

Maybe not because I can see that they can use it cryptocurrency to their advantage like if they get to know it they can use it to get money because of trading and if we pay for the tax government employees can use it

[kakaword]

I think this is a good idea, but it is very difficult to achieve this goal. If the cryptocurrency becomes the national currency, then the existence of the bank will have no value. I think this is not allowed by the country, so this is not. Possible.

[PonyBoy]

I elieve, if that would ever happen, the world would be nothing different than it is right now when everybody has its own currency

[rellor]

I think that if each country has its own crypto currency, then this will definitely lead to strict control by the state. This means that there will be no freedom and anonymity.

[skelethon]

Wouldnt it be nice if each country in the world issues its own crypto currency just like they issue sovereign bonds and they raise funds from there to fund projects in their economies. I know Venezuela tried to do something like that, but the project was already being killed by the governments opponents before it took off.  Now lets assume that didnt happen could it be a good way to create some form of sanity and confidence in the crypto world.

I think Estonia was trying to do this as well. They wanted to create a national coin called estcoin, read more about it here https://www.coindesk.com/estonia-inches-closer-to-national-crypto-token-launch/