What if every country has its own crypto currency

[Asmonist]

Eventually I think it will come up to that soon. Just like what we have now with our local currencies. Every countries have different level of economy. However, it would take a long time to do so for now since regulations and policies are to be establish if that would be the case. Somehow for me its quite chaotic. Its like the battle of greatness.

[tomwell]

Not every country legalized cryptocurrency there are very few countries who legalized cryptocurrency. Yes it Would be nice if each country in the world issues its own cryptocurrency just like they issue sovereign bonds and they raise funds from there to fund projects in their economies, but it might not happen because if it happens there will not be any difference between these central cryptocurrencies and banks.

[VoDanh1122]

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.

The problem is if you have a national cryptocurrency it's a central one, controlled by the government. This is not good. The can abuse it for it's own interests, get informations about the utilization or manipulate it.

[Dart18]

Sanity? Are you telling that we are insane here?
If it did happen then it will boost some parts of the government to make actions on how it did happen. There will be surveys of how people interact with it and is it really making their life easier.
You cannot just go to the high amd middle class. Since it is crypto people will need a device to make it work. Can everybody afford a smartphone to make it happen. How about security? Is it safe to just do a transaction everywhere?
I bet it will make a large impact. Bad and good side.

[laskybok]

If different countries have their own cryptocurrency, it means that crypto will no longer obey the rule of decentralization, rather it will be centralized. Governments will now have control over crypto. This in a way might destroy the vision behind crypto and i do not think it is going to happen.

[tiga huruf]

in my opinion that is not a good thing. if each country has its own crypto currency then it is the same as the paper money that is finally managed by the government. and the more crypto currencies the more tight the market competition and making the road to getting rich is very difficult.

[Afrizky R]

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.

of course, this will have a good impact for the country, surely a lot of advantages for them and can make this become quite difficult.

but it is not easy for a country to have their own crypto if the rules in that country prohibit it and not accept it

[batang_bitcoin]

Sanity? Are you telling that we are insane here?

https://www.merriam-webster.com/dictionary/sanity

Having our very own fiat so why not have our own cryptocurrency for each country? The idea of crypto is to be decentralized so if there are countries that will call their own crypto, it shouldn't be called as crypto because it will become centralized and ruled by them.

[blue08]

That would be a great challenge  for every country.  It will be great  but for sure  more complications might come up in regards  with security.

[illiki23]

After crypto currency scales it will be like it is now but better - more transparent and reliable.  U til the it will only be able to serve some functions.

[thresher]

Well, Venezuela tried it and Russia is preparing for it. This day may come, sooner than most of us think. Venezuelan government didn't succeed but RuCoin might be successful. If they succeed, then it is a new age in crypto.

[cerberus5424]

Please rest assured that if each country has its own cryptocurrency. So dispersing cryptocurrency is the most valuable. There is no difference between these central cryptocurrencies and banks. So the government can't kill cryptocurrencies. Because the government can't do this.

That's right. Personally, I think that cryptocurrencies are a kind of contradiction to the money of the state, so you should not create cryptocurrencies, which are created by the state.

[ichi ocha]

is not that good because I know crypto and bitcoin currencies are still not approved by some countries and if every country has its own crypto money it is good and so the government will not ban trading and exchange with bitcoin because now the government is also starting to go into the world of cryptocurrency

[CoinSpeculator]

isn't it so amazing if i can see this in my life i will cry in my room for a one day.

[InvestMen]

The sharp rise in Bitcoin's popularity made many countries pay attention. The world is moving rapidly in this direction. I think that the government of any country is interested in creating its own crypto currency, because it will be economically profitable.

[teosanru]

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.

That's exactly the strategy that the country India is following. I read in need that the government was coming up with its own coin called lakshmi coin as they want to cut down on expenses of the printing notes and circulating fiat money in hard form.
This was said during the time bitcoin exchanges in the country were disabled.
It is obviously a welcoming news but they shouldn't ban crypto exchanges also.

[Iceblast]

The sharp rise in Bitcoin's popularity made many countries pay attention. The world is moving rapidly in this direction. I think that the government of any country is interested in creating its own crypto currency, because it will be economically profitable.

it can make a profit in many ways. but I think if every country has its own crypto currency it must be that the competition between crypto will get bigger, so I think it can be used as one to introduce crypto to every citizen.

[Sithara007]

If a crypto-currency is being created by the central bank of a particular country, how you are going to distinguish it from the official fiat currency? I would say that in this case, it is just similar to the national currency. An example is the crypto-currency recently created by the Venezuelan government.

[Achilesban]

that's good, so the development of crypto will also be more developed in the world. but now there are still many negative issues about crypto and it makes people afraid to join it. if more and more people are afraid and not interested in joining crypto then the plans to launch crypto in every country will fail. it's important to show people that crypto is a good currency and can be a profitable investment.

[leynylaine]

Global Market competitiveness will arise because of the every each country has its very own crypto, because of that, every crypto will step up on their game and wants to rule and of course the fiat banks will decrease their demands due to people's choice of crypto over banks.