What if every country has its own crypto currency

[[ProTrader]]

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.

If that happens it will become centralized but the good thing is that you still have an option whether you use it or use altcoins in your daily transaction. One big problem of the government if they make their own cryptocurrency is they cannot reproduce the coin unlike fiat. The positive impact of this is that the inflation will be minimize.

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[VeeraS]

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 dont think it's good, anyway it does not happen. every country is more focused on its business and its local currency. and for a country that adopts a virutal currency like Venezuela, I think there is a dying political and economic role.

[Ceyebrity]

It will be cool if every country has their crypto. But the chance of this becoming a reality is slim because of the mixed feelings people have about crypto. Some school of thought see crypto as more of a trading platform than being a means of exchange. Some people believe it's going to take away the jobs of the bankers and that explains why banks in my country don't like hearing the name -bitcoin. There are others like myself that believe in the bright future of crypto and hope to see it thrive every country.

[donalfonso]

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/

Very interesting post on Estonia, the first 3 ways stated here are jest examples of how crypto currencies could be adopted without destabilizing the traditional financial and banking systems. The euro backed option will however be an exercise in futility

[weblaraveluser]

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.

If the countries today will have different cryptocurrencies of their own then what will happen is that, the coins in the market will be useless since everyone have their own coin allocated on their country.

[tresbien21]

It would be very nice if every country will have its own cryptocurrency.There are many countries thinking about creating their own cryptocurrency.That can make the crypto-world more popular among people, and help spread crypto all over the world. But it may take a few years.

[Queen12]

I don't want these so-called small countries to issue digital currencies.
Because most of the time as they have the purpose of digital currency is clear, for the money, to avoid the economic sanctions, so this is not conducive to the development of monetary market the encryption, and this is not the blockchain.

[Gromx]

Many countries that issue digital currencies are pursuing their own goals.This circumvention of sanctions and the control of capital movements.These do not contribute to the promotion, dissemination and development of blockchain and cryptocurrency as a whole.

[artemdubina88]

In fact, then you will not need Fiat money. but I think it won't be soon. In principle, it is convenient )

[ubitcoin]

It would be very nice if every country will have its own cryptocurrency.There are many countries thinking about creating their own cryptocurrency.That can make the crypto-world more popular among people, and help spread crypto all over the world. But it may take a few years.

But unfortunately it will make crypto currency alone farmers but will not serve the exact purpose of crypto currency to the people. I am also believing many countries will be interested in creating their own crypto currency but it will create another altcoin and nothing more than that.

Having a common decentralized commentary system alone will be the only solution for solving many financial problems with which many countries are struggling right now.

[Bitknick]

It is unlikely that each country will have its own crypto currency.  Crypto currency can and will exist but as a world currency!

[kakade]

It will have the upsides. Positively, many more countries can accept the presence of the cryptocurrency. It is good for the future of the crypto. Negatively, we don't know their rules. I worry if the regulation for the societies in the country forbid their societies to join in other cryptocurrencies. Just hope to get the best rules from the government if it really happens.

[Cryptmuster]

Each state has its own currency, what is surprising in that each country can have its own crypto currency? There is one or two of the strongest world currencies is the dollar and the euro, accordingly there will be leaders in the crypto world is bitcoin and ethereum, and the rest will exist at their regional level.

[Btcmaeng18]

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.

This is a good insight for us, but still it will be impossible to happen, because we know that most of the country in this world was not adopting cryptocurrency. But we don't know in upcoming future maybe it will happen.

[Emilyearl]

It might in some countries whose affairs ranging from revenue and expenditure is made open to the public. But in other countries where corruption abounds, it won't see the light of day as the government officials will cripple it just to make sure their actions won't be able to be verified when the need arises. Because just issuing cryptocurrency is not the basics but the ability to verify actions and transactions on the blockchain.

[aldrin6697]

It wont be very much effective for us all here, since we must unite the world to have greater value in our investment. Having a currency for every country is a going back move for the community.

[Asgar 9]

I think that in the end everything will happen. Each country will have its own national currency. This is a natural process. Soon it will happen.

[masterHoog]

It wont be very much effective for us all here, since we must unite the world to have greater value in our investment. Having a currency for every country is a going back move for the community.

to my regret, the regulation of the crypto currency will not make it popular,
which means that the very idea of crypto currency will not work

[chocochild]

It will kill the price of crypto since it will divide every country and will make competition with every one else it will go the same as our physical money today only the rich countries will stay rich.

[Fog Fence]

Such experience already exists-see the example of Venezuela. But by and large, the idea of national cryptocurrencies contradicts the basic principles of the blockchain, where all coins are decentralized.