What if every country has its own crypto currency

[hummer113]

I always thought that the cryptocurrency should be common for all to give us freedom, not a bunch of problems, I would be glad if there were only a few projects left, such as BTC ETH.

[drm]

Not a good thing and I'm not sure why anyone would want this, it wouldn't be any different from centralized fiat currencies.

[jostorres]

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.

Just having their own crypto currency will not solve the problems you have mentioned. Because having their own crypto currency will be having no differences from having fiats. Adopting a decentralized system which is free from hassles of bonding with USD and inflations alone will be serving the purpose you have mentioned. I believe countries will understand this fact only after testing their own crypto currency. It means they will take more time for adopting bitcoins.

[InvestICO2L]

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.

Absolutely, I support your idea guy. Truly it’s pretty convenient if every country has their own cryptocurrency, because it will pave the way for using cryptocurrency widespreadly. However, It goes without saying that most governments are trying to prevent people from using bitcoin or other cryptocurrencies as well. The expectation of accepting in a country’s payment is hard to occur , It’s such a big wish of almost users. Hence, setting an own cryptocurrency in every country is really a big deal.Besides, if every country would set their own cryptocurrency, perhaps it will raise much limitation such as tough regulation. 

[minairia3]

This could be possible aside from the currency it represents. Like the digital currency or virtual money for each country. But who should start it, demands great work.

[maichimoto]

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'm pretty confident the local cryptocurrencies will be issued very soon, as per the model of crypto, but in democratic countries unlike that Venezuelan authocracy where people are dying of hunger..

[dead_m92]

Most governments have a lot of regulations coming from higher rank countries, just like the USA or the block economy regulations. So no, i think that there is no way to see that happening and it is almost impossible to realize.

[JohnMacZeppelin]

And what can happen? I think that this will be the other way around, but only if the coins are limited, because they must necessarily be limited, otherwise there is no difference between fiat and electronic money.

[Natusik]

This situation will lead to the end of the domination of the dollar around the world. It will also be the beginning of creating an ideal world in which there will be no poverty and corruption!

[itasannah]

I don;t think so that every country will do this in the present era. But for the future, who knows. It may have upside its negative and positive side. One side, it is a good progress in which each country realizes the higher technology. Another side, it may give impacts to the existing altcoins to drop or dumb. We cannot predict it.

[bright07]

It has many advantages as well as disadvantages. The advantage is that whosoever will use it, government will get to know . Corruption will be less. Government will come to know how much is being earned ,how much is being spent and how much profit  is being happened. The loss is this that government can change it any time and see whether rate is increased or decreased.

[kinki32]

That because blockchain is danger for poor people track every your transaction and regulate each purchase.

[Mypanara19]

If it happens that every country will have its own cryptocurrency then the government will surely use its power to make a say about it and perhaps they would be the one who would regulate it which is not so good because cryptocurrency should not be controlled by any person, any buddy or any institution.

[senopratama]

certainly, this will be the same as the currency. Moreover, if the State has already legalized their country then crypto will certainly favor crypto from each country on its own. This clear will increasingly make bitcoin is getting bigger because this will indirectly make crypto has a lot of support.

[Kate Beckett]

If we compare fiat money with national crypto-currencies, the latter have two indisputable advantages: usability, as well as a high level of protection. In addition, there is no need to keep them in a regular wallet, they are protected from hacker attacks and any manifestations of scam. Another advantage of digital currencies is the instantaneous execution of transactions. Thus, each person can at any instant to purchase the goods regardless of its volume, complexity and cost.

[alexzorgo]

I believe that in any case, the governments of all countries will be forced to switch to the crypto currency of their own issue.
The blockchain system is still not perfect at the moment, but despite this, it still has an advantage over the current technologies of distributed systems and databases.
Therefore, the crypto currency is the next stage in the evolution of non-cash financial systems.

[Freezingel]

They can create their own cryptocurrency like some countries tried to do but that can only be used in their country as people in different country have no use of it and it will be a centralizes crypto which most people won't like so i don't thing it will affect the market that much.

[Henry4457]

If every country has its own password currency, it will not have any meaning for the world economy, it is just another way of Fiat. Like the oil coins of the party, it can only circulate in that country, and people will not buy their oil coins.

[pouljak5]

If each country has its own cryptocurrency then the government of that country would control that currency again making its centralized at that point the use of cryptocurrency would not make any sense because decentralization is key

[ronics]

If all the countries have their own cryptocurrency coin, maybe the fame is so much different, and it covers other crypto coins in some particular countries that are cheap compared to the majority of countries coming in their economic strengths such as america, russia and etc, because these countries are in economic income.