What if every country has its own crypto currency

[ataki]

The vision behind crypto was to be a digital asset which is  decentralized. By involvement of the countries and governments
I am afraid we would lose that important characteristic.

[kawetsriyanto]

It sounds interesting, but I think it is hard to happen. We still have many countries in the world that don't trust in crypto currency yet. Moreover, there are many negative news about the impacts or misuses of crypto. They shouldn't be easy to believe in or to plan creating their own cryptos.    

[kerzhake]

it seems to me that it is necessary on the contrary to accept one cryptocurrency which will be paid in all the old world

[Ozero]

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.

Apparently, many governments of various countries will indeed have their own centralized cryptocurrency, even if the International Monetary Fund calls on states to issue their own cryptocurrency. While it is difficult to say what this will lead to. However, I think that it will not be worse for the whole cryptocurrency. Citizens will be more acquainted and interested in cryptocurrency, seeing that even their state uses cryptocurrency. This will cause more confidence in the cryptocurrency of the citizens. Cryptocurrency will develop and enter our life much faster.

[UAE Seasider]

If that were to be the case then what would the incentive be for anyone from one country owning coins from another country? trade would be mostly flat. This sounds like just replacing every individual FIAT with an individual crypto and in the current day and age spending crypto as a replacement for cash is not yet practical.

[canaveralnonie]

Well, the crypto currency created for such a good reason and one of them is to move and transfer the virtual currency fast and absolute. If the county has it's own crypto currency, it will surely ignore the tangible local currency, for the reason of less effort and time consume to do a lot of transaction like payments and many more.

[Sevarchik]

Its will be simple  local currency with difference what it on blockcahin.
I think no needs in local cryptos, we have fully working digital cards already

[mr.Belyavski]

It would be great, having introduced, if the cryptocurrency were officially introduced in each country, the financial industry would have reached a new level! It would take place to become a completely new progressive movement, but it is hardly necessary for anyone from the states of these countries ... We will observe ... Anyway, when that progress takes its toll.

[Cryptoboss255]

Wow!
That is one hell of an idea, it would make more knowledgeable of the cryptocurrency and the blockchain technology but then the crypto market will see more competition

[stefany101]

If each country has it's own crypto currency , then it will be a good idea because it will have the support from the people in the territory and the government will allow new projects that can help their community grow and partner with them. There are still some countries in our world that ban crypto to be used in their country's daily transactions.

[veekky]

You don't know nothing about crypto and bitcoin if you think that country can have own crypto currency.
Crypto should be decentralized!

[valek.bruno]

I thought about this not so long ago, because I saw how many states are already preparing their own electronic cryptoactive assets, so I think that in general nothing will change, except for the most important thing, we can all openly use cryptocurrencies.

[Fadhil Pahlawadi]

who collects funds or crypto currency, only on the basis that we have been bonded by parties who have roles in the project projects that they receive when they leave a country including Venezuela

[catsmile]

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 thought that every country in the world distributes its cryptocurrency is pretty good. However, it is difficult for the government to control. That's why they do not really want that to happen.

[Panteleymon]

The idea is not new and has already tried to be realized, but on a different principle. If the cryptocurrency is credible, also because it is not controlled by the state, then the state cryptocurrency will only be deprived of this advantage. So the state can try, but it will not achieve such popularity. A waste of finance.

[sinkfish]

it would be amazing feat. though many government reluctant to do so... its hell of works.

[ligerti]

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 will be very happy if the government of each country understands the advantages and importance of cryptocurrency for the successful development of its economy. Moreover, thanks to such a spread, cryptocurrencies will become more widespread, with a powerful impetus for the development of the crypto market.

[Koobtcgal]

It would have been a good opportunity for crypto if every country had its cryptocurrency. The reason why people do not still support crypto is that they think that crypto is a scam so if countries involve themselves in crypto, I think it will minimize that misconception.

[Tigerheart3026]

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 every country is interested in crypto, then I think it would be good. The agreement between each country, especially the neighboring country will increase. If you want to take this initiative of the government of the country. And if they research the crypto sector, then technology will be improved.

[Mhd-Bobbi]

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 am sure, if in every country that uses crypto to fund their projects, they will certainly progress, of course the country will rise and advance. I agree with your thoughts.