What if every country has its own crypto currency

[cryptofuturologist]

Some countries have a very negative attitude to cryptocurrency. I think that they will never accept the cryptocurrency as a whole. This hinders the development of crypto.

[andrey755]

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.

How would all this be different from the most common paper money, governments will manipulate in their favor, for all countries should be a single cryptocurrency, which would be hard to manipulate

[awazieik]

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 would be a great idea. However, there are so many factors that one should consider. Would the government stick to best practice and not try to manipulate the currency?

[pishite]

Other countries will make their currency, but it needs to be tied to something! The Venezuelan currency is pegged to oil, but what about those countries who do not have it. Snap to the bread? There will be a binding to the dollar or BTC, and you can forget the stable rate.
We need a single (world) currency, for example, the ethereum with smart contracts.

[erkan.camli]

Every country's own money will mean the creation of monopolies in markets. It's like you can't get another country's crypto money. After a while, prohibitions will begin. Therefore, it is not correct for the country to take this job. It will eliminate entrepreneurship.

[mrdeposit]

I think that they will never accept the cryptocurrency as a whole.

Considering that every country has its own laws and economy, is it possible? So, will the whole world change to accept a single cryptocurrency? No. Like it is hard to create a new one. lol

[zauna35]

in principle, it is now, each country has its own currency and what we see is something good? solid government frauds with the help of prices in stores, depreciation and many other things ... well, something like this will happen if each country has its own cryptocurrency ... cryptocurrency is not a panacea, it will not change anything, the main resource is a person, only he can change something in this world, but unfortunately people are not always in power (however this is another topic ...

[Cat Coin]

In my opinion, in the future it will be so, each country will have its own cryptocurrency. But the world must change. Simply because the government will not give up. Those who control financial flows have IEU power, wealth. So let's take small steps.

[semobo]

I think that they will never accept the cryptocurrency as a whole.

Considering that every country has its own laws and economy, is it possible? So, will the whole world change to accept a single cryptocurrency? No. Like it is hard to create a new one. lol

Creating a crypto currency on its own is not a big job,anyone can create their cryptos but there is not such kind of thing like limiting the crypto curreny to a border is not exist.

[steveabrahams]

In my opinion, in the future it will be so, each country will have its own cryptocurrency. But the world must change. Simply because the government will not give up. Those who control financial flows have IEU power, wealth. So let's take small steps.

Nah, i don't think about that. I think it's not about their own cryptocurrency but i think every country will have their own Electric money like E-dollar, E-euro, E-yen, E-rupiah and many else. So we can use it for online things but the government can control the money, not like crypto.

[_Sergo]

In my opinion, in the future it will be so, each country will have its own cryptocurrency. But the world must change. Simply because the government will not give up. Those who control financial flows have IEU power, wealth. So let's take small steps.

Nah, i don't think about that. I think it's not about their own cryptocurrency but i think every country will have their own Electric money like E-dollar, E-euro, E-yen, E-rupiah and many else. So we can use it for online things but the government can control the money, not like crypto.

in principle, if the government releases its token to promote it to the market normally, and it will be in demand, then they will certainly have some kind of influence. It depends on how much they will manage

[airdropan]

not every country also accept cryptocurrency
some of them banned or just being netral to cryptocurrency
before everycountry make it their own crypto they should accept first

[superstarbtc]

If a country has its own cryptocurrency then that cryptocurrency is called stable coin they are many stable coins are in planning to come in this year

[Darker45]

I think that would be nice. But it would even be nicer if we just have to raise the level of Bitcoin acceptance to its highest potential. You know, Bitcoin is good enough. It crosses beyond national borders. Would not it be a lot nicer for us to have not just a national cryptocurrency but an international one, a global one that is accepted by everyone in the whole wide world?

The case of Venezuela is a bit more complicated. Their fiat currency died first before their own cryptocurrency.

[traderethereum]

I think that they will never accept the cryptocurrency as a whole.

Considering that every country has its own laws and economy, is it possible? So, will the whole world change to accept a single cryptocurrency? No. Like it is hard to create a new one. lol

I think it's possible because they have unlimited sources and they can create new crypto for their country. But they need to follow the rule in the cryptocurrency and each country cannot easily to add their crypto to the crypto list. But I don't think that every country could do that because there still many countries can't create new crypto and they could only use the existing crypto which is bitcoin or another coin.

[Squirrel Dearing]

Perhaps, if the state released cryptocurrency, then this idea had only one plus, namely, the victory over counterfeiters. The rest of the state is unprofitable, decentralization will not allow you to manage your money, and this is contrary to the very principle of building a state.

[Nivelir]

This is after all the dream of every cryptocurrency market participant. I think that our economy would probably be oversaturated with these tokens, but on condition that the utilities would probably be separated from the common market.

[stefany101]

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 this idea is will come true then I think it will be a good opportunity for some investors to take their time and funds on a certain project where they can make profits with. It is good for the crypto industry because their will be supports for each county to own their cryptocurrencies from their countrymen.

[logisticalmother]

Certainly not all countries can do such a system because, we know that all countries have their own rules, they will think hard in order to find solutions to crypto trails in their countries but creating rules about crypto is also not wrong, perhaps helping the country advance its economy because the country could not yet meet good economic standards.

[Mcmich]

If there's a mass adoption of cryptocurrency by the government or a government creating its own cryptocurrency, investors will be singing a new and joyous song. But it's still farfetched when this will happen because most government want to have access to citizens funds using the banks. It will be really difficult.