every country has crypto currency

[Baimovic]

I know that Venezuela has petro, Japan has MUFG Coin. anyone please tell me, are there other countries that have created their own crypto besides Venezuela and Japan?

I think it's interesting, maybe we better call it a national cryptocurrency. do we need it for the future? and what is the important role of cryptocurrencies created by the state?

[BlackPanda]

I know that Venezuela has petro, Japan has MUFG Coin. anyone please tell me, are there other countries that have created their own crypto besides Venezuela and Japan?

I think it's interesting, maybe we better call it a national cryptocurrency. do we need it for the future? and what is the important role of cryptocurrencies created by the state?

I have indeed heard that many countries have crypto. However, the crypto is not created officially, therefore, most crypto are created for the benefit of certain groups and do not aim to align with the official currency of a country. It takes a very long time if we want to apply the crypto currency officially to a country. This will also be a debate and the first step that must be done from now on, which is to try to make a regulation related to crypto, because with that, crypto will be able to develop and have a comfortable position globally.

[didzi]

I know that Venezuela has petro, Japan has MUFG Coin. anyone please tell me, are there other countries that have created their own crypto besides Venezuela and Japan?

I think it's interesting, maybe we better call it a national cryptocurrency. do we need it for the future? and what is the important role of cryptocurrencies created by the state?

this is really interesting, if all counties or most cointries create their own cryptocurrencies,,
wich means there will no paper money anymore,,
but, this will be complicated too, because the volatilities of crypto is to high for a national currency

[Baimovic]

I know that Venezuela has petro, Japan has MUFG Coin. anyone please tell me, are there other countries that have created their own crypto besides Venezuela and Japan?

I think it's interesting, maybe we better call it a national cryptocurrency. do we need it for the future? and what is the important role of cryptocurrencies created by the state?

I have indeed heard that many countries have crypto. However, the crypto is not created officially, therefore, most crypto are created for the benefit of certain groups and do not aim to align with the official currency of a country. It takes a very long time if we want to apply the crypto currency officially to a country. This will also be a debate and the first step that must be done from now on, which is to try to make a regulation related to crypto, because with that, crypto will be able to develop and have a comfortable position globally.

I am waiting for the world's good response to receive crypto and make regulations, so the state can regulate crypto trading, and that will make crypto volatility become a little stable.

I think, if all countries have good regulation about crypto, then national cryptocurrencies will have an important role to regulate global business and the world economy.

[Baimovic]

I know that Venezuela has petro, Japan has MUFG Coin. anyone please tell me, are there other countries that have created their own crypto besides Venezuela and Japan?

I think it's interesting, maybe we better call it a national cryptocurrency. do we need it for the future? and what is the important role of cryptocurrencies created by the state?

this is really interesting, if all counties or most cointries create their own cryptocurrencies,,
wich means there will no paper money anymore,,
but, this will be complicated too, because the volatilities of crypto is to high for a national currency

if my topic is interesting, you can give me merit.

the existence of fiat will always survive, but fiat is controlled by some people who do not know the technology and cannot use crypto, unless there are platforms and startups that can make transactions crypto become easy.

and I think crypto will master every transaction.

we can't stop high crypto volatility, but at least regulation can make crypto a little stable.

therefore regulation has a large influence to control volatility.

[batang_bitcoin]

anyone please tell me, are there other countries that have created their own crypto besides Venezuela and Japan?

I've heard about Russia's own coin few years ago but that was a scam and there's also a statement that India has it but that's all a claim to hype those coins that they are promoting.

I think it's interesting, maybe we better call it a national cryptocurrency.

We can it that way.

do we need it for the future?

I don't think so, they have fiat already so if ever they will come to cryptocurrencies and they'll control that coin it won't be decentralized.

and what is the important role of cryptocurrencies created by the state?

Not sure about this but it's either they've figured out that they can take advantage of it and make another source of income.

[Grim149x]

In the Philiipines, we such thing as LoyalCoin (LYL) which is the reward or loyalty system on the blockchain and it's eyeing for worldwide adoption which is really cool instead of just being just nationwide.

[abaidudez]

I don't really think it's necessary and I don't really know what's the purpose of each country to have that. Russia have their own crypto too. I'm not economist but if all country will adopt this kind and will have it's own cryptocurrency then every transaction will be paperless or cashless and it will be all digital.

[snipie]

One of the reasons that make me join the cryptocurrency wave is having a coin that I can spend all over the world without moving from my chair and without using stupid services like PayPal. Having a local crypto that can be traded easily to bitcoin or to an altcoin should be essential or else we will miss the spirit of cryptocurrencies.
Apart from petro, i think there is not any crypto backed up by any government.

[Nalbo]

There can be a multiple of coins issued by every country. Venezuela is working on issuing another currency while many countries in the world had and are planning to issue currencies to use in different sectors of e-governance, to everyones surprise, Chinese government is one of the leading authority to research and issue tokens for different sectors.

[sergiokkl]

Crypto currency is for sure helps one country. Why? In terms of businesses with transaction it become easy and fast.not need to use third party company. So the economy of Japan as you said have a created coin names mufg. Money become easier to receive and send to each people even outside the country

[Fenixsfeather]

I think next years most states will have a its own cryptocurrency. Hard to imagine that all states use common crypto.

[quarkyplum]

I think every country know about cryptocurrency but not all countries have their own cryptocurrency . In Vietnam, cryptocurrency is something very terrible. LOL. If you know about this country, you'll know that only scam coin will be created in here to scam money from Vietnamese and the owner of these scam coins are also Vietnamese. LOL. Millions dollars scammed by PINCOIN which also run a bounty campaign in here. LOL.

[Rengga Jati]

Yes I also realize that some big countries legalizing the cryptocurrencies are recently making some. However, to be one of the legal cryptocurrency in the world, maybe only for few countries. However, if for the whole countries in the world, I don't think so. It may be very difficult for some countries realizing to have their own crypto. But the future? No one knows and can predict 100%.

[duoleduo]

I think this is a trend, and this will definitely happen. In a few years, every country in the world will have its own cryptocurrency.

[cryptoskycap]

in my opinion what you say is true. Bitcoin prices will have an effect on other coins. bitcoin itself is a digital currency that comes out the first time. so that if there is a decrease or increase in prices on bitcoin, other coins will follow. like the dollar which will give effect to the rupiah, rupees or other fiat currencies.

[gowobonyok]

if it will be done, it must need legalization from the government. because each country will have its own value to their digital currency and that will also affect the state of the economy in that country.

[john alex young]

if this can be positive I really agree with what is done by both countries (Venezuela and Japan). different from some countries that prohibit crypto.

[fantasticX5]

The problem here is how they will manage and survive with the volatility of Bitcoin price as we know that all altcoins will follow with the downfall of Bitcoin. I don't think that other countries will follow with Japan and Venezuela as this is a big risk to their country if in the bearish trend happens.

[baureksa]

Both of these countries are already advanced and the state recognizes digital currency, while other countries still doubt digital currency, even though the development of technology is progressing and growing, gradually a group of countries will create their own digital currency without the government.