how supply of currency decided

[South Park]

Ideally, there should be formulas or parameters that a country or its central bank has to strictly adhere to when it comes to matters on the national currency especially on determining the number of them on print or circulation. However, realistically speaking, most countries are not following the standard all because the political leadership can easily print more paper money especially in times of distress or problems...and which can be producing more problems especially into the next generations. Therefore, this is not the question of HOW but by WHOM.

I have no doubts that how much money is to be printed should be a technical question and not one decided by politicians and the evidence for this can be found in all periods of history, but make no mistake politicians will not give out this power since it allows them to tax all the population with the inflation tax, this is one of the many reasons why I support bitcoin, no one can decide how much bitcoin can be created in a day or a year and if anyone decides to do so then they will be fork bitcoin and they will have to convince people to use their chain which no sane person will ever do.

[Arkann]

Today, cryptocurrencies are still not controlled by states, but due to the global onslaught of cryptocurrency in terms of both its legalization and control, governments will do everything to gain control of the cryptocurrency market and control the income of their citizens.

[wxxyrqa]

Today, cryptocurrencies are still not controlled by states, but due to the global onslaught of cryptocurrency in terms of both its legalization and control, governments will do everything to gain control of the cryptocurrency market and control the income of their citizens.

It seems to me that each government has its own views on the future of cryptocurrency in their country.  If we take the United States of America, for example, the government of this country wants to stop using cryptocurrency for criminal purposes.  That is why the United States of America pursues a policy of legalizing cryptocurrency.  But if we take for example totalitarian countries, then they want to control the flow of funds of the cryptocurrency market in order to earn money on this and possibly even abuse the possibilities of the cryptocurrency.  At the same time, its citizens are not allowed to operate on the cryptocurrency market.

[jrrsparkles]

Today, cryptocurrencies are still not controlled by states, but due to the global onslaught of cryptocurrency in terms of both its legalization and control, governments will do everything to gain control of the cryptocurrency market and control the income of their citizens.

Crypto currencies can never be controlled when its decentralized so governments will fail even if they do that is why they are restricting the services where cryptos can be used like exchanges,gambling sites mostly and asking for the the KYC details which is actually against the decentralization so people won't use cryptos when we do such things.But this will work some extent but when all the people adopted to cryptos then it will be unstoppable.

[Ausgewielt]

how does the currency supply of a country is decided, I searched got that it should be equal to GDP is this true or it's an ideal condition

No, it isn't true. Money that can be printed should be backed by gold. For countries which applying pseudo gold on the money printing system then the supply of currency is depend on the number of gold in that country. The number of gold and paper money that printed should be equal. If the number of paper money is more than the number of gold then it can make inflation rate increase.

[dothebeats]

A good question with broad answers. It doesn't necessarily equate to a country's GDP alone. There are a lot of factora in play as well. Usually, the central bank adjusts the available money in a countey depending on how well a countey is doing economically. If a country is doing good, spending is promoted, money should be printed and vice-versa.