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 don't think it would be nice if every country has it's own cryptocurrency. You can see so far, that every county known for corruption has shown interests for launching a national cryptocurrency. The reason is quite simple: they want to control their citizens and escape of another contries sanctions. The first point is a big pity because in every corrupt countries the citizens often have some disavantages to criticize authorities. The government will have an interest to get rid of them and by using a own cryotocurrency the government can watch it's citizens and decide wo has to go to prison. The second point: Escaping sanctions is nothing to argue against, it's up to the country and maybe better for the citizens.
The problem is if you have a national cryptocurrency it's a central one, controlled by the government. This is not good. The can abuse it for it's own interests, get informations about the utilization or manipulate it.
It's better to have a strong global and decetralized cryptocurrency like Bitcoin. It can't be abused by local authorities because it belongs to all people.
So a national cryptocurrency can be seen critical because it depends on the government, and if the government is nasty, then you'll have some trouble.
