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Topic: What if every country has its own crypto currency - page 9. (Read 54868 times)

full member
Activity: 420
Merit: 111
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.
Most countries can't have their own national cryptocurrencies because they don't have any reserves of natural resources and the like. The national currency should be provided with something. Russia for example oil, what any other country-gold....
full member
Activity: 560
Merit: 101
What are they for? Rate of every currency is formed by demand and there will be no demand for cryptos in places, where fiat coulb be used much better.
full member
Activity: 941
Merit: 100
maybe the crypto currency will be different in nature and function like the previous crypto currency and maybe the function will be like a fiat currency, of course
maybe that will happen, because in some countries there have been those who use bitcoin or other crypto money as certain payment fees, not just as trading assets. when the government makes their own cryptocurrency it will be good because the function of crypto money as a means of payment will be carried out in all governments.
jr. member
Activity: 420
Merit: 1
A country has its own rules regarding cryptocurrency and I still hope that the State and government can accept Bitcoin without having to make their own coins, this will make crypto prices more competitive and Bitcoin will lead to crypto market capitalization
member
Activity: 182
Merit: 10
I don't think this is a good idea. Crypto is great because it is an intentational and have not borders in it using for all people
member
Activity: 434
Merit: 10
Personally, I tend to disagree with the proposal. Crypto will be better if it can be accessed generally by everyone from various countries, it will facilitate the transaction. More crypto types will make some crypto weak and its use is also inefficient.
sr. member
Activity: 700
Merit: 252
maybe the crypto currency will be different in nature and function like the previous crypto currency and maybe the function will be like a fiat currency, of course
full member
Activity: 445
Merit: 111
I think that in the future it will be so. Each country will have its own cryptocurrency, which will simply replace the fiat currency. Of course, this is total control by the state, in principle, as it is now with electronic money, but now there is cash that cannot be traced, so there will most likely be some kind of anonymous cryptocurrency that can replace cash
member
Activity: 182
Merit: 10
No point in such move just because most of countries do not have demanded fiat currency, so their crytpo will not be demanded too. It is my point.
jr. member
Activity: 140
Merit: 1
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.
you know countries can't stop being at war or thretening with it, i doubt they will make this friendly move as creating crypto currency for themselves just to please the others. not that soon, at least
full member
Activity: 504
Merit: 100
I don't know, I don't understand this. It looks like it is profitable but until now not many have realized it. It seems that it is very closely related to the economy of a country, there will definitely be side effects. Moreover, some countries prohibit cryptocurrency, and most others categorize it as high-risk assets.
You are absolutely right about high-risk assets, this is true. If we talk about countries that prohibit it, then such countries are in most cases called developing, these are countries that in the future will simply copy the model of working with cryptocurrencies, but for now they are simply afraid to work with cryptocurrencies.
full member
Activity: 896
Merit: 108
I don't know, I don't understand this. It looks like it is profitable but until now not many have realized it. It seems that it is very closely related to the economy of a country, there will definitely be side effects. Moreover, some countries prohibit cryptocurrency, and most others categorize it as high-risk assets.
full member
Activity: 560
Merit: 100
Indeed a good progress if every country is able to make its own crypto currency. If that really happens then the crypto currency market can be as active as the world fiat currency market. But if I analyze whether or not this is done, in my opinion it is very difficult to happen. Now only a handful of countries are open and give legal status to crypto currencies. I'm not sure that all countries accept this crypto currency technology. For example, my country, my country strongly prohibits crypto currency transactions. Therefore, I believe this will require a long adjustment to make all countries have crypto currencies. Just to take care of one fiat currency some countries have been overwhelmed and I can't imagine if It have to take care of the country's crypto currency itself. Hmmm, but it's a challenge which one day every country must accept the presence of crypto currencies even get the demands of the time to create their own crypto currency.
full member
Activity: 728
Merit: 100
A good idea if each country creates their own crypto currency. This is the same case as they have a national fiat currency for their own country. If every country has its own crypto currency, it means they have two valuable currency assets, namely crypto currency and fiat currency. This will make progress for every country. Besides that, the positive side is that each country will accept the presence of crypto and open currencies with the presence of this technology. Of course this makes crypto currency increasingly strengthened its position.
jr. member
Activity: 420
Merit: 1
That would be great if it was implemented. Imagine a country that has own a cryptocurrency. It is like a modern fiat money, the difference is that it is digitalized currency. Certainly it would make a huge demand.
sr. member
Activity: 1652
Merit: 262
it seems to be good if every country has their own coins and has an estimate of the value of the coin itself and the main benchmark is bitcoin which has the same value throughout the world. this is like an economic shift from fiat to crypto. but that seems to be difficult because the government certainly doesn't approve it, or all the governments which means only a few agree.
member
Activity: 616
Merit: 13
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 dont see any bad thing about that, hmm. It would be nice if all of the countries have their own cryptocurrencies, imagine trading foreign exchange but not trading currency instead trading cryptocurrency. Smiley it would be fun but i know it will not be the same coz im sure that something will happen, good or bad.
newbie
Activity: 34
Merit: 0
I think having one cryptocurrency for each country defeats the purpose and design of a digital currency. That fact that it has a digital structure should mean it can be applied to any country. That’s why I’m gaining intertest on the Virie Market. I like how it describes its virtual marketplace as a market without borders –because that’s what crypto should be –an easy-to-use financial instrument that can be used, anytime, anywhere, correct?
copper member
Activity: 280
Merit: 1
I think the general crypto space will then be too flooded and will lose its worth and usefulness. Crypto is designed to be decentralized and with some deregulation android therefore it becomes a discrete means of payment being peer to peer. Crypto is meant to have no borders while transacting.
member
Activity: 378
Merit: 10
It is indeed a good idea, if every country has its own crypto currency, of course this will make a country more developed, hopefully someday it can be realized and kripo will develop better.
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