Scotland Urged to Create its own Digital Currency
http://dcebrief.com/scotland-urged-to-create-its-own-digital-currency/This sounds like a great suggestion, but if Scotland decides to use that advise and create its own digital currency, wouldn't they be giving up some amount of control? Is there any way a government authority could gain information or control of the currency? Take Greece for instance. They basically shut people out of their own bank accounts, allowing them only to withdraw a certain amount per day. Is that at all possible with Cryptocurrency at all?
I'm sure they could adopt an existing digital currency, create a new digital currency with full control, or create a new digital currency with zero control and fully decentralized.
Probably not, depending on where they stored their coins, and how they are handled. They set a limit after closing the banks and people went on a dash for cash withdrawing from ATM's.
It's important to note money or creation of money is not an inherent government function.