Post
Topic
Board Altcoin Discussion
Re: Turkey working on their own digital by end of 2020
by
jootn2kx
on 11/11/2019, 07:34:19 UTC
After announcement of the creation of own national cryptocurrency made by the Chinese government another country (Turkey) also  joined the race of creating their own national digital currency name Lira, which was the first basic monetary unit used by Italian and Turkey before the introduction of Euro in the year 2002.
Source
I believe the reason why country are planning their own national crypto was because the IMF boss advised and the question is will more countries also creating their own national cryptocurrency?

These might be called cryptocurrencies, but they won't be real cryptos. Countries won't launch coins that they cannot control. We have already seen many times what cryptos launched by governments and major companies look like. Venezuela's Petro is one example. Facebook's Libra (while not launched yet) is another. China would rather shoot itself in the foot than release a real crypto, otherwise they would have just accepted BTC. These will be centralized coins controlled by governments and companies, nothing more.