Post
Topic
Board Bitcoin Discussion
Re: Can Bitcoin ever be use as other country currency
by
TedMosby
on 26/01/2021, 03:31:30 UTC
Can Bitcoin ever be use as other country currency and it will still maintain it decentralized digital currency?

According to the definition of National Currency that I found on the Internet, Bitcoin can be a national currency I think.
it will remain decentralized, but it will be regulated by the central bank as well.
as long as the authority has more power to control it, I think they will accept bitcoin as a currency.
so, what's the point of having bitcoin then?

"A national currency is a currency issued by the monetary authority or central bank of a country. It is the medium through which the goods or services are purchased/sold within an economy. Currency can be anything that represents value; however, paper notes, coins, and digital cash are the most acceptable modern forms."

Source:
https://www.investopedia.com/terms/n/national-currency.asp
https://corporatefinanceinstitute.com/resources/knowledge/economics/national-currency
https://investinganswers.com/dictionary/n/national-currency