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Recently there were reports of a region in Northern Syria looking to implement cryptocurrency in its economy due to sanctions imposed by its neighbouring states. Apart from cases like these, what if in the future, secessionist states also seek to create their own cryptocurrency, can this cause confusion in the global cryptomarket?
asked in Cryptocurrency 91 points

1 Answer

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Well, cryptocurrencies come out of a decentralised system, and this would work well for an anarchist operating environment where there is no central governing authority.
I don't think this can cause confusion in the economy as if we look at it from the present economic system, countries have differing currencies, but still trade with each other (AUS$--->EURO---->US$---->JPYen etc). What may happen in the future is an exchange system appearing that would give guidance on how much of one cryptocoin is worth another cryptocoin.
answered 76 points
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