Liberland Chooses Bitcoin as National Currency

iberland is the newest European country. Liberland came into existence due to a border dispute between Croatia and Serbia. This area along the west bank of the Danube river is not claimed by Croatia, Serbia or any other country. It was therefore terra nullius, a no man’s land, until Vít Jedlička seized the opportunity and on 13 April 2015 formed a new state in this territory. Vit Jedlicka, settled the country on this territory and has established Bitcoin as the national currency.

The state already has its own national flag, coat of arms, and official website and Wikipedia page. The new government form of Liberland will be a republican type of direct democracy where all the citizens have a direct participation and are allowed to propose new rules to be voted by the community.

It is not the first time Bitcoin or some other cryptocurrency has become the official currency of a separate territory. For example, it has already happened in Lonseston, Australia. Lonseston planned to build the world’s largest local Bitcoin-based economy in the city, with support from local businesses and even government. The project team and supporters thought that Launceston would make a good high-density testing ground for Bitcoin.

The official acceptance of Bitcoin will not only allow the new country to avoid spending money on launching of state typography, but will also will prevent a lot of funds being spent in designing and producing the banknotes and protection means.

Even if Liberland does not come to succeed, it will most certainly deliver a major contribution to the practical understanding of Bitcoin and blockchain technology. Besides this, and in case it succeeds, the new European country will surely become the holy ground for Bitcoin enthusiasts.

All interested in becoming Liberland citizens can visit the country’s homepage to retrieve the requested information. https://liberland.org/en/request/