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RE: Singapore Dollar soon to join the blockchain as a digital token

in #money7 years ago

Fully agree that small countries should consider going this way. My opinion is that they should actually go full Crypto, not only digitize their current currency. The first Small country that does that will probably have the greatest demand for their token than any other Crypto :) as you will have to spend that Crypto in that country.

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My country has around 600.000 citizens. We unilaterally adopted Euro even though we are not in the European Union. The EU tried to cancel euro distribution in our country but we are still using it and on our way to the EU 2020 hopefully. The thing is, if we create our own digital currency which would be based on euro reserves we could save a lot of money and reduce our national debt, long story.. still interesting.

Indeed 👍🏻

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