Crypto currency is based on trust --- The value of a currency reflects the economic strength of a country and the trust placed in this country by investors. I fail to understand how a crypto currency issued by an economically stressed country could prove interesting for users. Crypto currencies are highly volatile and speculative, they can only function based on trust.

If they enjoy "too much" trust from the users, crypto currencies could potentially disrupt national economies. This is what many governments were fearing with FaceBook intending to launch a crypto currency: Libra.

Source author: Florence Tinguely Mattli florence.tinguely-mattli@eda.admin.ch