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RE: Singapore Dollar soon to join the blockchain as a digital token
I heard Palestine is working on it's own national cryptocurrency too. Every smaller country should embrace cryptos so to avoid more debts and imposed taxations by the IMF and the IB. Singapore is a tax haven but still cryptos will gain them much profit as it will be easier and from every side of the world to go Singapore Dollar.
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.
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 👍🏻
omg thats so amazing im happy palestine is also into crypto
Yes, they really need it.