Liberland Is Planning on Deploying Its Own Cryptocurrency

The first thing on your mind might be, wait, what is Liberland? Well, the Free Republic of Liberland is a “sovereign state that is located between Croatia and Serbia on the west bank of the Danube river, on land sometimes known as Gornja Siga” according to their official site. The state has a motto of live and let live and has been fighting for freedom for more than two years now.

The country, which has the official language of English, and whose current president is Vit Jedlicka, is planning on deploying its own cryptocurrency.

This deployment would be in line with its motto, “To live and let live because Liberland prides itself on personal and economic freedom of its people, a freedom that is guaranteed by their Constitution”, their constitution significantly “limits the power of politicians so they could not interfere too much in the freedoms of the Liberland nation.”

The issue with Liberland is that they are still seeking to gain a foothold in their territory in all regards, Liberland claims that the land was a no man’s land and so they placed their claim to it and made it their home. The no man’s land situation arose because neither adjacent country, Serbia or Croatia wanted to take ownership of the land for reasons of their own.

At the time of writing, there are at least five hundred thousand people who have registered to be a citizen in Liberland; this does not mean that they are citizens, this means that they have applied and need to be finalized.

The Cryptocurrency Launch

The Republic will be launching their cryptocurrency for which they will be taking in the currencies of BTC, BCH, and ETHTheir official coin will be called Merit, and all taxpayers within the country will be granted an amount of Merit. This, in turn, will create stakeholders of Liberland.

How Liberland came to be

As noted above, Liberland is a country that was formed to fill the void present in the no man’s land between Serbia and Croatia. Vit Jedlicka, who in a prior life, served as an economist, took the opportunity of claiming the empty land as one for Liberland. Vit and a few of his friends created a flag, placed it on the land and voted Vit to be the president of the land. Yet, all wasn’t well in paradise. Issues rose when Croatia found out that they might have libertarian-oriented neighbors. Therefore, Croatia issued a statement notifying those who would potentially enter the land that they would be arrested and face financial fines as well. They did follow up on their promise of fining those who entered the land as Jedlicka was one of those who was fined when he tried to get to Liberland from the Croatian land. Up to now, more than eighty people have been arrested and fined over the course of three years.

Progress has been made, Liberland is continuing to process registrations over the web and is in the process of continuing to formalize a nation. Furthermore, he is working with the Croatian judicial system to work through legal matters.

Learn More About Liberland – Apply For Citizenship!

By | 2018-03-01T15:20:29+00:00 March 1st, 2018|Cryptocurrency News|0 Comments

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