Liberland is a small country located on the Danube River between Serbia and Croatia. The micro nation’s official money is bitcoin and it also uses bitcoin cash and ether for its financial operations and donations.
More importantly, Liberland has been using bitcoin as its official currency thus positioning itself as a crypto-political experiment writ large. Other virtual currencies including bitcoin cash and ether are also legal tenders in the nation.
The country sustains itself with donations received from citizens. This formula as well as having other bitcoin and altcoins investments had boosted Liberland’s state funds to the equivalent of roughly 350,000 US dollars in December 2017. Jedlicka has also hinted at some development projects that the funds would support. He said:
Liberland has plans to take its libertarian style of government to other countries and continents. The President of the Free State explained that “because of this large interest, especially from the Middle East and Africa, we are considering that it would be actually healthy to bring Liberland to Africa instead of bringing all the people from the Middle East and Africa to Liberland.”
In line with its expansion plans, Liberland officials have been holding discussions with Somaliland, an independent East African nation in a bid to create the Liberland territory in Somalia. The territory will be an autonomous and free trade zone.