Today, nation states have a monopoly on the issuance of notes and coins, one enforced with acts and regulations.
One just needs to revisit history to see how Liberty Dollar creator Bernard von NotHaus was charged with federal crimes for trying to mint his own private currency. Agents of the U.S. Secret Service and FBI raided the Liberty Dollar offices in 2007 and confiscated all its gold, silver and platinum. Bank accounts were frozen and computers seized.
Fast forward to 2017 and central bank-issued currencies and privately issued cryptocurrencies have been co-existing for almost a decade. Libertarians are acutely aware that it is only the decentralized and cryptographic nature of cryptocurrencies that keep the government agents from the door.
Read More Here: https://www.coindesk.com/central-banks-cryptocurrency-and-the-quest-to-dematerialize-money/
