After the impulse of value that Bitcoin (BTC) and other cryptocurrencies had during the last year, especially the rise in December 2017, provided them global strength. There should no longer be anyone on the planet who does not know what bitcoin or cryptocurrencies are.
One might think that money from traditional banks and governments will never reach values as high as bitcoin, with some exceptions in the world such as Switzerland or Latvia which have such high denomination notes as high-value cryptocurrencies. Ethereum (ETH), Bitcoin Cash (BCH), Litecoin (LTC), Dash (DASH), among others.
Brunei ‘BTC Worth’ Banknote
But this is the particular case of the nation of Brunei, which has in its monetary system the highest denomination banknote in the world. It is currently worth 1 BTC (around $7,500 USD).
The presence of a banknote, belonging to a small Asian oil island in the Pacific Ocean, whish is worth 1 BTC can be enough to talk about.
It can be mentioned from the facts that this reflects a high economy for such a tiny country, like Luxembourg, also to raise arguments of the type: that these notes can be easily used for the financing illegal activities for their easy portability when needed.
Recall that, at the beginning of May 2016, the governing council of the European Central Bank (ECB) decided to stop producing 500 euro notes from the end of 2018, as they will stop printing them to fight against fraud and terrorism.
Like other countries, Brunei is in constant observation by the world’s community. The good news is that it has low indicators for money laundering and financing of terrorism, according to the US Department of State. What makes it even more secure as a territory for implementation or adoption of Bitcoin. We should ask Sultan Muda Hassanal Bolkiah if he wants.