In Kaldus, crypto currency will be illegal to use in the nation. A person can own crypto-currency, but can not use that currency to buy within the nation. The only officiated form of payments in Kaldus will be the Kaldan Dollar. And as mentioned on other pages, the currency is completely digital. If the crypto-currency owner wishes to pay for something in crypto-currency, they must buy from outside the nation, and have it imported. If the item is worth more than $1,000 – then there will be a tariff depending on the item, and its compliance with the NSC.
This extra fiction might make the crypto-currency less attractive, and that is the purpose of this regulation. There is no country that backs up crypto-currency, so this currency can literally be vaporware. It is not illegal for someone to buy vaporware, but it is illegal to try to use vaporware to buy your new automobile.
So how will someone be able to use their crypto currency. They will need to convert their currency to a national standard currency (such as the USD), and then convert the national standard currency to KAD (Kaldan Dollar). Countries might charge exchange fees to convert, but this is usually a lower rates (such as 5%) than other charges. Still, this long and friction method of using crypto currency in Kaldus might be the only way to do it if they wish to make a legitimate purchase.
The Kaldan National Bank will be the authority of converting currencies. There will be a 5% charge from Kaldan dollars to convert one currency to another. Therefore if someone received $100, then they will have to pay $5KAD. This is something to consider when a Kaldan citizen working abroad wishes to send money to family.