I don't think I'll take advice on currencies from someone who thinks the French currency is the Franc.
The forest is just in front of you.
> x-coin isn't that because it has the functions of a currency: Store of value, medium of exchange and unit of accounting.
That's a straw man because there's nothing in the definition of currency that is exclusive of being an asset.
Francs -> USD -> x-coin
But maybe Zimbabwean exchanges don't follow KYC. That's great for you, but going Franc -> ZD -> x-coin exposes you to a lot of other problems.
Thats completely different from "conversion" bans that you were talking about before.
Sure, you can ban the use of all tokens, but a conversion ban between 1 currency and another makes no sense.
https://en.wikipedia.org/wiki/Foreign_exchange_controls
the Greenback<>Greyback exchange situation during the civil war was also an interesting example of this.
I think anyone doing anything in cryptocoins needs a serious lesson in monetary history and policy.
Not true. Using your example, you'd first need to convert your Francs into x-coin. If convertibility is illegal, then congratulations you just entered a black market.
Which is fine if that's what you want to do, but now your risk just increased dramatically. Is that kind of risk taking scalable for a mass market? I doubt it.
As to it being an asset and not a currency, there are many things that do that, but x-coin isn't that because it has the functions of a currency: Store of value, medium of exchange and unit of accounting. In your example, you're using the coin as currency to intermediate an exchange of [mansion].