Historically, governments have utilized emerging technologies to both spur economic development and further their geopolitical strategies. Advances in the medium of exchange are no exception. Cryptocurrencies and blockchains are accelerating economic development and unlocking new opportunities while simultaneously providing governments with new methods to pursue their objectives in economic policymaking and international relations. However, these new technologies also threaten to exacerbate existing international tensions between governments and the private sector. What are the implications of nations pursuing their own digital sovereignty vis-à-vis private sector innovation and investment?