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Lexurdania

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Quote from: bytebulls on May 07, 2020, 02:07:31 AM

In the past two months,, some countries have been attracting attention in strengthening cryptocurrency adoption. Financial regulators and legislators in India, South Korea, Germany, and France have all passed crypto-friendly laws, which has eased their attitudes towards cryptocurrencies.

These new legislations are seen as bullish signals by the crypto community. In other words, these four countries are seen as leaders in other countries, and they may lead more countries to warm up for cryptocurrencies in the future.

How do you think about this?

The more countries that legalize cryptocurrency and have regulations, I think will at least attract the interest of the public to invest. In addition, the adoption process will continue to grow and this makes the merchants dare to accept payment in the form of crypto

Maslate

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Big countries seemed to be crypto friendly, so I guess more countries will just follow.

What I really like to see in the future is that China will become pro crypto and they will allow bitcoin and other crypto to used by their citizen for online transaction and for sure the crypto space will boom more since what makes the crypto market success is a massive adoption and it will only happen if the market will be fully legalized.

Crypto_lion

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Most of the countries are waiting on standby and watching out how the countries that allowed are progressing. Definitely more countries will ease regulations in the future.

Jack ju

newbie

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Quote from: irixo10 on May 07, 2020, 04:32:19 AM

Yes it feels good knowing that more and more countries are coming up with lesser and friendly regulations which will accommodate crypto projects and I think this shows that, these countries are understanding that crypto is here to stay with us and will make sense they tap into its potentials early. As for other countries opening up, well, hardly can anyone say because every country have their perspectives about crypto thus we can only but hope they do it sooner than later.

Yes, although there are still some countries that are not friendly to cryptocurrencies, but I think this is because the development of cryptocurrencies is still in the preliminary stage, it will become more and more perfect in the future, and gradually be accepted

Iyanu14

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Quote from: bytebulls on May 07, 2020, 02:07:31 AM

In the past two months,, some countries have been attracting attention in strengthening cryptocurrency adoption. Financial regulators and legislators in India, South Korea, Germany, and France have all passed crypto-friendly laws, which has eased their attitudes towards cryptocurrencies.

These new legislations are seen as bullish signals by the crypto community. In other words, these four countries are seen as leaders in other countries, and they may lead more countries to warm up for cryptocurrencies in the future.

How do you think about this?

I know the reality of this will be a great joy to crypto industry. The interest of some country governments policies in crptos will go a long way in increasing the adoption and will welcome more investors into the industry. This is our desire and we are optimistic that more countries will come to the light of this.

SyndicateLabs

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Quote from: leea-1334 on May 07, 2020, 04:04:14 AM

The really big ones that matter at the moment have not, however,,, and I am talking about United States and China.

They are still making it very hard for crypto companies to do stuff,,, even for individual P2p trading it is illegal, which is ridiculous as people go ahead and do it anyway.

So I say,,, it does not matter in the end. Crypto will grow out of that.

As far as I know, China is preparing to issue cryptocurrencies, which is a great signal for cryptocurrencies and blockchain, if they are successful and widely used, I believe that this whole market will grow and not be constrained like before

irixo10

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Yes it feels good knowing that more and more countries are coming up with lesser and friendly regulations which will accommodate crypto projects and I think this shows that, these countries are understanding that crypto is here to stay with us and will make sense they tap into its potentials early. As for other countries opening up, well, hardly can anyone say because every country have their perspectives about crypto thus we can only but hope they do it sooner than later.

leea-1334

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The really big ones that matter at the moment have not, however,,, and I am talking about United States and China.

They are still making it very hard for crypto companies to do stuff,,, even for individual P2p trading it is illegal, which is ridiculous as people go ahead and do it anyway.

So I say,,, it does not matter in the end. Crypto will grow out of that.

lobo13hf

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Quote from: bytebulls on May 07, 2020, 02:07:31 AM

In the past two months,, some countries have been attracting attention in strengthening cryptocurrency adoption. Financial regulators and legislators in India, South Korea, Germany, and France have all passed crypto-friendly laws, which has eased their attitudes towards cryptocurrencies.

These new legislations are seen as bullish signals by the crypto community. In other words, these four countries are seen as leaders in other countries, and they may lead more countries to warm up for cryptocurrencies in the future.

How do you think about this?

It has already stated so many times of the crypto adoption needs the more time. We must realize if those countries must try to explore or at least try to dig the potential of crypto to be used as the n ext generation of stock market.
The adoption is about to begin and our journey is still very long consider we were just about to start.

I believe the next will be US

joshua123

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As I can see it looks like many will follow the path those countries mentioned. With the current virus that has been on the news lately, those countries realize the potential of digital currencies to be more valuable on the future so they started to do it. Italy becomes interested on blockchain and even allow their bank to do some trading, well for an online wallet purse, everythinf would be easy to access. But I am concerned about the banking industry if those blockchain will continue to adopt by most that would be a real risk to their business. Instead of using bank, people will tend over blockchain projects to process their money. But blockchain is not perfect and there are still flaws to this system.

pakhitheboss

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India did not have any law which stated a ban on cryptocurrency. It has always allowed trading and holding of cryptocurrency at the investors risk. The government has always stated that cryptocurrency cannot be banned as it is nota physical currency and is not consider as a legal tender.

The hear of all banks which is known as RBI had placed a ban on transactions which involved cryptocurrency. To overcome this situation Indian crypto community moved to the supreme court against this ban and in the mean time implemented P2P system. Now the ruling has been given in favour of the community and everything is normal as it was earlier.

I am not sure whether the neighbouring countries will also follow the same principle. But, currently except India all countries that are neighbouring to it have banned cryptocurrency transaction. They are Pakistan, Nepal, Bangladesh and Srilanka.

Latines

jr. member

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Recently read the news about this. I don’t remember which country. He is going to invest in cryptocurrency, but for some reason no one is happy about this. Everyone considers this a rash move. I don’t know how it will end, I think it will last a long time. If you see the news again, I will describe in more detail.

rodskee

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India on a contrary was just refreshed their Law regarding crypto
because i believe that their RBI is the only one
that pushing the banning of crypto use in their country,while South
Korea can Lure other asian country to adopt
this currencies because like Japan they are one of the Biggest and
richest country in the continent,and also
Those 2 mentioned above can help the adoption to come reality in
the countries next to them.

Jack ju

newbie

Activity: 27

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In the development of today's global economy, the role of digital currency is becoming more and more important, and many countries have also begun to implement their own central bank digital currency, which shows that in the near future, the supervision of digital currency will be more and more reasonably loose

bytebulls

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