Topic: Countries testing digital assets in 2020 (Read 1726 times)
The "Big Daddys" a.k.a. the presidents leaders so on and so forth of the world are more than likely probably not going to just let someone come in and start taking all of the nuts. Chances are they are thinking about this and have probably already thought about this and well people need to start thinking like them if they want to get ahead. You can't build anything when everybody thinks that they are a king. Look at China for my understanding not so happy about Bitcoin but guess who is running the mining show.. China.
Canada.
This one scares me a bit. I don't think government-backed cryptos are a good idea at all, but I'd hate to see them spread to North America where I live. It's bad enough that banks can track all your financial transactions if you're using a debit card or checking account, but to have the government itself be able to do the same? I would definitely not want to give up that much privacy to a government that I don't trust, and certainly not one with Donald Trump as the head of it.IMO people should be protesting this, but my guess is that most people don't even understand what these proposals are all about since most don't understand what cryptocurrencies really are. Governments have a long history of getting laws and similar things approved without much protest (think Prohibition in the 1920s in the US), but I do hope there's at least a little resistance in the countries which seem to be moving toward government-backed cryptos.
Countries are testing digital assets for years! Japan, Australia, Switzerland, Estonia, and others, are doing that openly from before 2014! Some other countries doing that in secret! Here it's not important digital, we need to be accurate and say crypto! Digital fiat exists for years, it's fiat money in digital form! Cryptocurrencies are not special just because of digitality, they are special because of the Blockchain technology behind.
This is very good news about the crypto market but it is quite bad for the economies of many countries. What do you think about the corruption of the political system to use money to launder money and tax gradually fading in a confusing way?
I think there is no reason for governments to create cryptocurrencies for anything, this should be for private businesses. I am still from my old point of view that any government that creates their coin is suspicious.
There are always two sides to a coin. Anything that has advantages will also have disadvantages. The issue of money laundering is not going to be peculiar to the coin. Up to date people still launder money using fiat even though there has been a massive fight against this. Just because there may be an escape route to money laundering using the coin does not warranty that they should not create their coin. I am sure they must be analyzed the pros and cons of this and probably when they that the benefit overweighs the disadvantage, they would have gone with the idea of making the coin. My only fear is how some countries that generate revenue mostly from taxes going to cope and make things work. I think there is no reason for governments to create cryptocurrencies for anything, this should be for private businesses. I am still from my old point of view that any government that creates their coin is suspicious.
Just like everything else I think the government has to to stay on top of the monetary "issues" as well.
I have read a news in 2019 about a tiny pacific island nation to issue its own cryptocurrency. Its called the Republic of the Marshall Islands and the token would be called Marshallese sovereign (SOV for short). The whitepaper isn't available yet, but this is one of those that I am looking forward to, especially John McAfee is running for President in November.
Oh.. please let's ignore that loser John McAfee. He has done enough damage to the cryptocurrency market by promoting scam projects. And I heard that a few days back he labelled Bitcoin as a "shitcoin" and advised his twitter followers to invest in altcoins rather than Bitcoin.
Anyway, coming back to the topic, I am not very excited with these government backed cryptocurrencies. I am afraid that they will be just the digital version of the fiat currency. And by the way, I wouldn't even regard Marshall Islands as a sovereign nation. It is a small group of coral islands (with a population of 50,000 or so) and ruled by the United States military.
Its because they realized it can't be stop since as the day goes on, a lot of organization are looking into digital assets, i think they thought it won't happen in the early years but now they see the whole picture and now they are trying to keep up, because its on its way there, we can expect it in 2025 they will start using this technology and others will soon follow and everyone will adapt, because thats what really bound to happen, imagine from stones to metal, from smoke to mobile communications and sattelite, from drawing to walls to camera, if you can see how to world evolves its no wonder blockchain is the future
Here are these countries doing their best to make the world accept cryptocurrency, while others are out there discouraging people from making use of crypto. I hope that other later change their mind and allow the use of cryptocurrency.
Although I do know that even if they do decide to go into cryptocurrency they will create their own cryptocurrency and that means they wouldn’t promote Bitcoin. But I seriously hope that they do make bitcoin legal everywhere in the world, even if they create their own cryptocurrencies, so that people can be able to make use of Bitcoin if they want to.
But because of the existence of bitcoin, the digital era continues to grow and even though they will or have planned to have their own cryptocurrency or their own digital money, but what happens in some countries has even legalized bitcoin and some only make crypto an asset, it proves that bitcoin has been accepted in the world. That way, I don't think there is anything wrong because every country will surely defend its own currency with the technology they use.Although I do know that even if they do decide to go into cryptocurrency they will create their own cryptocurrency and that means they wouldn’t promote Bitcoin. But I seriously hope that they do make bitcoin legal everywhere in the world, even if they create their own cryptocurrencies, so that people can be able to make use of Bitcoin if they want to.
Government would really be going on that way and we know that not all would really have the same mind for them to recognized nor accept BTC.
We've seen there are who accept but most of them are still in neutral and some numbers who do totally ban crypto/bitcoin.We cant blame them
and theres no way to changed up their mind.This is the reality, we do hope for global adoption but this one isnt really possible.For now, we should be
grateful at least to those countries who do recognized cryptos importance and benefits.
I have read a news in 2019 about a tiny pacific island nation to issue its own cryptocurrency. Its called the Republic of the Marshall Islands and the token would be called Marshallese sovereign (SOV for short). The whitepaper isn't available yet, but this is one of those that I am looking forward to, especially John McAfee is running for President in November.
Here are these countries doing their best to make the world accept cryptocurrency, while others are out there discouraging people from making use of crypto. I hope that other later change their mind and allow the use of cryptocurrency.
Although I do know that even if they do decide to go into cryptocurrency they will create their own cryptocurrency and that means they wouldn’t promote Bitcoin. But I seriously hope that they do make bitcoin legal everywhere in the world, even if they create their own cryptocurrencies, so that people can be able to make use of Bitcoin if they want to.
But because of the existence of bitcoin, the digital era continues to grow and even though they will or have planned to have their own cryptocurrency or their own digital money, but what happens in some countries has even legalized bitcoin and some only make crypto an asset, it proves that bitcoin has been accepted in the world. That way, I don't think there is anything wrong because every country will surely defend its own currency with the technology they use. Although I do know that even if they do decide to go into cryptocurrency they will create their own cryptocurrency and that means they wouldn’t promote Bitcoin. But I seriously hope that they do make bitcoin legal everywhere in the world, even if they create their own cryptocurrencies, so that people can be able to make use of Bitcoin if they want to.
Here are these countries doing their best to make the world accept cryptocurrency, while others are out there discouraging people from making use of crypto. I hope that other later change their mind and allow the use of cryptocurrency.
Although I do know that even if they do decide to go into cryptocurrency they will create their own cryptocurrency and that means they wouldn’t promote Bitcoin. But I seriously hope that they do make bitcoin legal everywhere in the world, even if they create their own cryptocurrencies, so that people can be able to make use of Bitcoin if they want to.
Although I do know that even if they do decide to go into cryptocurrency they will create their own cryptocurrency and that means they wouldn’t promote Bitcoin. But I seriously hope that they do make bitcoin legal everywhere in the world, even if they create their own cryptocurrencies, so that people can be able to make use of Bitcoin if they want to.
I wonder how Japan will make a move. The world's reserve currency is generally dollar. However, if a cryptocurrecny based on gold is produced, a new order can occur. I don't know when this will happen. But I think someone will try it.
I will never tire of repeating it: if a crypto is controlled by a government, it is no longer a crypto but a simple and banal electronic money, regardless of how elaborate it is the way they try to convince us.
If it will be implemented,A great news for crypto community and beneficial fr the cryptocurrency market.Adoption of crypto will be increased and the vendors will also think seriously about the crypto to make transaction with crypto and over all common person will be get benefit from it.
Developed countries realized that crypto and modern technology of block-chain is best for the stable economy.So underdeveloped countries must learn from the countries having proactive approach to cryptocurrency.
It is also spreading in under developed countries also. The only thing that stops it from being known by everybody is the restrictions put by the government on digital currency. The awareness is increasing day by day among all communities and people are accepting it happily. It is the advanced technology, its wide spread and wide acceptance by even under developed countries would improve their economies. We should work on its awareness among all nations. Developed countries realized that crypto and modern technology of block-chain is best for the stable economy.So underdeveloped countries must learn from the countries having proactive approach to cryptocurrency.
If it will be implemented,A great news for crypto community and beneficial fr the cryptocurrency market.Adoption of crypto will be increased and the vendors will also think seriously about the crypto to make transaction with crypto and over all common person will be get benefit from it.
Developed countries realized that crypto and modern technology of block-chain is best for the stable economy.So underdeveloped countries must learn from the countries having proactive approach to cryptocurrency.
Developed countries realized that crypto and modern technology of block-chain is best for the stable economy.So underdeveloped countries must learn from the countries having proactive approach to cryptocurrency.
Many countries would issue their own digital currency rather than accepting BTC as a legally accepted currency. But several countries might treat BTC as commodities rather than a currency. In our country, the possibility of issuing central bank digital currency is in the works
Adoption and the realization of many countries about the potential of crypto currency should make a big impact in the crypto society. Like China, which is a big communist country, surely their own crypto currency would be known far and wide. Countries are trying no to be left out in this kind of innovation that might be the key for the future.
I think that depends on the country.
Its been years since cryptocurrencies, mainly Bitcoin is legalized in our country. Until now, Bitcoin is not that popular in our country, despite the legalization. So I think this depends on the people of that country.
I smell something fishy about these countries trying to enter the crypto world. It is good that governments of these countries can see the potential of crypto currencies in terms of its accessibility and service to have a cashless society, but we can't stop thinking that maybe governments of the said countries have their hidden motives in entering and making their own cryptos. They will be able to control it just like what they want in bitcoin that they cannot control.
Anyway if it will help them to lessen the hustle but rather improve the services where these cryptos will be used, it can still be considered as a good idea.
It is obvious they are doing this not because they want to help people they are doing this because they want to benefit out of this, to me their plan is simple, just as they decieved people and took away their gold they are going to try to do the same with their bitcoins.Anyway if it will help them to lessen the hustle but rather improve the services where these cryptos will be used, it can still be considered as a good idea.
Lucky for us most of those that are invested in bitcoin think of it as a form of money that should be stored for the long term, but another goal of them by creating those currencies is to try to slow down adoption and I think they may be successful in that aspect.
I smell something fishy about these countries trying to enter the crypto world. It is good that governments of these countries can see the potential of crypto currencies in terms of its accessibility and service to have a cashless society, but we can't stop thinking that maybe governments of the said countries have their hidden motives in entering and making their own cryptos. They will be able to control it just like what they want in bitcoin that they cannot control.
Anyway if it will help them to lessen the hustle but rather improve the services where these cryptos will be used, it can still be considered as a good idea.
Yes exactly. But on the other hand its nice that the population of crypto users will increase because of this countries who will legalize crypto currencies and introduce it to their fellow citizens. If they will create their own coin its good but they cannot still bitcoin because it is the great coin at all times. I hope that my country will also legalize bitcoin or the crypto world itself because it cannot replace the fiat but it will surely help our economical status. Anyway if it will help them to lessen the hustle but rather improve the services where these cryptos will be used, it can still be considered as a good idea.
I smell something fishy about these countries trying to enter the crypto world. It is good that governments of these countries can see the potential of crypto currencies in terms of its accessibility and service to have a cashless society, but we can't stop thinking that maybe governments of the said countries have their hidden motives in entering and making their own cryptos. They will be able to control it just like what they want in bitcoin that they cannot control.
Anyway if it will help them to lessen the hustle but rather improve the services where these cryptos will be used, it can still be considered as a good idea.
Anyway if it will help them to lessen the hustle but rather improve the services where these cryptos will be used, it can still be considered as a good idea.
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