Countries testing digital assets in 2020 - page 2.

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Quote from: Baoo on January 21, 2020, 12:00:09 PM

That's a good information from the OP to be honest, as I know Dubai's government are supporting the projects (financially ) in blockchain domain. Also, I did not know that Canada are testing cryptocurrencies but if it is really happened then their ecnonomy will significantly increase especially when Bitcoin is going to be recognized as a legal coin . In fact, the advantage that Canada has great energy stock especially located on the waterfalls..ect.
And due to the energy is pretty cheap right there, so mining projects would be the appropiate through these natural resources or Canadian environment.

How long one country keep continue for testing about accepted bitcoin and altcoin legal payment transaction and how come to make bitcoin really accepted with many people, maybe have pass three months and enough to test with bitcoin as payment currency and have new way to know bitcoin become friendly payment currency or not.

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That's a good information from the OP to be honest, as I know Dubai's government are supporting the projects (financially ) in blockchain domain. Also, I did not know that Canada are testing cryptocurrencies but if it is really happened then their ecnonomy will significantly increase especially when Bitcoin is going to be recognized as a legal coin . In fact, the advantage that Canada has great energy stock especially located on the waterfalls..ect.
And due to the energy is pretty cheap right there, so mining projects would be the appropiate through these natural resources or Canadian environment.

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Quote from: criza on January 20, 2020, 06:54:57 PM

Quote from: clickerz on November 29, 2019, 09:48:21 AM

Quote from: ecnalubma on November 28, 2019, 08:38:52 PM

These countries are fascinated by blockchain technology that’s why they are taking early move for adoption. I just wonder if they will run it right away publicly or implement it by sector, this is very challenging for their side but lets see what will happen during its early phase.

Well, that is the trend now, going digital. Since blockchain technology is new and emerging, many countries try to have their own crypto assets/currency. This is good since this is also a part of crypto awareness and hope for adoption. We are seeing more implementation of this project in the future for every country as they try to utilize this new technology.

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.

And aside from the list of the OP, there is already a long list of countries that are into cryptocurrency. below link is a comprehensive report regarding the usage of cryptocurrencies around the globe -

https://www.loc.gov/law/help/cryptocurrency/world-survey.php

you can view their portable doc files and you will gain a lot of insights from this report. and since this was 2018, i guess more updates can be added in this list especially that we are already in 2020. the acceptance of crypto is far better than before as more companies and institutions are having their own respective blockchain projects.

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Quote from: clickerz on November 29, 2019, 09:48:21 AM

Quote from: ecnalubma on November 28, 2019, 08:38:52 PM

These countries are fascinated by blockchain technology that’s why they are taking early move for adoption. I just wonder if they will run it right away publicly or implement it by sector, this is very challenging for their side but lets see what will happen during its early phase.

Well, that is the trend now, going digital. Since blockchain technology is new and emerging, many countries try to have their own crypto assets/currency. This is good since this is also a part of crypto awareness and hope for adoption. We are seeing more implementation of this project in the future for every country as they try to utilize this new technology.

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.

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Quote from: TrevorS on January 20, 2020, 10:28:56 AM

They will only allow expanding the functionality of fiat currencies within the digital environment in which we are all moving.

We already have a digital environment when it comes to moving fiat currencies and if they are adding a blockchain to that movement then it will have more transparency and the biggest problem that can cause is that the government will be able to monitor every transactions we make and will have more control over us which i am not a big fan, so i am not in favor of those kind of development that a government will have more power over its citizens.

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Quote from: buyinbtc on January 19, 2020, 08:30:10 PM

I think the interest grew as they knew there were tonnes of people who could invest from all over the world in global tokens or currencies. So, Russia thinks they should make a digital currency that doesn't mean anything and is worth zero, but could get millions of dollars, perhaps even billions. That's why, and nothing else, they're looking into it. Hopefully in the future all countries will accept it

What kind of investments are you talking about? After all, investments involve income in the form of dividends, but if we are talking about the digital currencies of banks and individual countries, it is obvious that these types of currencies will be stable. They will only allow expanding the functionality of fiat currencies within the digital environment in which we are all moving.

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Definitely, This type of good news encourages us to get involved in this system for the long run, believe it or not, the legal issue is the fundamental thing in the monetary world, without government approval, no one can use crypto in the local market, it can be only used in the virtual life, But I believe that international political movement is the main thing in this issue, many countries are interested in creating an own blockchain system but which is not fruitful for the cryptocurrency anymore, so individual initiative should be focused on this cryptocurrency because the main theme is the decentralization.

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I think the interest grew as they knew there were tonnes of people who could invest from all over the world in global tokens or currencies. So, Russia thinks they should make a digital currency that doesn't mean anything and is worth zero, but could get millions of dollars, perhaps even billions. That's why, and nothing else, they're looking into it. Hopefully in the future all countries will accept it

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Quote from: kesmex on January 17, 2020, 12:39:28 PM

more and more adoptions from countries, it will make Bitcoin an extraordinary asset in the future, I'm 100% sure that Bitcoin is still worth buying now

Absolutely it is. However exploring blockchain technology doesn't necessarily mean that a country will invest in a decentralized currency.

I would rather think it is more for smaller sized countries who don't want to be economically controlled by an external power.

Just look what happens when the americans are threatening Irak to take away the dollar reserves if they kick out the US army.

This is a whole different layer of attack.

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more and more adoptions from countries, it will make Bitcoin an extraordinary asset in the future, I'm 100% sure that Bitcoin is still worth buying now

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The summary shows that it is clear that the influence of Bitcoin and blockchain has drawn attention to some of the most developed countries.
We are witnessing a great change in technology with the emergence of bitcoin. As we well know, cryptocurrencies can help nations that have a financial crisis. Where access to the bank is almost nil for some populations and the implementation of crypto-based financial instruments would improve the economic progress of these nations.
Undoubtedly, technology would give a breakthrough for the benefit of nations and I would say a whole continent because it is possible that the model that is implemented if it is successful is replicated.

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Within the current cryptocurrency trend, many countries (as corporations did before) will claim their rights to part of the cryptocurrency market.
Let's see who will do it best, but so far it does not seem that there would be favorites who could get ahead with their incredibly advanced global bank coins.

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Quote from: FLoving on January 15, 2020, 02:31:58 PM

Quote from: ?? on ??

I think the interest grew as they knew there were tonnes of people who could invest from all over the world in global tokens or currencies. So, Russia thinks they should make a digital currency that doesn't mean anything and is worth zero, but could get millions of dollars, perhaps even billions. That's why, and nothing else, they're looking into it. Hopefully in the future all countries will accept it

If the demands for crypto industry will continue to be pushed by people who already using it, government then will follow and make certain
movements in order to make sure that they've still have a good control. It will have both good and bad effects though it can be balance and
sort if how the government will be able to make it more in the positive side.

Yes if the government is a state is a democratic government then the decisions of it will be in the favor of the citizens of that state so if someone want that their government adopt the digital assets for their states then they have to adopt it for their life and have to promote the adoption of it all around their country. If it will happen then the government of that state will legalize the digital assets and will support it and will develop it more for the convenience of their citizens.

If the citizens of a state understand the idea that digital currency Is going to benefit them in many ways in the future and they can do a lot of business with it they can make it legal in their country. As majority is the authority and citizens can make it accepted by the government, it can happen if the users start promoting it to others and make it part of their everyday life.

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Quote from: ?? on ??

I think the interest grew as they knew there were tonnes of people who could invest from all over the world in global tokens or currencies. So, Russia thinks they should make a digital currency that doesn't mean anything and is worth zero, but could get millions of dollars, perhaps even billions. That's why, and nothing else, they're looking into it. Hopefully in the future all countries will accept it

If the demands for crypto industry will continue to be pushed by people who already using it, government then will follow and make certain
movements in order to make sure that they've still have a good control. It will have both good and bad effects though it can be balance and
sort if how the government will be able to make it more in the positive side.

Yes if the government is a state is a democratic government then the decisions of it will be in the favor of the citizens of that state so if someone want that their government adopt the digital assets for their states then they have to adopt it for their life and have to promote the adoption of it all around their country. If it will happen then the government of that state will legalize the digital assets and will support it and will develop it more for the convenience of their citizens.

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Quote from: Chrystora123 on January 15, 2020, 07:32:42 AM

Quote from: JessicaVL on November 28, 2019, 05:09:31 AM

snip..

You seem to forget about China, last year President Xi Jinping announced he would issue their cryptocurrency this year, but don't know yet what month it will be realized. and one more country that is rumored to be starting to use digital money that is Malaysia, cmiiw

Let them do what they want. If it is good for their country to prosper even more or to have more convenience than before then it is a good decision for them to test digital assets for their economy. If they will have a positive result from this experimentation then we all know that most of the developing countries will do the same and they will immediately use blockchain technology.

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Quote from: Chrystora123 on January 15, 2020, 07:32:42 AM

Quote from: JessicaVL on November 28, 2019, 05:09:31 AM

snip..

You seem to forget about China, last year President Xi Jinping announced he would issue their cryptocurrency this year, but don't know yet what month it will be realized. and one more country that is rumored to be starting to use digital money that is Malaysia, cmiiw

Just giving issues only without have implementation about when bitcoin become legal currency payment transaction, I have bad opinion with Chinese president when said will make bitcoin as legal currency payment only for running their chance to sell bitcoin with higher price, maybe make the same statement when finished buy bitcoin with lower price and announce to public for accepting bitcoin in China.

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Quote from: JessicaVL on November 28, 2019, 05:09:31 AM

snip..

You seem to forget about China, last year President Xi Jinping announced he would issue their cryptocurrency this year, but don't know yet what month it will be realized. and one more country that is rumored to be starting to use digital money that is Malaysia, cmiiw

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Quote from: adzino on January 14, 2020, 06:18:28 PM

Sad, all these currencies are just going to be centralized currency. Still no financial freedom and now the Government of those countries can keep a close eye on peoples finance. They can now easily regulate their currency without facing any problem.Sadly, no more financial privacy for people. Let us just see what happens this year. If they can actually implement this in their country, at least people will start knowing more about bitcoin and then the advantages of using bitcoin over the regulated coin. Highly likely, they will stop using their government issued crypto currency and will move to bitcoin.

That is a calculated risk they are taking, they cannot let decentralized cryptocurrencies have a monopoly of this new form of money, but at the same time if they create their own centralized cryptocurrencies people may decide to adopt bitcoin.

There is nothing we can do except to trust that sooner or later people are going to realize that bitcoin is many times better than those centralized cryptocurrencies, and one great way to do that is for bitcoin to keep increasing in price and bring more attention to itself that way.

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Sad, all these currencies are just going to be centralized currency. Still no financial freedom and now the Government of those countries can keep a close eye on peoples finance. They can now easily regulate their currency without facing any problem.Sadly, no more financial privacy for people. Let us just see what happens this year. If they can actually implement this in their country, at least people will start knowing more about bitcoin and then the advantages of using bitcoin over the regulated coin. Highly likely, they will stop using their government issued crypto currency and will move to bitcoin.

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Quote from: sisule on January 10, 2020, 02:57:32 AM

Above country testing bitcoin as legal digital payment currency which one country have accepted bitcoin as legal payment currency, how many year need by some country to test bitcoin before accepting as legal currency payment, now day many country want to legal using bitcoin and altcoin as currency payment for giving benefit and tax for country.

There are quite a couple of countries that have already started doing so and bitcoin is legal over there as this helping government in providing people with opportunities of income and it is also reducing burden from the shoulders of government of providing stable financial life to all citizens. There are many news that develop countries are also working on methods to put taxes on bitcoin in order to make it legal.

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