Countries testing digital assets in 2020 - page 4.

asus09

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Quote from: avatar_kiyoshi on December 31, 2019, 02:20:42 AM

Quote from: bobitza on December 30, 2019, 01:16:37 PM

There have been many countries around the world accepting cryptocurrencies as well as testing digital assets. For example, the Russian central bank is testing stablecoins attached to real assets. Many countries are openly pursuing central bank digital currencies (CBDC), while others are exploring this possibility. Known names working on the issue are Uruguay, Sweden and India, which introduced the concept of digital rupees in the draft bill of cryptocurrencies.

Russian is one country that confused accepting cryptocurrency, in 2016 they ban cryptocurrency, then after Bitcoin price at peaked and it's become hype Russia change their decision to open cryptocurrency in their country, Putin also excited about cryptocurrency, then at Nov 2019 Russian Central bank say it would support crypto ban and now they start to testing stablecoin. Hmm.. Probably that's their economic strategy to against China vs America war trades Huh

Firs time I know whit bitcoin last 2015 Russia have been interested for accepting bitcoin as legal currency payment and try to make bitcoin become competitor for USD as fiat payment currency always use by many countries, until four years later Russia look not accepted and make bitcoin become legal currency payment, does any one have give fake information about Russia accepted bitcoin or not.

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Quote from: bobitza on December 30, 2019, 01:16:37 PM

There have been many countries around the world accepting cryptocurrencies as well as testing digital assets. For example, the Russian central bank is testing stablecoins attached to real assets. Many countries are openly pursuing central bank digital currencies (CBDC), while others are exploring this possibility. Known names working on the issue are Uruguay, Sweden and India, which introduced the concept of digital rupees in the draft bill of cryptocurrencies.

Russian is one country that confused accepting cryptocurrency, in 2016 they ban cryptocurrency, then after Bitcoin price at peaked and it's become hype Russia change their decision to open cryptocurrency in their country, Putin also excited about cryptocurrency, then at Nov 2019 Russian Central bank say it would support crypto ban and now they start to testing stablecoin. Hmm.. Probably that's their economic strategy to against China vs America war trades Huh

BartS

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Quote from: jameshugo17 on December 16, 2019, 03:58:02 PM

The cashless society has already begun. We switched to this system with credit cards. Does anyone carry $ 100,000 in cash? The new system is also said to be encrypted money. Cryptocurrency can continue this work. But with a difference. Banks may disappear.

It seems that governments are pushing for this harder than ever, this has been one of their goals for decades but it did not seem like they were in any hurry to implement this since they knew they had complete control of all the currencies around the world.

But the creation of bitcoin and its popularity have changed everything, they are creating their own cryptocurrencies because they do not want to allow bitcoin to become a real alternative, but as long as their cryptocurrencies are the same as fiat bitcoin will continue to be as powerful as it is now.

bobitza

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There have been many countries around the world accepting cryptocurrencies as well as testing digital assets. For example, the Russian central bank is testing stablecoins attached to real assets. Many countries are openly pursuing central bank digital currencies (CBDC), while others are exploring this possibility. Known names working on the issue are Uruguay, Sweden and India, which introduced the concept of digital rupees in the draft bill of cryptocurrencies.

kotik085

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The main thing is that Russia was on the list, our neighbors will not hinder us and we need to be friends with them. The fact that many people accept blockchain is only a plus of crypto.

target

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France should now be on the list too, they did announce recently about its digital fiat. China was the first to announce creating their own digital yuan and this is why some of us are surprise the China is not in the list. China is one of the country that is already cashless.

Quote from: jameshugo17 on December 16, 2019, 03:58:02 PM

The cashless society has already begun. We switched to this system with credit cards. Does anyone carry $ 100,000 in cash? The new system is also said to be encrypted money. Cryptocurrency can continue this work. But with a difference. Banks may disappear.

If the $100,000 in a form of digital cash backed by government, do you think we can be held in the airport and not allowed to travel? In the current law we are only allowed to bring $10k

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The cashless society has already begun. We switched to this system with credit cards. Does anyone carry $ 100,000 in cash? The new system is also said to be encrypted money. Cryptocurrency can continue this work. But with a difference. Banks may disappear.

bettercrypto

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Quote from: doomloop on December 15, 2019, 07:35:42 AM

Quote from: TastyChillySauce00 on December 14, 2019, 12:36:16 AM

Quote from: bettercrypto on December 13, 2019, 11:29:19 PM

I think the reason why the OP did not include China to the list is because it acquires bitcoin as well as cryptocurrency several years ago. It just denied and banned it for couple of times due to their own reason. Maybe, it is economically worst for them that time or they are checking its usage or it just want to manipulate the market. But one thing I know, cryptocurrency becomes the center of global trends right now.

China only state to utilizes blockchain and they are still prohibiting any cryptocurrencies which is understandable if this whole topic doesn't include China and speaking about global trends, it's not only cryptocurrency that become the center of the world but the whole digital payment or cashless society. Everywhere want to be cashless and bitcoin happen to be part of this so called "cashless society".

Going cashless will crypto currencies not be new thing because people are already into plastic money and this is the reason they did not find much problem in making transactions with bitcoin other digital currencies. Those countries who want to rule world market like china, USA etc. they will definitely resist this change to bits but if general public wants it, and they cannot do it for so long.

Yeah! I agree with you sir.
That is their strategy also since they know the crypto will become an enemy for their economy. They treat as a threat also to their development. Therefore, they resist to change but they want the trend since they might earn from crypto industry. We all want cashless society because it is always convinient to use. So, we must support a news like this.

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Quote from: TastyChillySauce00 on December 14, 2019, 12:36:16 AM

Quote from: bettercrypto on December 13, 2019, 11:29:19 PM

I think the reason why the OP did not include China to the list is because it acquires bitcoin as well as cryptocurrency several years ago. It just denied and banned it for couple of times due to their own reason. Maybe, it is economically worst for them that time or they are checking its usage or it just want to manipulate the market. But one thing I know, cryptocurrency becomes the center of global trends right now.

China only state to utilizes blockchain and they are still prohibiting any cryptocurrencies which is understandable if this whole topic doesn't include China and speaking about global trends, it's not only cryptocurrency that become the center of the world but the whole digital payment or cashless society. Everywhere want to be cashless and bitcoin happen to be part of this so called "cashless society".

Going cashless will crypto currencies not be new thing because people are already into plastic money and this is the reason they did not find much problem in making transactions with bitcoin other digital currencies. Those countries who want to rule world market like china, USA etc. they will definitely resist this change to bits but if general public wants it, and they cannot do it for so long.

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Countries their own coin could actually even be the reason why bitcoin is dropping. Think about it, if there was a stable coin that is backed by the government of USA, don't you think many many people would use it? I mean globally that would be the simplest way of transacting money via blockchain and we could send and receive dollars staying anon and paying very tiny amounts and basically just disregard all banks.

Now, I am not saying they will do something like that but there are more and more nations caring about the blockchain world and that means maybe one day they might do it in the future and that might make bitcoins adoption rate drop to negatives, instead of getting people into bitcoin we might be seeing people going out of bitcoin which is a big problem.

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It's not any special for me when I don't see the name of China in this list, I believe China is one of the vital countries in this cryptocurrency world because their president has announced that the blockchain system is very potential for the future purpose so they are going to make something special in this system, rather than China, you can't complete anything in the technical world because China is the most dominant country in this section. After China, Japan is the country that is very special in Bitcoin and Cryptocurrency.

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Quote from: bettercrypto on December 13, 2019, 11:29:19 PM

I think the reason why the OP did not include China to the list is because it acquires bitcoin as well as cryptocurrency several years ago. It just denied and banned it for couple of times due to their own reason. Maybe, it is economically worst for them that time or they are checking its usage or it just want to manipulate the market. But one thing I know, cryptocurrency becomes the center of global trends right now.

China only state to utilizes blockchain and they are still prohibiting any cryptocurrencies which is understandable if this whole topic doesn't include China and speaking about global trends, it's not only cryptocurrency that become the center of the world but the whole digital payment or cashless society. Everywhere want to be cashless and bitcoin happen to be part of this so called "cashless society".

bettercrypto

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Quote from: bitsurfer2014 on November 28, 2019, 05:40:32 AM

I was surprised why China wasn't included on that article considering the amount of news we've digested on the past several weeks about its state back cryptocurrency!

Now I'm eager to see on what will transpire on each country's crypto development. Will it ignite a so called global crypto race among bigger and influential countries in the likes of USA, Germany, France, etc.? And what will be its effects on global economy?

I think the reason why the OP did not include China to the list is because it acquires bitcoin as well as cryptocurrency several years ago. It just denied and banned it for couple of times due to their own reason. Maybe, it is economically worst for them that time or they are checking its usage or it just want to manipulate the market. But one thing I know, cryptocurrency becomes the center of global trends right now.

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Quote from: Waterfull446 on December 13, 2019, 05:03:24 PM

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Adaptation of cryptocurrencies is a matter of time. Now Europe has supported the digital banking revolution, and Italy generally wants people to switch to cashless payments. Banks will soon launch their CBDC currencies. In addition, Switzerland, as the most banking country, has already approved several digital currencies. And although private companies have more opportunities for experimentation in the financial sector, it seems to me that central banks will not stand aside

Regulation can be long only because of the large number of departments that defend each of their positions. Crypto could erase boundaries and allow society to move towards global governance. But now all countries have too many personal interests, although the future of financial markets still depends on digital currencies.

It is beneficial for banks to adapt cybersecurity and privacy technologies to improve financial processes even within the bank itself. Of course, we cannot transfer to cryptocurrencies as fast as we would like. But with a good information policy, you can prepare your business for a new type of money, after which people will more actively use digital currencies.

Of course, the first crypto revolution launches a business. All the same, there are specialists who have a good financial education. But to solve the problem of lack of education among the population, the taкlimaкan platform helps, where anyone can take courses on working with cryptocurrency. Central banks will gradually expand the number of cryptocurrency services and come to the issue of their own coins.

Yes, many have already agreed what crypto they need, but stable coins from central banks are still in question. Of course, China has its own perspectives, but its policy itself is more uniform than decentralized.

If always testing with legal using bitcoin as currency payment when adopting in real transaction become become digital currency payment, not tired with always testing again with bitcoin and altcoin. Have completed become bitcoin as legal currency payment for the future and give opportunity how feature by using bitcoin as legal currency for every country and costumer.

Waterfull446

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Adaptation of cryptocurrencies is a matter of time. Now Europe has supported the digital banking revolution, and Italy generally wants people to switch to cashless payments. Banks will soon launch their CBDC currencies. In addition, Switzerland, as the most banking country, has already approved several digital currencies. And although private companies have more opportunities for experimentation in the financial sector, it seems to me that central banks will not stand aside

Regulation can be long only because of the large number of departments that defend each of their positions. Crypto could erase boundaries and allow society to move towards global governance. But now all countries have too many personal interests, although the future of financial markets still depends on digital currencies.

It is beneficial for banks to adapt cybersecurity and privacy technologies to improve financial processes even within the bank itself. Of course, we cannot transfer to cryptocurrencies as fast as we would like. But with a good information policy, you can prepare your business for a new type of money, after which people will more actively use digital currencies.

Of course, the first crypto revolution launches a business. All the same, there are specialists who have a good financial education. But to solve the problem of lack of education among the population, the taкlimaкan platform helps, where anyone can take courses on working with cryptocurrency. Central banks will gradually expand the number of cryptocurrency services and come to the issue of their own coins.

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Quote from: zhekinsp on November 29, 2019, 07:51:20 AM

When a crypto currency backed by assets in government then its just the replica of currency fiat money system there will be no transparency on how these things getting value.But they are considering cryptos that will be the only positive but what if they ban all the decentralized cryptos and made their own digital currency as only legality of payments? Will make decentralized future into a big question.

The government aims to create its fiat currency in the form of digital (1:1) based on blockchain technology, you know, blockchain is a good way for transparency.
It's more convenient to carry a card rather than a bunch of cash in your wallet, but the system has to be secure (hacker-proof) to avoid fraud activities.
A country's fiat currency is a centralized business, if you want a decentralized one; bitcoin.

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Quote from: FairUser on December 13, 2019, 08:38:13 AM

I think you should add China to this list, after a ban since 2017, China is now focusing on preparing to launch cryptocurrency assets. It is a great action from this country, it will help the market grow if it launches successfully. It is likely that 2020 will be a great year for this market when a series of major countries around the world launch cryptocurrency.

Today one of the good investment today is using cryptocurrency because the price of it is volatile that every time change, the value changes too, and the government see how does the blockchain can change their improvement in their country. One of the biggest countries adapts the use of cryptocurrency, is China, China has a lot of people that if they learn how does the cryptocurrency work it has a large impact in the market, and also their president supports the use of it to make their transaction more straightforward and less hassle in payment. If the other country sees the changes for the next coming year, they will adopt this too and help the community of the cryptocurrency.

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I think you should add China to this list, after a ban since 2017, China is now focusing on preparing to launch cryptocurrency assets. It is a great action from this country, it will help the market grow if it launches successfully. It is likely that 2020 will be a great year for this market when a series of major countries around the world launch cryptocurrency.

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Quote from: S4VV4S on December 12, 2019, 04:16:34 AM

Yeah, we will see in the next year there will be many countries will make their own Crypto, this is because they already know how great the Blockchain system. In addition to the countries you have mentioned above, there are also countries that have legalized Cryptocurrency as a legal currency in their country, China. Yeah I'm sure there will be many countries that will follow China.

But there are some countries that still think that bitcoin is bad for their economy and not consistent. Not consistent is true but Bad for economy, I think not. Bitcoin can help your economy grow, by this many people in your country will use digital money without hassle.

Although there are some countries who consider bitcoin as a currency, I hope that adopt on it and understand how bitcoin works.

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Quote from: bobitza on December 12, 2019, 04:36:42 AM

In the current era of technology 4.0, many countries are using digital assets. I think this is also a new test. Making payment via bank will be easier and faster. But for now, digital currencies are plummeting. What to do to make the digital money position.

We can't said plummeting in digital currencies. Because stable coins and volatile coins are available in the market so those are don't like profit, they will hold USDT or some other stable coins. But reality peoples thoughts are make money shortly so they pic some worst tokens or altcoins they feel later. We know Bitcoin and top altcoins are growing again so those are want profit just invest and wait for next bull run. I hope some countries already start the cryptocurrencies so hope it will raise slowly on entire world.

Topic: Countries testing digital assets in 2020 - page 4. (Read 1689 times)