These countries are testing digital assets, or to be more specific, blockchain for years. Of course we cant see everything they do, or to hear for that, we know about rumors that big countries are buying bitcoin for years for different purposes, to be strong in the future, or to have for some ransom if they need to.
On this list, and in general, strong nations are implementing blockchain at some low levels, probably its the way for them to test it. Its a trend among strong countries, and I believe in one moment all other countries will start to follow, its a road to mass adoption.
Topic: Countries testing digital assets in 2020 - page 5. (Read 1689 times)
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.
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.
You forgot to mention China, there have been a lot of news that they will be releasing their own cryptocurrency any time from now. News has it that the move by China to create a cryptocurrency was inspired by the Facebook Libra.
Unfortunately for Libra, their plans didn't work out due to skeptical regulators and some key partners (PayPal and eBay) in the Libra association have pulled out. But I strongly believe that they can still work it out after they have settled with the regulators. They still have other big names on their side: PayU, Uber, Spotify, Vodafone, etc. This time around China is ahead of them and will soon be releasing their own cryptocurrency.
China have been legal using bitcoin as currency payment before and they don't need to test digital assets in 2020, maybe Russia have been issues last two years become country will legal using bitcoin as currency digital payment. How ever Russia become competitor for United State and never use USD as their payment transaction for other country and interesting use bitcoin as digital currency. Unfortunately for Libra, their plans didn't work out due to skeptical regulators and some key partners (PayPal and eBay) in the Libra association have pulled out. But I strongly believe that they can still work it out after they have settled with the regulators. They still have other big names on their side: PayU, Uber, Spotify, Vodafone, etc. This time around China is ahead of them and will soon be releasing their own cryptocurrency.
You forgot to mention China, there have been a lot of news that they will be releasing their own cryptocurrency any time from now. News has it that the move by China to create a cryptocurrency was inspired by the Facebook Libra.
Unfortunately for Libra, their plans didn't work out due to skeptical regulators and some key partners (PayPal and eBay) in the Libra association have pulled out. But I strongly believe that they can still work it out after they have settled with the regulators. They still have other big names on their side: PayU, Uber, Spotify, Vodafone, etc. This time around China is ahead of them and will soon be releasing their own cryptocurrency.
China become big country have testing payment using digital currency, they have try and adoption for every transaction using digital payment like PayPal, eBay and now want to adopt using bitcoin as legal currency, war trade with United State make China never use USD for every transaction selling their product out country and keep using digital as payment transaction. Unfortunately for Libra, their plans didn't work out due to skeptical regulators and some key partners (PayPal and eBay) in the Libra association have pulled out. But I strongly believe that they can still work it out after they have settled with the regulators. They still have other big names on their side: PayU, Uber, Spotify, Vodafone, etc. This time around China is ahead of them and will soon be releasing their own cryptocurrency.
You forgot to mention China, there have been a lot of news that they will be releasing their own cryptocurrency any time from now. News has it that the move by China to create a cryptocurrency was inspired by the Facebook Libra.
Unfortunately for Libra, their plans didn't work out due to skeptical regulators and some key partners (PayPal and eBay) in the Libra association have pulled out. But I strongly believe that they can still work it out after they have settled with the regulators. They still have other big names on their side: PayU, Uber, Spotify, Vodafone, etc. This time around China is ahead of them and will soon be releasing their own cryptocurrency.
Unfortunately for Libra, their plans didn't work out due to skeptical regulators and some key partners (PayPal and eBay) in the Libra association have pulled out. But I strongly believe that they can still work it out after they have settled with the regulators. They still have other big names on their side: PayU, Uber, Spotify, Vodafone, etc. This time around China is ahead of them and will soon be releasing their own cryptocurrency.
I was also very surprised that China is not in list but after reading too many posts about this now feeling they are already too much ahead so they not need to be in this list but still op missing few countries those now understanding this technology and its effects which are helping to create too many good ways for humanity as Germany, New Zealand already giving too many soft policies for this crypto world hopefully we will have some more in near future.
China, Russia, and Japan will be the countries that have the best blockchain technology, I don't know about the United States, it seems like they have no interest here
Digital Assets are still not considered to form part of the mainstream, but things are changing. More and more governments are recognizing the potential of blockchain and cryptocurrency technology, and implementing their own coins. We’ll be taking a look at all of the countries testing digital assets in 2020, and where this technology could take us.
Dubai
Dubai announced their cryptocurrency Emcash in 2017 - which became the world’s first state-backed digital asset. Emcash tokens run on a native blockchain, which will officially be implemented in 2020. This blockchain will be used for government and non-government services, including paying school fees, utility charges, and money transfers.
Russia
Russia has also shared it’s interest in creating a government cryptocurrency called Cryptoruble. Announced by President Vladimir Putin in 2017, the cryptocurrency will be linked to Russia’s Central Bank. The coin is currently still in development.
Not doubting the credibility of your message but i guess the whole community in here would be glad to have some references regarding all these positive developments. However, i think most countries would follow as well but none of them have decided to adopt bitcoin, ethereum or any of the major cryptocurrencies. That seems kind of a worry in someway you know. I mean if this happens don't you think holding bitcoin and other coins will be worthless?Dubai
Dubai announced their cryptocurrency Emcash in 2017 - which became the world’s first state-backed digital asset. Emcash tokens run on a native blockchain, which will officially be implemented in 2020. This blockchain will be used for government and non-government services, including paying school fees, utility charges, and money transfers.
Russia
Russia has also shared it’s interest in creating a government cryptocurrency called Cryptoruble. Announced by President Vladimir Putin in 2017, the cryptocurrency will be linked to Russia’s Central Bank. The coin is currently still in development.
if the country has its own crypto currency is good, because Bitcoin will always be there and demanded by everyone
Every country has its own law and should follow the rules and regulations across the country. Here in our country crypto currency is legal in which bitcoin can be use for the transaction but it will still depends the availability of stores. Basically, bitcoin can be converted to our own fiat just to have an easy and smooth transaction and can be also accessible through any remittance here in our place.
Digital Assets are still not considered to form part of the mainstream, but things are changing. More and more governments are recognizing the potential of blockchain and cryptocurrency technology, and implementing their own coins. We’ll be taking a look at all of the countries testing digital assets in 2020, and where this technology could take us.
Dubai
Dubai announced their cryptocurrency Emcash in 2017 - which became the world’s first state-backed digital asset. Emcash tokens run on a native blockchain, which will officially be implemented in 2020. This blockchain will be used for government and non-government services, including paying school fees, utility charges, and money transfers.
Russia
Russia has also shared it’s interest in creating a government cryptocurrency called Cryptoruble. Announced by President Vladimir Putin in 2017, the cryptocurrency will be linked to Russia’s Central Bank. The coin is currently still in development.
Not doubting the credibility of your message but i guess the whole community in here would be glad to have some references regarding all these positive developments. However, i think most countries would follow as well but none of them have decided to adopt bitcoin, ethereum or any of the major cryptocurrencies. That seems kind of a worry in someway you know. I mean if this happens don't you think holding bitcoin and other coins will be worthless?Dubai
Dubai announced their cryptocurrency Emcash in 2017 - which became the world’s first state-backed digital asset. Emcash tokens run on a native blockchain, which will officially be implemented in 2020. This blockchain will be used for government and non-government services, including paying school fees, utility charges, and money transfers.
Russia
Russia has also shared it’s interest in creating a government cryptocurrency called Cryptoruble. Announced by President Vladimir Putin in 2017, the cryptocurrency will be linked to Russia’s Central Bank. The coin is currently still in development.
if the country has its own crypto currency is good, because Bitcoin will always be there and demanded by everyone
Digital Assets are still not considered to form part of the mainstream, but things are changing. More and more governments are recognizing the potential of blockchain and cryptocurrency technology, and implementing their own coins. We’ll be taking a look at all of the countries testing digital assets in 2020, and where this technology could take us.
Dubai
Dubai announced their cryptocurrency Emcash in 2017 - which became the world’s first state-backed digital asset. Emcash tokens run on a native blockchain, which will officially be implemented in 2020. This blockchain will be used for government and non-government services, including paying school fees, utility charges, and money transfers.
Russia
Russia has also shared it’s interest in creating a government cryptocurrency called Cryptoruble. Announced by President Vladimir Putin in 2017, the cryptocurrency will be linked to Russia’s Central Bank. The coin is currently still in development.
Not doubting the credibility of your message but i guess the whole community in here would be glad to have some references regarding all these positive developments. However, i think most countries would follow as well but none of them have decided to adopt bitcoin, ethereum or any of the major cryptocurrencies. That seems kind of a worry in someway you know. I mean if this happens don't you think holding bitcoin and other coins will be worthless? Dubai
Dubai announced their cryptocurrency Emcash in 2017 - which became the world’s first state-backed digital asset. Emcash tokens run on a native blockchain, which will officially be implemented in 2020. This blockchain will be used for government and non-government services, including paying school fees, utility charges, and money transfers.
Russia
Russia has also shared it’s interest in creating a government cryptocurrency called Cryptoruble. Announced by President Vladimir Putin in 2017, the cryptocurrency will be linked to Russia’s Central Bank. The coin is currently still in development.
Cryptocurrencies issued by the central bank are unlikely to appeal to investors. Because if they like oil or gold they just need to buy the stock of companies, if they like the currency of a country they just buy and hold that currency. People have almost no reason to buy a cryptocurrency of an issuing country. In the case of a coin guaranteed by oil or gold, when I have one, how can I exchange that coin for oil?
Besides, if a coin is issued by the government, does the person who wants to own the coin need to declare his / her identity when he wants to own it? If identity is mandatory, there are few people willing to invest.
Besides, if a coin is issued by the government, does the person who wants to own the coin need to declare his / her identity when he wants to own it? If identity is mandatory, there are few people willing to invest.
I was also very surprised that China is not in list but after reading too many posts about this now feeling they are already too much ahead so they not need to be in this list but still op missing few countries those now understanding this technology and its effects which are helping to create too many good ways for humanity as Germany, New Zealand already giving too many soft policies for this crypto world hopefully we will have some more in near future.
China, Russia, and Japan will be the countries that have the best blockchain technology, I don't know about the United States, it seems like they have no interest here
Don't say that as they made it.
These countries are developing the said technology. China as the leading country on these developments are making a noise on the internet and I hope other countries will join in on this as well. Blockchain technology doesn't always sit on cryptocurrencies, it can be used to other things as well.
Looks like your post is a bit outdated. For example, Russia want to ban crypto instead to create own
I don't like cryptocurrencies issued by governments, cryptocurrencies are popular because it's decentralized and anonymous. If a currency was issued by a government it was no different from Fiat currency. In fact, Venezuela once issued their currency and that coin was certified by oil but it eventually encountered a disastrous failure.
yes I am also surprised, even though China is estimated to be the largest market holder in crypto.
and also Germany has adopted crypto, has been approved by banks and the local government.
it will certainly have an impact on the economy, such as the trade war between China and the US now those who adopt crypto may have an additional effect.
and also Germany has adopted crypto, has been approved by banks and the local government.
it will certainly have an impact on the economy, such as the trade war between China and the US now those who adopt crypto may have an additional effect.
Undoubtedly, it is very good that many countries are testing the use of cryptocurrencies,but it seems to me that no country will refuse to completely abandon Fiat money.Only stablecoins supported by national currencies have one chance.In the rest, due to the volatility, many countries will not officially want to work with any cryptocurrency on the market.
I agree. Most of the countries who are now trying the world of cryptocurrency are now going to make their own version of a cryptocurrency since the traditional or the most of the cryptocurrencies that we have here in the internet is so volatile which is not perfect for a country because it will have a huge effect on the progress of the economy.The progress in economy in a certain country will have minimal or even zero connection with the government trying to create their own or adopt an operating cryptocurrency. If the economic progress of countries will rely on their decision whether to adopt cryptocurrency or not then we would already have seen majority of the countries jumping into it. But right now how many countries are there that even considered coming up with their own or making use of the topmost cryptocurrencies in the market today? There is almost none.
Undoubtedly, it is very good that many countries are testing the use of cryptocurrencies,but it seems to me that no country will refuse to completely abandon Fiat money.Only stablecoins supported by national currencies have one chance.In the rest, due to the volatility, many countries will not officially want to work with any cryptocurrency on the market.
I agree. Most of the countries who are now trying the world of cryptocurrency are now going to make their own version of a cryptocurrency since the traditional or the most of the cryptocurrencies that we have here in the internet is so volatile which is not perfect for a country because it will have a huge effect on the progress of the economy. 
China, Russia, and Japan will be the countries that have the best blockchain technology,
I don't know about the United States, it seems like they have no interest here
I do not want to speculate, but if China and Russia issue legitimately and even use their own country's cryptocurrency then the United States will not remain silent, they will surely make their own cryptocurrency for fear of being left behind by these two countries that are eternal rivals of the US.I don't know about the United States, it seems like they have no interest here
For China now, they have legitimately issued their own cryptocurrency. But I think the United States still insists on opposing the existence of cryptocurrency, although they will have to make sure it will be centralized, but this is still not possible in my opinion.
The United States is a country that does not approve the existence of crypto openly, especially D.Trump was able to make an extraordinary FUD yesterday.
Well, in reality, many countries want to implement this Blockchain technology, we cannot forget Spain that has implemented the technology in many processes seeking its optimization, they have been doing great, initially Venezuela wanted to do it through a cryptocurrency, but it turns out that no It came out as they wanted, because it has many flaws and was classified as scam, perhaps because it was launched by a government that does not have any type of reliability.
However, the US will not launch its digital dollar in at least 5 years, according to them they do not need it for now, but if they support Libra in a discreet way if it does things well in legal financial terms, remember that Mark in one of His statements said he was going to boost the US economy through cryptocurrency, and therefore triggered fear in China, as it is not included in its stablecoin as a backup, which will emerge as a possible increase in the hegemony of the dollar in the world.
In this article they talk about it: https://cointelegraph.com/news/steven-mnuchin-does-not-expect-us-to-issue-digital-dollar-in-next-5-years
Undoubtedly, it is very good that many countries are testing the use of cryptocurrencies,but it seems to me that no country will refuse to completely abandon Fiat money.Only stablecoins supported by national currencies have one chance.In the rest, due to the volatility, many countries will not officially want to work with any cryptocurrency on the market.
whooa, i wanna live in that country. wsnns touch, how it feel, to live with bitcoin everyday. actually i already live with digital fiat, i use all of digital money service in daily, but crypto still cant be reach. unfortunate if in some country ban or not use all of service about crypto
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