Topic: Countries testing digital assets in 2020 - page 8. (Read 1689 times)

Japan is a progressive country and they are willing to experiment with the financial sector and so is the reason they started accepting bitcoin while the rest of the countries were confused on what to do with the new technology and the market. The blockchain technology will be implemented in most countries because the use case is vast and they will be implementing to improve the infrastructure.

I think the interest got higher because they realized there are tons of people who could invest in global tokens or currencies from everywhere in the world. So, Russia knows that they could make a digital currency that means nothing and worths zero but could get millions of dollars for it, maybe even billions. Which is why they are looking into it and nothing else.

However, some of the other countries like Japan for example is doing it because they want to see their country develop into something better, they are not a ruthless capitalist country, they do have a very high standard of living and cost of living but they do have a very tiny unemployment as well so they want to improve the finance world to the level of their own with digital currency implementation.

There are more scams in the market which are taking place and there are some people who are fighting against them, there are millions of people who are not aware of everything and they are the targets, if a government will regulate the market then you will not see many scams and ponzi in the market because everyone will be aware of the scams.

I have seen the potential growth of crypto here in our country too especially now that they 'hyip' scam becomes minimal as people  has been more aware or it and more become vigilant, and that they already learned their lesson from those past experience of other people, and our government is now open to  make crypto legal and open for public.

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.

Those are just future plans on their country, so we better wait for the results. Furthermore we can't say a counter reactions that contradicts to that, but the most important is we know what's their capability to meet the future developments on these countries.
I can really see more positive effect if this will be totally incorporated to the planned adoption, so let's see what will happen next.

I guess the reason why China was mentioned is because current on protest in Hong Kong which I believe happened because the people demanded democratic restructure , creation of independent investigation body for police violence/cheat, and a fair voting system. Therefore, if the protest continue the creation of the national crypto may not happen.

The national crypto currency which was planned by the countries mentioned above will definitely trigger a global crypto race cause every governments have a bodies which propose was to study and make depth research about blockchain and crypto benefits.

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.

this can be very good news, I see a large country like dubai which has begun to try to implement payments using cryptocurrency can have a very good influence on the movement of cryptocurrency prices at the exchange place will be expensive because it will increase demand, hopefully more countries will start using cryptocurrency as one of the best transactions.

Not really fascinated but they just don't want to miss out the technology and want to test it themselves to find out whether the technology deserves to be adopted or not and currently they are doing experimental to the blockchain system. even big companies like samsung seems doing a research and says that blockchain could be effective and beneficial for election to further the democracy as well as efficient remmitances.

But there are still many flaws that haven't been found yet so we will figure it out in no time if the pace is getting faster.

Wonderful if have country want testing digital assest in 2020 because give chance for bitcoin and altcoin become legal currency payment transaction, they have give opportunities hot to use bitcoin as currency and investment assets. Got respond I think from their people where many country want to test bitcoin as digital assets in 2020 and could increase their economic crisis at the future.

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.

Been looking for the inclusion of China too because of the news that were reported few days ago about them.

I guess USA is already in but due to the stricter regulations they are implementing, it seem that projects starting on that country are being filtered and monitored hardly.

Cant see Estonia in the list. They were on of the first who accepted and support cryptocurrency.
As well as where the hell is China ? China wants to bring blockchain to national level.

Blockchain does have a WOW effect in all parts of the world.

After the price skyrocketed at the end of 2017, industrial changes due to Blockchain technology have increasingly accelerated, particularly the financial and banking industries. The massive use of digital currencies will make financial institutions and governments predicted to be disrupted if they cannot innovate.

The world of cryptocurrency is very volatile and dynamic. Bitcoin is predicted to be an investment in Gold (Gold 2.0), which will be widely used for storing assets other than as a digital currency used for internet transactions. Along with the increasingly high phenomenon of adoption of digital currencies in various regions, it is likely that this digital currency will be widely used for business transactions without territory and time limit. this phenomenon will change the conventional business and industrial models that are firmly rooted before.

Responding to the emergence of bitcoin, governments in various countries have a diverse attitude. Starting from the open, half controlling, controlling, to prohibit. But of all the governments in the world, there is one similar attitude, namely that no one recognizes bitcoin as a legal tender (legal tender). So in any country, no one considers bitcoin as an official currency.

If previously the government had been waiting and seeing towards technology, financial technology. now the government chooses a "test and learn" attitude. Together with actors and other parties test and conduct experiments on the development of technological innovation in the financial sector. This is the government's new paradigm in responding to the digital age.

Looking ahead, technological development is inevitable and cannot be dammed, including in the financial sector. The growth of bitcoin, or cryptocurrency, going forward is difficult to predict. But governments in any country act as guardians of stability and protect their citizens. So, as in many countries, the prohibition of bitcoin is one step to maintain stability. But that does not mean that the government is closed to innovation, because in many cases, including the government is trying to balance risk factors with efforts to develop innovation. So that stable coins appear in each country.

With such a hot topic and its wide scope, I guess it would be ideal if the publisher of that article could have at least mentioned China being in the limelight for the past several months now with regards on its plan to roll out a state backed cryptocurrency so that it would appear more comprehensive.


I beg to disagree. The article was just published 2 days ago that I can't understand why China's plans were never discussed since that news was consistent at the headlines of every crypto news sites.


Correct! Of all the countries mentioned on that article, none of which was ever consistent on its media propaganda on announcing its national cryptocurrency plans except China.


I cannot say China hate cryptocurrencies when in fact they had deliberately announced their plans to adopt a new state backed cryptocurrency and the report on the shutdown of local exchanges, if its true, could very well indicate a preparation for staging its planned crypto roll out.


I am not very sure of what will happen next if those plans pushes through but I would assume there will be some kind of unforeseen issues that may occur to it or maybe some economic side effects could arise with it. So lets wait and see.

They hate BTC, not crypto. They bloody hate anything they can't or don't have control of. Whyd you think Baidu came into existence.

Success isn't simply about planning or partaking into joining the big countries with their stable coin shenanigans. Adoption of third world countries of crypto is great and all, but I'd rather them concentrate develop on the MOST needed aspects of their current countries. I see no need for them to fight with other big countries.

What is so surprising about it, they hate cryptocurrency and they had shut down all the local exchanges in their country, automatically, they would not be included in the list.


The effect of it would be simple, if it's going to be successful where big countries you've mentioned fully implanted the use of cryptocurrency, I am sure third world countries would also do the same to improve their economies as well.

Maybe because they are already listed on those countries who adopted the cryptocurrency already, while countries above are new to enter this cryptoindustry this might really effect the crypto market because those are the countries that can have a huge effect to others.

I do too, guess China will clean their state before initiating this. Last week I've read a news that China is hunting down illegal registered exchanges and frauds that uses cryptocurrency, sadly BISS exchange were forcely closed due to conflict with China's control regulation along with 30 local exchanges. Maybe after a few months China will launch its own blockchain, we know Xi Jinping is eyeing on blockchain since then.
Cryptocurrency will have a vital role in our financial system, that's for sure. USA, China with European countries will lead this innovation, Google, IBM and Microsoft will provide the necessities. But definitely future challenges will not be easy especially with security and economic aspect. Bitcoin or new coin? What do you think what will it be ?