Estonia (read more
here)
The Baltic nation wants to become a truly digital nation, and they are well on their way to being one with following features:
1.
E-Health (Estonia became the first country in the world to incorporate the
Blockchain into their healthcare system. Every Estonian has their health record digitized and stored on a Blockchain)
2.
KSI (All the governmental records will be stored in the Blockchain which will make them completely tamper-proof)
3. Along with this, Estonia is also planning to develop its
government-backed cryptocurrency called “Estcoin” with the help of Ethereum co-founder Vitalik Buterin.
Singapore (read more
here)
With a long history of being a startup favorite, Singapore extends its welcoming policies to Blockchain companies.
1.
Startup hub (Singapore has always been a startup favorite for a variety of reasons such as: Tax-friendly rules, Light-touch regulation, State funding) Singapore has seriously stepped up to the plate when it comes to Blockchain adoption. The Monetary Authority of Singapore (MAS), Singapore’s central bank, set aside $219 mln purely for the development of fintech projects and applications in 2017 alone.
2.
National currency token (The Monetary Authority of Singapore (MAS) rolled out Project Ubin which saw the Singapore dollar get tokenized and made available on the Ethereum Blockchain)
3.
Smart regulation (In August 2017 MAS declared that they will bring in some form of ICO regulation. While they will not regulate all ICOs, they will regulate an ICO if it behaves like a stock or a security and falls under Singapore’s Securities and Futures Act. Along with ICOs, MAS will also regulate exchanges and any other intermediary services)
Japan (read more
here)
Japan’s stagnating economy contributed to fierce competition on Japanese cryptocurrency exchanges, creating a strong crypto market that is encouraged by supportive legislation. In addition, widespread Bitcoin acceptance and development of alternative currencies like Cardano make Japan one of the world leaders in Blockchain technology adoption.
1.
Friendly jurisdiction (April 2017, the Japanese government enacted the Virtual Currency Act which provided the following:
A. Bitcoin will be considered a legal payment method.
B. Virtual currency exchanges will be regulated.
C. A tax reform was also issued separately which removed a consumption tax. This was stopping foreign investors from buying Bitcoins in Japan’s market.
2.
Competitive exchanges (competition between Japanese exchanges is so fierce that most of them are not charging any fees at all. Some have even implemented negative fees just to get a higher trading volume)
What countries do you guys think are also worth to mention and why?
