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don't u find it weird? The less eveloped counties support blockchain implementation the most? what is the reason? possibility to earn or to steal?

Link to the article: https://ambcrypto.com/indonesia-russia-philippines-and-india-among-countries-whose-citizens-actively-support-budding-crypto-projects/

I can tell you why crypto is so popular in Russia

Don't know about Indonesia (but the same reasons can apply there as well), but in Russia people are very suspicious of the local government (deep inside) up to a point where they can publicly tell you one thing (e.g. that they fully support whatever the government does) but in reality they definitely know better (read, they don't trust the Russian ruble). And crypto happens to efficiently and effectively end the government control over personal finance enforced via inflation and a multitude of other nasty devices (given the rich history of fiat devaluations and money expropriations in this country)

Might want to really differentiate betwixt crypto and blockchain. The former typically uses blockchain but you'd be surprised how many actually don't these days, not in the traditional DLT sense anyway. The latter almost certainly doesn't automatically mean crypto.

Plenty of blockchain solutions being trialled in these countries, and they're hardly ever associated with actual use of any crypto.

These countries shouldn't come as a surprise. They've been very tech friendly. Gotta be to compete.

They are just getting too much buzz. Though they are one of the largest countries by population and policies made by them would have immense effect in comparison to smaller countries, a lot of small countries in Europe and some in Asia like Hong Kong, Singapore, Taiwan and South Korea are much more friendly to crypto.

Quote from the linked article: "In a shocking revelation, the report suggested that most active participants in the emergence of new crypto-projects (within airdrop, bounty and referral programs) were from Indonesia at 18%, followed by Russia at 16%."

I don't think taking part in airdrops, bounties, and referral programs is necessarily synonymous with "supporting" crypto.. obviously these countries has the most airdrop/bounty activity, simply because most of the countries listed are 3rd world countries.

The survey was performed by Even Foundation, and as far as I can interpret, the survey participants are tied to participating in the promotion of their ICO:
Their target audience is therefore not empirical, and has a biased view of those nationals that participated in the social tasks surrounding their ICO. For multiple reasons, that does not necessarily (and not even likely) render a disperse group of participants, representative of a global trend or distribution. Aside from that, the number of respondents was 436. Again, a low-ed value to derive conclusions.

Even so, the base article references “actively support budding crypto-projects” as the focus of their study, but “supporting crypto the most” is a superset, thus we are taking part for the whole, and concluding wrongly what the survey actually states.

I would not be surprised that there are a large number of cryptocurrency owners in Indonesia, Russia, India and other developing countries. Digital assets are not yet taxed, and are not prohibited, so that users can fear the impact of inflation on their savings. In addition, possession of tokens does not mean their big purchase. Many users get their share of cryptocurrency thanks to bounty campaigns.

first of all you should never waste your time reading stuff that these shitty news sites keep publishing, it only misleads you by giving you false information like this case. the article is basically seeing some newbies who have participated in some of the giveaways and ICO scams and based on that he is concluding that the mentioned countries have a higher "support" for cryptocurrency! which makes no sense. not to mention that there is no explanation of how he came up with the numbers either.

When the political and economic situation in the country creates restrictions to improve the financial condition of a person, he looks for ways to achieve this elsewhere. And in this regard, cryptocurrencies look promising, thanks to the protection of the owner’s identity and low transaction costs. Residents in developed countries have a higher standard of living, so they can be investors in large volumes, and not just try to somehow keep their wallet from financial ruin.

So in short the most airdrop participants were form Indonesia, Russia and Pillipines. Headline is misleading and serving as clickbait. What a suprise

"Activly supporting crypto projects" means participating in airdrop - nice to know

      Philippines was included as potential market for crypto, maybe because there's plenty of gamblers in Philippines and they are using BTC or ETH and beside of that information , there's many bounty hunters in the Philippines which we paid by Erc 20 tokens

Possession of tokens often does not shift to more profitable types of activity like trading. The main stream of people receiving cryptocurrency through the bounty, does it for short-term profit. They do not study trading strategies and are not very passionate about analytics, although investing is not so difficult to learn and the taklimakan platform is useful for improving their knowledge of cryptocurrency and trading.

Cryptocurrencies as a means for microloans and small investments are suitable for many people. And it is a pity that not all countries are so actively implementing services that are able to work with cryptocurrency. After all, it should not be the lot of the chosen people. Digital assets are a new way of saving and additional income, which is especially important when there are no clear guarantees for the economic security of your fiat funds in the country.

What opportunities cryptocurrencies give people are not fully appreciated by the state. While people, especially when they have to work abroad to provide for their family at home, are beginning to use cryptocurrency more. For Russia, this may be particularly specific. Because of the sanctions, some translation services set too much a translation price. And only cryptocurrencies do not limit

It good to see some article wrote about cryptocurrencies adoption and support but the information in the article seems 90% accurate because half of India supports the use of crypto why some part was against crypto because of the different ethnic group they have in India.But, the remaining countries are crypto friendly.

to answer this question you need to go in these two sections

Announcements (Altcoins) (https://bitcointalk.org/index.php?board=159.0)

Tokens (Altcoins) (https://bitcointalk.org/index.php?board=240.0)

read for a few minutes and then go to that section:  Scam Accusations (https://bitcointalk.org/index.php?board=83.0)

see what countries are the creators of these projects and what have been the success and failure of these projects. You will have the answer to your question.

you correctly wrote "less developed countries" the standard of living in these countries is different and most people want to earn money on cryptocurrency, maybe even live on these funds.

We can't deny that most of the people coming from those countries are considering crypto as the main source of income and their government leaders give the support cause they know that it helps a lot into their people. They don't want to left behind and also to make their life improve. This is a great opportunity why not taking of it?

That is exactly the truth, participation in bounties does not mean that they are supporting crypto, they are from deprived countries and they are taking advantage of the situation where they can earn more money than their annual salaries from their job than the common individual who earn much less than what they earn through mere bounties sitting at home.

I have my doubts on Russia, I don't know if you have followed their Annoucement since 2017, but it seems they're just riding the popularity of crypto, because they seems to contradicts themselves a lot. As far as those two South East Asian country, they have regulations, but I don't see much adoption, except for Philippines coins.ph which is widely used amongst Filipinos. But if you look closely, there are no merchants or restaurants wherein you can spend your bitcoin in that country.

I second this opinion, bounty participation != support
it's wrong to deduce "a country is supporting blockchain implementation"
just from "the sheer number of its citizens participation in airdrops or bounty programs"

they're in it for financial reason, getting paid in crypto as their main source of income
in fact, bitcoin transaction using bitcoin is prohibited in Indonesia eventhough government doesn't ban bitcoin
and as buwaytress said (https://bitcointalk.org/index.php?topic=5157951.msg51585835#msg51585835), we need to differentiate between crypto adoption and blockchain implementation

We can't deny the fact that most of the people from those developing countries our now earning money from crypto and used it as their source of income or their full time job specially those who are knowledgeable by means of trading. Also cryptocurrency is not prohibited from those countries that's why everyone has a freedom to use and earn in crypto without any government regulations to follow.

well they do support blockchain but they do hate cryptocurrency. For example india, in india it will be hard to convert fiat into crypto and vice versa, the goverments event give a punishment for people that are doing activity that related to cryptocurrency and in indonesia crypto regulations are unclear, which you cant use it for transactions but you do can buy it with your own risk.

Not just about gambling and bounty hunting but I guess Philippines is really supportive to cryptocurrency and there’s no law that ban people from owning bitcoin. Philippines is included also because of its growing market, people are realizing now the importance of investing and cryptocurrency is one of the best reason for that. Developing countries is not that small or week, they are growing year by year.

Philippines, there are a lot of adoption going on in the community side of things. As for the government, they remain neutral in the talks of accepting bitcoins and other cryptocurrencies officially on the land, making it somewhat a hard move to own a lot of them and trading with fiat knowing that at any second, they can seize your assets in connection through fraud and money laundering. Also, most of these countries aren't really developing any framework and platforms for cryptocurrencies but are rather participating mostly on airdrops and bounties, making them somewhat on the receiving side of things and not really on the creation side of everything for crypto, and there's a huge difference with that.

Well crypto is very helpful for the economic, the developing countries need the crypto to increase their life, so its not weird to see the enthusiastic from some developing country using crypto, in Indonesia and India the inflation rate is quite bad so they need some investment that could protect their wealth, but India already banning crypto

Less developed countries are doing the right thing, they support bitcoin because it can create jobs, anyone can work and receive bitcoin online, and end result will be more taxes to be collected by the government side. Crypto is not a threat, so why would a certain country be against on it, maybe they are protecting something but for sure it's not for the own good of the majority of the people.

I am happy with the crypto development in our country and I hope more adoption in the coming years.

as a rule of thumb whenever you see an article posted on a website that is new and you haven't heard of it before, you should be 100% sure that it is unreliable and low quality. specially whenever it is being advertised by new rank members although exceptions apply.

in this case this is one of those low quality articles that is mostly imagination of a kid who is getting paid to create these articles so they come up with anything they can put a interesting looking title on it and release it.

indonesia ? what? never even heard anyone talking about crypto there, only reason the gouverment might be intrested is its looking for another way to scam their citizen out of money, that country is extremly corupt and in a free fall pretty much.

I'm not so sure such claim is true. None of these countries doesn't have positive regulation of Bitcoin and didn't include it formaly into society and economy. And supporting blockchain technology, which they do, is completely different from supporting cryptocurrencies so.don't mix these two things. Blockchain as a technology is very wide apllicable, almost in every industry today and more and more governments are aware of that and want.to improve and further develope their economy.
But supporting blockchain and supporting cryptocurrencies are totaly different things, don't forget that.

Wow! Its good to see that time by time, countries all over the world are being part of cryptocurrency. I think Russia is developed country. Though, Philippines is developing country. I think entering of cryptocurrency is not for stealing purposes. Many countries wanted to adapt crypto while others are banning it. Maybe, soon crypto will be supported by many countries. Its just starting.

When they decide to legalize crypto, they have fully aware the risk or the potential on it.
So far , crypto still categorized as criminal or risk investment so it's better to explain it first before people use it,right ?

About 4 states mentioned, they have massive population so it's great opportunity to exposure !

Well, the general point makes sense. When the country's economy is broken, people need to look for something new and hope that it will change things for better. And if you already live in a country where fiat is very stable, bank rates are okay and purchasing power is high, there isn't much motivation to try out something new.
At the same time, I think this article is not objective. The 'research' it's based on has even less than 500 respondents, and what this poll actually shows is how many ICOs and stuff are in the countries, so basically how much scam there is, not implementation. Moreover, all this has nothing to do with these states officially supporting cryptos. In fact, at least India is known for becoming hostile recently.

Japan is a very rich country but they support BTC, I guess these less developed countries are just more open to changes. BTC won't hurt their economy so the only countries going to be shaken when time comes crypto are going to be in the mainstream are the ones highly adapted to credit cards and banks. China seem to be a very rich country but I've talked to Chinese friends which are also in BTC, they say some stores in China are accepting BTC.

They wanted to adopt new system that they've think would help their economy, with crypto having enough attention globally being advance and adopt the system will make you learned deeper and as time passes by more and more benefits will be learned using this payment crypto currency, eventually the market will cater globally and crypto will be learned by most people around.

I am not sure the least developed countries are doing anything to support bitcoin, it is a fact that any new platform will create job opportunities and not everyone can receive money for free, you need to have some skill set to make money as you will not get anything for free. The governments that are against bitcoin and its adoption are countries that are least developed and economically deprived and the reason for the the ban is simply because they cannot understand how to implement a law for a global currency that could benefit them, instead they find excuses to ban them citing illegal activities money laundering and terrorist funding can be made through a public ledger that can be traced.

Right.I think it matters on the people living in it.If they are open more about positive changes that will make their economic more stable,so they will surely grab for it.People living in these countries are also very positive in responding to new technologies so they will really find ways through studying and definitely learn and benefit from it in the long run.

Why so weird? I think that there is no problem with those.
The crypto markets are very popular in some certain countries and those countries are not only the popular countries that support more. Canada, Finland, Belgium are also some countries where they legalize the Bitcoin. They have a great chance for crypto investment and trading. but such as in Indonesia, it is only popular as the investment or trading, but still not legalized as payment method.

Your tittle is misleading it suggest that people and or governments are actively supporting cryptos.

The tittle examines bounty,airdrops and referrals, this is just completely irrelevant. This just shows countries where take time to do these activities and it is worth doing them , they make enough money to e worth while. In other countries it is just not enough.

Russia is known as country with constantly changing their mind on crypto topic and India is considering harsh punishment for crypto usage.

I don't know what it does mean about steal? Blockchain tech doesn't really matter if its being adopted neither on first world or 3rd developing countries.
The thing we are seeing now is that countries do have different jurisdiction or views towards crypto so decisions would really vary.

Perhaps want he mean is that they can take advantage of this technology hence it is a "steal" to those countries. But it is a case to case basis, maybe those developing countries are really looking for anything that will help their economy prosper, thus they support crypto to give their people more options to economic freedom.

Meaning crypto continues to widely mass adoption due to the public demands because they know what crypto important as new currency. Phillipines, Russia, indonessia, india and more other country become crypto lover because of the influence of the four country embrace the crypto.

I can tell that Philippines had supported cryptocurrency but the government remain neutral to this as long as there were no complain in regard to the matter. Now that there are ponzi investment scheme running in our country (I think this is common in every country of a Ponzi investment scheme)  which uses already the block chain in their pay out and pay in system. This will enable them to be discreet and will definitely will be difficult to track down.

What do you think will be the main incentive for the development of free use of encryption algorithms in various fields - concern for the observance of human rights or the need to develop the economy, business?
In my opinion, governments are changing their attitude to encryption, guided primarily by economic considerations. Of course, in matters of encryption, the interests of business and the protection of human rights are, as it were, on one plane. I think that the whole world will be more loyal to cryptography and cryptocurrency!

It is a gradual process of adopting cryptocurrency. We cannot immediately adopt the whole thing in cryptocurrency. Having a wallet that accepts nationwide is a big start for the Philippines. I am happy with the progress in Philippines because we just want to adhere that Philippines is a open country that is ready in innovations in order to impart the trends happening around the globe.

I think this is because most of those countries are looking for other way to earn and spend their time wisely.
It is either those people really wants anonymity and financial freedom or they just wants to earn a lot more easier compare to a regular wage earner.

Probably because they are not developed countries that's why a lot of people are struggling that's why they're looking for something that can help them for their living. And other factor also that can be consider is the government. Just like the Philippines, the government are not strict when it comes to crypto.

As far as I know Russia before if I am not mistaken the first time bitcoin came in to their country, they banned it, correct me if I'm wrong then after a months or year I'm not sure Russian government revoked it, and up to now it is legally regulated to their place also in the Philippines they have already 10 exchange now that accepting Bitcoin also in Indonessia, though I don't know what exchange they have to their country.

we are lucky to have this kind of government. they are too busy yet fixing everything in the country from political issues, government services to local crimes.  crypto is the last thing in the minds of the politicians in the Philippines. but there are crypto companies and communities related to crypto which were growing in numbers. bounty hunting is easy money for anyone with time to spent so whether to earn or steal, we are all in this together.

Actually in India now a days the government is all set on opposing the cryptocurrencies , Bitcoins is banned and the transactions are actually going down since the government banned the buying and selling using the bank accounts.

Well the developing countries wants to experiment anything that will increase their overall threshold and make their economy stronger ; the developed ones doesn't want to disturb their economy.

But still there are some who are developed yet supporting Bitcoins.

more people should be able to support crypto, but maybe the government has not given a positive attitude. so I think this is one of the few countries that have started to support crypto and especially in Asia, maybe more countries should support it

I do believe that Philippines has already establish some platforms to where btc was being utilized as a payment system and the good thing is that platform could save the user from queueing when paying bills. Aside from that it also saves money for it offers 10% return of money when loading service network provider for calls and text. So, many can save through block chain.

I don't like your post about to steal I come from one of these countries and people are adopting Cryptocurrency here because of its technology, the added bonus is we get to work at the comfort of our home doing bounty campaign for these legit companies.

Why did you think about stealing? It's kinda rude if we assume that you mean it. It's very obvious that we are here for the profit since we don't have a good economy rate. In making money, we don't want to be dependent on the government's action so we're here in the decentralized platform to earn profits.

Another reason why people are adopting bitcoin, it's because the technology that is used was so advanced.

Yes, we support bitcoin cryptocurrency here in our country Philippines, because it help a lot of people to get more profit and income when they have a knowledge about cryptocurrency. They can make money by buying coins and sell it whwn the price is good, or joining some Airdrops and bounty campaigns. Or investing money to crypto for bigger chance to earn more money. All people wants to be a millionaire someday.

Or, they are just open to new way of transaction, especially their governments. Besides, the other governments such as the Ph government have regulations regarding crypto. Yes, they are in the third world country but just because they're in the third world country don't mean that they have to adapt last. At least, they have even the slightest knowledge about it. And let's remember that great things start from small beginnings.

Agree, even we're in the third world country, we can easily adapt when it comes to technology so that's the reason why we're in this community. Besides, we're the intellectual ones that knew the whole information about this wonderful technology.  ;)

Yes, we're earning profit here but the priority is the technology.

i agree with Russia. But the others i can't agree.
Indonesia and india not even accepting crypto as legal payment there. from what i know indonesia just netral about cryptocurrency status. 2 of this country make cryptocurrency populer just because they have many population in this world, like happend on china.

Firstly, I don't know what you mean by less developed, but I'll just consider it as a typo.
Secondly, the case in Indonesia is probably because the community is quite solid. They've been there since the first phase. Moreover, with the recent elevation on Bitcoin for the past few years, it just going to make them even more enthusiast. Not to mention the overall population of the people tho.
population. With more than 250 million people, one can't deny that at least some of them might have heard of Bitcoin. Given that the data was obtained by doing online research, obviously one of the highest numbers of internet user will be on the list. Plus, there's Bali (The Bitcoin Island).

Indonesia accepted cryptocurrency by goverment as digital asset investment. this is legal rules for citizen investment cryptocurrency. yes for legal payment, indonesia only accepted own fiat country not other like dollar or bitcoin. all of them under 30th age, young indonesia people very interested cryptocurrency.

i thought russia , india and indonesia were ones reject and restrict cryptos on thier country  ? but i only heard positive news regarding cryptos on the country of the philipines   .


i dont think its a typo because its written correctly  .  less developed means  , they are not yet or not well developed   . but i dont think that the countries that he mentioned are less developed   .  there are infact more countries out there that is less developed but thats not an issue to not adopt crypto  .

I live in developing country and I feel in the side of technology we have been lagging far behind from developed countries. We were always late to adopt/knowing something new related to technology so as our mindset just stuck and only accepted everything that has been popular.

These things are wrong, we can't rely on it because we have a capability to make something new for our country. Other than that, the government has been aware of that and make a decision to try when they find something new related to technology they will regulate it with some considerations.

Yeah, as you may know technology has been changing most aspects especially in the field of economic and this thing which can make my government had a decision to accept cryptocurrencies. There is a lot of start up also who popping up and use blockchain as main purpose, I hope it will grow up.

Probably he is saying developing country, saying 3rd world country or less developed is kinda harsh i guess :D.

Well, Philippines at first were hesitant about cryptocurrency, I read some news about the government warning crypto investors to be cautious in participating in such activity, but then later the government seems to acknowledge Bitcoin as mode of payment and just the previous year  a government institution (CEZA) wanted to take advantage of the current blockchain tech to enhance the country's fintech.   I do not think that government of a developing country accepted cryptocurrency because they wanted to steal, I think they saw the potential of it helping the country's economic growth.

yes maybe the peoples from there have a huge interest to bitcoin and altcoin.
But the governments will not go with crypto.
More chances to get accepted fully in Europe i guess.


regards

There's nothing weird with cryptocurrencies being popular in developing countries, because historically they were booming, so it was a chance to make some good money, maybe even get yourself out of poverty. People here used to tell signature spammers and bounty hunters to find a real job, but in 2016-2017 those activities were easily more profitable than high-paying jobs in developing countries.

But there's also another interesting observation - all those countries have a not bad basic education, younger people know English and Internet connection is widespread and cheap - those factors also contribute to use of cryptocurrencies, if you look at the poorest countries, people don't use as much crypto because they lack some of those things.

The adoption of cryptocurrency in countries mentioned is lovely. I think is quite ok for them  due to their population. At least those unemployed or employed can get themselves involve in bounties to get payed. If other countries can support crypto there will be steady flow of money to eradicate poverty

I agree. Its not yet an intense proof that those following countries mentioned were clearly supporting crypto. May be, it happened by chance that they are both underdeveloped. Although, there are also crypto enthusiast there especially in the Philippines which is a good sign that they are open for the adaption of bitcoin.

I'm at the Philippines and I could say that cryptocurrency here is not that much regulated as other countries like US and China. There's no certain laws about imposing of tax here, unless you declare it to Internal revenue. The growth of cryptocurrency here is not extensive like other developed countries. Actually, more  people are pessimistic about using cryptocurrency because of bad publicity made by media's here. Me as a cryptocurrency enthusiast, cryptocurrency can help people out of poverty. But there are risks need to consider.

Lol did this EVEN Foundation conduct their survey within BCT members? Because the survey toppers are also the ones who have the most active local board here in the forum. In terms of online activity when it comes to bounties, hyips, and other methods of earning crypto outside the scope of it (mining, trading) then there is no doubt that these countries would be leading the race. But in terms of countries having a crypto-friendly government with regulations in place we might see other countries appearing in that survey.

Yup, crypto is well supported here in the Philippines and some banks are supporting it too. In my situation, more people are asking me on how to acquire bitcoin and planning to hold them as investment.

I believe that the increase in the demand for cryptocurrencies in certain areas and countries is due to the popularity, if several of your friends and neighbors are investing, most likely you will also be attracted to invest and in the end you want the majority of the population in the world participate in order to enjoy all the benefits that cryptocurrency and blockchain technology offer.

I don't know why are you so damn racist regarding this. Just because a country that is part of a third world supports blockchain, you will call it weird and their main goal is to steal?  It's more of, this could be an opportunity that we can try. 

Well, In Indonesia as well the Rupiah was to weak, don't know exactly what the reason is, and also looking for job was so hard, so it might be it was the reason why some Indonesian know and learn about bitcoin, but I think the popularity of bitcoin here wasn't so familiar, because I can see not many Indonesian also trust in digital currency, sometimes they just say you just dreaming with this stuff.

It is weird and even if the article suggest so I wouldn't trust just everything I read. It makes no sense for these countries to lead the crypto, I mean we all know it started it countries far from these. I'm sure these developing countries are also using cryptocurrency but no way near the level of the power leaders such us US, UK and other European countries.

Russia was once against the usage of cryptocurrency, further it started to adopt the blockchain technology to improve its financial infrastructure and management needs. This is considered a positive support for Cryptocurrency and has got more usage. Phillipines and Indonesia too has got increased userbase even after several scams being promoted in the name of bitcoin. India isn't still clear in its stand compared to Philippines where the government itself much supportive to cryptocurrency usage.

It is not the fault of the crypto community why there are lots of scam investment in the Philippines, and I am thankful that the government are broad minded about it.  Even before the news about cryptocurrency and cryptocurrency investment are known, many fraud and scam company launched  several kind of investment where fiat currency is solely involved.  The government knows it and I believe they also anticipated that these con-artist will take advantage of this non-regulated crypto industry that is why the choose to implement regulation than banning it not to only limit the scam occurrrence but also take advantage of the benfits this trending technology give.

The article is a garbage, so is the OP.

"Less developed countries support the most...?" In the first place, Russia is not less developed at all. And "the most"? That's really weird on you to even thought of it. Have you realized how much Bitcoin is thriving in Singapore or Korea or Japan in Asia alone? And how about "to steal"? Supporting blockchain implementation to steal? What planet are you coming from, OP?

Another clickbait article. The support is for Blockchain and not for the cryptocurrencies. And both these things are very different from each other. The promotion of Blockchain technology doesn't necessarily mean that cryptocurrencies may get legitimacy. On the other hand, countries such as India are planning to ban cryptocurrencies, as per reliable news reports.

So they based it on the bounties :( most of them are in the third world county and the cost of internet also affects the number of users, opportunities outside is low so jumping in online might give you some goods even a small amount would be enough as an additional income. Earning opportunity is the only reason for that.

Lol, why does the OP mention the word 'to steal'? Is that so bad when people from developing countries come to new types of technology? Indeed, people from these countries, especially Indonesia, came to crypto to get extra money. They can do many things such as trading, doing online jobs, bounty and so on. But to steal? How will they, as the whole, do something like that? Crimes that occur , to steal in this case, can be done by anyone, no matter where they come from.

In most cases, this is due to inflation and the opportunity to make money on the growth of Bitcoin. Inflation is a rather acute problem in developing countries. The point here is not in the government or the leadership of the country, namely, that many people want to save their savings and also earn. Cryptocurrencies made it possible for many people in the developing countries to get rich fairly quickly. In developed countries, people live better, so they didn’t grasp that opportunity at the time. They simply had no such incentive.

i dont know if government support bitcoin, but im sure if they still make some research about it. they apply bitcoin as investation. so, we use it as instation and trading, not as transaction. but people here is very support bitcoin, mostly they can change their economy because of this. we still wait when bitcoin can be use to pay something and hope if some big store provide that service

I agree with this,those 3 countries are the countries who made a recent big adaption on crypto that made a news and headline around the bitcoin world.There still alot of country who really supports bitcoin compared to russia philippines and india.

Every time I hear about India it's always a negative crypto related piece of news. If the people support bitcoin so much in there why don't they protest against the plans of their government that is calling BTC a fraud and a way to launder money. That support will not mean much if it gets banned and they allow for it.

Same here in our country. Our government has no official statement of legalizing nor banning the use of crypto, in my perspective they are just in the neutral side. I guess they already realized that it could help our economy that's why they are not contradicting crypto and just only warn its countrymen about the risks of investing into it. However, I'm still not contented with the adaption we attained right now because I know we can achieve more. The lack of eagerness for the introduction of this technology is the main concern here, still few knew about btc but i hope our crypto community grow further as time goes by.

You should not use accuse these people or even use the word steal, I live in one of those countries and it is not right to judge people without basis at all, and it is not weird that these countries accept this technology you are just one big idiot to overlook the capability of these countries.

That is because they are the most oppressed countries, having the most hard working people.

When I was a 10 years old child, because I was laughing in class, my teacher throw me out of the class for half hour. An Indian girl that was 1 year older than I am,  came to me and started to talk. I was no 1 in my class (43 children) at mathematics.
We had to leave the shoes at the entrance to the classroom and dress up with slippers. This Indian girl started to count the shoes by 2, and she counted 43 pairs of shoes in 30 seconds.

Until today (when I buy Euros or Dollars) I am counting the money by 1 and I remember that little Indian girl, older with 1 year than I am that has counted 43 pairs of shoes in 30 seconds by 2.

 

As far as I can recall, there was some protest though, but I don't think it garnered support from crypto enthusiast in India.

https://cointelegraph.com/news/indian-street-protests-for-cryptocurrency

Russia? I don't think that they are going to be crypto friendly because they always contradict themselves.

But look at how the people of Russia is very active in cryptocurrency. There are even a lot of crypto projects that are developed by the Russians themselves. This goes to show that you cannot really stop people from supporting and using cryptocurrency even if the government itself is against it. Cryptocurrency is simply more powerful than governments. They cannot shut it down.

Yeah right it happens a lot in most countries too especially to the so-called third world country and since they were in the underdeveloped country most people were relying on finding their work in any crypto activity or through online. Japan is an exception to this since their government fully supports the blockchain and crypto technology in the first place.

It's really wrong to based on bounty when bounty are for new coins and the share of new coins in the market is relatively small.
Bounty hunters also are not all supporting crypto as most of them will just join considering crypto as an investment rather than a salary, and they will just down right after they receive their reward and that is not a support.

Bitcoin and Cryptocurrency is a huge opportunity and us people living in a third world are very quick to grab the opportunity that comes along the way and so is those countries that are listed in your list, there is nothing to be weird about.

The article only mentions about participating in airdrop bounties not specific in the development of blockchain or crypto.

Especially for Indonesia, the President who is leading and successfully winning the election has more attention to crypto, hopefully there is a real implementation from the government to be able to develop blockchain and crypto in Indonesia.

Since when that Russia turns to be less developed country?i don’t think so mate

But regarding to your question,Venezuela is a dying economy when they started embracing cryptocurrency since they find it very helpful to support the technology and the how beneficial this is

So with that I think those mentioned countries already find the help earlier than those develop countries,but you forgot to mention Germany and Japan some most developed countries that supports Bitcoin first before others

Big countries are afraid of losing because they do not know how to tax Bitcoin and regulate the market. It is still a problem. The majority of governments look at the state's chastity. They do not like to give away money ...

Because of the promising opportunities and benefits offered by cryptocurrencies I see are the reasons why people in these countries are supporting it. Philippines, India and other countries mentioned, see cryptos as another source of income, especially that it involves and is done using the internet. Most people in these countries spends most of their time using internet, why not spend it in things that may benefit them.

Indonesia is a less eveloped  country, but the population is the most after China, even children who do not have identity cards have known cryptocurrency

The Philippine government really is not so tight with the crypto related services even if the Filipinos are being involved in a lot of scam scheme. The might be the main reason why the Philippines is a part of this because there are no solid laws here with regards to crypto. As long as the business can pay taxes the SEC is going to approved it

Your thread title is confusing and misstated. I am from the Philippines and I don't see PHILIPPINES SUPPORT CRYPTOCURRENCIES. The link you provided say's CITIZENS, not the countries as a body.

Philippine government doesn't support cryptocurrencies at all. The government created a regulatory board that will regulate the usage of cryptocurrencies in the country. Although they already gave license to some companies that works on cryptocurrencies (e.g. coins.ph), the government warned the public about the risks of investing in cryptocurrencies considering its volatility and nature.

On the other hand, there are still many Filipinos who are using cryptocurrencies esp. bitcoin, and the number of users are still increasing. Just like what I've said in my other posts on other threads, the government can't easily stop cryptocurrencies in their country. The best thing they can do is to regulate the use of these electronic assets, and to keep on reminding the people about the risks of it.

Different from in Indonesia, there may be some of the same reasons for each user. but most people here support bitcoin and crypto because of the economic benefits they get. I myself still believe in the government, and my local currency, I support bitcoin because I get a lot of benefits from it

Almost every country with cryptocurrency adoption seems to have the same stand on cryptocurrency usage. No country has officially revealed support for Cryptocurrency usage, but there isn't no big opposition from the government which is the one that makes a outlook that bitcoin is supported by some countries. India has opposed bitcoin and now there is some positive news after the G20 meet.