Bitcoin Forum

The G20 or the 20 strongest countries in the world recently had a meeting about cryptocurrency. If ever Bitcoin and altcoins will be legalized worldwide and will be highly accepted, which country would you like to lead it? I mean, the country wherein the main office about cryoto regulations will be built and the major country which will usually hosts events and meetings about cryptocurrency.

I have some country names in my head but I won't name any of them because what you are asking sounds to me like centralizing things a lot to one place and to a group of people and that is now what cryptocurrency was created for.

but as long as their purposes don't go further than overseeing and preventing scams from ruining the world I am ok with it and don't care where it is located at.

I agree with Pursuer, it sounds like a takeover on Bitcoin.
However, a turnover between countries for events and meetings sounds good to me, and reflects the decentralized side of crypto.

I'm hoping that crypto industry will rule all over the world. So that everybody will get the benefits as we got from bitcoin. All people will be successful in their lives.

None. It goes against the entire purpose of decentralization. I would love to see G20 countries supportive of it, but I want them to keep their hands out.

Malta will have a major impact on it with the current support of the major centralized exchanges moving there.

Without thinking too hard on this, I will choose Japan any time any day.Their government has been very pro-bitcoin, even their central bank encourages its citizens to use crypto-currencies. Japan has been amzing.

There won't be any lead because good luck with all the countries accepting to legalize bitcoin. And leading would totally centralize things and the purpose of bitcoin ends right there itself. It'll exist but for everything that it was created for, will never happen. It'll just become a random currency in the market.

I guess if we are going to look at the trading volumes per 24 hours, we will see what countries really loves crypto so its pretty obvious that it will be Japan.

However, I don't like the idea of having like a HQ for crypto regulations, it totally contradicts what Satoshi envision, decentralization. As far as holding meetings, they can go and held it to any country as long as that host country is very friendly and supportive of crypto (there are a lot).

If that really need to happened then, I will choose Japan to lead, the reason is because Japanese people more appreciate the technology and more open minded about crypto, so although there will be regulations the leader will be able to balance the rules, we need the rules that able to expand crypto further, no some egoistic rules that going to bring down crypto to become nearly like fiat

With the G20 country meeting I think it has a good impact on cryptocurrencies, and what if the legal crypto around the world I would vote for a controlled Indonesia.

Don't you think that it ruins the idea of decentralization as the main idea of cryptocurrencies?

We will just have another regulated currency pool, and governments are happy of course.

It's a not a good idea. If it happens bitcoin will be destroyed.
I see some people want Japan to rule over cryptocurrencies. Assume that Japan is now the leader. What will happen next? Do you think other countries will let Japan to play that critical role in their economy?
And the other problem is centralization which is the opposite of why bitcoin has been created.

The problem with countries 'leading' in this market is that while initially they might contribute to more growth, but when they suddenly change their stance on crypto, they can inflict a lot of damage on this market.

I understand that there will always be a difference in size and importance per country, but I (and I'm sure a lot others as well) would like to see growth be as widely distributed throughout the world as possible.

One country shouldn't be able to take the entire market down with it once it for whatever reason withdraws itself from crypto land. That's the worst possible scenario for any market, and I hope we never have to experience this.

I do not want a country that rules over bitcoins. It will give them the power to manipulate the market which in the first place everything should be fair enough for everyone.

Like for example, China does not rule o er bitcoins but that country influences bitcoins more than any country in the world, when it spread FUDs about it, everything tumbled down and dragged some good investors down.

Now that Japan develops ahead, I think one false news can pull bitcoins down harder.

Having a superior country is not healthy for the industry.

In terms of regulations and legal actions usa is the best country to hold cryptocurrency. But in terms of doing some changes about the existing technology or make it better maybe china is the best country to hold crypto currency.

I think Japan will take over it because Japan Population 40% their have bitcoin hodl and they goverment support it and many store accepted bitcoins as a payment method.

Actually, I don't want to see that A country will be leading Bitcoin. Decentralized is the main fact of Bitcoin or other cryptocurrencies. We love Decentralised system Because we love freedom. And, if I have to answer your question then I will Pick Japan obviously.

I want to control the United States in the trade of cryptocurrency in G20 associations, and that is very influential in the movement of the cryptocurrency market.

Wait what? Indonesia? They have ban it as far as I know then why would you choose a country that already put a hammer ban to crypto. So you want a country to rule on something they doesn't like in the first place, it doesn't make any sense at all. lol. I agree that Japan should be the first nation, if ever there is a country that will rule this crypto. Since entering the scene, they have taken over everything from China.

What you are telling goes against the purpose of cryptocurrency which is a decentralized currency and making a country lead it will make it centralized. Still if any country take the lead of cryptocurrency it will not matter much which country is leading, all will be benefitted

I think Switzerland is an ideal place.
Switzerland is a country that is friendly to cryptocurrency markets. ;D

1 vote for Switzerland. I think they will welcome crytocurrency and it will be accepted quickly.
There will be more people join crytocurrency world.

I don’t want to any single country to rule over crypto industry. I want crypto currency to spread all over the world. I want all of the people should support and promote crypto currency all over the earth.

Even if it is difficult to predict the database of the users, I believe that we should give the preference according to the highest number of users to host such conferences and it doesn't make any sense to give soul rights to any single country as we are deep believers of decentralization and thus the users should decide the location and every other thing when it comes to a global level.

this is not a nice question to ask about a decentralized platform,  bitcoin was created to bridge the gap between two worlds and bring us to relate together as one,  asking this kind of question is like trying to centralize a decentralized platform. The adoption of crypto presently is Dependent on the citizen of the nation and not the government,  because crypto takes the power from their hand and give It to us.

Completely agree. The question about the centralization is not relevant to the idea of cryptocurrencies...

First of all, it will be the very good news if BTC will be centralized all over the world and if this will happen, then I want that country to lead who has completely understood the potential and fate of cryptocurrencies and has complete knowledge of cryptos and I guess these could be the countries who has legalized cryptocurrency in their nation because they had already understood the potential of BTC and other cryptocurrency.

No i don't like the idea that crypto will be regulate and it's run good now so better to be like this in the future,I think that we need to be like this because crypto run by 10 years or more now so think if we regulate this of course some can happen in that so better to be like this and not think new about the system of it

If ever that might happen I think the country that suits best is a country that is neutral, crypto friendly environment and should probably have the resources like high speed internet. A country that is well respected and do not have bad history in conquering another land. Ireland is what is on my mind, this ones on me and self ideas only, cheers. I guess it's impossible for a country to rule over crypto and regulations stuff at times like these. Imagine there are super powers left and right just to prove that they are the strongest even in the crypto world, they want to be on the top. If a country will be chosen, It will be like a kid that got stuck in the fight of big boys. The better idea is build an organization like UN or NATO that supports and regulates bitcoin or crypto currencies all around the world with their laws and representative of each countries that supports the cause.

I don't want to be biased but of course I will choose my own country. It will be advantageous for us if that will happen because we ruled over crypto. A lot of opportunity will come for us if we will be given that chance. So basically I want our country to get that privilege because we will benefit a lot from it.

I want crypto to be accepted all over the world as your opinion and all the people in the world will earn a lot from bitcoin like I am today who have a lot of income from the world of cryptocurrency.
 

Japan and the Netherlands are the best countries to play this role because Japan and the Netherlands have demonstrated their ability to manage cryptocurrency and they have successfully implemented it into their banking system very well.

Honestly, i dont like anyone or any country will rule over crypto industry. There will be a ruler then it can be all country that uses cryptos. Then if there will be one ruler maybe it will cause more fighting in different countries and misunderstandings.

I don’t know, but which country is leading now? Is it still China? If I’m to choose, I wouldn’t like it to be controlled by one country, there should be lots of countries controlling it, in fact if possible all countries should be in control so that the one in control won’t use that opportunity to be controlling others and putting everything in favor of themselves. I have never heard of the G20 meeting, but whatever it is, I just hope that it is for the good of cryptocurrencies and not something that has to do with stopping the use of Bitcoin.