Russia, Philippines, Indonesia and India support crypto the most

[Thirdspace]

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.

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, we need to differentiate between crypto adoption and blockchain implementation

[Alert31]

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/

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.

[indrakusumaindra]

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/

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.

[Dreamchaser21]

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/

      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

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.

[dothebeats]

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.

[Indrawan77]

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

[freedomgo]

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.

[Pursuer]

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.

[partysaurus]

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/

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.

[bitbunnny]

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.

[bettercrypto]

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/

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.

[izanagi narukami]

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 !

[kryptqnick]

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/

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.

[bittraffic]

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.

[Pamadar]

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.

[eaLiTy]

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.

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.

[Finestream]

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.

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.

[chanler]

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.

[mazdafunsun]

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.

[Mahanton]

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 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.