Countries testing digital assets in 2020

[mamahdedeh]

This reaction is not as incomprehensible as it may seem, in one hand governments are excited at the development of any new industry because this always mean more taxes for them, but bitcoin is a unique technology created with the intention of helping the people and not them.

So they are confused, they can see the potential of cryptocurrencies but they can also see the danger and as such their posture concerning cryptocurrencies and their future changes constantly.

I agree. they are still looking for favorable loopholes for the state, so in the end freedom is restricted. but I think it would be better than crypto not legalized by the government, so that it would interfere with its development. no doubt that the government will have an important role in mass adoption

It is not a good idea for governments to ban cryptocurrencies because then people are going to keep using them and they will not pay any taxes, it is better for the government to try to regulate it, but how do you regulate something which was created to resist those attempts?

As you say they are still trying to find a way to get their way and restrict our freedom but that is only possible now that fiat is strong if at some moment it gets weaker we could use bitcoin to buy stuff directly and at that point they will not be able to stop it.

By banning cryptocurrency, I think the government will have less tax revenue from cryptocurrency, especially if more and more investors are using it and are interested in cryptocurrency, of course, it will reduce the stock investors in that country who partly turn to crypto

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[gweedo]

China and South Korea are the two countries that are experimenting with blockchain recently. And if those two countries succeed in testing and applying it to banks, I believe the market will grow insanely because these are the two leading countries in the cryptocurrency market. In 2020, I believe we will receive a lot of positive news to help this market have more new investors.

[kapalmabur]

This reaction is not as incomprehensible as it may seem, in one hand governments are excited at the development of any new industry because this always mean more taxes for them, but bitcoin is a unique technology created with the intention of helping the people and not them.

So they are confused, they can see the potential of cryptocurrencies but they can also see the danger and as such their posture concerning cryptocurrencies and their future changes constantly.

I agree. they are still looking for favorable loopholes for the state, so in the end freedom is restricted. but I think it would be better than crypto not legalized by the government, so that it would interfere with its development. no doubt that the government will have an important role in mass adoption

It is not a good idea for governments to ban cryptocurrencies because then people are going to keep using them and they will not pay any taxes, it is better for the government to try to regulate it, but how do you regulate something which was created to resist those attempts?

As you say they are still trying to find a way to get their way and restrict our freedom but that is only possible now that fiat is strong if at some moment it gets weaker we could use bitcoin to buy stuff directly and at that point they will not be able to stop it.

By banning cryptocurrency, I think the government will have less tax revenue from cryptocurrency, especially if more and more investors are using it and are interested in cryptocurrency, of course, it will reduce the stock investors in that country who partly turn to crypto

crypto currency users are still very little different from stocks, I don't think the government will be negatively affected if they ban it, but there will be a positive impact if countries switch to crypto currencies, as some countries will do this year, we can see

[imstillthebest]

This reaction is not as incomprehensible as it may seem, in one hand governments are excited at the development of any new industry because this always mean more taxes for them, but bitcoin is a unique technology created with the intention of helping the people and not them.

So they are confused, they can see the potential of cryptocurrencies but they can also see the danger and as such their posture concerning cryptocurrencies and their future changes constantly.

I agree. they are still looking for favorable loopholes for the state, so in the end freedom is restricted. but I think it would be better than crypto not legalized by the government, so that it would interfere with its development. no doubt that the government will have an important role in mass adoption

It is not a good idea for governments to ban cryptocurrencies because then people are going to keep using them and they will not pay any taxes, it is better for the government to try to regulate it, but how do you regulate something which was created to resist those attempts?

As you say they are still trying to find a way to get their way and restrict our freedom but that is only possible now that fiat is strong if at some moment it gets weaker we could use bitcoin to buy stuff directly and at that point they will not be able to stop it.

By banning cryptocurrency, I think the government will have less tax revenue from cryptocurrency, especially if more and more investors are using it and are interested in cryptocurrency, of course, it will reduce the stock investors in that country who partly turn to crypto

crypto currency users are still very little different from stocks, I don't think the government will be negatively affected if they ban it, but there will be a positive impact if countries switch to crypto currencies, as some countries will do this year, we can see

yeah because stocks were older than crytpo , that is why . 

however crypto now is slowy starting to achieve a momentum and we will only be shock one time that cryptos now were at the same level of stock or will probably surpass stocks in the future  .it dont have any negative to governments if they ban crypto . why would you think they ban  ? ban means they love to ban it because they think crypto does not have something good to offer  .

[lixer]

The countries you have listed here is less compared to how many countries we have in this world. And I don’t really know about these countries you have mentioned whether they are going to be releasing any cryptocurrency this year, the only country I know that is serious with it is China and I have been following up with a lot of news about them and it seems it’s getting released any moment from now.

As for the other countries you have mentioned, one thing I know for sure is that they are friendly with cryptocurrency, but I don’t know if they are releasing their own cryptocurrency because this is the first time I’m seeing someone say this.

[wowz2010]

China, which has almost finished developing its own national cryptocurrency and is about to launch it, was not mentioned in the article. In general, I think that many more countries than in this list are developing their own national cryptocurrencies or at least have plans to do so. It is worth considering that the future is not only for state-owned cryptocurrencies, but also for corporate tokens and existing cryptocurrencies.

Yeah pretty much.
I've found article about it right here https://blockonomi.com/china-will-launch-national-digital-asset-in-2020/
China seems to be very active in crypto field lately

[Webetcoins]

Above country testing bitcoin as legal digital payment currency which one country have accepted bitcoin as legal payment currency, how many year need by some country to test bitcoin before accepting as legal currency payment, now day many country want to legal using bitcoin and altcoin as currency payment for giving benefit and tax for country.

There are quite a couple of countries that have already started doing so and bitcoin is legal over there as this helping government in providing people with opportunities of income and it is also reducing burden from the shoulders of government of providing stable financial life to all citizens. There are many news that develop countries are also working on methods to put taxes on bitcoin in order to make it legal.

[adzino]

Sad, all these currencies are just going to be centralized currency. Still no financial freedom and now the Government of those countries can keep a close eye on peoples finance. They can now easily regulate their currency without facing any problem.Sadly, no more financial privacy for people. Let us just see what happens this year. If they can actually implement this in their country, at least people will start knowing more about bitcoin and then the advantages of using bitcoin over the regulated coin. Highly likely, they will stop using their government issued crypto currency and will move to bitcoin.

[BartS]

Sad, all these currencies are just going to be centralized currency. Still no financial freedom and now the Government of those countries can keep a close eye on peoples finance. They can now easily regulate their currency without facing any problem.Sadly, no more financial privacy for people. Let us just see what happens this year. If they can actually implement this in their country, at least people will start knowing more about bitcoin and then the advantages of using bitcoin over the regulated coin. Highly likely, they will stop using their government issued crypto currency and will move to bitcoin.

That is a calculated risk they are taking, they cannot let decentralized cryptocurrencies have a monopoly of this new form of money, but at the same time if they create their own centralized cryptocurrencies people may decide to adopt bitcoin.

There is nothing we can do except to trust that sooner or later people are going to realize that bitcoin is many times better than those centralized cryptocurrencies, and one great way to do that is for bitcoin to keep increasing in price and bring more attention to itself that way.

[Chrystora123]

snip..

You seem to forget about China, last year President Xi Jinping announced he would issue their cryptocurrency this year, but don't know yet what month it will be realized.   and one more country that is rumored to be starting to use digital money that is Malaysia, cmiiw

[sisule]

snip..

You seem to forget about China, last year President Xi Jinping announced he would issue their cryptocurrency this year, but don't know yet what month it will be realized.   and one more country that is rumored to be starting to use digital money that is Malaysia, cmiiw

Just giving issues only without have implementation about when bitcoin become legal currency payment transaction, I have bad opinion with Chinese president when said will make bitcoin as legal currency payment only for running their chance to sell bitcoin with higher price, maybe make the same statement when finished buy bitcoin with lower price and announce to public for accepting bitcoin in China.

[Karmakid]

snip..

You seem to forget about China, last year President Xi Jinping announced he would issue their cryptocurrency this year, but don't know yet what month it will be realized.   and one more country that is rumored to be starting to use digital money that is Malaysia, cmiiw

Let them do what they want. If it is good for their country to prosper even more or to have more convenience than before then it is a good decision for them to test digital assets for their economy. If they will have a positive result from this experimentation then we all know that most of the developing countries will do the same and they will immediately use blockchain technology.

[FLoving]

I think the interest grew as they knew there were tonnes of people who could invest from all over the world in global tokens or currencies. So, Russia thinks they should make a digital currency that doesn't mean anything and is worth zero, but could get millions of dollars, perhaps even billions. That's why, and nothing else, they're looking into it. Hopefully in the future all countries will accept it

If the demands for crypto industry will continue to be pushed by people who already using it, government then will follow and make certain
movements in order to make sure that they've still have a good control. It will have both good and bad effects though it can be balance and
sort if how the government will be able to make it more in the positive side.

Yes if the government is a state is a democratic government then the decisions of it will be in the favor of the citizens of that state so if someone want that their government adopt the digital assets for their states then they have to adopt it for their life and have to promote the adoption of it all around their country. If it will happen then the government of that state will legalize the digital assets and will support it and will develop it more for the convenience of their citizens.

[Kevondo]

I think the interest grew as they knew there were tonnes of people who could invest from all over the world in global tokens or currencies. So, Russia thinks they should make a digital currency that doesn't mean anything and is worth zero, but could get millions of dollars, perhaps even billions. That's why, and nothing else, they're looking into it. Hopefully in the future all countries will accept it

If the demands for crypto industry will continue to be pushed by people who already using it, government then will follow and make certain
movements in order to make sure that they've still have a good control. It will have both good and bad effects though it can be balance and
sort if how the government will be able to make it more in the positive side.

Yes if the government is a state is a democratic government then the decisions of it will be in the favor of the citizens of that state so if someone want that their government adopt the digital assets for their states then they have to adopt it for their life and have to promote the adoption of it all around their country. If it will happen then the government of that state will legalize the digital assets and will support it and will develop it more for the convenience of their citizens.

If the citizens of a state understand the idea that digital currency Is going to benefit them in many ways in the future and they can do a lot of business with it they can make it legal in their country. As majority is the authority and citizens can make it accepted by the government, it can happen if the users start promoting it to others and make it part of their everyday life.

[travwill]

Within the current cryptocurrency trend, many countries (as corporations did before) will claim their rights to part of the cryptocurrency market.
Let's see who will do it best, but so far it does not seem that there would be favorites who could get ahead with their incredibly advanced global bank coins.

[verita1]

The summary shows that it is clear that the influence of Bitcoin and blockchain has drawn attention to some of the most developed countries.
We are witnessing a great change in technology with the emergence of bitcoin. As we well know, cryptocurrencies can help nations that have a financial crisis. Where access to the bank is almost nil for some populations and the implementation of crypto-based financial instruments would improve the economic progress of these nations.
Undoubtedly, technology would give a breakthrough for the benefit of nations and I would say a whole continent because it is possible that the model that is implemented if it is successful is replicated.

[kesmex]

more and more adoptions from countries, it will make Bitcoin an extraordinary asset in the future, I'm 100% sure that Bitcoin is still worth buying now

[Wexlike]

more and more adoptions from countries, it will make Bitcoin an extraordinary asset in the future, I'm 100% sure that Bitcoin is still worth buying now

Absolutely it is. However exploring blockchain technology doesn't necessarily mean that a country will invest in a decentralized currency.

I would rather think it is more for smaller sized countries who don't want to be economically controlled by an external power.

Just look what happens when the americans are threatening Irak to take away the dollar reserves if they kick out the US army.

This is a whole different layer of attack.

[buyinbtc]

I think the interest grew as they knew there were tonnes of people who could invest from all over the world in global tokens or currencies. So, Russia thinks they should make a digital currency that doesn't mean anything and is worth zero, but could get millions of dollars, perhaps even billions. That's why, and nothing else, they're looking into it. Hopefully in the future all countries will accept it

[Murat]

Definitely, This type of good news encourages us to get involved in this system for the long run, believe it or not, the legal issue is the fundamental thing in the monetary world, without government approval, no one can use crypto in the local market, it can be only used in the virtual life, But I believe that international political movement is the main thing in this issue, many countries are interested in creating an own blockchain system but which is not fruitful for the cryptocurrency anymore, so individual initiative should be focused on this cryptocurrency because the main theme is the decentralization.