Countries testing digital assets in 2020

[Hippocrypto]

These countries are fascinated by blockchain technology that’s why they are taking early move for adoption. I just wonder if they will run it right away publicly or implement it by sector, this is very challenging for their side but lets see what will happen during its early phase.

Not really fascinated but they just don't want to miss out the technology and want to test it themselves to find out whether the technology deserves to be adopted or not and currently they are doing experimental to the blockchain system. even big companies like samsung seems doing a research and says that blockchain could be effective and beneficial for election to further the democracy as well as efficient remmitances.

But there are still many flaws that haven't been found yet so we will figure it out in no time if the pace is getting faster.

Those are just future plans on their country, so we better wait for the results. Furthermore we can't say a counter reactions that contradicts to that, but the most important is we know what's their capability to meet the future developments on these countries.
I can really see more positive effect if this will be totally incorporated to the planned adoption, so let's see what will happen next.

[clickerz]

These countries are fascinated by blockchain technology that’s why they are taking early move for adoption. I just wonder if they will run it right away publicly or implement it by sector, this is very challenging for their side but lets see what will happen during its early phase.

Well, that is the trend now, going digital. Since blockchain technology is new and emerging, many countries try to have their own crypto assets/currency. This is good since this is also a part of crypto awareness and hope for adoption. We are seeing more implementation of this project in the future for every country as they try to utilize this new technology.

[tambok]

These countries are fascinated by blockchain technology that’s why they are taking early move for adoption. I just wonder if they will run it right away publicly or implement it by sector, this is very challenging for their side but lets see what will happen during its early phase.

Not really fascinated but they just don't want to miss out the technology and want to test it themselves to find out whether the technology deserves to be adopted or not and currently they are doing experimental to the blockchain system. even big companies like samsung seems doing a research and says that blockchain could be effective and beneficial for election to further the democracy as well as efficient remmitances.

But there are still many flaws that haven't been found yet so we will figure it out in no time if the pace is getting faster.

Those are just future plans on their country, so we better wait for the results. Furthermore we can't say a counter reactions that contradicts to that, but the most important is we know what's their capability to meet the future developments on these countries.
I can really see more positive effect if this will be totally incorporated to the planned adoption, so let's see what will happen next.

I have seen the potential growth of crypto here in our country too especially now that they 'hyip' scam becomes minimal as people  has been more aware or it and more become vigilant, and that they already learned their lesson from those past experience of other people, and our government is now open to  make crypto legal and open for public.

[SaShiRaJaVu]

I have seen the potential growth of crypto here in our country too especially now that they 'hyip' scam becomes minimal as people  has been more aware or it and more become vigilant, and that they already learned their lesson from those past experience of other people, and our government is now open to  make crypto legal and open for public.

There are more scams in the market which are taking place and there are some people who are fighting against them, there are millions of people who are not aware of everything and they are the targets, if a government will regulate the market then you will not see many scams and ponzi in the market because everyone will be aware of the scams.

[el kaka22]

I think the interest got higher because they realized there are tons of people who could invest in global tokens or currencies from everywhere in the world. So, Russia knows that they could make a digital currency that means nothing and worths zero but could get millions of dollars for it, maybe even billions. Which is why they are looking into it and nothing else.

However, some of the other countries like Japan for example is doing it because they want to see their country develop into something better, they are not a ruthless capitalist country, they do have a very high standard of living and cost of living but they do have a very tiny unemployment as well so they want to improve the finance world to the level of their own with digital currency implementation.

[Clement Kaliyar]

However, some of the other countries like Japan for example is doing it because they want to see their country develop into something better, they are not a ruthless capitalist country, they do have a very high standard of living and cost of living but they do have a very tiny unemployment as well so they want to improve the finance world to the level of their own with digital currency implementation.

Japan is a progressive country and they are willing to experiment with the financial sector and so is the reason they started accepting bitcoin while the rest of the countries were confused on what to do with the new technology and the market. The blockchain technology will be implemented in most countries because the use case is vast and they will be implementing to improve the infrastructure.

[bitsurfer2014]

I was surprised why China wasn't included on that article considering the amount of news we've digested on the past several weeks about its state back cryptocurrency!

I guess the reason why China was mentioned is because current on protest in Hong Kong which I believe happened because the people demanded democratic restructure , creation of independent investigation body for police violence/cheat, and a fair voting system. Therefore, if the protest continue the creation of the national crypto may not happen.

I may have to disagree with that idea since I think China's cryptocurrency ambition will eventually push through, whatever the outcome on Hongkong's political dilemma.

Rather, I believe China wasn't included on that list because I think, eToro - the publisher of that article was cautious enough not to preempt any media releases with regards to China's crypto plans for fear of possible repercussions from China since they have an office at Shanghai and I think that exclusion is meant to protect eToro's business interests on that country. Imho

[gantez]

This is a good news. 2020 to my view will actually be a testing ground not only for the countries above mentioned but for the general adoption of cryptocurrency.  The light is on already , more testing will line up.

[Twinkledoe]

I think the interest got higher because they realized there are tons of people who could invest in global tokens or currencies from everywhere in the world. So, Russia knows that they could make a digital currency that means nothing and worths zero but could get millions of dollars for it, maybe even billions. Which is why they are looking into it and nothing else.

However, some of the other countries like Japan for example is doing it because they want to see their country develop into something better, they are not a ruthless capitalist country, they do have a very high standard of living and cost of living but they do have a very tiny unemployment as well so they want to improve the finance world to the level of their own with digital currency implementation.

I feel a lil bit of hate towards Russians.  But seriously, when these blockchain projects came into fruition, we encountered a lot of Russian scammers. There was a time that if it is a Russian-backed crypto, expect that you will be scammed. They really have bad reputation in the community.
But for countries like Japan or maybe Singapore (which I am surprised that it is not included in OP's list), they are pretty serious in exhausting the potential of blockchain towards the development of their country.

[meliodas]

As the prices of the cryptocurrencies rises and as the market becomes more mature, it is indeed a good indication for the developing countries to try digital assets like cryptocurrencies where they can invest the small proportion of their money into it and also establish blockchain based systems in their country to improve the quality of their service and security.

[huige007]

These countries are fascinated by blockchain technology that’s why they are taking early move for adoption. I just wonder if they will run it right away publicly or implement it by sector, this is very challenging for their side but lets see what will happen during its early phase.

Well, that is the trend now, going digital. Since blockchain technology is new and emerging, many countries try to have their own crypto assets/currency. This is good since this is also a part of crypto awareness and hope for adoption. We are seeing more implementation of this project in the future for every country as they try to utilize this new technology.

Crypto currencies are one of the products of blockchain technology. There can be others created too. Many companies are planning to improve existing systems with the help of blockchain as this will make systems more secure. Bitcoin has attracted many investors and the number keeps on increasing which drew attention of governments. They wanted to make bitcoin as their currency but it is decentralized so making own national crypto coin is the only left option.

[Beparanf]

As the prices of the cryptocurrencies rises and as the market becomes more mature, it is indeed a good indication for the developing countries to try digital assets like cryptocurrencies where they can invest the small proportion of their money into it and also establish blockchain based systems in their country to improve the quality of their service and security.

Many sees the potential it can give as easy transaction payment as well as form of investment. Government can create their own token for their advancement. As long as they will implement it in a proper way it will surely adopted by their people. Blockchain transparency and security can really help to run their government free from corruption.

[worle1bm]

Most of the governments around the world have appreciated the blockchain technology due to its advantages like transparent and less corruptive ways over making transactions.They really want to be updated with latest technology and adopt digital forms of payment to implement in their system but most probably they have mindset on developing their own centralized coin under their control but if they empower cryptocurrencies then it would have great impact on the market and global economy will be boosted by their usage.Hope for its betterment and price rise soon.

[hatshepsut93]

First stablecoins, now governmentcoins (if they will ever be released, which I doubt a bit). Centralized players embrace blockchain technology, but not in a way that crypto noobs think - they just make centralized crypto and blockchains because of the hype, they are afraid to miss out on the next big thing in tech. Countries and big companies aren't immune to FOMO, and it actually doesn't cost them much to do all these blockchain tests, since all they have to do is hire developers - there's no hardware or electricity costs, because they don't use PoW.

[X-ray]

As the prices of the cryptocurrencies rises and as the market becomes more mature, it is indeed a good indication for the developing countries to try digital assets like cryptocurrencies where they can invest the small proportion of their money into it and also establish blockchain based systems in their country to improve the quality of their service and security.

Many sees the potential it can give as easy transaction payment as well as form of investment. Government can create their own token for their advancement. As long as they will implement it in a proper way it will surely adopted by their people. Blockchain transparency and security can really help to run their government free from corruption.

Want it or not the people will be forcefully adopting the crypto created by the government one way or another but not for investment because centralized government coin usually works the same way as how any stablecoin out there does. It will be backed up  either by assets or fiat so there's no such thing as investment. However, the government could adopt blockchain for election aswell because it will improve the democracy by its transparent nature.

[fiulpro]

You should add Germany too .
It's not change of heart its like the need of the hour , they are doing all this because they understand that it is actually a very serious topic now , since the digital assets are now everywhere they need to either go with the flow and be 10 years in the past and it is also not just the cryptocurrencies but also the blockchain technology which is sliding down in every sector very slowly and I think ..it's just because the government is realizing the good sides , they are also getting benefited and so are the people thus ..it's just like adding another stock market but this time a decentralized one.

[Brunus]

If the states begin to accept the idea of the crypto, it means that they have found a way to control it and - above all - to tax it.
They will probably use threats and violence as usual.
But I think that with a little attention, those who don't want to be known can enjoy freedom for a while yet.

[drlukacs]

In fact, it's normal for many countries to experiment with different types of businesses in the crypto market. As you can see, there are many such businesses in the market but they are completely shitcoin and there is no sign of growth. Therefore, I think that these guidelines are not having a positive effect on the crypto market. it only yielded a result that entrepreneurs are curious about blockchain technology in this market, and it has no intention of increasing business value here. do you think so ?

[gentlemand]

Canada.
Although the Canadian government has not publicly announced that they are testing a state-backed cryptocurrency, the Canadian central has expressed interest in potentially issuing a digital asset controlled by the Central Bank which acts as a digital version of the Canadian Dollar. In July 2018, the Canadian Central Bank conducted a study called the  “Central Bank Digital Currency and Monetary Policy” which highlighted the potential benefits of a state-backed digital asset.

Canada came up with Mintchip and abandoned the idea in 2014 or so. I wonder what's changed.

If any of these come about the case for crypto will be several times stronger. The grip they'll have over your money will be far, far tighter with a governmentcoin than the current lash up of a system.

[bitbunnny]

This is actually nothing new. Countries, especialy their central banks and other financial institutions are experimenting with cryptocurrencies for a while. They are also preparing a packages of regulation and that all together should prepare them to formaly introduce cryptocurrencies into system. The way how is this going to happen is still not known but many countries have decided not to ignore cryptocurrencies anymore.