Countries testing digital assets in 2020

[InvoKing]

State backed cryptocurrencies or FIAT stored in banks used by credit cards, what's the difference? Blockchain implement? Great but that's not the point of having a cryptocurrency AFAIK!
Manipulation of its value will be very important and exaggerated...

[1714020149]

1714020149

[1714020149]

1714020149

[1714020149]

1714020149

[1714020149]

1714020149

[1714020149]

1714020149

[JeffBrad12]

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.

If the digital asset they are about to release is centralized im pretty sure they will have the authority to control it and taxing it is just another small matter. It will just become another centralized coin that are just using blockchain system for gimmick because they don't want to get left behind because blockchain has become the trend meanwhile it's no different than any centralized payment method that digitalise cash. but the whole thing is still on experimental phase and I doubt it will get to another phase.

[boris singer]

I think China will implement it first because until this year they are very serious in preparing the business foundation connected to the blockchain, their testing step will be quick because they only need to connect DCEP with Alibaba and other ready companies.

Also don't forget about the digital lira (turkey), news about them has been circulating since early November and will reportedly start testing in late 2020.

[meliodas]

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.

If the digital asset they are about to release is centralized im pretty sure they will have the authority to control it and taxing it is just another small matter. It will just become another centralized coin that are just using blockchain system for gimmick because they don't want to get left behind because blockchain has become the trend meanwhile it's no different than any centralized payment method that digitalise cash. but the whole thing is still on experimental phase and I doubt it will get to another phase.

That is their main goal, they don't want to see a lot of people that are relying on a decentralized system so as soon as possible, they are creating their own blockchain system so they can have the control and so there will be no chance for them to be left behind. At the end of the day, it always depend to the people on how they are going to use the different resources around them.

[bitcampaign]

I hope my country is included in the list to be one of the countries that also want to test digital assets next year, even though I know my country is a lagging country, but the issue of digital payments has spread in my country, digital payments here do not use blockchain technology so I doubting its safety, maybe with this the government in my country wants to test digital assets in the next year using blockchain technology

[shoreno]

I hope my country is included in the list to be one of the countries that also want to test digital assets next year, even though I know my country is a lagging country, but the issue of digital payments has spread in my country, digital payments here do not use blockchain technology so I doubting its safety, maybe with this the government in my country wants to test digital assets in the next year using blockchain technology

what country your living with  ? the country listed by the op were only few and i doubt that your country is in on its list but dont be sad because those lists were only few of the countries that will test cryptos by 2020 because if we can only take a research on the net we will see that there are many countries that are planning the same thing  . you said your country already use digital payments  ? so there was a big possiblity that they will upgrade the use of it and will add crypto on thier service  .

[Aying]

I hope my country is included in the list to be one of the countries that also want to test digital assets next year, even though I know my country is a lagging country, but the issue of digital payments has spread in my country, digital payments here do not use blockchain technology so I doubting its safety, maybe with this the government in my country wants to test digital assets in the next year using blockchain technology

I am sure your country will accept and include crypto someday. and I am sure that they are aware on china's news that blockchain system will be use to improve more. Don't lose hope because we know that crypto as a digital asset is a potential in upcoming years, your government will also benefit with the digital way of transactions and everyone in your country will need it to gain more improvement.

[Lorence.xD]

I hope my country is included in the list to be one of the countries that also want to test digital assets next year, even though I know my country is a lagging country, but the issue of digital payments has spread in my country, digital payments here do not use blockchain technology so I doubting its safety, maybe with this the government in my country wants to test digital assets in the next year using blockchain technology

One of the improvements in the third world country is the adapting of using cryptocurrency in the first place just some states have just supported the use of crypto because they know it has potential will grow in the future. One of the most prominent countries that accept today the use of crypto is the china one of the most famous and most influential countries of all time, I think they want to adapt and line with the highest countries like singapore. There's a lot of benefits in using crypto, fast transaction and secured and less hassle in queue lines.

[Dart18]

Well look at that.
They are creating their own instead of just using bitcoin itself.
It looks like they are more hungry into taking control with the financial industry.

Will it be supported by their people or will it be forced. Mandated? We don't know. But I am sure this kind of strategy is to just forget all those old crypto currency that is being created specially bitcoin.

[Cherylstar86]

Well look at that.
They are creating their own instead of just using bitcoin itself.
It looks like they are more hungry into taking control with the financial industry.

Will it be supported by their people or will it be forced. Mandated? We don't know. But I am sure this kind of strategy is to just forget all those old crypto currency that is being created specially bitcoin.

As the technology become developed the crypto currency has it's own way by those users thinking that having their own is much more income. Though, it needs more time to develop but its possible as it will be also depends by the support of many here in crypto currency community.

[bitcampaign]

I hope my country is included in the list to be one of the countries that also want to test digital assets next year, even though I know my country is a lagging country, but the issue of digital payments has spread in my country, digital payments here do not use blockchain technology so I doubting its safety, maybe with this the government in my country wants to test digital assets in the next year using blockchain technology

I am sure your country will accept and include crypto someday. and I am sure that they are aware on china's news that blockchain system will be use to improve more. Don't lose hope because we know that crypto as a digital asset is a potential in upcoming years, your government will also benefit with the digital way of transactions and everyone in your country will need it to gain more improvement.

That's what I hope with the large number of digital payments in my country, the government will also look to test blockchain technology, because we know that many have used blockchain technology out there, 2020 is probably a good year where technology will be seen in almost all countries including about this digital asset

[sockpuppet1911]

*snip*
Why the sudden change of heart?
Up until quite recently, many countries were actually quite resistant to the idea of cryptocurrency and blockchain technology. After taking a look at the countries testing digital assets in 2020, it’s quite clear they’ve had a change of heart. This can be largely attributed to the immense success of Bitcoin, a change in attitude towards the digitization of our future in general, and the implementation of Facebook’s very own Libra coin. As cryptocurrencies become more accepted on a societal level and go mainstream, it’s likely that more and more governments will see the almost limitless possibilities that blockchain and digital assets have to offer.

https://www.youtube.com/watch?v=v8yKNmeU30U&t=26s

Blockchain and crypto technology can be used to further advance our collective society in so many ways - helping us adapt to an increasingly tech-based future. It’s up to our governments to implement them in ways that will benefit not only their citizens, but their country as a whole.

Let eToro ease you into the cryptocurrency game with their CFD trading. It is the world’s leading social trading platform after all. Learn more at www.etoro.com.

Cryptoassets are volatile instruments which can fluctuate widely in a very short timeframe and therefore are not appropriate for all investors. Other than via CFDs, trading cryptoassets is unregulated and therefore is not supervised by any EU regulatory framework. Your capital is at risk.
 

https://www.etoro.com/blog/market-insights/countries-testing-digital-assets-in-2020/

Seriously, it most likely has nothing to do with the success of bitcoin, because this development is far away from bitcoin
It has all to do with removing physical cash that can't be tracked and total control of money and surveillance.
What we should be speculating is what will replace the physical cash, and will it be borderless?
I don't want to sound like a tinfoil but when you take a look at the history, have you been wondering what will be the ultimate store of value when these governments fall?
Almost almost every asset can be easily confiscated, you should invest into those that can't be imho.

[Spaffin]

I hope my country is included in the list to be one of the countries that also want to test digital assets next year, even though I know my country is a lagging country, but the issue of digital payments has spread in my country, digital payments here do not use blockchain technology so I doubting its safety, maybe with this the government in my country wants to test digital assets in the next year using blockchain technology

I am sure your country will accept and include crypto someday. and I am sure that they are aware on china's news that blockchain system will be use to improve more. Don't lose hope because we know that crypto as a digital asset is a potential in upcoming years, your government will also benefit with the digital way of transactions and everyone in your country will need it to gain more improvement.

That's what I hope with the large number of digital payments in my country, the government will also look to test blockchain technology, because we know that many have used blockchain technology out there, 2020 is probably a good year where technology will be seen in almost all countries including about this digital asset

Blockchain technology is really interested in many countries and many government agencies, including various international companies, so the blockchain has a great future.  But if we talk about the prospects of cryptocurrency, then I recall the report of the Big Seven, where the cryptocurrency was recognized as dangerous for investment, because it is unstable and therefore it will be quite a while before the government legalizes cryptocurrency and digital assets will be recognized around the world.

[rez303]

Cant see Estonia in the list. They were on of the first who accepted and support cryptocurrency.
As well as where the hell is China ? China wants to bring blockchain to national level.

Estonia is a small country and their capitalization is not too much for the crypto market so they are not shortlisted. in China, they only support blockchain technology and in addition, they hate crypto. China's prime minister has spoken out on the elimination of China-based exchange exchanges and is determined to eliminate fraudulent businesses in their home countries.

[slaman29]

State backed cryptocurrencies or FIAT stored in banks used by credit cards, what's the difference? Blockchain implement? Great but that's not the point of having a cryptocurrency AFAIK!
Manipulation of its value will be very important and exaggerated...

100% agree here.

People were raving all about Bakkt before, and Ripple going through what was it now? 200? 300 banks? Or all those huge shipping companies taking blockchain and what not into their supply chain? or LIBRA.

Yes, good news for blockchain. But it's all forgetting the very aspects of Bitcoin that made it great and creating more corporate and centralized crypto. So what? This isn't good news it's neutral news. Could even sound bad to me.

[Pamadar]

Cant see Estonia in the list. They were on of the first who accepted and support cryptocurrency.
As well as where the hell is China ? China wants to bring blockchain to national level.

Estonia is a small country and their capitalization is not too much for the crypto market so they are not shortlisted. in China, they only support blockchain technology and in addition, they hate crypto. China's prime minister has spoken out on the elimination of China-based exchange exchanges and is determined to eliminate fraudulent businesses in their home countries.

China wanted to take full control, this is the very reason why they wanted to take advantage of blockchain system, they see the big pictures and if they can maximize this system considering to have their own versions of cryptocurrency, they wanted to make sure that it will run smoothly and will not be
interrupted of those existing coins that's why they really wanted to have a full access and control to any business related to cryptocurrecny.

[Vivasenka]

You forgot about Belarus. We have created very good conditions. Here is more detailed:

https://openledger.info/insights/belarus-passes-new-blockchain-and-crypto-regulations/



And great projects like this have already been launched:

https://exchange.currency.com/tokenized-securities-overview

white paper:

https://exchange.currency.com/static/Currencycom_WP_V2.pdf

[airdnasxela]

Ain't surprising that (most) countries included here are those developed countries. Since they are capable of innovating, they can try various things including the implementation of digital assets. It's easier for them to experiment and try on blockchain technology. But with developing countries like mine, it would be hard...
Although it's a good thing that they are into blockchain, it doesn't mean they also support decentralized cryptocurrency. They'll just end up creating their own currency.

[BitSat19]

I was also very surprised that China is not in list but after reading too many posts about this now feeling they are already too much ahead so they not need to be in this list but still op missing few countries those now understanding this technology and its effects which are helping to create too many good ways for humanity as Germany, New Zealand already giving too many soft policies for this crypto world hopefully we will have some more in near future.

[LUCKMCFLY]

Not only the countries named OP, I think that adoption in terms of Bitcoin and Cryptocurrencies will be massive by 2020, it is easy to determine, for these reasons:

1.- Trade war between the U.S. and China.

2.- Stablecoins War, (Libra Vs Cryto. China)

3.- Possible entry of the Digital dollar by the U.S.

4.- Possible cryptocurrencies developed by banks, eg: European Central Bank. (ECB Official Says Digital Currency Could Be an Alternative to Cash, coindesk.com)

In general, the atmosphere that is coming for 2020 I see it from the most positive point of view despite these possible events, because it will revolve around adoption towards Bitcoin, and the price will rise because everyone will want to have Bitcoin just thinking that they can Reach more of your ATH.