Countries testing digital assets in 2020

[target]

France should now be on the list too, they did announce recently about its digital fiat. China was the first to announce creating their own digital yuan and this is why some of us are surprise the China is not in the list. China is one of the country that is already cashless.

The cashless society has already begun. We switched to this system with credit cards. Does anyone carry $ 100,000 in cash? The new system is also said to be encrypted money. Cryptocurrency can continue this work. But with a difference. Banks may disappear.

If the $100,000 in a form of digital cash backed by government, do you think we can be held in the airport and not allowed to travel? In the current law we are only allowed to bring $10k

[kotik085]

The main thing is that Russia was on the list, our neighbors will not hinder us and we need to be friends with them. The fact that many people accept blockchain is only a plus of crypto.

[bobitza]

There have been many countries around the world accepting cryptocurrencies as well as testing digital assets. For example, the Russian central bank is testing stablecoins attached to real assets. Many countries are openly pursuing central bank digital currencies (CBDC), while others are exploring this possibility. Known names working on the issue are Uruguay, Sweden and India, which introduced the concept of digital rupees in the draft bill of cryptocurrencies.

[BartS]

The cashless society has already begun. We switched to this system with credit cards. Does anyone carry $ 100,000 in cash? The new system is also said to be encrypted money. Cryptocurrency can continue this work. But with a difference. Banks may disappear.

It seems that governments are pushing for this harder than ever, this has been one of their goals for decades but it did not seem like they were in any hurry to implement this since they knew they had complete control of all the currencies around the world.

But the creation of bitcoin and its popularity have changed everything, they are creating their own cryptocurrencies because they do not want to allow bitcoin to become a real alternative, but as long as their cryptocurrencies are the same as fiat bitcoin will continue to be as powerful as it is now.

[avatar_kiyoshi]

There have been many countries around the world accepting cryptocurrencies as well as testing digital assets. For example, the Russian central bank is testing stablecoins attached to real assets. Many countries are openly pursuing central bank digital currencies (CBDC), while others are exploring this possibility. Known names working on the issue are Uruguay, Sweden and India, which introduced the concept of digital rupees in the draft bill of cryptocurrencies.

Russian is one country that confused accepting cryptocurrency, in 2016 they ban cryptocurrency, then after Bitcoin price at peaked and it's become hype Russia change their decision to open cryptocurrency in their country, Putin also excited about cryptocurrency, then at Nov 2019 Russian Central bank say it would support crypto ban and now they start to testing stablecoin. Hmm.. Probably that's their economic strategy to against China vs America war trades

[asus09]

There have been many countries around the world accepting cryptocurrencies as well as testing digital assets. For example, the Russian central bank is testing stablecoins attached to real assets. Many countries are openly pursuing central bank digital currencies (CBDC), while others are exploring this possibility. Known names working on the issue are Uruguay, Sweden and India, which introduced the concept of digital rupees in the draft bill of cryptocurrencies.

Russian is one country that confused accepting cryptocurrency, in 2016 they ban cryptocurrency, then after Bitcoin price at peaked and it's become hype Russia change their decision to open cryptocurrency in their country, Putin also excited about cryptocurrency, then at Nov 2019 Russian Central bank say it would support crypto ban and now they start to testing stablecoin. Hmm.. Probably that's their economic strategy to against China vs America war trades

Firs time I know whit bitcoin last 2015 Russia have been interested for accepting bitcoin as legal currency payment and try to make bitcoin become competitor for USD as fiat payment currency always use by many countries, until four years later Russia look not accepted and make bitcoin become legal currency payment, does any one have give fake information about Russia accepted bitcoin or not.

[BartS]

There have been many countries around the world accepting cryptocurrencies as well as testing digital assets. For example, the Russian central bank is testing stablecoins attached to real assets. Many countries are openly pursuing central bank digital currencies (CBDC), while others are exploring this possibility. Known names working on the issue are Uruguay, Sweden and India, which introduced the concept of digital rupees in the draft bill of cryptocurrencies.

Russian is one country that confused accepting cryptocurrency, in 2016 they ban cryptocurrency, then after Bitcoin price at peaked and it's become hype Russia change their decision to open cryptocurrency in their country, Putin also excited about cryptocurrency, then at Nov 2019 Russian Central bank say it would support crypto ban and now they start to testing stablecoin. Hmm.. Probably that's their economic strategy to against China vs America war trades

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.

[cutesgirl]

Have result with country testing bitcoin as digital assets in 2020, maybe now have been three months after testing have been reward for getting result with bitcoin testing, available for using and adopting as legal currency payment or not. Have bitcoin need to upgrade for safety way to make bitcoin become most worth and profitable as payment currency payment?

[breathlessz]

There have been many countries around the world accepting cryptocurrencies as well as testing digital assets. For example, the Russian central bank is testing stablecoins attached to real assets. Many countries are openly pursuing central bank digital currencies (CBDC), while others are exploring this possibility. Known names working on the issue are Uruguay, Sweden and India, which introduced the concept of digital rupees in the draft bill of cryptocurrencies.

Russian is one country that confused accepting cryptocurrency, in 2016 they ban cryptocurrency, then after Bitcoin price at peaked and it's become hype Russia change their decision to open cryptocurrency in their country, Putin also excited about cryptocurrency, then at Nov 2019 Russian Central bank say it would support crypto ban and now they start to testing stablecoin. Hmm.. Probably that's their economic strategy to against China vs America war trades

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

[henrybek3]

Economically strong countries are more advantageous. I think cryptocurrency cannot be patronized by a direct state. It doesn't make sense. They can only incorporate them into their systems as a new investment tool. It can be perceived as gold.

[hatshepsut93]

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.

You could call it a change of heart if they legalized Bitcoin, started supporting in on a government level, give it all the perks of a national currency, use it as a reserve currency and so on. So far no country in the world made any steps towards it, maybe except for Japan, which is still nowhere near close to what I described.

The countries will be testing their own centralized shitcoins, and the key word here is "testing" - there's no guarantee that they will go live.

[bdivrik]

Many countries have taken digital money into review. Cryptocurrency is becoming more and more popular every passing day. This cannot be explained only by the investments of people who want to make money. People don't want their money to lose value. It's also easier to carry.

[BuNga_cute]

This is the effect of mass adoption of cryptocurrency which is growing more rapidly. So some countries try to make their own coins, and more
also the development of the digital era. It's already penetrated the financial sector, indeed it is most likely cashless began to be seen this year.
Hopefully with this positive news can slightly increase the price of cryptocurrency in the market. Indeed, the predictions of experts this year is
a year of awakening cryptocurrency, we just follow its development.

[sisule]

This is the effect of mass adoption of cryptocurrency which is growing more rapidly. So some countries try to make their own coins, and more
also the development of the digital era. It's already penetrated the financial sector, indeed it is most likely cashless began to be seen this year.
Hopefully with this positive news can slightly increase the price of cryptocurrency in the market. Indeed, the predictions of experts this year is
a year of awakening cryptocurrency, we just follow its development.

Many countries have adopted their own coin beside they have give warning for legal using bitcoin as currency digital assets payment, they try to give benefit for their people how earn much profit with blockchain era. Many countries want to adopt bitcoin as legal currency for allowing their own coin become popular in their country and have many investor with their own coin.

[awik p]

This is the effect of mass adoption of cryptocurrency which is growing more rapidly. So some countries try to make their own coins, and more
also the development of the digital era. It's already penetrated the financial sector, indeed it is most likely cashless began to be seen this year.
Hopefully with this positive news can slightly increase the price of cryptocurrency in the market. Indeed, the predictions of experts this year is
a year of awakening cryptocurrency, we just follow its development.

Many countries have adopted their own coin beside they have give warning for legal using bitcoin as currency digital assets payment, they try to give benefit for their people how earn much profit with blockchain era. Many countries want to adopt bitcoin as legal currency for allowing their own coin become popular in their country and have many investor with their own coin.

the government has begun to realize that the development of the digital age is getting more advanced and they must follow it. but if they make their own currency is it controlled or free as in cryptocurrency? I guess we can't wait to wait for its development

[EdvinZ]

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.

[senin]

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.

Information has already appeared that about 70 percent of all states intend to issue their national stable coins. In any case, the list is far from complete. It seems that this year there will be a boom of stable coins of various states. Most likely, this was prompted by the appearance of information about the upcoming release of the Libra coin. States have finally realized that they may be aloof from the new opportunities in the financial sector of the economy that blockchain technology provides. In my opinion, everything is logical and logical.

[BartS]

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.

[Ethereums]

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.

talk about testing, they probably had run on their own sandbox for it. By the way, the issue of world war is coming, from Trump strikes and killing Iran general could become a hot issue for cryptocurrency. This industry still on the growing phase right now, for mass adoption many governments still thinking better approach which is trying to regulate for their safety ( by using it to buy directly or online ). Since then their target only local exchangers and get tax retribution from their transaction as i believe.

[sisule]

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.