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bytebulls (OP)
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May 07, 2020, 06:07:31 AM
Last edit: November 22, 2022, 10:59:02 AM by bytebulls
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May 07, 2020, 06:11:27 AM
 #2

In the development of today's global economy, the role of digital currency is becoming more and more important, and many countries have also begun to implement their own central bank digital currency, which shows that in the near future, the supervision of digital currency will be more and more reasonably loose
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May 07, 2020, 06:23:33 AM
 #3

India on a contrary was just refreshed their Law regarding crypto
 because i believe that their RBI is the only one
 that pushing the banning of crypto use in their country,while South
 Korea can Lure other asian country to adopt
 this currencies because like Japan they are one of the Biggest and
 richest country in the continent,and also
Those 2 mentioned above can help the adoption to come reality in
 the countries next to them.

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May 07, 2020, 06:26:43 AM
 #4

Recently read the news about this. I don’t remember which country. He is going to invest in cryptocurrency, but for some reason no one is happy about this. Everyone considers this a rash move. I don’t know how it will end, I think it will last a long time. If you see the news again, I will describe in more detail.
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May 07, 2020, 06:37:11 AM
 #5

India did not have any law which stated a ban on cryptocurrency. It has always allowed trading and holding of cryptocurrency at the investors risk. The government has always stated that cryptocurrency cannot be banned as it is nota physical currency and is not consider as a legal tender.

The hear of all banks which is known as RBI had placed a ban on transactions which involved cryptocurrency. To overcome this situation Indian crypto community moved to the supreme court against this ban and in the mean time implemented P2P system. Now the ruling has been given in favour of the community and everything is normal as it was earlier.

I am not sure whether the neighbouring countries will also follow the same principle. But, currently except India all countries that are neighbouring to it have banned cryptocurrency transaction. They are Pakistan, Nepal, Bangladesh and Srilanka.

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May 07, 2020, 06:55:25 AM
 #6

As I can see it looks like many will follow the path those countries mentioned. With the current virus that has been on the news lately, those countries realize the potential of digital currencies to be more valuable on the future so they started to do it. Italy becomes interested on blockchain and even allow their bank to do some trading, well for an online wallet purse, everythinf would be easy to access. But I am concerned about the banking industry if those blockchain will continue to adopt by most that would be a real risk to their business. Instead of using bank, people will tend over blockchain projects to process their money. But blockchain is not perfect and there are still flaws to this system.

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May 07, 2020, 07:32:09 AM
 #7

In the past two months,, some countries have been attracting attention in strengthening cryptocurrency adoption. Financial regulators and legislators in India, South Korea, Germany, and France have all passed crypto-friendly laws, which has eased their attitudes towards cryptocurrencies.

These new legislations are seen as bullish signals by the crypto community. In other words, these four countries are seen as leaders in other countries, and they may lead more countries to warm up for cryptocurrencies in the future.

How do you think about this?

It has already stated so many times of the crypto adoption needs the more time. We must realize if those countries must try to explore or at least try to dig the potential of crypto to be used as the n ext generation of stock market.
The adoption is about to begin and our journey is still very long consider we were just about to start.

I believe the next will be US



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May 07, 2020, 08:04:14 AM
 #8

The really big ones that matter at the moment have not, however,,, and I am talking about United States and China.

They are still making it very hard for crypto companies to do stuff,,, even for individual P2p trading it is illegal, which is ridiculous as people go ahead and do it anyway.

So I say,,, it does not matter in the end. Crypto will grow out of that.

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May 07, 2020, 08:32:19 AM
 #9

Yes it feels good knowing that more and more countries are coming up with lesser and friendly regulations which will accommodate crypto projects and I think this shows that, these countries are understanding that crypto is here to stay with us and will make sense they tap into its potentials early. As for other countries opening up, well, hardly can anyone say because every country have their perspectives about crypto thus we can only but hope they do it sooner than later.

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May 07, 2020, 08:39:30 AM
 #10

The really big ones that matter at the moment have not, however,,, and I am talking about United States and China.

They are still making it very hard for crypto companies to do stuff,,, even for individual P2p trading it is illegal, which is ridiculous as people go ahead and do it anyway.

So I say,,, it does not matter in the end. Crypto will grow out of that.
As far as I know, China is preparing to issue cryptocurrencies, which is a great signal for cryptocurrencies and blockchain, if they are successful and widely used, I believe that this whole market will grow and not be constrained like before
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May 07, 2020, 08:44:10 AM
 #11

In the past two months,, some countries have been attracting attention in strengthening cryptocurrency adoption. Financial regulators and legislators in India, South Korea, Germany, and France have all passed crypto-friendly laws, which has eased their attitudes towards cryptocurrencies.

These new legislations are seen as bullish signals by the crypto community. In other words, these four countries are seen as leaders in other countries, and they may lead more countries to warm up for cryptocurrencies in the future.

How do you think about this?

I know the reality of this will be a great joy to crypto industry.  The interest of some country governments policies in crptos will go a long way in increasing the adoption and will welcome more investors into the industry.  This is our desire and we are optimistic that more countries will come to the light of this.
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May 08, 2020, 05:42:51 AM
 #12

Yes it feels good knowing that more and more countries are coming up with lesser and friendly regulations which will accommodate crypto projects and I think this shows that, these countries are understanding that crypto is here to stay with us and will make sense they tap into its potentials early. As for other countries opening up, well, hardly can anyone say because every country have their perspectives about crypto thus we can only but hope they do it sooner than later.

Yes, although there are still some countries that are not friendly to cryptocurrencies, but I think this is because the development of cryptocurrencies is still in the preliminary stage, it will become more and more perfect in the future, and gradually be accepted
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May 08, 2020, 06:02:13 AM
 #13

Most of the countries are waiting on standby and watching out how the countries that allowed are progressing. Definitely more countries will ease regulations in the future.

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May 08, 2020, 06:22:17 AM
 #14

Big countries seemed to be crypto friendly, so I guess more countries will just follow.

What I really like to see in the future is that China will become pro crypto and they will allow bitcoin and other crypto to used by their citizen for online transaction and for sure the crypto space will boom more since what makes the crypto market success is a massive adoption and it will only happen if the market will be fully legalized.

R


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May 08, 2020, 07:22:18 AM
 #15

In the past two months,, some countries have been attracting attention in strengthening cryptocurrency adoption. Financial regulators and legislators in India, South Korea, Germany, and France have all passed crypto-friendly laws, which has eased their attitudes towards cryptocurrencies.

These new legislations are seen as bullish signals by the crypto community. In other words, these four countries are seen as leaders in other countries, and they may lead more countries to warm up for cryptocurrencies in the future.

How do you think about this?

The more countries that legalize cryptocurrency and have regulations, I think will at least attract the interest of the public to invest. In addition, the adoption process will continue to grow and this makes the merchants dare to accept payment in the form of crypto

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May 08, 2020, 08:59:21 AM
 #16

In the past two months,, some countries have been attracting attention in strengthening cryptocurrency adoption. Financial regulators and legislators in India, South Korea, Germany, and France have all passed crypto-friendly laws, which has eased their attitudes towards cryptocurrencies.

These new legislations are seen as bullish signals by the crypto community. In other words, these four countries are seen as leaders in other countries, and they may lead more countries to warm up for cryptocurrencies in the future.

How do you think about this?

From my own personal point of view, I think crypto friendly regulations are good for the better sanitization of the crypto space,  I mean look around, things are not in order nor are they mostly done properly, it is because of regulations we are able to co-exist as people in our homes, countries, if you want to have a smooth and healthy crypto environment, and a mass adoption of both government and individual's all around the world,  friendly regulations is important.
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May 08, 2020, 09:26:03 AM
 #17

In the past two months,, some countries have been attracting attention in strengthening cryptocurrency adoption. Financial regulators and legislators in India, South Korea, Germany, and France have all passed crypto-friendly laws, which has eased their attitudes towards cryptocurrencies.

These new legislations are seen as bullish signals by the crypto community. In other words, these four countries are seen as leaders in other countries, and they may lead more countries to warm up for cryptocurrencies in the future.

How do you think about this?

From my own personal point of view, I think crypto friendly regulations are good for the better sanitization of the crypto space,  I mean look around, things are not in order nor are they mostly done properly, it is because of regulations we are able to co-exist as people in our homes, countries, if you want to have a smooth and healthy crypto environment, and a mass adoption of both government and individual's all around the world,  friendly regulations is important.

Agree, regulation will affect investor interest in investing in the cryptocurrency market. Every investor would need legal certainty and with regulations, investors will feel comfortable when deciding to save cryptocurrency
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May 08, 2020, 07:13:45 PM
 #18

Many Asian countries are neutral and ok with cryptocurrencies so you missed a lot of them. And one of the country that has been getting noise from the community was Malta. One of the first country that has announced it's support to cryptocurrencies.

I barely remember the talks during G20 but that added exposure for cryptocurrency. And the first countries that has adopted cryptocurrency and made appropriate legality measures will be followed by those countries that are still testing the waters.

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May 08, 2020, 07:20:12 PM
 #19

It seems like the new trend and it is becoming the binding to some governments to do that even if they do not want to due to various factors, one is the futuristic technology where they will lag behind the world if they do not adopt it. Second is public pressure who wants it for investments and payments thirdly i have seen courts in some countries ruling in favor of crypto which is great thing.

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May 08, 2020, 07:41:32 PM
 #20

There is no straight yes or no answer here since we don't know the whole picture yet but based from what I see some countries will still have laws against crypto and the only thing that could change them are the countries who have crypto friendly laws. What I mean about that is if these countries who have unfavorable laws in crypto are seeing that these countries with crypto friendly laws are benefiting from the growth of the crypto industry in their country they will see that they are missing a big opportunity. That's why you will see a lot of countries who have been against Bitcoin like India and Russia changing their opinion with crypto since they know that they are being left out.
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