0

[semobo]

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?

OP do you have any links to prove your statement? Many countries are allowing cryptos to trade on their country but they didn't made it legal as means of payment.

And in recent days people are confusing with digital currency and crypto currency, China announced a digital payment platform to avoid the spread but people though that they adopted crypto currencies and allowing the payments to takes place instead of their own fiat.

[adzino]

Yeah, they might but I doubt its going to be anytime soon. Currently, there are many countries out there that are kinda against crypto currencies. The government of those countries itself uses the media to spread only the negative aspect of cryptocurrencies. But, they do have their own reasons.
More countries will start crypto friendly legislation, they may start making their own coins, but unfortunately, they are going to be more like a centralized coin.

[kingzpro]

If we analyse what is happening in the world and the post corona scenario i can easily assume that world will move towards paperless society, more and more departments and businesses will convert to online/digital. Fiat or paper money will be discouraged and world will become pro crypto which will also result in mass adoption and i see it happening in next 12 to 18 months. So yes we will see more and more crypto friendly legislation all around the world in the coming months.

[bttmember]

The biggest hurdle seem to be US govt. And Sec there that seem to have unclear and confusing policies regarding crypto projects so it is high time they streamline their policies regarding crypto because US is considered the hub of technology and innovation so if they will not join the crypro revolution other countries like China can lead which definitely will be bad for American dominance.

[gundala]

~~~~

How do you think about this?

We know that the countries mentioned by the OP are among the countries that influence. Technological progress and open thinking from these countries related to crypto can be a reference for other countries. Of course, this will have a positive impact. Cryptocurrency has a positive side even though most countries are still concerned about its use for illegal activities due to anonymity, but the benefits associated with advancing technological progress cannot be ignored.

Yeah, they might but I doubt its going to be anytime soon. Currently, there are many countries out there that are kinda against crypto currencies. The government of those countries itself uses the media to spread only the negative aspect of cryptocurrencies. But, they do have their own reasons.
More countries will start crypto friendly legislation, they may start making their own coins, but unfortunately, they are going to be more like a centralized coin.

Right, like evolution, this change takes a long time. Everything needs a process right? then this can be an opportunity for us to learn and use this ecosystem as well as possible before it really becomes something common.

[Bonwin]

The biggest hurdle seem to be US govt. And Sec there that seem to have unclear and confusing policies regarding crypto projects so it is high time they streamline their policies regarding crypto because US is considered the hub of technology and innovation so if they will not join the crypro revolution other countries like China can lead which definitely will be bad for American dominance.

There is yet no green light as regards the US government having a positive response or total acceptance of cryptocurrency. Also, it does not outrightly seem they are totally against it. What they do is protect their citizens against fraudulent projects that probably sell tokens illegally. They have accepted that projects that issue security tokens mainly, because they know such will not be subject to crypto volatility. I know that if crypto is regulated today, they will come out once to fully support it.

[Chuky92]

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?

First it is wonderful knowing that cryptocurrency is now gaining attention to the extent countries are now passing bills and adjusting their regulations to accept and support the crypto space. What I think from this is, other countries will slowly ease up as well because crypto is a global thing and for it to survive till now while growing to worth so much more shows that there is more to be expected in the future.

[elementaryOS]

I think due to corona virus make some legislator see how the cryptocurrency would benefit them in this hard time. After this corona virus end, I don't know if they would keen on carrying out and pass any bill to help cryptocurrency become more mainstream. If everything back to normal, the banking system sure won't allow their pie share to any 'cryptocurrency'.

[Galley]

It would seem, in the current conditions of the coronavirus, it would be self-evident to make favorable conditions for the development of cashless payments using cryptocurrency. But bankers will never give even a small part of their profits. Total control over finances from their point of view should be with a limited circle of the elect. Therefore, all this is a matter of the distant future.

[bearexin]

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.

I am not really sure about this. Someone was saying that if the economy should start falling because of this Coronavirus pandemic, the government might have to stop people from making use of cryptocurrency. I don't know how right that might be, but I don't hope for it to happen. A lot of experts have been predicting a recession in this time of Coronavirus, and we don't know for how long it's going to be, I hope it doesn't last more than a few months and doesn't result in anything that will affect cryptocurrencies, especially Bitcoin. I'm looking forward to a better future in Bitcoin, when every country will learn to accept it.

More countries will start crypto friendly legislation, they may start making their own coins, but unfortunately, they are going to be more like a centralized coin.

They try their own coins but they will be proven wrong over the time. I believe trying their own coins will be helping people to adopt bitcoins kind of decentralized coins more deliberately after finding privacy issues with government based coins. So, some countries may work in favor of bitcoin adoption and some may directly legalize bitcoins.

[someone703]

I am only interested in Chinese cryptocurrencies. They are doing research on it and coming soon. If they succeed, this market will be positively affected and many new investors will participate in this market.

[CaVO32]

I think due to corona virus make some legislator see how the cryptocurrency would benefit them in this hard time. After this corona virus end, I don't know if they would keen on carrying out and pass any bill to help cryptocurrency become more mainstream. If everything back to normal, the banking system sure won't allow their pie share to any 'cryptocurrency'.

I hope those legislators will see the benefits of using cryptocurrency especially in this time of crisis. Cashless payment is very commendable as fiat money is one of the possible sources of this virus. I believe they will seriously consider the use of cryptocurrencies and look at the positive side of using it. Anyway, people can use it or merchants can integrate it in their payment system without waiting their approval unless they will totally ban the usage of crypto.

[JeffBrad12]

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, with the development of the economy and blockchain, the popularity of cryptocurrencies is a trend. China has already begun to use its own CBDC in some country. I believe this is a good start.

China has already the blockchain jobs and the release of digital yuan has already proven if crypto was also giving a huge impact on china to release the new regulation and innovation. More countries have already started to roll our their innovation to follow the trend that happened with cryptocurrency.
Crypto has brought a new trend for all countries to create their own innovation and started to leave the traditional crypto slowly. All of the countries will be crypto-friendly countries.

[mahilchii]

Definitely many countries now consider them as legal tender like India, France etc.. crypto is going to rule the world in near future.

The hot topic across the world is Chinese crypto where many of them are eagerly waiting to Invest on it. With over 1billion people in China they will surely come with strong capability especially when it comes to payment because they are already  the leader when it comes to mobile payment.

[Kotone]

I am only interested in Chinese cryptocurrencies. They are doing research on it and coming soon. If they succeed, this market will be positively affected and many new investors will participate in this market.

What so good about Chinese crypto? I know Chinese afe very good on business and everywhere they have community. But one thing I hate about them is their being selfish and doing all they can jusy to grow alone. I really did hope that this corona virus is not their planned. Legislation is not hard for a communist country, thats why open and democratic one are very strict about crypto cause as we hate it there are also negative effect on economy and thats what they are studying.