Which Country Will Lead in Crypto and Blockchain?

[TomPluz]

Right now, there are some countries which already recognized the power of the blockchain and cryptocurrency to be game-changers in different areas especially on matters of finance, banking and money. The blockchain, of course, can be adopted by any industry to make things better, faster and more transparent. Blockchain is not the solution to all problems we have but can certainly be of big help as a tool.

China is recognizing the blockchain and cryptocurrency by leading the way on research and by introducing its CBDC, though it may not recognize decentralized cryptocurrencies like Bitcoin, Ethereum and the others. I think this can be the same stance that other big countries like Russia and India are into.

In Japan and Germany, there is a strong interest with the blockchain and cryptocurrency and these countries are allowing big cryptocurrencies to flourish in the market amidst strong and strict regulatory framework. I think the same can be said for North Korea, Taiwan, Thailand, Australia, New Zealand, the Philippines and even Malaysia.

So what about the USA? Well, in the USA it is not illegal to own cryptocurrencies but one has to make sure that regulations are followed to the bones and tax matters are handled well, otherwise there might be a notice coming for you. Will USA be the leading force for the blockchain technology soon? Maybe yes maybe no.

[Thymoty]

I think that in the next few years, China will be a leader when it comes to cryptocurrency and blockchain development. Because currently they are more serious about the development of cryptocurrency and blockchain compared to other countries.

[viki]

I am sure that it will be China that will be the leader in crypto and blockchain, this country is developing very quickly in this direction and will take a leading position very soon.  Countries that join cryptocurrencies faster will have a huge advantage in the future.

[Condorlaib]

For some reason we lose sight of Japan, because this country is the most technologically advanced and high technologies prevail in Japan more than even in the USA, Europe or the Emirates. In addition, in Japan today, things are very well with the use of cryptocurrencies in the daily life of every Japanese citizen.

[Paglamon]

Cryptocurrency has improved a lot in all the developed countries of the world. Because blockchain technology has spread a lot in these countries. In Japan, for example, blockchain technology is highly valued. Imagine it as the main source of income in most countries. I think countries are technologically advanced. Such as Japan, China, United States.

[bigcash2011]

At the moment i guess China is leading the way globally as well as in Asian region while Europe is also very pro crypto region but now with change in US govt. Some analysts are expecting a pro crypto policy from US as well so lets see how the things unfold in coming months.

[Callisto]

I think that it will be China, because they are developing their own national cryptocurrency and they also issued a law to support mining in the country, this all has a positive effect on the crypto world in their country.

[Freemind]

I think in this there is no doubt, China is number 1 in blockchain. There are many crypto-friendly countries, Malta, Portugal, Vanuatu, and several more. But there are not so many countries that develop the blockchain (in Europe there is the European Blockchain Institute) but China undoubtedly surpasses the rest in development.

As a note I leave a link to an article that I read recently and talks about this: https://www.scmp.com/tech/blockchain/article/3117745/what-blockchain-how-it-works-and-how-china-will-lead-world

[Bobcrypto]

Initially China was kicking against crypto some years back especially as tjey ban the ICO advertising and unnecessary witch hunting crypto enthusiasts. Many Chinese were frustrated during the ICO fays, and now a huge adoption of crypto is currently swinging to Chine, as the nation that adopting to the blockchain and cryptocurrecy through the launch CBDC national digital token.
I think that in few years to come, many countries will enter the crypto space through the so called CBDC options, and I think whether centralized, as the case may be, at least, these countries are now very much aware that the blockchain and crypto is better options than the traditional fait system in many ways. Crypto/blockchain to the moon!

[Evgenklm]

I am sure that China will become the leader in this area, although there are not unambiguous news about cryptocurrency from them, but still in the Middle Kingdom they develop their own currency, if they have not already done so, and openly talk about it.

[Fivestar4everMVP]

It's had to tell,  but when it comes to anything technology, Japan and China have always been on the forefront, but in this case, I don't really hear much about japan supporting crypto so I think China is currently taking the lead and might continue to lead for a very long time if other countries continue to sleep like nothing is gonna happen, before they wake up, China must have gone far to the extent that no nation or country in the world would compete with them in terms of blockchain and crypto currency.

[KryptoBull]

For me, a blockchain technology leader must own many effective blockchain solutions, have many valuable blockchain-related patents. At least for now, the US has not shown an advantage in this regard, or the community does not fully understand the value of the blockchain patents that the US holds.
For China, they are just leading the wave of CBDC testing and adoption, and CBDCs are not operated on the real blockchain. It is still a blockchain controlled by the government.

[KKH84]

Either China or the USA will lead, because I personally think that those who will be able to lead are countries that have a strong economy and have strong influence in various countries. And both countries have the same opportunity.  So we are waiting for political developments in the two countries, because this can have a big influence.

[Delgboke]

I thought of Switzerland to be the leading country in the crypto and blockchain over the years and am hoping that Africa to be the next leading country in the blockchain and cryptocurrency although people are seen Asian and China to be leading in crypto and blockchain most trading country while the US  are the regulatory body of the blockchain and cryptocurrency project.

[Ezzi]

China is leading in the development of applications for decentralized finance and also the US and Russia are developing smart contracts, but Russia has been developing various applications for the sale of tokens and exchanges for more time in the labor market