Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency discussions => Topic started by: TomPluz on January 26, 2021, 04:30:24 AM
-
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.
-
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.
-
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.
-
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.
-
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.
-
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.
-
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.
-
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
-
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!
-
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.
-
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.
-
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.
-
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.
-
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.
-
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
-
I think that the country leading in the crypto currency trading and investment bringing Switzerland firstly followed by Asian country all though some people thought of USA and China because of their strong economy,but is important to know that any crypto currency project that doesn't meet up the US regulatory rules system is not allowed to run the project.thats why USA can be the lead in crypto and blockchain.
-
the countries that recognize the value of crypto in my opinion for now are china, japan, germany, switzerland, holland, singapore the usa are controversial, on the one hand they accept them but on the other hand they put brakes with the sec
-
the countries that recognize the value of crypto in my opinion for now are china, japan, germany, switzerland, holland, singapore the usa are controversial, on the one hand they accept them but on the other hand they put brakes with the sec
There are many countries accepting crypto currency development. I guess the country that will lead is no other than US. In spite China is the biggest country in the planet earth, they cannot over take the advancement of US. Both counties accept crypto but they are not totally legal and not promoted by the government.
-
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.
I agree that China will continue to lead the way in blockchain adoption, but its government will also be suspicious of cryptocurrency and especially decentralized cryptocurrency.
The US government is too tough on cryptocurrency and many high-ranking officials see only a negative side in it. Japan is not a bad contender in this regard. However, we are on the verge of mass legalization of cryptocurrencies by states and the situation may change in the near future.
-
IMHO, I believe it was Japan and South Korea these countries are not far from the technologically advanced countries in the world and it has also a friendly regulatory framework thats why I believe this country will be leading in Blockchain technology adoption including in the crypto industry as well.
-
At present i believe that USA lead the crypto currency but in future china lead the crypto currency because china government have taken their concentration about the crytpo currency. They deserve that crypto will be the future power of economy.
-
The United States leads in the development of cryptocurrency. But on the other hand, China also wants to lead the cryptocurrency currency. Already they are showing a lot of progress with cryptocurrency. Again, Japan is not far behind in the world of technology and blockchains. They also want to be a leading partner in cryptocurrency currencies. But in my opinion, the United States will continue to lead.
-
I think Ukraine are more adopted to cryptocurrencies the most based on estimating total cryptocurrency received by that country. Though China has the highest number of chains deposit.
-
I think the EU has a good power to lead the progress of crypto and Blockchain, I have seen the information about Bitcoin tax exemption there and I think it will make it easier for everyone to Invest in crypto and there will be many blockchain project development in the future.
In October 2015, the Court of Justice of the European Union ruled that "The exchange of traditional currencies for units of the 'bitcoin' virtual currency is exempt from VAT" and that "Member States must exempt, inter alia, transactions relating to 'currency , bank notes and coins used as legal tender '", making bitcoin a currency as opposed to being a commodity. [4] [5] According to judges, the tax should not be charged because bitcoins should be treated as a means of payment. [6]
-
I think the first blockchain elections will be held in Estonia. But that's just my subjective opinion, no advice for investments ;D
-
It could be that sooner or later they will start to get interested in blockchain technology, unfortunately they take too much consideration and still think crypto is one eye. Maybe there needs to be evidence from other countries that have successfully adopted crypto technology to make them a little hot and get interested.
-
Countries like Japan and Germany have always been playing a leading role in crypto and blockchain. Other countries like USA, Singapore etc. have also started accepting this technology.
-
The level of security, guarantees, grace and other things related to finance in America is very difficult.
I have seen Ripple being audited by the SEC causing its price to drop and then Bittrex removing for trading from private coins like Dash, Zcash and Monero.
America is difficult to get certainty due to legal factors, but after passing the verification, everything will feel very easy.
-
It happened or it didn't. But I myself believe that this blockchain technology will certainly be able to be developed in a real way and become a big project in the progress of a country.