4111
News related to Crypto / Re: Kazakh Gov Plans to Double Its Investment in Digital Currency Mining
« on: July 02, 2020, 08:59:26 AM »In the near future, it should be expected that most states will issue their own national stable coins. This will reduce the cost and speed up the circulation of their national currencies. The government of Kazakhstan has already understood the benefits of using its digitized currencies.
What surprises me a bit is that it is the government that doubles investments in cryptocurrency mining. This is usually done by private business.
Maybe this is with cooperation of private businesses and the government is just doing its job of promoting and approving projects as they know that this can be a big source of foreign currency. This country has a vision of the future of cryptocurrency and it wanna be ahead of the pack, so to speak. Of course, there will be problems along the way but the benefits outweighs the possible risks.