The East versus West Debate in Cryptocurrencies

[Paglamon]

Even though countries like America and the western world saw the first great steps being taken towards cryptocurrencies, it is the eastern countries, which have started dominating the crypto scene. Countries like South Korea, Japan, and even China (the world’s biggest mining site) are transforming the way technology works in crypto and Blockchain. Many of the countries mentioned above are exhibiting a positive attitude to exploring and investing in crypto and Blockchain technology. Given the near dormant nature of the same in western countries, many brilliant minds are flocking little surprise to eastern countries. Many also state that the west, especially America is making a big mistake in not studying the effects and impact of crypto technology. Geopolitical experts are also of the opinion that this might be a major area of leveraging international influence on the global community. If the future of the world is investing in new technology like crypto and Blockchain, the USA is playing the silent game at the sidelines presently. This is something, which has categorized American foreign policy in recent years. However, if things stay the way they are, some other country (most notably in Asia) might take away the mantle of being a global superpower.