United States and China, where is the country of crypto?

[MrSpasybo]

United States and China, where is the country of crypto?
In the past, along with many small island nations, Japan was the destination of many crypto projects because they constantly innovated regulations to adapt to the new economy with the presence of cryptocurrency and new capital mobilization - ICO.
Meanwhile, the United States, or the SEC in particular, has repeatedly "cracked down" and "suppressed" many potential ICO projects, causing many ICO projects to not allow US citizens to participate in Token-Sale. .
China has had such a time, but now they are changing, considering blockchain as one of the basic directions in the present, urgently issuing Yuan to blockchain and supporting some big exchanges that everyone knows, together with the world's leading mining industry.
I am afraid that if the situation continues as it is now, China will be able to manipulate the crypto community in the future.

For you, where is the country for crypto?

[I-Bit]

I think there is no country in crypto. All the countries have their own roles in crypto space. As we know crypto space isn't owned by any country or individual. So, actually, we all have the crypto and all countries have their own influences.

[Fenix]

Cryptocurrency cannot be limited by any territorial boundaries, all states and all people, wherever they are, can contribute to the development of cryptocurrency. Therefore, now all countries where cryptocurrency is actively used are crypto countries. The United States or China are not even among the countries where governments are most loyal to cryptocurrency. To some extent, the country of crypto can be called Japan, which was the first to legalize cryptocurrency in April 2017 and is always among the first to introduce it into its economy.

[Pegasus]

In my opinion, neither the US or China is the country of crypto. Aside from Japan, South Korea is also a crypto land with such good coins: ICX, AION, Fantom... and decent exchanges: Bithumb, Upbit... Both the US and China are banning ICOs. Miners had to move out of China, Chinese exchanges from Binance, Okex to Kucoin, Huobi... had to license in other countries. China and the US can't be the country of crypto, at least for now. Leveraging blockchain to issue a digital currency doesn't mean that Chinese government will let crypto mainstream in its country.

[masterrex]

I think no country can claim that title as a crypto nation, Both the United States and China have a different crypto industry contribution like crypto mining, trading, and mining equipment manufacturing, etc but It doesn't mean that they can be called as a crypto nation. if you look deeply into why Satoshi Nakamoto was created Bitcoin, the mean objective and purpose are too decentralized the global financial services, and the US and China are two of the Biggest Centralized financial economy in the world so both countries are not the good candidate to be called a crypto nation. But only two of the world's crypto industry players.   

[debra]

These two countries are big countries with great skills and power to the global, moreover to the crypto world. But, in the crypto world, Russia also has the same. In this case, China may be greater, moreover, there are most miners in this country and many new projects or institutions using blockchain and crypto-based in China.

[Ghozrd]

If I look at data from the legality of Bitcoin by country or region according to this information: https://en.wikipedia.org/wiki/Legality_of_bitcoin_by_country_or_territory then we can see several maps from several countries that have used crypto for transactions or investments.


From here I think that China will make stable coins like USDT and many other stable coins so they have stable crypto assets, but all countries can now make stable coins and it will be very difficult for a country to manipulate the crypto community because we will always see coins new products that are better and faster and safer transactions from developers in every country

[ReeMartin]

From here I think that China will make stable coins like USDT and many other stable coins so they have stable crypto assets, but all countries can now make stable coins and it will be very difficult for a country to manipulate the crypto community because we will always see coins new products that are better and faster and safer transactions from developers in every country

Have you checked the countries that said yes or no to the bitcoin that published by investopedia?

In the history of crypto mostly the bans of bitcoin came from china rather than US. US is very positive to the bitcoin existence as long as it's not included as security.

I thought that's not true if china is much more friendly than bitcoin. Digital yuan has already created but it's for the local user only.

[Senin]

The country of cryptocurrency can now be called many countries, such as Japan or South Korea. However, in my opinion, this is definitely not the United States or China. In the US and China, governments are not very friendly with decentralized cryptocurrencies. In order to be a crypto country, the common efforts of people and government are needed. In general, in order for the cryptocurrency to grow and develop, it needs to be evenly distributed across all countries.

[Leonardo]

The country of cryptocurrency can now be called many countries, such as Japan or South Korea. However, in my opinion, this is definitely not the United States or China. In the US and China, governments are not very friendly with decentralized cryptocurrencies. In order to be a crypto country, the common efforts of people and government are needed. In general, in order for the cryptocurrency to grow and develop, it needs to be evenly distributed across all countries.

Can't agree more. If there is a country so called "Country of crypto", it must be Japan or South Korea. Both the US and China, though they have a huge amount of crypto traders but their governments are hostile to crypto. It's the fact that Chinese exchanges like Binance and Huobi must migrate from China for business registration.

[Paglamon]

Cryptocurrency is not limited to any country or organization. People in any country can use cryptocurrency. It is not given on the specified map. Further cryptocurrency does not care about the approval of any country. On the contrary, if a country approves cryptocurrency, there may be some development in the economy. Most developed countries have cryptocurrency approvals. There are also various benefits. Their country's economy is much better. So there is no such thing as throwing away cryptocurrency.

[TomPluz]

I would venture to say that the country of cryptocurrency can be the country where you are based. But if one is going to insist on such a question, I would choose Japan and even some smaller European countries that are embracing the blockchain and crypto with open arms. As to the USA and China, there are good and biog developments on these countries but governments of both countries are not so keen to freely allow cryptocurrency, and they are passing and implementing regulations and restrictions in the name of control, protecting the consumers/investors and taxation.

[Istiak]

They must be thinking when other EU country is adapting to this new economy then why they shouldn't take that advantages. I saw news about these two countries adaption to crypto. The United States’ concerns about the rise of cryptocurrency use in illegal activities have only been growing as developments in the space continue to push the envelope. May be Thats the reasons they are trying to be with the flow not against it.

[bigcash2011]

In terms of crypto if we compare these 2 big countries then definitely China is way ahead and they have also developed their own digital currency while they also crack down on fake or scam coins which shows that they are serious about this sector while US govt is still unclear regarding digital currencies and crypto.

[tinakoya]

When it comes to crypto, there is no country of crypto because crypto is everywhere now. China is more opened-minded and developing their very own digital currency. US need to allow the crypto space to breathe