Countries are moving to regulate the cryptocurrencies

[Swapzone 174]

That is really a good step towards crypto adoption. Hopefully, some more countries will join the list soon.

[Tunuu 2235]

Many countries are now adopting cryptocurrencies which is a very good thing. Hopeful in 2021 we will see more countries increasing to adopt cryptocurrencies which will bring impact to their citizens.

[Guru2050 8284]

Well I won't purportedly say it can be possible for them, but assuming government is able to regulate Crypto currencies system, I think Crypto world had shifted from it real meanings. Because we know that from the exceptional and unique features which distinguishes Crypto currencies system and fiat currencies.

[Projectcrypto 4382]

It is a good news to the world of Cryptocurrency and I hope to see more of that soon because legalizing crypto all over the world is a good positive idea and it will unite us more also make transactions easy than the way it is now. It is better to make use of Cryptocurrency now as a medium of exchange because it will reduce the spread of Corona virus across the universe.

[Ridam 7455]

It's really a great move by all of these countries. And because of this pandemic and situation most of the countries and organizations knew about the importance of Crypto and digital currency that's why we see big investors coming even more. This would be the lesson for other countries too. If higher ranked countries make such steps the neighbors country also get positive response about Crypto. It clearly shows the Crypto is future and those who knew it earlier are moving towards it already.

Edited August 31, 2020 by Ridam
Spelling mistake

[CryptoDemon 370]

On 4/12/2020 at 8:07 PM, Jone20 said:

10 countries are moving to regulate the cryptocurrency sector, despite the spread of the Corona virus in most countries of the world, 10 countries have made announcements regarding the regulation of digital currencies and their regulation gradually within the regulations of their digital currencies. The international moves to organize cryptocurrency dealings were in the following order:

•   First - Japan
•   Second - Malaysia
•   Third - Singapore
•   Fourth - Spain
•   Fifth - Germany
•   Sixth - India
•   Seventh- the Philippines
•   Eighth - America
•   Tenth - South Korea

We can consider these steps as positive steps in the world of Crypto.

I hope that other countries can also regulate the crypto currency and legalize it on their country so that more peoples will ba available to use crypto currency freely.

[percare 3192]

I'm not sure that Malaysia is this high in regulations. Japan is ahead though and has allowed crypto totally and regulated but all the rest are behind and still have a lot to do. Singapore also is a good place for crypto business but the rest are not. They just tax and some are trying to ban crypto.

[iloveyobit 6599]

Even in Africa, there are some countries that have facilitated dealing with Bitcoin and Crypto, for example Nigeria, in any case despite the slow progress, but this is great news.

[decemberends 1881]

wait really philippines are in the cryptocurrency too i didnt expect that yet as alot of problems that were dealing with never thought it would even consider philippines adding crypto but here we are seeing it but anyways switzerland might be next as they are planning to do it so i think.

[bogdanoff 3173]

Japan and Singapore are the most progressive countries with a very positive stane on cryptocurrencies. Lately I have heard news about Europe planning to create a framework that will legalize cryptocurrencies and perhaps this will be announced by the end of this year. This will be the huge news if Europe is not very strict and ask for everyone to pass KYC.

[TimopheyKa 3900]

This is very cool! After all, I think this opportunity will help States to unlock the full potential of the blockchain system , and of course, expand the opportunities for currency exchange in their countries! I think the adaptation of countries to cryptocurrency is very good, rather than empty and evil anonymity!

[Cryptic 0]

It would help a lot and could contribute to the price of cryptocurrency because the demand will be increased. It was a good move, it would a lot to their citizens especially when crisis arise. They could use it for financial support especially to those in needs. 

[cryptovlek 2597]

It is good that many countrys are trying to regulate cryptocurency and many are made the believe to use them but other not allow them and afraid of them. They need to see what this is and not just fear without look first, cryptocurrencies can halp a lot a country that has currency problems and can help the citizens with money problems, a lot can be but they are not looking. Blockchain can help too the economy and remove the corruption.

[Sykkuno 2887]

All countries must accept crypto for trade and payment because there is no point stopping they can be used if someone wants without the countries want it. If a seller wants crypto he don't need to ask his government he can just accept crypto payments.

[P A Ashif 2409]

Definitely I want to hear this type of news more. And I am little surprised that india is in the list. Because I read news that india is again going to implement ban on the crypto trading. So is it genuine news? But if it is like that then it will.be great. All indian must be happy to see the name there.

[Teminali69 1081]

1 hour ago, P A Ashif said:

Definitely I want to hear this type of news more. And I am little surprised that india is in the list. Because I read news that india is again going to implement ban on the crypto trading. So is it genuine news? But if it is like that then it will.be great. All indian must be happy to see the name there.

The problem with governments is that they expect to profit from crypto after regulating it only to find out that is impossible to even collect taxes from crypto.

[Izeal 4404]

They are developed country but I am very happy with the progress of the third world countries where most of the people are uneducated are also regulating cryptocurrency which is good thing but there are many risk in the same time. One of the main risk is trading of illegal items from the cryptocurrency and money laundering.

[Waqar Satar 500]

I am happy to see this step. It will increase the value of crypto currencies and make new trends in international market. I think that in the near future, most of the countries do trading and exchange with crypto currencies. And digital currency will be adopted worldwide.

[Jaafar Fahad Hassan 114]

This is indeed a very big positive step in the world of cryto, and I hope other countries try to regulate in cryptocurrency also, I couldn't find any African country in the post, I hope they understand and try to regulate

[Alex9876r 1408]

Among the reasons, I think that it is intangible money and thus does not transmit the virus. Secondly, it is safe investments, but unfortunately, not all countries have the financial capabilities or digital banks capable of linking this market with reality, but in the future everyone will strive hard to achieve this ..

[Cryptomint 433]

These are all good in economy and in these countries the Crypto currencies are being used legally therefore there the Crypto currencies are regulating

[maho06 154]

It is nice that countries support a new technology and working on it can give positive results in cryptocurrencies such as bitcoin, and it seems normal to go to a regulation because they want to earn income from it.

[kryptonick 2659]

Germany will probably be very strict but maybe with the banks lately accepting crypto they will push for relaxed regulations and not unfavorable as it was expected. Still this will probably be something the EU will adopt and we should be looking closer. Singapore is very pro Bitcoin and crypto and I expect the best regulations from this country.

[Matias1209 84]

On 12/4/2020 at 8:02, magd said:

Estos pasos probarán que las criptomonedas son muy importantes en tiempos de crisis porque estos países han dado tales pasos porque sintieron que una buena forma de apoyar su economía es ingresar legalmente a las criptomonedas y esto es muy positivo y apoyará la existencia de las criptomonedas.

If, given the growth of the crypto ecosystem and the great demand it is having, countries are already seeing it as a threat and have begun to issue regulations of all kinds, such as in China, the United Kingdom, etc. (Yobit).

[lonewolf 47]

its great news some countries are legalizing cryptocurrency and looking to regulate it, in time other countries will follow their lead too, hopefully.