Kakashi2020 Posted December 8, 2018 Share Posted December 8, 2018 Which Country do you think would be the first to regulate the use of Bitcoin and other Cryptocurrencies? Quote Link to comment https://slingbank.com/forums/topic/1894-which-country-do-you-think-would-be-the-first-to-accept-and-regulate-cryptocurrencies/ Share on other sites More sharing options...
Alania Posted December 9, 2018 Share Posted December 9, 2018 Tough question, because I believe it can be done by either a rich or a poor country. Both can be for and against it. I personally believe it will be either Japan or US. In the past years, Japan has been demonstrating a lot of progression in our world. Quote Link to comment https://slingbank.com/forums/topic/1894-which-country-do-you-think-would-be-the-first-to-accept-and-regulate-cryptocurrencies/#findComment-3363 Share on other sites More sharing options...
Martinsx Posted December 9, 2018 Share Posted December 9, 2018 I would pick the United States of America, UK and China. These three countries are very well placed and open to the use of cryptocurrencies from the looks of things at the moment. Quote Link to comment https://slingbank.com/forums/topic/1894-which-country-do-you-think-would-be-the-first-to-accept-and-regulate-cryptocurrencies/#findComment-3364 Share on other sites More sharing options...
janie1984 Posted December 9, 2018 Share Posted December 9, 2018 Based on the latest news developing in the crytpocurrency world, I think South Korea will be the first to create regulation regarding the currency and also be the first ones to use it. They're another country that tends to be ahead of the technological trends and they're very competitive with Japan. Plus they're country has been going through some tumoltuous times so a major change of branding and refocusing people's attention is needed. Quote Link to comment https://slingbank.com/forums/topic/1894-which-country-do-you-think-would-be-the-first-to-accept-and-regulate-cryptocurrencies/#findComment-3371 Share on other sites More sharing options...
NerdIndeed Posted December 9, 2018 Share Posted December 9, 2018 I'd say Japan. No reason whatsoever but the country is way ahead of everyone else when it comes to the application of technology, and they have this reputation of not being afraid to try things first hand before everybody else. Quote Link to comment https://slingbank.com/forums/topic/1894-which-country-do-you-think-would-be-the-first-to-accept-and-regulate-cryptocurrencies/#findComment-3387 Share on other sites More sharing options...
cks003 Posted December 10, 2018 Share Posted December 10, 2018 Japan had accepted trading and usage of bitcoin in 2017 and 260000 retail merchants had started using it since last year. But regulating Bitcoin network by any means is too far fetched as the network is too decentralised and the governance is not concentrated in few jurisdictions. Unlike private blockchain, Bitcoin network is publicly accessible and the nodes are spread throughout the world. Regulation can be imposed on the unregulated exchanges, which are not directly related to the blockchain. Quote Link to comment https://slingbank.com/forums/topic/1894-which-country-do-you-think-would-be-the-first-to-accept-and-regulate-cryptocurrencies/#findComment-3392 Share on other sites More sharing options...
JPK0007 Posted December 10, 2018 Share Posted December 10, 2018 Well i guess Bitcoin is accepted or at least is not opposed by some important countries like Canada and Australia and some other smaller European countries. I guess for Bitcoin to get some kind of higher credibility countries like USA, China , India need to accept it openly. Once these countries start being more friendly to Bitcoin transactions, it will definitely pave way for the wider acceptance of cryptocurrencies all over the World. Quote Link to comment https://slingbank.com/forums/topic/1894-which-country-do-you-think-would-be-the-first-to-accept-and-regulate-cryptocurrencies/#findComment-3454 Share on other sites More sharing options...
Kakashi2020 Posted December 11, 2018 Author Share Posted December 11, 2018 On 12/10/2018 at 5:30 AM, NerdIndeed said: I'd say Japan. No reason whatsoever but the country is way ahead of everyone else when it comes to the application of technology, and they have this reputation of not being afraid to try things first hand before everybody else. I too expect Japan to be the first Nation to regulate Bitcoin and other Cryptocurrencies. It's because it's people are more receptive to Cryptocurrencies. Quote Link to comment https://slingbank.com/forums/topic/1894-which-country-do-you-think-would-be-the-first-to-accept-and-regulate-cryptocurrencies/#findComment-3473 Share on other sites More sharing options...
Alania Posted December 11, 2018 Share Posted December 11, 2018 53 minutes ago, Kakashi2020 said: I too expect Japan to be the first Nation to regulate Bitcoin and other Cryptocurrencies. It's because it's people are more receptive to Cryptocurrencies. I even heard Japan has forbidden humanitarian (liberal) sciences. Japan is already trying to make innovations, as they have very smart economical analytics. I believe we might see Bitcoin as Japan's 2nd currency some time soon. Quote Link to comment https://slingbank.com/forums/topic/1894-which-country-do-you-think-would-be-the-first-to-accept-and-regulate-cryptocurrencies/#findComment-3483 Share on other sites More sharing options...
NerdIndeed Posted December 11, 2018 Share Posted December 11, 2018 42 minutes ago, Alania said: I even heard Japan has forbidden humanitarian (liberal) sciences. Japan is already trying to make innovations, as they have very smart economical analytics. I believe we might see Bitcoin as Japan's 2nd currency some time soon. Maybe. Regarding its adoption, there's this risk of cybercrime and terrorism which thrives off of that "anonymity" factor of the internet. But once these security threats are addressed, Bitcoin might be the de facto currency of the internet. Quote Link to comment https://slingbank.com/forums/topic/1894-which-country-do-you-think-would-be-the-first-to-accept-and-regulate-cryptocurrencies/#findComment-3485 Share on other sites More sharing options...
Kakashi2020 Posted January 4, 2019 Author Share Posted January 4, 2019 I recently read that noone really knows where Bitcoin where launched or from where the the first block called Genesis Block was mined. All the while I thought that it was either in Japan because of the name of the so-called inventor or in the United States but in fact no one really knows where it originated or where it was invented or mined. Quote Link to comment https://slingbank.com/forums/topic/1894-which-country-do-you-think-would-be-the-first-to-accept-and-regulate-cryptocurrencies/#findComment-3811 Share on other sites More sharing options...
shobeuy53 Posted January 4, 2019 Share Posted January 4, 2019 I hope that our country the Philippines will accept and regulate cryptocurrencies. I hope its not too late for our country to adapt to it. I am thankful for coins.ph that I have. Quote Link to comment https://slingbank.com/forums/topic/1894-which-country-do-you-think-would-be-the-first-to-accept-and-regulate-cryptocurrencies/#findComment-3821 Share on other sites More sharing options...
Rathiel Posted January 4, 2019 Share Posted January 4, 2019 Honestly, I think it'd have to be Japan or South Korea. When it comes to digital advancements and integrating new technologies into the daily lives of their citizens, these countries almost always appear to be the most flexible. Given the automation already present in their country, it wouldn't be too farfetched to think that they'd be able to integrate the use of bitcoin into the equation. I think it's a little too early to tell at this point, though. Quote Link to comment https://slingbank.com/forums/topic/1894-which-country-do-you-think-would-be-the-first-to-accept-and-regulate-cryptocurrencies/#findComment-3823 Share on other sites More sharing options...
axel Posted January 16, 2021 Share Posted January 16, 2021 I did a little bit of research and it seems that Malta is the first country to introduce an organized framework for currency use. Quote Link to comment https://slingbank.com/forums/topic/1894-which-country-do-you-think-would-be-the-first-to-accept-and-regulate-cryptocurrencies/#findComment-12695 Share on other sites More sharing options...
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