Friendly Crypto Governmentscondensed-publication
POTENTIAL MAGNITUDE OF ECONOMIC CHANGE WITH CRYPTO
Crypto is more than a smarter financial option. It's empowerment for leveraging the digital resources that impacts one’s life. What should be clear to even novice crypto users is the importance of mitigating issues during the transition to a new digital economy.
As important as it is for the corporate world to not tread upon independent crypto users, regulatory mechanisms are an even more dire concern.
AN OVERVIEW OF REGULATORY INFLUENCES
Below are a couple of regulatory lists, first of nations, then of U.S. states, that are considered crypto-friendly. It’s important to keep in mind that regulators may behave differently between different nations and across regions. Also playing a factor are the different types of cryptocurrencies that are avialable to a region.
Nations Friendly to the Crypto Industry
Changelly.com, CryptoAdventure.org, BTCNN.com, and EarthWorld.com all agree that the two countries listed below are among the most crypto-friendly:
Top Crypto-Friendly Nations Listed by Changelly.com (April 28, 2020):
Switzerland Japan Slovenia Malta Singapore The Netherlands Czech Republic
Top Crypto-Friendly Nations Listed by CryptoAdventure.org (June 22, 2020)
Malta Switzerland Singapore Japan United States
Top Crypto-Friendly Nations Listed by BTCNN.com (March ,2019):
Malta Bermuda Switzerland Gibraltar Slovenia Singapore Estonia Georgia Belarus Hong Kong Japan Germany
Top Crypto-Friendly Nations Listed by EarthWorld.com (May 27, 2020):
Malta Bermuda Switzerland Slovenia Germany
Politics, regulations, markets, private projects, and public sentiment are among the variables that can affect how welcoming a nation is to crypto. That’s before factoring into account the many different types of cryptocurrencies, their reputations, proof mechanisms, as well as things like transaction privacy and transparency.
U.S. States Friendly to the Crypto Industry
Blockchain-Council.org recognized the following five states as welcoming to crypto:
Wyoming Texas Ohio Colorado California
Below are the U.S. states that CryptTalker.com consider best for Bitcoin:
Ohio Wyoming New Hampshire Texas Tennessee Washington, D.C.
CryptTalker.com also identified the four states below as best for BTC mining:
Louisiana Idaho Arkansas Washington
BLOCKCHAIN VS. CRYPTO ADOPTION
While blockchains are ledgers and cryptocurrencies need them, crypto must be exchangeable among peers. This essentially makes cryptocurrencies an open system. The question that remains:
Can a viable cryptocurrency alternative exist on a closed blockchain system?
I'll conclude here, as SKY TRANSITS are meant to be quick reads.
Let me know if I am missing anything. Appreciate it.
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