Random Blog on Crypto (Part 32) : Cryptocurrency adaptation in Germany (Part 2 of 2)
The participation of various institutions plays one of the most important roles in cryptocurrency adaptation. We can consider cryptocurrency to be used appropriately when various organizations accept cryptocurrency in their operations and use it to validate their transactions and other activities. If an institution does not accept cryptocurrency in its operations and does not validate the operation, then there is no opportunity to accept the cryptocurrencies in terms of investment, product, finance or transaction. Therefore, Germany has a very advantageous position in this regard, cryptocurrency. We see that because the amount of crypto participation in their institutions is very high.
At the same time we see small institutions and small business organizations accepting this currency. Such acceptance is very important in the case of widespread use of cryptocurrency because only then will the cryptocurrency be converted to other fiat and converted back to work. So the acceptance and adaptation of this digital currency plays a very important role in the operation of the real word, which I think is excellent in the case of Germany.
Extensive blockchain-based research and development activities at academic institutions are observed in Germany. Germany is playing an important role in cryptocurrency-based education and consumer awareness, as various programs for customer education are being undertaken here. There are endless opportunities for crypto exchanges, trading and industry businesses to transact and operate with banks. At the same time, a transparency and fair rules have been imposed in the taxation system i.e. in all cases of crypto based business and individual. So international crypto based collaboration and discussion is very natural here.
We can say that Germany is considered a very successful country as a successful implementer of so many crypto-based activities.
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I remember the first part in which you discussed about the crypto adoption in Germany and you explained it very well.
It is very important and I believe when more small institutions and businesses start to adopt the crypto and blockchain then it can be a good example and a beginning towards the mass adoption. Hope it happens in many more countries and I can say that the Germany is on the right track. Thanks for sharing this knowledgeful article about the cryptocurrencies adoption.
When it is accepted in root level then it can be said that it is mass accepted. Thanks for your meaningful and interesting comment.
Is good to see that such a big country with one of the biggest GDP is playing a role in cryptocurrencies education that's very encouraging to the space.
They are highly positive toward cryptocurrency and blockchain technology
I'm happy that Germany is adapting Cryptocurrency in several ways. I hope that more countries will do same
It will spread day by day