Steemit Crypto Academy Beginners' course task 5 by @imagen : Dex, Cex, Popular Exchange and Trading Cryptos

Hello steemian ...

This is my new post in the Steemit Crypto Academy community, on this homework i will be working on Beginners' course task 5 by professor @imagen, with the theme " Dex, Cex, Popular Exchange and Trading Cryptos”.

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we will discuss it through the homework below:

2. Can cryptocurrencies and exchanges be regulated? How do regulations affect the crypto world? Name some countries with regulations.

Can cryptocurrencies and exchanges be regulated

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From the question Can cryptocurrencies and exchanges be regulated, I have the answer, yes, taking an example from my own country, Indonesia. In 2018 the Indonesian government gave Bappedti the task of regulating and supervising the general policy of managing crypto assets.

How do regulations affect the crypto

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State regulations greatly affect the crypto world, where not all countries accept crypto as a medium of exchange and that has an effect on the price of the crypto itself. When more and more countries approve the use of crypto as a medium of exchange, the impact on crypto is an increase in the price of the crypto itself. And vice versa, the more countries that do not approve of the use of crypto, the crypto price will decrease. One of the countries that do not approve of the use of crypto in China. China is one of the superpowers that can influence the price of crypto because Chinese regulations do not allow the use of crypto in their country, the effect is that the increase in crypto prices is relatively low. And if the Chinese state approves the use of cryptocurrencies, the price of crypto may increase.

Name some countries with regulations

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The following are some countries that have implemented crypto regulations as follows:

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- United States
The United States is the country with the highest readiness to adopt cryptocurrency out of 10 other countries with a readiness index of 7.13 on a scale of 0-10 points. One of the things that make the United States ready to adopt cryptocurrency is because America has 17,436 crypto ATMs and is the owner of the most crypto ATMs in the world.

- Canada
Canada is ranked 10th in terms of readiness to adopt a currency with a readiness index of 5.86 on a scale of 0-10 points. Even though Canada is ranked 10th out of the 10 highest countries with readiness to adopt cryptocurrencies, Canada ranks second with the most crypto ATMs with 1,464 crypto ATMs.

- Australia
Australia is a country that ranks 8th in terms of cryptocurrency adoption readiness higher than Canada with a readiness index of 5.94 on a scale of 0-10 points. Although Australia is more prepared to adopt crypto than Canada, the number of Australian crypto ATMs is not in the top 10 of the largest number of crypto ATMs.

- United Kingdom
The UK is ranked 5th in terms of cryptocurrency adoption readiness with a readiness index of 6.06 higher than Canada and Australia. The UK has 200 crypto ATMs and ranks 3rd most.

And several other countries such as Cyprus, Singapore, Hong Kong, Ireland, Slovenia, Germany, Austria, Spain, Poland, Switzerland, Romania, Czech Republic, and other countries that may not have been registered.

Conclusion

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State regulations greatly affect the crypto world, where not all countries accept crypto as a medium of exchange and that has an effect on the price of the crypto itself. When more and more countries approve the use of crypto as a medium of exchange, the impact on crypto is an increase in the price of the crypto itself. And vice versa, the more countries that do not approve of the use of crypto, the crypto price will decrease.