RE: The Future of Cryptocurrency: Part 2
Therefore a friendly regulatory framework is necessary.
A good point with decent words. The cryptocurrencies are made for gloable use, but the reality is the usage is so broken due to national regulations.
In a technophilia society, the government support all new technologies like crypto. In Switzerland, their regulations are favorable for cryptocurrencies. They have a separate cluster of blockchain enthusiastic companies “Crypto Valley" just like Silicon Valley.
Malta is another country that maintains a "friendly regulatory framework" as you said.
Even though very few countries have these kinds of friendly regulatory frameworks most of the countries are restricted or not supported for ICOs. The opportunities of accessing crypto are not equal so that the main intention of global access demote.
It's just a matter of time. If any of the G8 countries implement CBDC, it will spread out to other G8 nations and also the developing countries. As a result, it will induce fundamental value and drive exponential growth in the crypto industry, even if it is a permissioned Blockchain.
Thank you.
#affable
I think G8 members are already researching about CBDC specially bank of Japan.
#affable