The US Twiddles Their Regulatory Thumbs As Asian Countries Are Becoming Crypto Powerhouses

2020-1-13 19:19

2019 did not turn out to be the year of bulls as many had expected, but despite that cryptocurrencies and blockchain dominated the world news for their growing influence in various sectors around the globe. Interestingly, it’s not just world power which is seeing a gradual shift from West to East the Eastern world is also dominating the west in terms of crypto and blockchain acceptance and regulation.

Asia is currently leading the blockchain and cryptocurrency race with several countries in the continent looking to either implement friendly regulations or have already made strides. China towards the last quarter of 2019 called for accelerated crypto adoption, while Singapore has become one of the leading choices for fintech firms, as the country provides access to south Asian Markets of over 600 million people.

Singapore’s Payment Services Act which is slated to come into action by January 28th is already being seen as one of the most progressive and comprehensive regulatory frameworks covering blockchain and cryptocurrencies. The act is set to cement Singapore’s position as the hub for the fintech industry.

Central Governments Will Also Venture Into The Decentralized Space

Many central governments who were strictly against regulating crypto use in any form have come around to realize the potential of these digital assets. These governments have also realized that it is next to impossible to put a blanket ban on these cryptocurrencies and thus they are looking to regulate crypto trading.

Many central banks from Asia have also shown a great interest in launching a Central Bank Issued Digital Currency (CBDC) to offer faster cross-border remittance services while still maintaining their financial sovereignty. China is slated to become the first country of the world to launch its national digital currency whose research they started back in 2014 itself.

Many crypto analysts believe that governments around the globe understand the shortcomings in the fiat monetary system and know that it would lead to financial instability. This is the reason not just China but many other nations have started their research and development wing to study digital currencies and also develop a stablecoin pegged by the national fiat system.

While Asian countries are actively working to be at the top of the blockchain game Western nations especially the US and many developed nations of Europe are still not clear about the scope of use of cryptocurrencies in their nation.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

High Performance Blockchain (HPB) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $0 - H: $0.0064459
Капитализация $0 Rank 99999
Цена в час новости $ 0.2821 (-100%)

blockchain cryptocurrencies had expected dominated despite various

Источник: bitcoinexchangeguide.com

blockchain cryptocurrencies → Результатов: 126


Cryptocurrencies and Blockchain to Be Covered in London School of Economics’ New Crypto Course

For most people, cryptocurrency is a little-understood subject, which is understandable since digital coins were only thrust into the global limelight after 2017’s bull run. Thankfully, The London School of Economics and Political Science (LSE) aims to address this lack of proper information on cryptos and blockchain by offering an online program that’s even CPD […] Cryptocurrencies and Blockchain to Be Covered in London School of Economics’ New Crypto Course was originally found on [blokt] - Blockchain, Bitcoin & Cryptocurrency News.

2018-7-13 16:39


Cryptocurrency Wealth Concentration: Exploring the Problem and Possible Solutions

There are many criticisms of cryptocurrencies thrown about by the media, bankers, government officials, and other defenders of the economic status quo, and although many of these criticisms may have some truth to them, members of the cryptocurrency and blockchain community can just as easily counter most of them with their own arguments. Criticisms such […]

2018-7-13 14:45


American Blockchain And Cryptocurrency Association (ABCA) Launches

A new Washington-DC based trade association, American Blockchain and Cryptocurrency Association (ABCA), has officially opened its doors to membership. ABCA is a recently formed 501(c)(6) trade association, whose mission is to advance a vision for how distributed ledger technologies and cross-border innovations, including cryptocurrencies and blockchain technologies, can lead to sounder markets. The ABCA recently […]

2018-7-13 11:58


Cryptocurrency Wealth Concentration: Exploring the Problem and Possible Solutions

There are many criticisms of cryptocurrencies thrown about by the media, bankers, government officials, and other defenders of the economic status quo, and although many of these criticisms may have some truth to them, members of the cryptocurrency and blockchain community can just as easily counter most of them with their own arguments.

2018-7-13 00:03


Фото:

How the Ethereum [ETH] Blockchain is Powering the Next Generation of Pharma Innovation

Ask the average person about the blockchain, and you’d be lucky if one in ten could tell you – even in vague terms – how the technology works, or even what it is. Buzzwords like Bitcoin will probably be uttered, but aside from cryptocurrencies, understanding of practical uses for blockchain technology has yet to hit […] The post How the Ethereum [ETH] Blockchain is Powering the Next Generation of Pharma Innovation appeared first on Ethereum World News.

2018-7-13 23:41


Фото:

How the Ethereum Blockchain is Powering the Next Generation of Pharma Innovation

Ask the average person about the blockchain, and you’d be lucky if one in ten could tell you – even in vague terms – how the technology works, or even what it is. Buzzwords like Bitcoin will probably be uttered, but aside from cryptocurrencies, understanding of practical uses for blockchain technology has yet to hit […] The post How the Ethereum Blockchain is Powering the Next Generation of Pharma Innovation appeared first on Ethereum World News.

2018-7-13 23:41


Фото:

Cryptocurrency-Powered Intellectual Property May Change how Companies Earn Money

Startups are jumping on the idea of tokenizing intellectual property rights, and it might be time to get excited about it. Tokenizing Intellectual Property The burgeoning blockchain technology could usher in massive changes in the way that startups license, buy, and sell intellectual property, courtesy the immutability and tokenization functions blockchain-based cryptocurrencies allow.

2018-7-12 02:00


Sirin Labs Releasing $1000 Blockchain Phone

Sirin, a Swiss tech hardware company, has announced the release of a $1000 blockchain powered smart phone to be released later this year. The phone is called ‘Finney’ and will come with blockchain features such as a secure P2P resource-sharing utility, a built-in cold storage crypto wallet that will support all major cryptocurrencies and tokens,… The post Sirin Labs Releasing $1000 Blockchain Phone appeared first on UNHASHED.

2018-7-12 00:43


Фото:

New Crypto Laws Proposed by Korean Political Parties

South Korea’s National Assembly is reportedly set to witness a whirlwind of legislative efforts around cryptocurrencies in the coming days. Between July 13 and 26, members of a number of Korean political parties are expected to submit bills focused on regulating cryptocurrencies, initial coin offerings and blockchain, according to a report from The Korea Times. While

2018-7-12 23:33


Фото:

Malta-based BlackBerry Company Introduces Palladium World’s First Initial Switchable Currency

Malta-based blockchain company Palladium is launching the world’s first so-called initial convertible coin offering (ICCO). According to Palladium chairman Prof. Paolo Catalfamo, the Palladium platform is a revolutionary solution to the biggest obstacles to widespread crypto adoption: cumbersome management of cryptocurrencies and regulatory uncertainty surrounding their use. Investors will be given the right to convert the tokens into

2018-7-11 14:51


Ethereum Scalability Issues Will End this year – Joe Lubin

While cryptocurrencies such as ethereum and others have many groundbreaking and life-changing potentials, the issue of scalability remains a pain in nether regions for crypto enthusiasts. However, co-founder of the Ethereum blockchain project, Joseph Lubin has revealed that Ethereum’s scalability problems will be over this year as the network moves into “phase two.

2018-7-11 12:07


дальше еще 77 новостей →

Партнеры Currencies.ru

Аналог Notcoin - Blum - Играй и зарабатывай Монеты



Реклама на Currencies.ru

Самое свежее на Currencies.ru

*W3DNA Overview: Benefits Of Web3 Domains

The last couple of years has seen a significant shift towards digitalization, creating several opportunities, including the rise of domain names. Domain investing or domaining has become popular mainly because it provides a healthy return on investment (ROI).

5 Best Upcoming Crypto Presales in 2022

Presales are often the best time to get involved in potentially exciting cryptocurrency projects. Private and public presales provide the opportunity to invest in a project at what could possibly be the lowest price before it hits centralized and decentralized exchanges.

7 Most Sustainable Crypto Tokens for 2022

Love crypto but worried about your carbon footprint? Here are the seven most sustainable crypto tokens of this year and how they make a difference. The Most Sustainable Crypto Tokens for 2022   IMPT (IMPT) — The Most Sustainable Crypto Token of 2022 Earthling (ETLG) — Green Token that Simplifies Climate Action Chia (XCH) — […]

B2Core of B2Broker Now Supports REST API

A new version of B2Core REST API – a modern and innovative administration system from B2Broker, the world famous leader in technological solutions and liquidity for CFD, crypto and Forex markets introduced a new update of its system B2Core, which now supports REST API and thereby facilitate the work with its products and services. Such […]