siliconindia | | October 20218In FOCUSHOW ARE CRYPTO CURRENCIES REGULATED IN DIFFERENT PARTS OF THE WORLDBY si TEAMDigital currency is a relatively recent concept, and central banks around the world are still grappling with its consequences. Blockchain, bitcoin, and other fintech technologies are demonstrating that they can not only boost the status quo, but also advance the idea of digital currencies, making it a viable replacement for fiat money. The governments around the world are in an uncomfortable situation as a result of this.On one hand, enacting legislation that promotes the use of trying to cut financial technology could be a huge boost to the economy's productivity. On the other hand, giving these people too much independence could jeopardise the region's own paper currency. Since an equilibrium still has to be reached, major governments have responded to the implementation of bitcoin (and other blockchain technology) in their native governments in a variety of ways. A wide spectrum of emotions have been expressed, from fear to complete acceptance. One thing they all agree on is that this is not a choice to be undertaken casually. With eKrona Cryptocurrency's overall market
<
Page 7 |
Page 9 >