Post
Topic
Board Bitcoin Discussion
Re: Russia, Philippines, Indonesia and India support crypto the most
by
bimvo
on 24/06/2019, 16:32:05 UTC
I would not be surprised that there are a large number of cryptocurrency owners in Indonesia, Russia, India and other developing countries. Digital assets are not yet taxed, and are not prohibited, so that users can fear the impact of inflation on their savings. In addition, possession of tokens does not mean their big purchase. Many users get their share of cryptocurrency thanks to bounty campaigns.
When the political and economic situation in the country creates restrictions to improve the financial condition of a person, he looks for ways to achieve this elsewhere. And in this regard, cryptocurrencies look promising, thanks to the protection of the owner’s identity and low transaction costs. Residents in developed countries have a higher standard of living, so they can be investors in large volumes, and not just try to somehow keep their wallet from financial ruin.