Post
Topic
Board Altcoin Discussion
Re: Russia, Philippines, Indonesia and India support crypto the most
by
electronicash
on 07/07/2019, 13:43:59 UTC
don't u find it weird? The less eveloped counties support blockchain implementation the most? what is the reason? possibility to earn or to steal?

Link to the article: https://ambcrypto.com/indonesia-russia-philippines-and-india-among-countries-whose-citizens-actively-support-budding-crypto-projects/

I have my doubts on Russia, I don't know if you have followed their Annoucement since 2017, but it seems they're just riding the popularity of crypto, because they seems to contradicts themselves a lot. As far as those two South East Asian country, they have regulations, but I don't see much adoption, except for Philippines coins.ph which is widely used amongst Filipinos. But if you look closely, there are no merchants or restaurants wherein you can spend your bitcoin in that country.
It is a gradual process of adopting cryptocurrency. We cannot immediately adopt the whole thing in cryptocurrency. Having a wallet that accepts nationwide is a big start for the Philippines. I am happy with the progress in Philippines because we just want to adhere that Philippines is a open country that is ready in innovations in order to impart the trends happening around the globe.

we are lucky to have this kind of government. they are too busy yet fixing everything in the country from political issues, government services to local crimes.  crypto is the last thing in the minds of the politicians in the Philippines. but there are crypto companies and communities related to crypto which were growing in numbers. bounty hunting is easy money for anyone with time to spent so whether to earn or steal, we are all in this together.