With every passing day, we have been seeing more and more institutions and governments becoming forthcoming on the crypto scene. So, what do you think, which countries will take the adoption on a national scale and why?
We are all looking forward to Bitcoin gaining such adoption, but I don’t know if that’s really going to happen in any country, because if you say gaining adoption on a national level, that means it’s going to be adopted as the currency of that country which is not possible. The much they can do is what they have done at this time which is making it legal and nothing much. They can only just allow their citizens to be making use of it if they want to, and not using it replace their currencies. At this time most of them are already talking about their own central bank digital currencies.
Yesterday I read in google news feed that India is likely to introduce their own cryptocurrency and will plan for laws to regulate usage of cryptos in their country. I am not sure about the possibilities for a country to introduce their own coin but they may impose laws against crypto buying and selling.