Post
Topic
Board Bitcoin Discussion
Re: How can Regulate crypto currencies in present Time ?
by
Jaycee99
on 19/11/2021, 15:26:45 UTC
Every country may have a different stance on crypto, but those countries that believed in the positive effect of crypto on the economy will regulate it.

Regulating crypto is not hard because other countries are already regulating it, they can just follow the standard but most especially crypto being regulated will become centralized due to KYC which is the main policy.

Agreed regulating crypto is not a hard base from what I read and understood. PS: nicely oppose if you think so I am open.

Also, we have Nigeria is said to become the first country to apply for digital money.

"Nigeria Becomes First African Nation to Introduce Digital Money"

https://www.voanews.com/a/nigeria-launches-africa-s-first-digital-currency/6286460.html

Quote
“Nigeria has become the first country in Africa, and one of the first in the world to introduce a digital currency to her citizens,” President Muhammadu Buhari said in televised speech at the launch in Abuja, the capital. “The adoption of the central bank digital currency and its underlying technology, called blockchain, can increase Nigeria’s gross domestic product by $29 billion over the next 10 years.”


They see profit and income and so they did what could be possible and amazing.

It also said that it will produce the border trader making transactions efficient.

https://www.aljazeera.com/economy/2021/10/25/nigeria-becomes-first-african-nation-to-roll-out-digital-money


As per present time many world leaders are thinking to Regulate crypto currencies as on world wide bases and also talking for realesed own country's own Crypto currencies but How can regulated it as on worldwide base Huh

Alson simply imagine bitcoin this one bitcoin making transaction per second used by different people in different cointries.