cool hit counter Developing countries trying to turn the tide against the blockchain?_Intefrankly

Developing countries trying to turn the tide against the blockchain?

The Philippines' Cagayan Economic Zone Authority (CEZA) issued temporary licenses to three cryptocurrency exchanges in the economic zone, the Manila Times reported on July 10.CEZA is expected to attract $3 million in investments after the issuance.

Under its terms, the permit is renewed annually and the fee is "non-refundable in its entirety. "Seventy companies have applied to do business in the Cagayan Economic Zone, according to the Manila Times. Roquero said the company chose to operate in the region because "we are the first company to provide regulatory rules for cryptocurrencies." Details:

Blockchain is also becoming known since last year when Bitcoin caught fire and brought the blockchain technology behind it to us. We can see that this year is the year of blockchain, many countries have deployed to blockchain development, and recently several countries drafted regulations for digital currency regulation. However, we can find a number of developing countries that have recently taken a much more aggressive approach to blockchain than some developed countries: the

"The Romanian Ministry of Finance has issued an emergency draft regulation which regulates the issuance of electronic money (e-money)"

"Citizens of various African countries have embraced Bitcoin and other cryptocurrencies despite constant government warnings."

"Venezuela plans to use Petro to support housing solutions"

"Thailand's SEC to allow seven digital currencies used for ICOs to be traded as trading pairs"

Most countries in the world are based on recognition of blockchain technology and actively promote its development, such as Japan, Singapore, Canada, Germany, Switzerland and other developed countries, not only fully support digital currencies, but also implement various policies to promote the development of the industry, and all countries believe that blockchain technology itself will be another technology that will be disruptive to the world after Internet technology.

Unlike developing countries, developed countries have a sound economic system, such as Japan as the "birth country" of bitcoin and blockchain technology, the Japanese government attaches great importance to the development of digital currencies such as bitcoin, and Japanese regulators and exchanges have also introduced policies to vigorously develop digital currencies, which are relatively mature for cryptocurrency operations.

So it is better to develop steadily when the technology is not mature and the environment is not transparent, while too much haste can easily become a political tool, a tool, and also a breeding ground for criminal activities.

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