According to a recent report, Germany and the United States are both tied as the world’s most crypto-friendly countries. With no official regulations yet, various countries have openly welcomed Bitcoin, Ethereum, and other cryptocurrencies.
The global cryptocurrency market is so valuable that even governments and central banks have found themselves unable to ignore the new trend sweeping across the globe. As such, it makes sense why some places are leading the charge regarding embracing digital currencies.
According to a report from Coinpaper, Germany and the United States are tied as the top two most crypto-friendly economies in the world. The survey looked into different countries, evaluating the markets based on various factors, including accessibility and regulations. This is just one of many surveys to determine which countries give Bitcoin and other cryptocurrencies the most love.
It’s worth pointing out that Germany and the U.S. aren’t exactly similar regarding their market conditions, rules, and regulations regarding cryptocurrencies. However, they both tie in first place, scoring 7 out of 10 on the survey’s scale.
The report also highlights key factors that make these two countries welcome digital currencies. For example, both places have numerous options for buying Bitcoin and various other cryptocurrencies. In addition, both nations offer a non-hostile environment from a regulatory point of view.
As reported by News BTC earlier this week, Germany’s Fidor Bank has become the first central European bank to embrace Bitcoin and digital currencies officially. This is just one small step for Germany to create a Bitcoin-friendly environment.
Germany is currently one of the largest economies in Europe, and it’s also known for being more tolerant than many other countries regarding alternative forms of money. As such, it seems as though putting these two things together is a recipe for success in the cryptocurrency industry.
The United States, on the other hand, has been a little more lenient when it comes to digital currencies. More specifically, the U.S. Securities and Exchange Commission (SEC) has recently started to crack down on ICOs launching in this country. It’s unclear if or when the SEC will decide to gain more control over Bitcoin or Ethereum itself, but for now, U.S.
Dil Bole Oberoi
