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I don't think any "real" countries have any interest in cryptos becoming a competitor to their respective national currency. That would be giving away control o
by mvindahl 9y ago
I don't think any "real" countries have any interest in cryptos becoming a competitor to their respective national currency. That would be giving away control over the economy, and why would any government want to do that? Thus I think we'll see both South Korea and Japan taking an increasingly hostile stance towards cryptos alongside all other developed countries.
I could imagine, on the other hand, freeloader countries like the Cayman Islands adding cryptos as a supported way of stashing away money. Thus, they could become a gateway between the legit economy and the crypto economy in the same way that they are already a gateway between the legit economy and money raked in by tax evaders, drug lords, and dictators. Thing is, the crypto part doesn't really add any value to their offering. And the real question with respect to Cayman Islands etc. is why we don't simply outlaw bank transfers back and forth from these places.