Is The US Government Paving The Way For Bitcoin Adoption In the Future?
Governmental Bitcoin adoption seemed so far away just a year ago. Today, all eyes are on the US Senate and the infrastructure draft bill. Opinions vary. Lobbying efforts abound. Two competing amendments try to fix its troublesome wording. Could this controversy be signaling a plan for some kind of formal Bitcoin adoption in the future? […]
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For the mainstream adoption of Bitcoin, the important players are users within the community. However, collaboration with the government is important as well. The potential users of Bitcoin who have the most to gain are people in countries whose financial institutions are broken or corrupt and whose currencies are extremely volatile. This includes almost all of Latin America, Africa, Asia, Eastern European countries such as Ukraine, Russia and Greece. Despite increased awareness about the cryptocurrency in 2016, there is a lot of ground to cover when it comes to the formal adoption and....
The "Bitcoin Bottom Line" podcast hosts discussed the future of Bitcoin adoption by governments around the world.
Delivering the Queen’s Speech, Prince Charles outlines the British government’s plans to support the safe adoption of cryptocurrencies and create “powers to more quickly and easily seize and recover crypto assets.”
UK Government Plans to Support Crypto Adoption
The U.K. government outlined its legislative agenda for the next parliamentary year in the Queen’s Speech delivered Tuesday by Prince Charles, the monarch’s son and first in line to the throne. The Queen’s Speech is written by the government and read out by the monarch as....
It will take some time for consumers to warm up to crypto, but education is the key to its mass adoption. From QR code payments to mobile banking apps, consumers worldwide are increasingly reliant on digital payment solutions, especially as mobile technology becomes more ubiquitous. Government-led efforts in driving cashless economies have been a key factor, with countries such as Singapore or the Philippines seeing their central banks driving the adoption of contactless payments during the height of the COVID-19 pandemic. As a result, usage rates for digital payments platforms have....
Greece has been experiencing rough times since 2008. The economy has shrunk by about one quarter. Unemployment stands at about 25 percent, hundreds of thousands of businesses have closed and many of the nation's people are living in poverty. In the midst of all this, it appears that the country is having difficulty electing a new presidential leader. Eurozone bonds and European shares experienced a heavy slump today following the Greek Parliament's rejection of the government's presidential candidate, thus paving the way for a possible Syriza party win. This could mean a number of things;....