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US citizens are the most involved in cryptocurrency trading
By: Academic Writer
In certain situations, some countries tolerate cryptocurrency in the early stages but outright prohibit it due to security concerns (or maybe they have sensed the threat to their dominating governance). Another state, such as cryptocurrency, is good, but no initial coin offering (ICO) is common in a few countries. Furthermore, a handful have outright prohibited it.
In the developing world, Singapore and Thailand are establishing themselves as blockchain hotspots. And some European countries aren't far behind in the race. In certain cases, a country is forced to follow it because the majority of its people are involved in the crime. Such countries have no choice but to display a green flag (as people would do even though the flag is red!).
People buy cryptocurrency for the sheer thrill of it, and some even consider it as a form of online payment. However, "Cryptocurrency Trading" is the hottest thing right now. When compared to stocks and forex, it will help you make good money (but only if you know the right moves!). As a result of this survey by Encrybit, which included traders from 161 different nations, it was discovered that citizens in the United States are the most involved in crypto trading.
Why are Americans so interested in cryptocurrency trading?
As a result, there are several positive ways to obtain cryptocurrency. This isn't the case. In terms of blockchain, the US government is very liberal. The Financial Services Committee met in July 2018 to discuss the potential implications of cryptocurrency. Since the argument has an equal number of positive and negative sides, it is unlikely to result in a definitive decision.
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As a result, everything runs smoothly before the central authority makes a forbidding announcement.
We may deduce from this survey's findings that cryptocurrency trading's popularity and acceptance are influenced by a country's policies and, of course, the central authority's encouragement. It will take at least a decade, if not longer, for all countries to take a position on cryptocurrency. This will also be responsible for the virtual currencies' future.