Mined and negotiable from anywhere, cryptocurrency has no boundaries. Its adoption, however, depends in part on the position taken by the nation states. Politicians have the power to integrate, legitimize and push the crypt to the next stage of traditional adoption. A number of influential politicians around the world have expressed varying levels of support for digital currencies and blockchain technology.
Read also: The next generation of politicians will be the biggest supporters of Crypto
Cryptocurrencies are essentially borderless
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The pressure has developed on regulators to increase the supervision of cryptocurrencies, whose statelessness makes them difficult to limit. C & # 39 has been an expansion of economic activity on a global scale oriented to quantifying and regulating cryptographic resources.
In 2019, politicians and regulators will play a key role in promoting cryptocurrencies in the realm of traditional finance. Investments in cryptocurrency remain a high-risk research, but greater regulatory clarity could help legitimize this nascent asset class and provide investors with greater protection. A number of politicians have been instrumental in bringing bitcoins and other cryptocurrencies into the spotlight, with some openly favoring the many advantages of the crypt.
Who are the politicians who promote cryptography?
The following list of countries, arranged alphabetically, shows important politicians who support the adoption of cryptocurrencies and blockchain technology. <img class = "wp-image-206755 alignright” title=”Influential politicians are promoting Crypto all over the world” src=”https://news.bitcoin.com/wp-content/uploads/2018/08/european-flags-300×300.png” alt=”Influential politicians are promoting Crypto Around the Globe "width =" 247 "height =" 247 "srcset =" https://news.bitcoin.com/wp-content/uploads/2018/08/european-flags-300×300.png 300w, https://news.bitcoin.com/wp-content/uploads/2018/08/european-flags-150×150.png 150w, https://news.bitcoin.com/wp-content/uploads/2018/08 / european-flags-768×768.png 768w, https://news.bitcoin.com/wp-content/uploads/2018/08/european-flags-1024×1024.png 1024w, https://news.bitcoin.com/wp – content / upload / 2018/08 / european-flags-696×696.png 696w, https://news.bitcoin.com/wp-content/uploads/2018/08/european-flags-1392×1392.png 1392w, https: / / news.bitcoin.com/wp-content/uploads/2018/08/european-flags-1068×1068.png 1068w, https://news.bitcoin.com/wp-content/uploads/2018/08/european-flags- 420×420 .png 420w, https://news.bitcoin.com/wp-content/uploads/2018/08/european-flags.png 1600w "sizes =" (maximum width: 247 px) 100vw, 247px”/>
Australian politician Nick Dametto, a recently elected MP for the Katter's Australian Party, a right-wing minority party seeking to serve Queensland, has openly discussed its bitcoin holdings. Dametto bought BTC for the first time in October 2017. In recent years, a reform of the Australian tax regime surrounding the cryptocurrency has also helped push bitcoins towards the mainstream.
China has a love-hate relationship with blockchain and cryptocurrency. More recently, Wang Pengjie, a member of the Chinese People's Political Consultative Conference (CPPCC), has actively pushed for a "system of approval" of digital asset management and raised the possibility of establishing a nationally encrypted asset trading platform. .
The sovereign of Dubai, Sheikh Hamdan bin Mohammed Al Maktoum, is the current executive authority of the government and has launched a blockchain strategy. The prince has actively pushed Dubai for the position so coveted as to be at the forefront of this technological revolution.
Gibraltar's finance minister, Albert Isola, has been busy rolling out the red carpet for cryptographic companies, with the country currently in the final stages of the regulatory vote that would allow companies to issue and exchange digital tokens.
Netanyahu of Israel Gets <img class = "size-medium wp-image-266567 alignright” title=”Influential politicians are promoting Crypto all over the world” src=”https://news.bitcoin.com/wp-content/uploads/2018/12/israel-crypto-300×188.jpg” alt=”Influential politicians are promoting Crypto Around the Globe "width =" 300 "height =" 188 "srcset =" https://news.bitcoin.com/wp-content/uploads/2018/12/israel-crypto-300×188.jpg 300w, https://news.bitcoin.com/wp-content/uploads/2018/12/israel-crypto-768×480.jpg 768w, https://news.bitcoin.com/wp-content/uploads/2018/12 / israel-crypto-1024×640.jpg 1024w, https://news.bitcoin.com/wp-content/uploads/2018/12/israel-crypto-696×435.jpg 696w, https://news.bitcoin.com/wp – content / upload / 2018/12 / israel-crypto-1392×870.jpg 1392w, https://news.bitcoin.com/wp-content/uploads/2018/12/israel-crypto-1068×668.jpg 1068w, https: / / news.bitcoin.com/wp-content/uploads/2018/12/israel-crypto-672×420.jpg 672w "sizes =" (maximum width: 300px) 100vw, 300px”/>
Israeli Prime Minister Benjamin Netanyahu, currently a member of the Knesset and president of the Likud party, spoke positively about cryptocurrencies and warned that the banks will end up disappearing, potentially due to Bitcoin. According to a recent report published by Bezeq, one of the largest telephone companies in Israel, 5% of people in the country have invested or used BTC and other digital currencies.
In Japan, Takeshi Fujimaki of the Japanese political party Nippon Ishin no Kai proposed a series of changes to the current tax system for cryptocurrencies. Fujimaki was formerly a consultant for the billionaire investor George Soros.
Putin: Crypto Goes Beyond the national borders
The President of Russia Vladimir Putin has mentioned the blockchain, urging lawmakers to prevent the development of these technologies. Putin noted the potential of cryptovaluro and recently commented: "If we talk about cryptocurrency, this is something that goes beyond national borders".
South Korea Minister of Science and Information Technology, Yoo Young-min, is a big supporter of the blockchain. Young-min pushed to the integration of blockchain and to have cryptocurrencies and blockchain technology considered as separate entities for regulatory purposes.
In Sweden, Mathias Sundin became a member of the country's parliament after having financed his electoral campaign exclusively in bitcoins. Sundin then made the transition from the political arena to the position of chairman of the Swedish cryptocurrency BTCX.
Closely following Sundin is the Swiss legislator Cédric Wermuth who is vice president of the Social Democratic Party. He asked for a formal government study on the possibility of launching a state cryptocurrency. The government has asked lawmakers to commission a study on the pros and cons of a Swiss "e-franc".
First cryptocurrency with state It is the Petro <img class = "size-medium wp-image-244591 alignright” title=”Influential politicians are promoting Crypto all over the world” src=”https://news.bitcoin.com/wp-content/uploads/2018/11/petro-300×211.png” alt=”Influential politicians are promoting Crypto Around the Globe "width =" 300 "height =" 211 "srcset =" https://news.bitcoin.com/wp-content/uploads/2018/11/petro-300×211.png 300w, https: //news.bitcoin.com/wp-content/uploads/2018/11/petro-768×540.png 768w, https://news.bitcoin.com/wp-content/uploads/2018/11/petro-100×70 . png 100w, https://news.bitcoin.com/wp-content/uploads/2018/11/petro-200×140.png 200w, https://news.bitcoin.com/wp-content/uploads/2018/11/ petro-970×684.png 970w, https://news.bitcoin.com/wp-content/uploads/2018/11/petro-696×489.png 696w, https://news.bitcoin.com/wp-content/uploads/ 2018/11 / petro-597×420.png 597w, https://news.bitcoin.com/wp-content/uploads/2018/11/petro.png 973w "sizes =" (maximum width: 300px) 100vw, 300px”/>
In the United Kingdom, Conservative Party Member Eddie Hughes claims to be an "encrypted lover of amateur knowledge" and urged parliamentary colleagues to better understand blockchain and cryptocurrencies.
In the United States, during the mid-term elections in 2018, a number of crypto-favorable parliamentarians secured the governorships. Bitcoin supporter and pro-tech candidate Jared Polis he was elected governor. The defender of technology and the player have earned a place in the heart of the bitcoiners in 2014 when he promised to fight any attempt by the government to limit the growth of cryptocurrency. Even the first adopt BTC Gavin Newsom was elected governor of California.
The Venezuelan president Nicolás Maduro, despite being a controversial figure, is also a crypto-friendly politician who stands behind the Venezuelan currency supported by oil, the petro. Maduro has tirelessly promoted the petro since his administration announced the creation of what is now considered the first cryptocurrency issued by the state.
Will we see more politicians approving cryptocurrencies in 2019? Let us know in the comments section below.
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