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❕NEWS Why Singapore and Switzerland are competing to give Crypto a home

faribakhazaei

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Singapore
Historically, Hong Kong has been the dominant financial center in Asia. But in recent years, Singapore has emerged as Asia's new financial power, thanks to China's increasingly aggressive stance on bringing the former British colony into orbit around Beijing.
Switzerland
Like Singapore, Switzerland has emerged as a cryptocurrency center in the position of the traditional financial world. It is ubiquitous in Europe, making it attractive to large corporations and startups as well.
 
See how the countries with advance Technology are eager to get and use crypto currency? They're being wise and im sure they studied the effects well
 
Allowing crypto to take over local banking has it own disadvantages at this early stage of crypto where people are creating quadrillions of coins with no actual use. But am in support of the idea although it comes with risks.
 
Well i think adopting crypto currency is a big addition, because its going to fetch them more revenue on the long run and add more to the country growth and development
 
I believe their believe on the future of cryptocurrency is quite great and it is part of the reason why they are getting stronger financially. Crypto is good for a country when regulated
 
Not just these two countries I see a lot of outstanding countries getting deep into the use of crypto currency.we just need time and everything will fall into place.it just so glaring now
 
Cryptocurrency is simply on high demand nowadays many countries are simply competing to be known as the most in cryptocurrency business. This kind of competition simply makes cryptocurrency more popular and drag more investors into it to take their values higher.
 
Singapore
Historically, Hong Kong has been the dominant financial center in Asia. But in recent years, Singapore has emerged as Asia's new financial power, thanks to China's increasingly aggressive stance on bringing the former British colony into orbit around Beijing.
Switzerland
Like Singapore, Switzerland has emerged as a cryptocurrency center in the position of the traditional financial world. It is ubiquitous in Europe, making it attractive to large corporations and startups as well.
From the last sentence you can sense bias amongst the two countries,what happens if the both country can take up the aggressive stance to build their financial power without bringing the other down.
 
Allowing crypto to take over local banking has it own disadvantages at this early stage of crypto where people are creating quadrillions of coins with no actual use. But am in support of the idea although it comes with risks.
It's also going to make the traditional banks less attractive to people and that's a source of revenue and control for government.
 

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