Regardless of the fluctuating price movements of Bitcoin & co. the General acceptance of crypto is progressing currencies in the world. Also, the relevance of the Blockchain as a technology is promising with many a lot of projects still on the rise. This knowledge seems now, and that the governments around the globe to arrive.
Anywhere in the world, there is now Bitcoin-to marvel at ATMs. Whether in the United States, on the island state of Malta, in Austria, in many countries there is the possibility of Bitcoin ATMs to exchange. Many may be surprised a year from now, to have never seen a Bitcoin ATM seen. However, this has a simple reason for this: In the Federal Republic of Germany, there is no publicly accessible vending machines. The regulatory hurdles required to Operate a Bitcoin ATM are far too high and include, among other things, a BaFin license.
What is the state of development in Germany?
Pure infra – structurally, Germany appears to be the front-runners of Innovation and acceptance-at least in terms of cryptocurrencies. Nevertheless, there are also many Bitcoin acceptance. The government and regulators get the use of the possibilities of the Blockchain also in Germany slowly on the screen, but it is in the coalition agreement of the Grand coalition. However, as the position of Germany is to assess in an international comparison in General? The Blockchain Association of left over BTC-ECHO the following statement saying:
“The Federal block looks at Germany in an international comparison in an extraordinary Position on the subject of Blockchain. Although we are lagging in the adaptation and the rush ahead with the pilot projects so far, something. For this, we have two decisive advantages: for example, Berlin in particular is a natural gravitational point for the Blockchain Community. This is shown by the establishment of the most renowned Blockchain-companies, the high density of Blockchain experts, the very active Community with countless Meet-ups, and not least international players from all over the world, holding its conferences in Berlin and many other cities in Germany.
With regard to the acceptance of crypto-currency as a means of payment, we will inform on the part of the Federal block together with our members is intense and the dialogue with the different stakeholders are looking for.“
Commenting on his own role in the development of Blockchain-acceptance in Germany, the Federal block:
“The Federal government block has taken with the Blockchain-Community is a leadership role, the theme for the policy is prepared and the foundations for many of the pilot projects created both in the public sector in the economy.”
As far as other countries are already?
While the Federal government provides block Germany on a fundamentally good way to develop other countries. Both in terms of Blockchain-adaptation, as well as Bitcoin acceptance, there is a global pioneer, which are already significantly more than the Federal Republic of Germany. A role model for Germany can be in the range of, for example, the above-mentioned US. The majority of U.S. States has currencies already in depth with Crypto and the underlying theory. In many cases, it came already to a Federal government regulation.
In addition to the USA mainly the East Asian States in the cryptographic usage are ahead of the game. Japan has established itself as the largest trading place for Bitcoin, in South Korea, used crypto-currencies increasingly as a means of payment. Recently, the Bitcoin spills-wave over the southern Atlantic and arrived in Brazil. With more than 1.4 million Bitcoin users, and different, in competition with each other passing Exchanges a thriving arises at the end of the Blockchain Ecosystem. Brazil suffers like many Latin American countries state inefficiency and high corruption rate. The Blockchain could provide a way out of this Dilemma.
However, there are still States where the use of crypto-currencies is still very problematic. In addition to sharply reduced usage in the people’s Republic of China crypto are explained the currencies in 8 countries even illegal. Including the Muslim countries of Morocco, Algeria and Bangladesh, as well as the two Asian countries, Vietnam and Nepal, as well as the South American countries of Ecuador and Bolivia. The only European country of Macedonia, appears in this group. While Germany is away from these countries, fortunately, in terms of crypto-acceptance, however, still much work left to do.