Here Are Recent Laws Passed by the Countries for Crypto Adoption

Some of the recent developments around the globe are suggesting that acceptance of cryptocurrency is on the rise. We are not only talking about a wider set of people and investors who are embracing the idea of digital coins, but more importantly, the discussion is about the growing acceptance of cryptocurrency among governments and regulatory agencies. It is indeed heartening to witness this new wave of a shift in the attitude of federal agencies and Central banks who are now mulling the prospects of adopting digital coins to increase their revenue and boost operational efficiencies.

South Korea and France: Leading the Way

Take, for instance, South Korea which has set the example of becoming one of the world’s first countries to come up with a comprehensive law on the cryptocurrency. Given the countries affinity towards digital coins, it hardly comes as a surprise, but the real reason behind this move is the growing impact of coronavirus on its economic condition. In fact, the…