The fight bell rings. In one corner, we have the capitalist nation of the United States. Heavy-handed on the regulation but filled with promising blockchain talent. In the other corner, we have the ever growing and multi-faceted European continent. A vibrant mix of culture and cryptocurrency. Who will be the first to embrace regulation and open the doors for mainstream crypto adoption? Let’s find out.
WHAT IS THE MOST CRYPTO FRIENDLY COUNTRY?: A HISTORY LESSON
In a Europe vs. The U.S.A comparison, let’s take a look at the history books. European law is based on something called civil law (or Napoleonic code). Civil law means everything is regulated by a pre-existing law or administrative decision. Hence, it aims to create a uniform set of rules that covers all possible outcomes and encourages harmony.
On the other hand, the U.S. operates on a system called “common law.” Common law used judges as the primary decision maker with rules created on a case-by-case situation. Therefore, these two systems, which both places have adopted for many decades affects the speed of which one reaches full regulation.
WHAT IS THE MOST CRYPTO FRIENDLY COUNTRY?
While all that history about laws was fascinating, it doesn’t really answer the question. What is the most crypto friendly country? Is it the U.S., Switzerland, Malta or what about Asia? In simple words, it’s been a mess trying to make order out of the chaos 2017 produced. That year gave starting capital to so many startups, the majority of which did not follow regulatory guidelines whatsoever. 2018 was very much ha clean-up year, which is why we saw the hammer come down on so many startups and the market crashed as a result. 2019, on the other hand, is going to bring a number of actions from America’s SEC and The European Union as well. Who will get there first is still undecided but there is one thing we all can do.
WHAT IS THE MOST CRYPTO FRIENDLY COUNTRY (ARE YOU PREPARED)?
All signs point to 2019 being a good year for crypto regulation. Are you prepared? How does your portfolio look? If some of you made it through the crypto winter with your portfolio intact then you should check out YouHodler. This crypto backed lending platform will give you a fiat loan in exchange for your crypto as collateral. Once you pay back the loan, you get your crypto back. Get cash while keeping your crypto. With an industry best loan to value ratio of (80%), low-interest rates down to 2.5% and more collateral options than anyone else, this platform can help you to restructure your portfolio before it’s too late. Regulation is coming. Are you ready?