There are many theories regarding who really owns most of the bitcoins that are currently in circulation. “Whales”, which are usually exchanges, funds or big mining firms, have been rumored to be responsible for moving big amounts of BTC these days, but there is still hope that many investors from all over the world have a collective investment in the coin.
The Parliament of Malta has been taking great strides in making this island nation a haven for blockchain and cryptocurrency use. They have expressed their positive stance regarding Bitcoin, and which already approved three bills that set the basis of a framework for blockchain technology in July 2018.
Many exchanges and businesses from the crypto world have relocated to this island because of this reason, as their own home countries have started cracking down on this industry sector and have made it hard for them to maintain their operations.
Malta has developed an established regulatory body, and along with low net corporate rates, will enable crypto startups to flourish financially and further the adoption movement.
Japan is a country known for its embracing attitude towards emergent technologies. It is known for its supportive position on crypto, being one of the few countries that have legally recognized cryptocurrencies as a means of payment.
In this country, fiat currency is followed by bitcoin as the official means of payment. Japan has a large flow of bitcoins, going in and out of its borders, with many of its citizens keeping them as a form of long-term investing. From data provided by CoinMarket Cap, the crypto exchanges that operate here have been reported to have a high transactional traffic.
Switzerland has begun implementing measures that facilitate crypto adoption in the country. Banks have announced that they will start accepting cryptocurrency payments, and the Swiss Bankers Association has encouraged banks to work together with cryptocurrency startups. This has probably motivated its citizens to integrate digital assets into their capital portfolio.
Another big player in the world of digital currencies is South Korea. Despite the country having multiple exchanges hacked over the years, it is a home to a big number of popular exchanges and businesses dedicated to crypto.
Bitcoin is classed as the biggest coin which is traded and owned the country.
The beautiful country that is Spain is home to incredible beaches, scorching summers and a big number of Bitcoin ATMs.
The movement of adding so many Bitcoin ATMs is limited to a single niche in the country however, it is estimated that over 10% of the population is involved in crypto in one way or another.
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