US and Russia are again the two great countries for supporting the foundational technologies on which new foundations of our economic, social and organizational systems will be built.
There was serious lack of responsible comments from countries like china, india, south korea on blockchain and cryptocurrencies. How these countries are going to react will decide their fate.
On the other hand US is taking a approach of "Do No Harm" Policy.
'Do No Harm' policy was unquestionably the right approach to the development of the #internet.
'Do No Harm' policy is the right approach for #Blockchain and #Cryptocurrency space".
CFTC Chairman J. Christopher Giancarlo has proposed a "Do No Harm" policy in a 42-page document.
https://www.banking.senate.gov/public/_cache/files/d6c0f0b6-757d-4916-80fd-a43315228060/A2A6C1D8DDBB7AD33EBE63254D80E9E3.giancarlo-testimony-2-6-18b.pdf
And so is Russian Ministry of Finance is drafting a bill to allow the creation of offshore companies to trade cryptocurrencies.
https://news.bitcoin.com/russia-drafts-bill-offshore-trade-cryptocurrencies/
What do you think how this will shape the future of blockchain and cryptocurrencies? Let me know in the comments.
I am @MukeshNotes on twitter. Let's connect there. Thank you.