Last week, Trump, the most popular US president, commented on the cryptocurrency online, saying that bitcoin is air. Perhaps its original intention is the Diss cryptocurrency, but it has inadvertently caused counter-effects. People extracted the keywords "bitcoin" and "cryptocurrency" from his tweet, which also made more people understand this new concept.
Trump is not the first, nor will it be the last national leader to comment on Bitcoin and its underlying technology blockchain. Politicians comment on bitcoin and blockchain, indicating that this emerging technology has caught their attention, and their comments – whether right or wrong – will allow more people to understand and understand cryptocurrencies.
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This article will combine national policies to take stock of national leaders who have expressed their views on cryptocurrencies and blockchains.
US President: Bitcoin is not a currency, it is an "air coin"
(Tsao Jiao's US President and Net Red Trump)
Last week, Twitter Donald Trump said:
“I am not a fan of Bitcoin or other cryptocurrencies. These cryptocurrencies are not currencies, they are highly volatile and are issued on the air. Unregulated crypto assets can facilitate illegal activities by criminals, including drug trafficking and other illegal activities. activity."
Bitcoin is an air coin? At this moment, the Fed’s heart for the US dollar is like this:
(The Fed’s real inner activity)
Obviously, what forced Trump to take out is the recent special Facebook. The social media giant said it wants to distribute Libra, a cryptocurrency globally, to serve billions of people without a bank account. The news has shattered the US Congress and plans to hold a hearing tomorrow to determine the fate of Libra.
At the same time, the US House Financial Services Committee also submitted a draft, hoping to prevent technology giants from becoming financial institutions, prohibiting them from “establishing, maintaining or operating a number that is widely used as a medium of exchange, account units, and value storage. assets".
At present, the legal status of cryptocurrencies such as Bitcoin in the United States is pending, and states have different regulatory bills for blockchains and digital currencies. In addition, major government agencies in the United States have different definitions of cryptocurrencies.
For example, the Financial Crimes Enforcement Network (FinCen) believes that cryptocurrency exchanges are money transferors and require a license; the US Internal Revenue Service (IRS) treats cryptocurrencies as property and carries out corresponding taxation; the US Securities and Exchange Commission ( The SEC believes that some of the cryptocurrencies are securities; the US Commodity Futures Trading Commission (CFTC) says that cryptocurrencies are bulk commodities and cryptocurrency derivatives can be publicly traded.
President of Brazil: I don't know what Bitcoin is.
(Brazilaro, President of Brazil without brains)
In June of this year, a local $11.5 million cryptocurrency project in Brazil was suspended by the government. The goal of the project is also to make cryptocurrencies available to people who cannot use banking services (sounds familiar?).
When the president of Brazil, Jair Bolsonaro, was asked why he stopped the project, he said that because the project "wanted to teach Indians how to use bitcoin." What is Bitcoin? He replied:
"I don't know what Bitcoin is."
Brazil is the largest bitcoin trading market in Latin America. While the local people are participating in this “financial reform”, the leaders have not yet figured out what Bitcoin is, and it will only be “no brains”.
The country has not yet announced a specific cryptocurrency regulation program, nor has it ordered the ban on Bitcoin.
President of Russia: The digital economy should be developed, and cryptocurrencies are accompanied by significant risks
(wink from Putin the Great)
The instinct of the open-minded fighting people is not very tolerant of cryptocurrency. Earlier, Russia had banned bitcoin. Starting in 2017, some cryptocurrency websites have been blocked. In October of the same year, the popularity of the Russian president pointed out:
“Virtual (money) or cryptocurrencies have become increasingly popular. They have become or are transforming into mature payment instruments and investment assets in some countries. At the same time, the use of cryptocurrencies is accompanied by significant risks. ”
Nevertheless, this does not prevent Putin's positive attitude towards blockchain technology. In June 2017, Putin and Ethereum founder Vitalik Buterin had a brief conversation about the potential use cases of blockchain technology in the Russian Federation.
In February of this year, Putin ordered the implementation of cryptocurrency regulations by July:
“Federal law aims to develop the digital economy, including the process of determining civil legal transactions in electronic form, as well as regulating digital financial assets and using digital technologies to attract financial resources. Deadline – July 1, 2019.”
However, more than half of July, Russia's cryptocurrency regulation bill is still intact. However, there are some informal rumors about this.
In June of this year, Anatoly Aksakov, Chairman of the Russian State Duma Financial Markets Committee, told the media:
"According to Russian law, the unconditional use of cryptocurrencies will be considered illegal. This means that mining, organized output, circulation, and the creation of exchange points for these tools will be banned."
But he stressed that it is okay to hold bitcoin.
President of South Africa: Embracing the Fourth Industrial Revolution
(Prepared for the fourth industrial revolution, South African President Rama Fosa)
According to Google data, South Africa is one of the top five countries with the highest search for "bitcoin". According to some surveys, the proportion of virtual currency users in South Africa ranks first in the world. Bitcoin high premiums often occur here.
In January of this year, the South African government set up a cryptocurrency asset regulatory working group, which will be responsible for studying cryptocurrencies and blockchains. It is expected to publish a comprehensive research report by the end of the year.
South African President Cyril Ramaphosa said:
“In order to ensure that we use technology change more effectively and more urgently to achieve inclusive growth and social development, I have appointed a presidential committee on the fourth industrial revolution.”
In South Africa, holding and trading Bitcoin is not restricted, but cryptocurrency gains are subject to capital gains tax.
French President: Once mad sun bitcoin hardware wallet
(French President Mark Long with bitcoin wallet but no bitcoin)
French President Emmanuel Macron made a headline in Reddit in 2017 because of a photo. In the photo he is showing off the Bitcoin hardware wallet Ledger Blue.
Because of this photo, many password enthusiasts believe that the French president may be a technical geek, but there is not enough evidence to show that he knows Bitcoin very well. The hardware wallet seems to be a gift he received when he was the economic minister, and given his current identity, showing a certain level of interest in emerging technology is his job.
However, Mark Long made a positive mention of the blockchain in February this year. When talking about agricultural innovation, he pointed out:
“Let us use this technology in Europe (blockchain) to develop every tool from raw material production to packaging and processing to become a pioneer in agricultural technology… Innovation is there, we must be in the agricultural world Innovating in, it must be fully utilized because it can serve consumers with superior shared services."
In addition, France has made no progress in cryptocurrency legislation, only taxing cryptocurrency gains.
Prime Minister of India: Subversive blockchain technology needs to be quickly integrated into everyday life
(Indian Prime Minister Modi, who is keen on making money and printing money)
Indian Prime Minister Narendra Modi believes that “subversive” blockchain technology will bring dramatic changes to Indian society.
Last year, Modi said in a speech:
“Disruptive technologies such as blockchains and the Internet of Things (IoT) will have a major impact on how we live and work. They need to be quickly integrated into our lives and work.”
India, which treats the blockchain “staying well”, has undergone a 360-degree shift in the face of cryptocurrencies. Last year, Indian Finance Minister Arun Jaitley said:
“The government will not treat cryptocurrencies as fiat money or coins, and will take all steps to eliminate the use of such cryptographic assets in funding activities or in payment systems.”
If the Indian finance minister is just a beating gun, the Indian central bank seems to have moved. The central bank issued an announcement on cryptocurrencies, prohibiting all financial institutions and banks under the jurisdiction of the central bank to provide services for domestic cryptocurrency companies or related businesses. Although this announcement did not prohibit the use of cryptocurrencies in China, it caused a huge blow to most exchanges. Many exchanges announced that they would stop or switch overseas.
In addition, there is news that India is about to introduce an extremely strict cryptocurrency regulation bill, and people who use the asset may face up to 10 years in prison.
Japanese Prime Minister: Blockchain makes all walks of life safer and more efficient
(Island representative Abe Shinzo, who is friendly and rigorous to cryptocurrency)
Japan is considered one of the most friendly countries for cryptocurrencies. Since the recognition of Bitcoin as a legal payment method two years ago, the country’s exchanges and related cryptocurrency companies have been required to apply for a permit. They are leading the country in terms of cryptocurrency legislation, but they can be seen from the side. Quite strict and cautious.
Despite legalizing bitcoin payments, Japanese government officials are still very cautious about virtual currency.
When Japanese Prime Minister Shinzo Abe talked about the blockchain in February this year, he said:
“In addition to financial impact, we have seen the potential of blockchains to make industries safer and more efficient. Some local companies are using sandbox systems and are striving to be the world's first business model to increase the liquidity of digital assets.”
In short, Japan has formed a relatively complete system for digital currency regulation.
Prime Minister of Malta: Embracing Bitcoin is the trend of the times
(Madkat, the Prime Minister of Malta, who is popular with the blockchain)
The European island nation of Malta is known to the cryptocurrency community for its positioning as a “global blockchain center”. After all, when you mention Malta to your parents, the response may be “What is the horse?”
As early as 2017, the Prime Minister of Malta, Joseph Muscat, suggested that Europe should embrace Bitcoin as soon as possible, because this is the general trend.
This year, Muscat also expressed his views on the blockchain:
“Now, we will show people the added value of blockchain technology and apply it to what they use in their daily lives. This shows how digital reforms will affect their lives.”
In November last year, Malta entered into three blockchain bills, which laid a solid foundation for the development of the technology. They set up the Digital Innovation Authority Act of the Digital Innovation Authority, the head of the blockchain industry. The Virtual Financial Assets Act for the issuance and public trading of virtual financial assets and the Innovative Technical Arrangements and Services Act, which is registered and certified by providers of innovative technical arrangements and services.
It can be seen that Malta is at the forefront of the world in the regulation of blockchain, and its supervision has even surpassed Japan.
President of Ukraine: Innovation makes all procedures transparent and efficient
(Ukrainian President Zelensky with the dream of blockchain)
Ukrainian officials are currently working on a cryptocurrency-related bill.
Ukrainian President Volodymyr Zelensky once talked about blockchain:
“You might say that I am a naive dreamer, but we really want to build a country in a smartphone and build a government in a smartphone. Innovation makes all programs transparent and efficient, and makes corrupt officials have nothing to do. If these documents are Digitized, special forces will extort your confiscation of these documents? If it is a blockchain record, will another predator change the owner’s name in the land record?"
The Ukrainian National Bank’s research on the national digital currency has entered a new phase, and the central bank’s digital currency pilot project e-hryvnia has been announced.
It seems that there are also bitcoin enthusiasts in the country. In February of this year, some mysterious people used some means to make the words of the bitcoin on the tram in a city in Ukraine.
Prime Minister of Albania: cryptocurrencies bring open innovation opportunities
(Albania President Rama)
European country Albanian Prime Minister Edi Rama said in October last year:
“As part of our efforts to open up new markets and create new opportunities for high-paying jobs and qualified talent. We have been exploring the possibility of establishing a cryptocurrency regulatory framework, which is a shocking new thing today, where innovation Opportunities and the focus of building innovative financial markets are open to every country, despite their level of development."
In addition, the country's dynamics in cryptocurrency legislation are almost blank.
President of Belarus: Establishing nuclear power plant to dig bitcoin
(The Belarusian President Lukashenko with mine at home, right one)
In March last year, Belarus legalized cryptocurrency activities (including exchange services, ICO, mining and smart contracts). The presidential decree entitled "Developing the Digital Economy" came into force. The country aims to be a global IT center that attracts entrepreneurs from around the world in a business-friendly environment. Unprecedented degrees of freedom and generous financial assistance will attract cryptocurrency companies to come here.
Belarusian President Alexander Lukashenko has established the Belarusian High-Tech Park (HTP) to facilitate the operation of cryptocurrency companies, and companies registered here will be financially subsidized.
In April this year, Lukashenko revealed that Belarus is currently building a new nuclear power plant in the Grodno region, the Lithuanian border, some of which will be used for bitcoin mining:
“We will be launching an atomic energy station, where there will be excess energy. I have reserved some space there to build the mine, we will carry out bitcoin mining and sale. If you have bitcoin, selling bitcoin will not be possible. Question, right?"
"We will move in the same direction. If you want to encrypt currencies, cryptocurrency exchanges, mines, etc… we will continue along this path."