Europe is an Agent for Stronger Cryptocurrency Adoption

Europe had shown that they are not just interested in blockchain technology but also cryptocurrency. This could be seen by the adoption of cryptocurrency transactions by major banks in Spain, Switzerland, Belarus, and others online in other continents where banks are afraid of venturing into cryptocurrency as a result of no clear policy for crypto operations.

The reasons could not be far fetched

1) There is for them to create more jobs: the European Union had discovered that it is hard for them to create the number of jobs that could reduce the of unemployment and migration drive from Africa without encouraging cryptocurrency activities. Blockchain technology had shown to be one of the major job creation in time.

2) Need of the region: many countries within the European Union had shown that they are pro crypto and it will be out of it for the Union to reject what majority of its members are in support of.

3) The knowledge is increasing: there are a lot of fintech firms in the region that are fighting for the promotion of cryptocurrency education among its populace. This has increased the better understanding of what crypto is and how its operations are done.

4) cooperation of cryptocurrency exchanges: the region has gained a lot of interest from crypto exchanges that are migrating from Asia to their location due to friendlier policies and this exchanges are always cooperating with the government in fighting cryptocurrency crimes. This synergy had prompted a lot of investors to gain more trust with them.

5) Pressure to be the frontier: although the US is expected to lead other countries in making cryptocurrency regulations since the US has the largest economy. However, the region understands that there is need for them to make necessary adjustment due to the in flow of mining companies and crypto exchanges within the region. This could show that the region is expected to be a major drive in the near future for the higher adoption of cryptocurrency in the world.