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RE: Will The European Union Opt for a Cautious Approach to Regulation of Crypto Currencies?

The government should take more steps for developing country. On the other side government should have a lot of responsibility for his duties. A country can not improve without government's helps.
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Like Iearlieron stated, I think it is a great opportunity for small developing countries to evolve with the crypto space. They will certainly reap many benefits from this dynamism.