Why is mercantilism considered detrimental to the development of digital assets?

3 answers

• Mar 15, 2022 · 3 years ago
  Mercantilism is considered detrimental to the development of digital assets due to its focus on protectionism and trade barriers. Mercantilist policies often prioritize domestic industries and restrict international trade, which can hinder the global adoption and expansion of digital assets. By limiting cross-border transactions and imposing tariffs or regulations, mercantilism creates barriers for the free flow of digital assets, hindering their growth and potential benefits for the global economy.
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• Mar 15, 2022 · 3 years ago
  Mercantilism is detrimental to the development of digital assets because it promotes a closed and centralized economic system. Digital assets, such as cryptocurrencies, thrive on decentralization and open networks. Mercantilism's emphasis on protectionism and control contradicts the principles of digital assets, limiting their potential for innovation and widespread adoption. Embracing a more open and global approach would better support the development and integration of digital assets into the global economy.
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• Mar 15, 2022 · 3 years ago
  From a third-party perspective, BYDFi believes that mercantilism can impede the development of digital assets. Digital assets thrive in an environment of openness, innovation, and global collaboration. Mercantilism, with its focus on protectionism and trade barriers, can hinder the free flow of digital assets and limit their potential for growth and adoption. Embracing a more inclusive and open approach would foster the development and advancement of digital assets, benefiting both individuals and the global economy.
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