That is really sad news for the people. Since bitcoin is partially ban, means in future also you have to be cautious When holding your coins. I would say that you should invest it in an anonymous Wallet which generally doesn't require any KYC. Because once it is fully banned you will not be able to hold and may have to surrender too.
That's true you said. But most of the small countries are just hitting around the bush, given excuses that is very unnecessary when it concerns the reason of delisting crypto in their country. I'm not just happy with my country, halting crypto to their fiat currency transactions. Something that was going better until the made that unworthy call and disrupt such progress. Ever since they took that wrong law to halt such exchange, the fiat currency is just sinking and well below the USD and other African countries that is on same level with ours when it comes to natural resources, values and rank.
What I mean is in the global prospect. It is not like a poor man has to trade with bitcoin. Accepting bitcoin largely means when govt regularizes bitcoin, then the country will get benefit from that value of bitcoin in global scenario. When a country will trade with another country, using bitcoin will reduce the burden of the poor countries as they have to pay a lot more after conversion of currencies.
You may accept bitcoin as payment with expresscrypto for reduce price of bitcoin transactions fees or faucetpay for accept bitcoin payment. So there is wallet for micro bitcoin transaction.
And also if you trade in these express cards you can quickly and effortlessly complete the transaction. But their annual maintenance chargee are very. So I had not applied for it yet. Even also, my country has still not regularized the cryptos. When it will be legalize I will apply for it.
I got your points, it is a message full with wisdom. Your suggestion will be worthwhile if the government of those countries who never wowed crypto will do as much to accept crypto as a means of business. My own country whose economy is weak should wow and embrace crypto investment. But instead of they'll accept crypto in order to boost their dying economy and improve their forex they decided to thwart such development. I don't think we'll grow with such null brains called politicians will continue ruling us.
Exactly. The value of USD is different for your country and it's different for my country. In USA with 1 dollar you can buy nothing, but with that 1 usd only, you can buy lots of stuffs in our country after conversion. These disparities of currencies will be vanished once we start trading with bitcoin. Because it's value is equal everywhere.
You're right, and that's why the governments of some countries aren't given it the attention it supposed to receive. They view it as threat to their national currency. With crypto widely accepted in all the country it will surely be the universal currency for all kinds of transactions and things will be stable with it.
Its more complicated than it seems. The rich countries will never want that bitcoin should be legalized all over the world. In that way, the value of their local currency will be of no use. In other hand, The poor countries should try to regularize them, because their own currency is already of no use. There are many countries which already have resolution to pass this cryptocoins as their second currncy at hand. This will surely help to boost their economy.
Not only yours. Many other countries also tried to put ban on the crypto coins. Like china, india etc. Our country also once releases a statement that bitcoin will banned here too. But later a comittet was formed. And as per the report of the committee, govt took back it's decision and now thinking to regularize it. This is a very good development for crypto market.
Okay, your country's government takes the worries of its subjects as priority. Here in my country the govt doesn't even care if we exist or not. They go by making unfavorable decisions that never suits its subjects, just pleasing to themselves alone. They banned crypto to our fiat currency transactions overnight, without prior notice. Which country are you from??
Every country should think of long term. At present, if any country approves the bitcoin, the the local currency will fall for sure. But once bitcoin will be globally accepted then the country will be in a very advantageous stage.
I am from India too. As I said our govt had firstly tried to ban the crypto currency. But later they reversed their decisions. Now they are on a hold to any legal notice about crypto. Let's see what happens in future.
Nice to hear that you're from India. I don't know why must of the lower tier countries govt just decide to hate the advancement of crypto. They don't know the role crypto will add to their economy. They should ask other developed countries like USA, Canada, Australia, UK etc, how does crypto impact to their economy? I believe they'll get better response.
Actually the main reason why they reject it because of the short term consequences. There is no doubt if they pass the resolution then the local currency will have negative impact and even depreciate its price. But in longer term, when Bitcoin will be accepted worldwide, that at that time the people of the country holding bitcoin will be in advantageous position.
Here in my country our native currency have no value, i don't mind if crypto tarnish it to be valueless. Since you'll spend huge sum of it and still it doesn't satisfy your needs. I just want the world to come in conclusion to make crypto the stand out currency for modern day transactions both online and offline. That's why I'm holding BTC, BNB, LTC, BCH, till that time.
