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This is something that I am intrigue to learn about the outcome, due to the fact that it can set either a negative or positive precedence for the case on the adoption of cryptocurrency as a legal tender in other countries.I have heard of Guatemala. However, these days media houses and also people do not talk about how these countries that adopted bitcoin as a legal tender are coping with the substantial loss in the value of bitcoin
Apparently, we are overwhelmed by the adoption of Bitcoin by El Salvador but we forgot that Guatemala is a small country that also use and cherish Bitcoin do much.This is something that I am intrigue to learn about the outcome, due to the fact that it can set either a negative or positive precedence for the case on the adoption of cryptocurrency as a legal tender in other countries.
We were busy talking about the Bitcoin adoption in El Salvador, of course, it is the first country on the globe that accepted bitcoin as legal tender . Guatemala is also a country that uses bitcoin greatly and all its citizens uses bitcoin because they know its values.
We cannot say that all the citizens of Guatemala use Bitcoin because it is surely not true, surely a part of the population does, as also happens in Argentina, also if we study the adoption of Bitcoin in El Salvador well, we will realize that it has not been for nothing overwhelming, said by foreign Bitcoiners who have moved to the country, the public still hardly uses it, despite the efforts of the government.We were busy talking about the Bitcoin adoption in El Salvador, of course, it is the first country on the globe that accepted bitcoin as legal tender . Guatemala is also a country that uses bitcoin greatly and all its citizens uses bitcoin because they know its values.
We cannot say that all the citizens of Guatemala use Bitcoin because it is surely not true, surely a part of the population does, as also happens in Argentina, also if we study the adoption of Bitcoin in El Salvador well, we will realize that it has not been for nothing overwhelming, said by foreign Bitcoiners who have moved to the country, the public still hardly uses it, despite the efforts of the government.
In my country it is getting very difficult too, the other day I withdrew $350 from my Kraken account to my Spanish bank account, Kraken charged me a commission of $2.5 for said withdrawal, that is something acceptable, when the $347.5 came into my bank, they took almost $150 from me supposedly in commissions, I called the bank pissed off and they didn't give me many explanations, saying that they were for taxes and other deductions, anyway they took it from me for no reason, probably because it was money from crypto, simply a shame.It's basically the same thing in my country. We still find a way to make use of Bitcoin and other cryptocurrency even though our government isn't out to support cryptocurrency. Banks don't support it too and any transaction liked to cryptocurrency is frozen by our banks. It's why cryptocurrency details are excluded when using banks to make payment here.
In my country it is getting very difficult too, the other day I withdrew $350 from my Kraken account to my Spanish bank account, Kraken charged me a commission of $2.5 for said withdrawal, that is something acceptable, when the $347.5 came into my bank, they took almost $150 from me supposedly in commissions, I called the bank pissed off and they didn't give me many explanations, saying that they were for taxes and other deductions, anyway they took it from me for no reason, probably because it was money from crypto, simply a shame.
It should be noted that much of this money comes from my online activities, and that they take that amount from me is simply shameful, I am seriously thinking of changing to another bank.