• Please note to have a link in an article you must first request permission from the administrator and pay a fee. You can read more information here.

What does the future holds for cryptocurrency in your own country??

Sincerem

Valued Contributor
Valued Contributor
50,000 Post Club
USD
$0.0000USD
Biznotes
0
In our country, the use and holding of cryptocurrencies is not prohibited. Dont worry, everything will be fine, dadsting is also the time when the restriction on the use and holding of crypto in your country will disappear. And in the future it will be essential because we are obliged to use it in our daily transactions.
Thanks lot for the motivational word you've shared here. I won't panic, I'll wait gently when the partial ban will be lifted and everything around crypto transactions will become up and running again.
 

Ridorz

Seasoned Veteran
1000 Posts Club
USD
$11.0000USD
Biznotes
0
That is what exactly happened in my country you have said. I do not know the reason my country government doesn't accept crypto currency as a legal currency, my country government see crypto as illegal currency that it's easier to fraud people be it practicalize through internet.
 

marky

Addicted Member
1000 Posts Club
USD
$0.0000USD
Biznotes
0
Digital forms of money are all inclusive in and have wide reach, despite the fact that levels of acknowledgment and embrace by governments contrast in various nations. The world is developing and methods for installment is likewise being refined and with time it will be the most remarkable installment passage and government like those in my nation will have no issues with
 

Emma Aneni

Paragon Member
1000 Posts Club
USD
$0.0000USD
Biznotes
0
In our country Nigeria, we are not strict about cryptocurrency holders., but we are banned from gambling by cryptocurrency., we can only trade invest, and save, even in wallets we can buy at grocery or malls.
 

Greatguy1

Addicted Member
1000 Posts Club
USD
$1.0000USD
Biznotes
0
The future is bright just that governments all over the world are trying to find a means to control cryptocurrencies inflow of cash. It is perceived as an easy means for money laundering. My country is trying to ban cryptocurrencies but let's see how far they go with it.
 

zenith

Addicted Member
500 Posts Club
1000 Posts Club
USD
$0.0000USD
Biznotes
0
According to them cryptocurrency is one of the reason for the weakening of the naira but the question is what are we exporting?.we don't produce and export enough and we expect the naira to be strong.instead of them to look for a way how can become exporting nation they are busy beating anou the bush.
 

Olubayo12

Paragon Member
1000 Posts Club
USD
$0.0000USD
Biznotes
0
Sometimes my own country makes some unfavorable decisions that is unpleasant to its people without reasoning the future implications. stopping the banks to trade Cryptos on their own, and stopping them from accepting deposit of cryptos from online merchants isn't the right choice at all. Only the future will tell where this will lead to. I believe that no matter the dreaded circumstances that fazed crypto at the moment in my country. I believe that it will still grow both in my country and worldwide.

Have your country adopted wide usage of Cryptocurrency? Or still doubting it like my own country??
in my country here, the reverse is the case despite the fact that most other countries are and have adopted the use of Cryptocurrency, my country just issued a decree prohibiting the transaction of bitcoin. I have always wondered why this is supposed to be. as if the government doesn't want us to move further or what
 

Olaoluwa Abraham Abiodun

Resident Member
500 Posts Club
USD
$4.0000USD
Biznotes
0
  • Unfortunately in under developing countries like Pakistan it is very difficult to implement cryptocurrencies for general use. Most people are uneducated and they don't even know about the use of cryptocurrency and there will be also big problems of its security and proper usage
 

chicnthin

Seasoned Veteran
1000 Posts Club
USD
$0.0000USD
Biznotes
0
I think cryptocurrency, especially bitcoin is accepted and supported in my country. We even have a crypto wallet that is licensed by our country's central bank. Although the wallet only supports a few coins but it's still good.
 

Olahab

Addicted Member
1000 Posts Club
USD
$0.0000USD
Biznotes
2
Cryptocurrency has become a global phenomenom in recent years, although much is still to be learned about this evolving technology. There are many concerns and worries swirling around the technology and its capacity to disrupt traditional financial systems.
 

Joseph555

Seasoned Veteran
1000 Posts Club
USD
$0.0000USD
Biznotes
0
Sometimes my own country makes some unfavorable decisions that is unpleasant to its people without reasoning the future implications. stopping the banks to trade Cryptos on their own, and stopping them from accepting deposit of cryptos from online merchants isn't the right choice at all. Only the future will tell where this will lead to. I believe that no matter the dreaded circumstances that fazed crypto at the moment in my country. I believe that it will still grow both in my country and worldwide.

Have your country adopted wide usage of Cryptocurrency? Or still doubting it like my own country??
My country is in very sorry this situation just yesterday the government of my country and how the ban on cryptocurrency which are has lead to the entitlement of the society because cryptocurrency has fast become main source of living too many people, so a ban on cryptocurrency is like a a sack letter to thousand of Nigerians which should not be accepted.
 

Shivay

Cobra Kai
1000 Posts Club
USD
$4.0000USD
Biznotes
0
Sometimes my own country makes some unfavorable decisions that is unpleasant to its people without reasoning the future implications. stopping the banks to trade Cryptos on their own, and stopping them from accepting deposit of cryptos from online merchants isn't the right choice at all. Only the future will tell where this will lead to. I believe that no matter the dreaded circumstances that fazed crypto at the moment in my country. I believe that it will still grow both in my country and worldwide.

Have your country adopted wide usage of Cryptocurrency? Or still doubting it like my own country??
Brother my country is currently on its way to ban the bitcoin. They also cased a file in 2017 but the cryptocurrencies won it in jan 2019 and now they have again foled a case against it. So , definitely India is not looking towards adopting it for now.
 

Rashid

Resident Member
500 Posts Club
USD
$0.0500USD
Biznotes
0
I never heard any debate or talk abiut crypto currencies neither on media talk show nor by government. So it means there is no talk on this so far. But may be in future they will ban or not it's upto government. But some countries banned this currency and even considered illegal
 

Dubai

Familiar Face
5000+ Posts Club
USD
$0.0000USD
Biznotes
0
The future of crypto currency in our country Nigeira is quite bleak. The laws keep limiting the wide usage of crypto as a medium of transaction. They recently asked banks to put a ban on the use of accounts for crypto-related activities. I doubt if the government won't come up with another harsh decision on the use of Bitcoin and others crypto.
 

Ltherman

Seasoned Veteran
1000 Posts Club
USD
$1.0000USD
Biznotes
0
There is still a lot of room for growth as one of the regulatory bodies came out with a framework to guide developers of cryptocurrency and digital tokens.
There has been an increase in projects around this areas of endeavour since this policy came out which has led to the rise in activities within the crypro space.
 

Shahzad Ahmad

Addicted Member
1000 Posts Club
USD
$0.0000USD
Biznotes
0
I my country, hopefully the future of cryptocurrency is not good because cryptocurrency is foreign currency exchange that is banned in my country before 10 years. There is no chance to unbanned cryptocurrency I think, because my country cannot bear to exchange it. However it has lot of benefits.
 

Sarfraz Ali123

Paragon Member
1000 Posts Club
USD
$0.0000USD
Biznotes
0
the state bank of Pakistan banned cryptocurrencies in the country. The state bank of Pakistan declared all types of cryptocurrencies, including Bitcoin, Litecoin, Pakcoin, OneCoin, DasCoin, Pay Diamond, or Initial Coin Offerings (ICO) tokens, are not legal or guaranteed by the state bank of Pakistan.
 

Blessedsam60

Madly Diligent
5000+ Posts Club
USD
$0.0000USD
Biznotes
0
What the future hold for crytocurrency is my country is fair. I will say fair because my home country which is Nigeria has lately be going against the move to adopt the block chain technology I.e Nigerian government.
And little did they know that crytocurrency holds a promising future as technology advancement is a must regardless of where you are.
 

Eodine

Eodine
5000+ Posts Club
USD
$0.0000USD
Biznotes
0
Crypto currency is fast becoming the preferred method of payment in different countries over the world now but the government regulation in each country differs, like Nigeria, crypto currency has not been approved as a legal means of payment.
 

Olubayo12

Paragon Member
1000 Posts Club
USD
$0.0000USD
Biznotes
0
Sometimes my own country makes some unfavorable decisions that is unpleasant to its people without reasoning the future implications. stopping the banks to trade Cryptos on their own, and stopping them from accepting deposit of cryptos from online merchants isn't the right choice at all. Only the future will tell where this will lead to. I believe that no matter the dreaded circumstances that fazed crypto at the moment in my country. I believe that it will still grow both in my country and worldwide.

Have your country adopted wide usage of Cryptocurrency? Or still doubting it like my own country??
In my country, cryptocurrency is not being given the attention it deserves here. In fact, many a times the government here will just come up with any rules to discourage those dealing in cryptocurrency. The future of cryptocurrency in the country is not encouraging at all.
 
Back
Top