could the FDI in any country be affected by cryptocurrency not being accepted?

[Cryptomultiplier]

Bloomberg, in a report, attributed the decline in Nigeria’s FDI inflow to factors such as multiple exchange rates and the central bank’s rationing of dollars.
This suggests that the country’s economic conditions are perceived as unattractive to foreign investors.

https://www.dataphyte.com/latest-reports/nigeria-records-its-lowest-fdi-in-9-years/#:~:text=In%20particular%2C%20since%20Q4%202021,central%20bank%27s%20rationing%20of%20dollars.
 

*Could the Foreign Direct Investment, FDI, be affected by a country not accepting cryptocurrency as a legal means of tender?
 (Also, considering the fact that Bitcoin is the future currency and a strong hedge against inflation, among other existing currencies).

Let's discuss!

[Reatim]

*Could the Foreign Direct Investment, FDI, be affected by a country not accepting cryptocurrency as a legal means of tender?
 (Also, considering the fact that Bitcoin is the future currency and a strong hedge against inflation, among other existing currencies).

Yes.

Bitcoin is used by many all over the world. If a country accepts bitcoin as their legal tender, foreign investors may flock to that country especially if they are participating in businesses that involve cryptocurrency or bitcoin specifically.

FDI is crucial to the economic growth of a country and this is only one of the many benefits of accepting bitcoin.

[kryptqnick]

From what I've read, foreign direct investment index depends on available restrictions on foreign capital, difficulty level of passing the screening to invest, restrictions on foreign employees, etc.
Special economic zones tend to accept and welcome cryptocurrencies, but that doesn't necessarily mean that being restrictive toward Bitcoin will result in a low index. There are other aspects to it as well. For instance, Israel scores very high on FDI, which I assume is because of how much the USA supports it financially.
I don't think restrictive crypto policies and practices are the only issue in Nigeria, but they can be a symptom of bigger issues.

[X-ray]

I think its just usually regional stability and Legal certainty but it also depends on what kind of foreign investment we are talking about, personally I don't think there's any correlation with the fact that a country choose to deny the use of bitcoin as a legal tender, not to mention the factors already mentioned by bloomberg report which is complex exchange rate policy.

it reminds me of countries in Asia where their FDI index has been growing substantially lately the country itself needs to be proactive to offer the best term for the potential foreign investors otherwise the investors would just look else where there are many countries in the world and the landscape are consistently shifting from one to another, the only country that truly trying to make it attractive for foreign investment gonna be the one that get all the investment.

good thing that from that article above there seems to be effort in improving the overall situation to eliminate all the regulation that hinders foreign investment.

[WillyAp]

From what I've read, foreign direct investment index depends on available restrictions on foreign capital, difficulty level of passing the screening to invest, restrictions on foreign employees, etc.

Most countries have a lot of restrictions towards investment from abroad. And that is not limited to crypto.
Their supervising authorities are mostly caught up in the past century. Handling a Iphone is the highest their technological understanding goes. 

[blckhawk]

I don't think it will, cryptocurrency as much as it's got a really big market capitalization, there's still not a lot of people that really cares about it especially in countries that's a hotspot for FDIs, they're not going to be affected that much so hopefully. If it's in a country that's got a really active and big cryptocurrency community, there's a possibility that FDIs might have to give in and try to comply with the need of that country to accept cryptocurrency but so far, that's far from happening anytime soon.