Crypto is becoming legal in my country! Any business idea?

[Renampun]

Hello all,
Cryptocurrency is becoming legal in my country. The government will make some laws to regulate the crypto in my country in September (god knows what).
Is anyone here that can give me any businesses idea? Or our gold time will be over after that?

Thanks!!

In which country do you live?...
My advice is that you should open a cryptocurrency exchange business such as a money changer because there will certainly be many people who don't understand and are afraid of failing to do a deposit.

[ruku@AL]

Hello all,
Cryptocurrency is becoming legal in my country. The government will make some laws to regulate the crypto in my country in September (god knows what).
Is anyone here that can give me any businesses idea? Or our gold time will be over after that?

Thanks!!

Which country is this?because how can we give good advice if we don't know about other regulations in your country.

But of course nothing best in Crypto is creating your own Gambling site,this will surely brings you money but of course this market needs knowledge and also you must be techy so better learn those first.

My country is Albania and yes gambling is illegal. I am already in the business admbet.com, its perfect!

[NavI_027]

Congrats you and the rest of crypto enthusiasts in your country . Good for you that you don't have to worry about possible law violations. What a relief!

Anyway, the business that I think of is bitcoin lending. I think this one is a great start for you, it's easy and you can make profits without exerting too much effort. Another business I think of is anything related to man's basic needs such as water station, rice dealer etc. Good luck.

[kotajikikox]

Hello all,
Cryptocurrency is becoming legal in my country. The government will make some laws to regulate the crypto in my country in September (god knows what).
Is anyone here that can give me any businesses idea? Or our gold time will be over after that?

Thanks!!

That's even a best and great things that happened in your country because how i wish this will be implemented in mine also and adoption will give us more sign of having Business that will operate using cryptocurrencies.

I think everything in the world of business is applicable for you now as people may have option accepting or paying you Bitcoin or some legit currencies.

if you have Good enough budget to start with?then try having "Ticketing office" this is close to accepting Online payments so Crypto is the best option to have aside from Paypal and other form of electronic payments.

But make sure that you are knowledgeable about this market because if not then you might become a target of scammers .

[noorman0]

Is anyone here that can give me any businesses idea? Or our gold time will be over after that?

Cryptocurrency is only a means of payment. If you already have a business before, I don't think you need to look for a new one. Just continue your business by adding a payment method of course. The only opportunity for individuals or small companies when crypto is legalized in a country is that they can expand their business area to overseas without worrying about payment problems through third parties and speed. Being the first company to receive crypto payments will also add to your company's existence.

[qory]

When cryotocurrency become legal payment currency in your country you can start opening store using bitcoin as payment way, I think many people will interested with your store because accepted bitcoin and altcoin as payment currency, but you must educate your people how to use bitcoin and altcoin then you must talk them benefit of using cryptocurrency as payment system, how ever many people still do not know about bitcoin and altcoin as payment currency.

[iv4n]

When cryotocurrency become legal payment currency in your country you can start opening store using bitcoin as payment way, I think many people will interested with your store because accepted bitcoin and altcoin as payment currency, but you must educate your people how to use bitcoin and altcoin then you must talk them benefit of using cryptocurrency as payment system, how ever many people still do not know about bitcoin and altcoin as payment currency.

That's the problem with opening anything, you need to have customers, and if the payment method is crypto than you need to have crypto oriented customers! For people outside big cities this is a huge problem! Opening an online shop, or some service can be a better option!
If OP have in mind opening some store or shop, he should accept all payment methods, fiat and crypto! It's a good way to attract people, fiat people will be able to learn more about crypto, while crypto people will have where to spend some crypto. To run a store you need to sell your goods, and more people come more money you can make, so for the start be open minded and try to have more payment methods for your customers/

[Naida_BR]

Hello all,
Cryptocurrency is becoming legal in my country. The government will make some laws to regulate the crypto in my country in September (god knows what).
Is anyone here that can give me any businesses idea? Or our gold time will be over after that?

Thanks!!

When a market opens,, everything you do is going to be profitable.
Try to find something that will be widely accepted in order to have a large target group. This is going to give you a huge income potential and if your services are of quality then for sure you are going to be successful.

[rodskee]

Hello all,
Cryptocurrency is becoming legal in my country. The government will make some laws to regulate the crypto in my country in September (god knows what).
Is anyone here that can give me any businesses idea? Or our gold time will be over after that?

Thanks!!

First Congratulations for having a very supportive government and also you are lucky to live in that country.


About the Business advice you want?i think this will depend on your passion and skills because business is not
 about just gathering income,but this is also about our
love in that specific business.
i also believe that Business is not for everyone ,because we have different personalities,characters and attitude
that definitely needed for business person.
I have some friends that hardly tried to become a businessman yet failure is what they got and also Best to
make your own studies first.
regarding quality and kind of items or service you will be planning too.

try also to be in Food business but Online,because this business has no big risk and also have small capital,
just try to sell food that has long life span and not those fresh one
because that would be risky.

[KrisAlex18]

Congrats, be what is that country?
Having an adoption of your country to the bitcoin would be a great idea, some other countries have started adopting this kind of currency because in the near future bitcoin can be a standard currency over the world, I believed I. that thing maybe, for now, it is really impossible to happen because of being volatility of this currency.

Anyway, since the exchange has already's suggested, I would like to suggest some online transactions that accept bitcoin as payment, for example hotel reservation, if the customer are going to have reservation for specific room they should pay first the reservation fee using the bitcoin. We can also have online store, try to create some websites that offers different things and if he customer orders your product, they should purchase it with bitcoin.

[Leviathan.007]

Usually after becoming crypto currency legal in countries, governments will thing about implantation of new systems like KYC for the local exchanges in order to avoid money laundry and illegal stuff and soon they will think about taking tax from miners/traders/etc.. (like south Korea) as far as I know. That's why I would recommend you do to all your exchanges before implantation of such systems. and if you want to buy a huge amount of bitcoins for a long term investment, considering the halving and what I said above now it's the time for you. Also, you could run a local exchange for your people and make them able to buy and sell bitcoins for your local fiat. 

[Rubick99]

Happy to hear that good news. You can start your business with using crypto as a currency to pay. Give your customer cashback for who pay with crypto. That just require little money if you want start that. If your business get bigger then you can start to build your own exchange in your local city.

[Freeesta]

Congratulations! In my opinion, the best idea is to lead all people to cryptocurrency and earn them yourself, it is to open your own store where all goods will be sold for cryptocurrency. At first it will seem strange to people, but then they will gradually begin to pay with cryptocurrency, because it is really very simple and convenient.

[brotherwood12]

crypto atm that exchange bitcoin/alt coin into currrent fiat will be good idea , or also some shop like cofee shop that accept cryptocurrency payment will be good also

[LogitechMouse]

It will depend on the following:
1. What is the thing that is needed in your place?
- If you see that you are lacking a food store in your place then build one. If you see that you are lacking a hardware in your place then build one. It depends on the needs of the people around you.

2. Your creativity
- Most of the sellers right now are doing online business so that they can still get an income in times of crisis. I know some here that are doing it and it really helped them to have some source of income aside from their work.
Any business will take time to get your ROI unless you are very popular since the first day then it will be a different story. With a business that accepts crypto, you increased the mode of payments of the customers. Any business can accept crypto if they want too.

[Questat]

There's a lot of business that has a potential, but depending on your capital of course.
I guess the most profitable would be an exchange, you never lose on this, the more the adoption will increase, the more your exchange will be profitable.

Look at Binance, they are making millions a day if I am not mistaken, so please be inspired with that and you'll be profitable.
Also, gambling site would be good but its only possible if gambling is legal in your country.

[Botnake]

Go for a lucrative business, with that, I can suggest a gambling site.

It's good if you will be the first to start a gambling site in your country, that way, you will get the market first and that will make you profitable overtime.

Just look at the overall status of the gambling industry, they are profitable so it means it's an attractive business for the gamblers.
Good thing with crypto casinos are, they allow gamblers to gamble anonymously, and that is your advantage over the fiat casinos, and the fact that there's a lot of gamblers in the world, you can also cater outside your country since you are operating in a crypto friendly country, that will increase your market.

[hahay]

Glad to hear this good news but I think it would be better for you to keep waiting for what regulations the government will make later but indeed, ahead of the legality to be announced it will be better for you to accommodate many ideas about businesses related to bitcoin and of course other crypto. But for me personally, if you have a business that is being done right now whether what business you have now, then just take advantage of the business that you have to accept bitcoin as a legal payment tool which of course you have to make sure everything is safe to do and if steps the beginning has been successful, then you can or even will easily develop many other businesses.

[Kasabus]

There's a lot of business that has a potential, but depending on your capital of course.
I guess the most profitable would be an exchange, you never lose on this, the more the adoption will increase, the more your exchange will be profitable.

Look at Binance, they are making millions a day if I am not mistaken, so please be inspired with that and you'll be profitable.
Also, gambling site would be good but its only possible if gambling is legal in your country.

Yes. Putting up a local exchange in your country is a great start for people to be aware about crypto and how it is more advantage compared to fiat. It might require a big capital but you won't regret putting it up because there's a huge profit waiting for you ahead. In my country, we have our own local exchange and i think more and more people have come to patronize it every year.

[snipie]

Hello all,
Cryptocurrency is becoming legal in my country. The government will make some laws to regulate the crypto in my country in September (god knows what).
Is anyone here that can give me any businesses idea? Or our gold time will be over after that?

Thanks!!

A local exchange is the ideal project however with big profits came big problems especially security ones. One successful hacking attempt could destroy your business.
A Bitcoin bank with credit cards, ATMs or a payment solution like BitPay or BTCPay may be a good ideas if there is many bitcoin users in your country (demand ++).