Cryptocurrency is important for a country? or not...

[panukurap]

I think the importance of Bitcoin in a country depends on each individual who uses it. If they use Bitcoin properly and make a profit from it, I think this can benefit the country because the poverty rate may decrease, unemployment will decrease, and people can still be productive even though they are only at home. bad, such as crime, drugs or others.So be smart in choosing and sorting out how the right action is taken.

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[oemar bakrie]

it all depends on our understanding and also the purpose of using bitcoin for a country if it is used positively without any legal deviations it can automatically provide progress for a country, especially in the economic center.but it all depends on the status of bitcoin if it is in .legalize in a country..

[Ozero]

Cryptocurrency is essential for the development of a country?
Does cryptocurrency play an effective role in the development of the country? Or does it hinder the development of the country and cause extreme damage to the country?
What do you think about this?

It is still difficult to say how the development of cryptocurrency will affect the economy of countries in the future. Previously, there was information regarding Japan for 2017-2018 after the legalization of the cryptocurrency there in April 2017 that the country's gross domestic income as a result of the circulation of the cryptocurrency increased a little, it seems, a little more than one percent. It was also noted that as a result of the circulation of cryptocurrency, the general well-being of people has increased.
But until today, states have shown very little interest in cryptocurrencies.

[Jazzi Mahesh]

Cryptocurrencies offer many incentives to entrepreneurs around the world. It makes it easier for entrepreneurs to enter the international market, rather than strictly stick to the domestic market.

[masterrex]

I think it's not, but the underlying technology that cryptocurrency was used is maybe useful to any country that adopted it because Blockchain is useful in promoting transparency that's why it's not more on the crypto thing but on the technology itself so let us say that cryptocurrency is not that important because it's only a choice the more important is the technology.

[Alert31]

Cryptocurrency is essential for the development of a country?
Does cryptocurrency play an effective role in the development of the country? Or does it hinder the development of the country and cause extreme damage to the country?
What do you think about this?

I think it is just essential for individual who are using cryptocurrency but not for the development of the country unless it will be legalize  and taxable. Or maybe on the other hand it is essential for the development of the country because it provides job, alternative or other source of income that can help the government or the country to increase the number of people having a good living.

[lenovop-70]

Depending on the resources and resilience of a country I think, Cryptocurrencies are like a double-edged sword, if we use it wrong it will be destroyed, but if we use it properly, it will bring prosperity to us. So in my opinion, cryptocurrencies are a great way for a country with standardized resources to go ahead and surpass other countries.

[Odusko]

Cryptocurrency is essential for the development of a country?
Does cryptocurrency play an effective role in the development of the country? Or does it hinder the development of the country and cause extreme damage to the country?
What do you think about this?

Cryptocurrencies can develop a county by providing job for jobless youths  instead of them doing nothing they can start trading with bitcoin, it can also damage a country economy by leading to inflation if bitcoin price became too high,so it has both advantage and disadvantage.

[noormcs5]

Cryptocurrency is essential for the development of a country?
Does cryptocurrency play an effective role in the development of the country? Or does it hinder the development of the country and cause extreme damage to the country?
What do you think about this?

There are many countries that are already developed without cryptocurrency, therefore cryptocurrency is NOT essential for the development of the country. However, if the country adopts bitcoin, it can further be helpful for their growth. Also, it will be good for the people as they can freely use the crypto and it opens a new horizon for earning through mining's etc. Adoption of bitcoin will be recognized for your country. For example, before making bitcoin a legal tender no one knew about El Salvador but now everyone knows about this country.

[ReiMomo]

Its just another platform to invest and earn I would say. But yes a most wanted trending platform where everyone has an eye on it. It does not mean that country has to depend on it or the country finds crypto as an important tool to develop their economy. Its another tool to where everyone can hope to get returns by investing. Yes government plays the vital role in providing opportunities to its citizens to earn. Many countries have yes accepted crypto. Yes expect other countries soon. 

[Argoo]

Cryptocurrency is essential for the development of a country?
Does cryptocurrency play an effective role in the development of the country? Or does it hinder the development of the country and cause extreme damage to the country?
What do you think about this?

Cryptocurrencies can develop a county by providing job for jobless youths  instead of them doing nothing they can start trading with bitcoin, it can also damage a country economy by leading to inflation if bitcoin price became too high,so it has both advantage and disadvantage.

In the question of the necessity and usefulness of cryptocurrencies, it is necessary to distinguish between such usefulness and necessity for the state and its government, as well as for citizens. For citizens, of course, cryptocurrency provides new opportunities and is very useful. I hope that over time, people's interest in cryptocurrency will only increase and its need will grow. But for the state and its government, cryptocurrency creates more problems and is minimally useful for them, but not necessary. States will not widely use cryptocurrency. On the contrary, they will try to regulate its circulation in the country as much as possible.

[_BlackStar]

There are many countries that are already developed without cryptocurrency, therefore cryptocurrency is NOT essential for the development of the country. However, if the country adopts bitcoin, it can further be helpful for their growth. Also, it will be good for the people as they can freely use the crypto and it opens a new horizon for earning through mining's etc. Adoption of bitcoin will be recognized for your country. For example, before making bitcoin a legal tender no one knew about El Salvador but now everyone knows about this country.

Some of the things I can imagine from adopting bitcoin in a country are:

• Tax receipts from cryptocurrency
• Save money Remittance
• Increase the interest of foreign investors to do crypto business in the country ^{[exchange, mining farms, crypto-based services, etc.]}
• Microeconomic growth among crypto users [traders, investors, miners and other services]

Some of the things above are what I can imagine from a country that is willing to adopt crypto as a currency or as a means of payment. However, for developed countries such as the United States, it is still possible only within certain limits as an alternative means of payment without legalizing it as currency.