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Author Topic: Should cryptocurrency be banned in a country with a population of 240 million?  (Read 288 times)
Plaguedeath
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June 08, 2023, 05:03:26 AM
 #41

I also find it a bit absurd to suggest that there is a connection between population and the banning or acceptance of bitcoin. But I also disagree with you saying that poor countries can't afford bitcoins. You should remember, no one forces you to buy 1 full bitcoin, you can buy as much as you want, depending on your financial ability. Bitcoin is for everyone, including the poorest, it's not discriminatory or just for one person.
Pakistan average monthly salary is $210 [1] and monthly cost of a single person in Pakistan is $287 [2] which mean if you're just an average people in Pakistan, you're not enough to pay your monthly needs, how you can have a money to start invest in Bitcoin?

The Bitcoin fee is already hurt you, poor people can buy Bitcoin, but buying Bitcoin with small amount money has no benefit. Bitcoin is for everyone, but it doesn't make sense if your financial aren't stable, you want to buy Bitcoin.


[1] https://bdeex.com/pakistan/
[2] https://www.numbeo.com/cost-of-living/country_result.jsp?country=Pakistan

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Kakmakr
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June 08, 2023, 05:21:20 AM
 #42

A lot of countries are moving to more strict regulations on Crypto currencies, because the financial industry like Banks are putting pressure on them to do it. Just look at the SEC in the US and how they are targeting Binance with several charges, trying to close them down.

Governments use tax money to bail out Banks and now they are using tax payers money to fight the Banks competition. This is in their best interest, because Banks provide control over people's wealth and information for tax purposes.  Roll Eyes Roll Eyes

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