Some Countries living behind their century, taking a back sit on BTC evolution.

[TheUltraElite]

More work? After mainstream appearance of Bitcoin a lot of this have been changing and countries are becoming more lenient about it. Still you are just one person who can make a difference in your community not your entire country. So start there are work with the adoption of crypto is local people are interested in it. You don't want to drag the legal problems in and get yourself into trouble either.

With a government being backward in evolution individuals have smaller roles but as more countries come in the accepting stance these countries will also chang their position. We need to keep that hope up and continue to generate more buzz about crypto.

[Z390]

You just mentioned the countries that are into Bitcoin investments even more, just because there is not much data to prove this claim doesn't mean I am wrong, where there is much struggles happening, Bitcoin and crypto interaction is not going to be scarce in such country.

Bangladesh people are into airdrops, bounties, crypto investment, and even crypto trading, and it's the same with many countries that aren't as big as the America or united Kingdom, I am somewhat within Africa, and Bitcoin just seems like a way to get out of poverty, in my country many people have escaped poverty because of Bitcoin.

The governments of these countries might ban crypto, it has happened in my country before, but it still won't stop people who are looking for a way to break free from poverty, believe me, these countries understand what Bitcoin is.

[Nrcewker]

I believe these countries understand what Bitcoin is, it is that the leader does not think that adopting Bitcoin will help them to improve their country.  It is a matter of the leaders belief for a country to implement something new.  Maybe they have more important things in mind that they think will have a better effect and improvement if implemented first than accepting Bitcoin. 

The government is strictly against Bitcoins because they cannot control it. Bitcoins decentralised nature provides features that it cannot be controlled by any governing body or organisation. As they cannot control the coin, so they won’t be able to impose tax on it also. This is the main reason for which they are not making Bitcoins legal. But people still using the coin and cashing it out through P2P deals. So government still not able to do anything.

[pinggoki]

There are other reasons why a country is set back and I think that thinking that bitcoin is a major cause of them is kind of stupid. One good example would probably be war, famine or even a corrupt regime. Bitcoin is just a small drop if you compare it to ocean which is the problem that a country faces that causes it to set back.

[DapanasFruit]

One of the big reasons why some countries seem are not interested with Bitcoin in particular and cryptocurrency in general is because they are thinking that crypto can be empowering people and the government will be gradually losing control on many things. Well, we could not blame them all because we in crypto can be thinking of the same thing, instead of just looking at cryptocurrency as just like any other assets like gold, stocks or commodities.

[inthelongrun]

One of the big reasons why some countries seem are not interested with Bitcoin in particular and cryptocurrency in general is because they are thinking that crypto can be empowering people and the government will be gradually losing control on many things. Well, we could not blame them all because we in crypto can be thinking of the same thing, instead of just looking at cryptocurrency as just like any other assets like gold, stocks or commodities.

It's sad because some of these countries mentioned by OP are not authoritarian countries like North Korea, China, and Iran. But these countries are third-world or developing and it might need more years before they realize that bitcoin and crypto are part of the non-stop innovations that are happening. Crypto and bitcoin are decentralized but they can regulate it. Maybe it's the insecurities of the leaders and the beliefs that lead them to make a stand to continue controlling their citizens. They didn't know that being too strict and controlling can result in something bad in the long term. No wonder China is not following real communism and its rules will continue to change in the future depending on how they see things.

[pooya87]

despite being accepted in most part of the world.

Is it though? Bitcoin adoption, despite what it may feel like, is still pretty small around the globe. A lot of people may have heard the name "Bitcoin" but a tiny fraction of them have ever bothered adopting it. This is exactly why bitcoin is currently priced at $25k instead of a million dollar.

I personally think more awareness about  the benefits of trading with cryptocurrencies needs to be created particularly in nations where there are restrictions and banned on cryptocurrencies and also it should  be made more simple for easy use no matter the level of one  literacy. More work is needed. What are your thoughts?

First of all there is a different between using bitcoin and trading cryptocurrencies, the former is what we want and the later is not useful at all.
Secondly you have to first see why these handful of countries have banned bitcoin in first place then try to solve that reason and eradicate their concerns before the ban can be lifted. For example a country like Bangladesh doesn't have nearly enough surveillance capability like United States with its military organization called NSA to be able to fight illegal digital activities so it is understandable for Bangladesh to ban bitcoin but not US.

[Woodie]

Bangladesh, Domican Republic,  Bolivia, Nepal, Ghana,  Algeria and a host of other nations seems not to understand the times and seasons as regards world changing currency BTC, despite being accepted in most part of the world.

Their governments might not recognize BTC,  but I believe these guys still use cryptocurrencies as it's not easy to get ban

I personally think more awareness about  the benefits of trading with cryptocurrencies needs to be created particularly in nations where there are restrictions and banned on cryptocurrencies and also it should  be made more simple for easy use no matter the level of one  literacy. More work is needed. What are your thoughts?

Unfortunately awareness alone won't make it easy for regulation or acceptance, because like here you talking about trading and when it comes to trading bitcoin can easily distabilize one economy as its a currency too and to protect whats already there like bonds, investors, local currency  etc you need a government agency to regulate these securities ( whatever btc will deemed to be) tbh it's not that easy especially if the government is to be involved.

If it were up to me, I would rather let BTC run as a parallel currency/asset without really recognizing it as legal tender.

[Lucius]

Bangladesh, Domican Republic,  Bolivia, Nepal, Ghana,  Algeria and a host of other nations seems not to understand the times and seasons as regards world changing currency BTC, despite being accepted in most part of the world.

I don't understand what exactly these countries should understand and how Bitcoin should help them? If by some miracle tomorrow all these countries declare that Bitcoin is completely legal and also a legal tender, what would change in these countries in your opinion?

In addition, one of our members was recently in one of the countries you listed and bought BTC using an ATM, so everything is not as bad as it seems to you.

I personally think more awareness about  the benefits of trading with cryptocurrencies needs to be created particularly in nations where there are restrictions and banned on cryptocurrencies and also it should  be made more simple for easy use no matter the level of one  literacy. More work is needed. What are your thoughts?

You can tell people about Bitcoin as much as you want, but if they don't have a job and a roof over their heads and can't put enough food on their table every day, and they don't even have the internet or only have it occasionally - what will they do with Bitcoin even if someone give it as a gift - maybe transfer it with the help of a carrier pigeon that would carry private keys instead of letters

[Jawhead999]

Well you can't expect every country would have a good economy, facilitation, internet connection, etc because each country has a different president, culture and resources. So if you live in where you can enjoy internet, you need to be happy and grateful because not everyone has a same situation like you.

Even they're have money and internet connection, the problem isn't they should invest in Bitcoin, but how to survive and learn about technology.

[348Judah]

Bangladesh, Domican Republic,  Bolivia, Nepal, Ghana,  Algeria and a host of other nations seems not to understand the times and seasons as regards world changing currency BTC, despite being accepted in most part of the world.

Www.https//cryptonews.com

I personally think more awareness about  the benefits of trading with cryptocurrencies needs to be created particularly in nations where there are restrictions and banned on cryptocurrencies and also it should  be made more simple for easy use no matter the level of one  literacy. More work is needed. What are your thoughts?

What in particular are the challenges with these countries you have mentioned, is it that they have the least numbers of bitcoin adoption globally or that they have banned bitcoin and cryptocurrency in their country, sometimes we only look at the success and achievements that bitcoin had within the it first fourteenth year, we cannot expect everyone to have been used to it that way or every to allow their government adopt it use like that without clearing their doubts about bitcoin first, there are also countries where bitcoin is made a legal digital currency the people were allowed to use aside El-Savador and Central African Republic where bitcoin is made a legal tender.

[SamReomo]

Most of those countries have awareness about the benefits of trading but a few of them also know the drawbacks of crypto-currencies. I don't think that awareness about crypto-currencies will solve the problem of those countries because we know that most of the crypto-currencies have turned out as scams. We should promote awareness regarding Bitcoin not any other crypto-currencies because only Bitcoin can solve the problems of those countries not other crypto-currencies.

Those countries that you mentioned won't be accepting Bitcoin because of their corrupt politicians because they somehow act that Bitcoin is harmful and they create fake stories to continue the ban on Bitcoin and its usage. Those countries will only adopt Bitcoin if the ones who control the main power of those countries allow Bitcoin to be used as a form of trading, and it will take a lot of time to see something like that. There are many other countries that aren't in favor of Bitcoin because of their corrupt system and they won't be adopting it any soon.

[TheSpiral]

In the country where there is restrictions on bitcoin investment people cannot get awareness because the leader of a countries do not allow such type of seminars and programme that are planned for the purpose of bitcoin Awareness.

Every nation know very well about bitcoin investment but they are not ready to allow this because they think that this will effect the economy of their nations.
There may be another reason to not accept bitcoin but we don't know what the reason, we only can realize that they know everything about bitcoin but due to some reason they have banned it.

[ZAINmalik75]

Some of the countries you mentioned are not doing so badly compared to other countries who do use BTC or have adopted the Blockchain idea.
Why cryptocurrency or the emergence and use of BTC is gaining customers, is due to the fact the government is doing well in doing nothing to ease the inflationary taxes and purchasing power.

That's true to some extent because most of the people really wanted an option in which they want to pay tax instead of choosing an option in which they don't have to pay tax but have to use the BTC or perform related transactions in p2p with full care. Due to the ban on BTC by the government. And I am one of the people who prefer to choose the first option. Because the tax will definitely cut some of the money we have in BTC or in any other crypto token still we will be free to talk about it and will be free to openly say anything about cryptocurrency and its relevant technologies.

Even, I have seen, many bloggers being discouraged from making blogs on Crypto because the last time when they banned crypto they also banned more than 1400 websites that are directly related to crypto but most of those websites were performing exchanging feature. But the point remains the same, the bans should be lifted and the acceptance of tax is bearable but not the fear of ban from the country.

[ChiBitCTy]

I don't want to get too political here, but this is a major problem with much of the eastern part of the globe.  I'm not saying the western part of the globe is necessarily better, but in many ways it is, and is much more progressive.  Progressive means progress and countries like China are anti-progression in many ways.  For example China has banned bitcoin, but created the "digital Yuan".  This shows that the government of China understands the value of cryptocurrency, but they don't like bitcoin because it takes control away from them. The digital Yuan is anything but decentralized.

I do have hope they will progress as time goes on.

[Bananington]

The countries mentioned may not be taking a back seat from their perspective on BTC, but to refrain from following the crowd of countries who do, might be just the wisest thing to do. If the population is concentrated and the workforce rely on human capital to ensure it maintains a good nGDP annually, then the government would do everything including banning the adoption of all crypto related activities and some mobile features even just to prove a point.

You shouldn't also expect countries with less seriousness about tech advancement like these aforementioned countries, to jump into cryptocurrencies business now mostly as exchanges are under very strict regulators microscope for malpractices, hacks and laundering cases.

[serjent05]

Some of the countries you mentioned are not doing so badly compared to other countries who do use BTC or have adopted the Blockchain idea.
Why cryptocurrency or the emergence and use of BTC is gaining customers, is due to the fact the government is doing well in doing nothing to ease the inflationary taxes and purchasing power.

Bitcoin is not the only solution for a country's growth.  In fact, i do even think that at the current state of Bitcoin, it will only do little in terms of economic help. Using blockchain technology does not necessarily mean integrating Bitcoin economics into the country.  A government can use the blockchain technology concept but at the same time restrict the bitcoin market.

Remember adopting Bitcoin is not a live-and-die situation where one economy's life relies on the adoption of Bitcoin.  So I believe one can adopt the Bitcoin technology while pushing away its economic industry.

[Baofeng]

I personally think more awareness about  the benefits of trading with cryptocurrencies needs to be created particularly in nations where there are restrictions and banned on cryptocurrencies and also it should  be made more simple for easy use no matter the level of one  literacy. More work is needed. What are your thoughts?

Perhaps it's their form of government not allowing their population to see the beauty of Bitcoin. For example, Bangladesh considers crypto currency as illegal, so how can the people be involved in crypto if their government is not allowing them?

I don't think though that we need to work on it, even in huge country such as India wherein the people are fighting for it and yet they can't do anything as their government opposes it.

https://www.indiatoday.in/cryptocurrency/story/rbi-gov-calls-for-an-outright-ban-on-cryptocurrency-as-union-budget-2023-approaches-2322146-2023-01-16

[taufik123]

Bitcoin is not the only solution for a country's growth.  In fact, i do even think that at the current state of Bitcoin, it will only do little in terms of economic help. Using blockchain technology does not necessarily mean integrating Bitcoin economics into the country.  A government can use the blockchain technology concept but at the same time restrict the bitcoin market.
-snip-

The basic concept of Blockchain technology is also utilized by China by creating its own Blockchain and banning crypto.
So there is no need to adopt Bitcoin.

Bitcoin itself is indeed the only solution for a country's economic growth, there are many other things that can build a country's economy.

Bitcoin is an anti-inflationary digital currency and certainly provides several advantages and has several disadvantages.
Countries that have fully adopted Bitcoin such as El Salvador already have their own research and already know what to do with Bitcoin adoption.

It is not easy to start bitcoin adoption for a country, as there is a lot to consider.

[Darker45]

Rather than "more awareness about the benefits of trading with cryptocurrencies", it should plainly be about Bitcoin education for a start. I'm convinced that many people, leaders included, are not into Bitcoin simply because they haven't understood it well enough. The more you understand Bitcoin, the more you want it. Although when it comes to decisions of governments, there will always be a good amount of power play. It's possible the elite bankers and financers could prevail over a pro-Bitcoin president. But it will only be a matter of time before the leadership could no longer resist the demand of the people and be friendly toward Bitcoin.