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

[Faisal2202]

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 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 are right, actually, the authorities in our country have no knowledge about crypto, which isn't shocking. But the most famous and trusted influencer in our country has confirmed that when he started a campaign to unban crypto in the country and also try to make legal laws for the ones who wanted to mine BTC and even he was the first to make a hydra power mining platform for BTC. His name is Waqar zaka. The point is, in his videos, he has confessed that the authorities to which he has to agree on accepting the BTC or crypto sphere. Don't know anything about it?

He said they are old people sitting on chairs doing the work, without noticing the current trend that other countries or the modern world is adopting. All they care about is their 9 to 5 jobs. And I really respect their jobs and the work they are doing but these guys really need a break and they should take a glance at the current trends how the world is going and what adoptions they are making to be in the race. But no, if a thing is not understandable by our authorities then that thing is banned and can not be legalized. That's the sad but bitter truth.

I hope one day BTC will become legal and the ban will be eliminated from it in mine and other aforementioned countries.

PS: why did you share a link in the middle of a post, as it seems not relevant to your topic!

[martinex]

I think it's not the restrictions that are the main obstacle, but the main thing is that they don't fully understand and are still afraid of market volatility, in this case BTC, in the development of digital financial technology. Now. Here what must be explained about the risks and if they are ready for that is a new story apart from the advantages that exist in BTC itself as a digital currency pioneer at this time.

[libert19]

I'm pretty sure people of these nations would be aware of it, it's hard to not hear of it as long as you have TV and Internet.

In addition, it's usually the backward nations that thwart any new evolution, but they eventually keep up when they see other developed nation's positive outlook/regulations, regulations which developed nations are working to provide however not have been successful so far in creating that perfect one, once that happens, these developing nations will also adopt and possibly derive their own regulation from what these nations do.

[Husires]

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 read somewhere here about Bangladesh and Algeria, both of them ban Bitcoin, but it does not seem that anyone has been imprisoned because of Bitcoin, and we can say that this ban is closer because taxes are zero and you do not need to report them to the authorities, and here I do not encourage doing any illegal work, but I say: Do not spend coins until they are legal.

Countries around the world will adopt Bitcoin after it succeeds, which means we have to wait a little.

[fruktik]

These countries lack in mordern infrastructure and are part of third world countries. The government are aware of Bitcoin but do not want thier citizens to venture into it. The main reason they want to keep a tight control on them. Another reason the rich want to stay rich. Those rich fund thier government to keep Bitcoin away from a common civilian. That is the reason they have either banned Bitcoin or have strict laws. Even after doing so much against Bitcoin we would find many citizens indulging in Bitcoin related activities. The government still doesn't understand that Bitcoin is currency that cannot be stopped by local laws

Doesn't the government understand? It's funny, though. There is a great awareness of what Bitcoin is and what it represents. They just can’t do anything about it, since blockchain technology is beyond the current time and cannot be controlled by government agencies.
This will continue until a tool appears that can calculate the beneficiaries of transactions. It may already exist, but it is incredibly expensive and its use is irrational. Don’t think that at the very top there are complete idiots who don’t understand anything. Everything is fine with this.

[Silberman]

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 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?

It makes no sense for a single person on the government to not understand bitcoin and take decisions based on their misconceptions about it, what I mean is that the politicians of those countries know very well what bitcoin is about and they want none of it, and this is because they understand very well bitcoin gives back the power of money to the people, a power politicians stole long ago for their own benefit, and since they want to keep that power they prefer to ban bitcoin or at least to heavily restrict it.

[Blitzboy]

Its odd that certain countries dont grasp this financial revolution message. In countries with unreliable banking systems, cryptocurrencies could be game-changers. Education is a must. In many locations, "Bitcoin" still makes people stare at each other (not positively). More knowledge helps people make healthy decisions. For those unfamiliar with crypto, it can like reading a philosophy book. You must simplify. Its not enough to offer crypto. Easy to understand is also required. There are many perplexing terms, such as "blockchain," "mining," and "wallets." Very easy to get lost.

[michellee]

Yes, more awareness is needed to know the benefits of crypto for them so they can start using crypto as an investment or a means of payment. And that requires a unique person or group to start introducing crypto to the people of these countries.

But it's best to let them decide how to use crypto and not force them to use it. Maybe the time is not yet right to introduce crypto in these countries, but I think some people already know Bitcoin even though they are still hiding it from others.

They also have to see the crypto status in their country so that when they use it, they will not experience any problems. And if it remains banned, people may not want to learn about crypto or even use it. So this also requires awareness from each government to allow its citizens to use crypto. So let's just wait for news from each country and hopefully, each country's government can allow its citizens to use crypto.

[KiaKia]

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 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?

It makes no sense for a single person on the government to not understand bitcoin and take decisions based on their misconceptions about it, what I mean is that the politicians of those countries know very well what bitcoin is about and they want none of it, and this is because they understand very well bitcoin gives back the power of money to the people, a power politicians stole long ago for their own benefit, and since they want to keep that power they prefer to ban bitcoin or at least to heavily restrict it.

Sir you are a brilliant human, if everyone is living fine in a country, the government won't be happy about it, the more people are struggling and some are turning into poor people, the more the government will be happy.

I am from such country where the politicians don't care about the poor, all benefits coming from them are flowing into their own people, politicians like themselves, I can remember when a presidential candidate talked about bringing blockchain and bitcoin adoption to the country, though it was a promise, but I am very surprised that a 50+ years old man knew about blockchain perfectly.

But they never let him into that presidential sit, if truly he could do this it will help the country massively, but like you've said, the government won't be happy if people find a break through, it's why how to make money was never thought in school.

[el kaka22]

This isn't even just about bitcoin, we are talking about something that is true about everything in some countries. There are still some countries who do not understand the current world we live in. While some nations are improved and going much further and living in a much more developed way, some nations deny this and want to live with the old ways because they know it, and the unknown and the future seems to be a lot more important on the long run as well.

We need to end up doing something that would be a lot better, when will this end up being true and when they will take the future? I feel like the best one would be just realizing how you would end up in the future and get those future kids in power to do that.

[kryptqnick]

I believe some countries can allow themselves to be restrictive or suspicious toward Bitcoin in case they are highly economically developed. That's because if they managed to get very successful without cryptos, it kind of makes sense to me that they don't want to risk changing their economies by adopting cryptos, as they have a lot to lose and don't really need the potential gains. But the countries the op mentions are not among them, these are countries that could use a boost and take a risk of becoming crypto-friendly. So I agree that it's a mistake for them not to adopt Bitcoin, and they'll likely feel left behind.

[Adams0001]

Yes, more awareness is needed to know the benefits of crypto for them so they can start using crypto as an investment or a means of payment. And that requires a unique person or group to start introducing crypto to the people of these countries.

But it's best to let them decide how to use crypto and not force them to use it. Maybe the time is not yet right to introduce crypto in these countries, but I think some people already know Bitcoin even though they are still hiding it from others.

They also have to see the crypto status in their country so that when they use it, they will not experience any problems. And if it remains banned, people may not want to learn about crypto or even use it. So this also requires awareness from each government to allow its citizens to use crypto. So let's just wait for news from each country and hopefully, each country's government can allow its citizens to use crypto.

I am confident that all of these top countries are already aware of Bitcoin, and it is not something they will introduce to them. I believe that the countries that have banned Bitcoin do not understand the benefits of using it. If the government understands the benefits that Bitcoin will bring to its citizens, he will not ban it. However, some governments have opposed Bitcoin because they do not have access or control over Bitcoin, because of is volatile am very sure one day all this country that banned Bitcoin will approve it one day and Bitcoin will be the best investment all over the world.

[mindrust]

It is their loss. We can’t do anything about it. Some people (or governments) just don’t want to be saved. Bitcoin doesn’t care whether they adopt bitcoin or not. Maybe they will come around when btc hits a new ath and goes above $100k… This happened many times before. Many btc haters became bitcoin supporters when they experience how bitcoin performed. If I am not wrong, Michael Saylor used to be a btc hater too and then he became a huge btc supporter. If people can change their views on crypto, countries can do it too.

[tjtonmoy]

I am from Bangladesh. It is one of the misfortunate countries where Bitcoin is banned. From my point of view, Bitcoin could open up many possibilities that could help the country. But the government is so ignorant that after knowing everything, they will never accept Bitcoin or legalize it. We just want to use our Bitcoin freely. No restriction! That's all we want.

But the government will say as always, that Bitcoin is something that is used for illegal activities and only the criminals are using it for their advantage. Like WTF! They use money too. Ban money too! what's stopping them?

[GbitG]

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 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?

It is absolutely certain that our government authorities do not have the slightest awareness of cryptocurrency. Above all, the proof of this is that the developed countries of the whole world are ending the financial crisis by using cryptocurrency, while the authorities of our countries see cryptocurrency from the perspective of being unstable and ruining the financial status. When not adopting cryptocurrency is a requirement of ignorance for these authorities, if these people had even a little knowledge of how profitable it is for society, they would also be supporters of facilities like Bitcoin, financial freedom, and immutable, incorruptible value stores. Bitcoin's one small disadvantage should not negate all of its advantages. Rather, it is important to think about how to understand and adopt it for the best financial establishment instead of applying restrictions and bans.

[Mr.suevie]

It is their loss. We can’t do anything about it. Some people (or governments) just don’t want to be saved. Bitcoin doesn’t care whether they adopt bitcoin or not. Maybe they will come around when btc hits a new ath and goes above $100k… This happened many times before. Many btc haters became bitcoin supporters when they experience how bitcoin performed. If I am not wrong, Michael Saylor used to be a btc hater too and then he became a huge btc supporter. If people can change their views on crypto, countries can do it too.

Well you can't possibly think everyone and every nation will accept bitcoin, even bitcoin has proven it's worth tons of time over the years many people will still just think opposite of the current benefits of having or operating with bitcoin. Well as for my country and bitcoin it was also a case of cat and rat but I thank GOD the new adminstration has actually given a green light towards the use of bitcoin and other crypto assets so instead of banning bitcoin they are actually now thinking of tasking it's transaction.

[michellee]

Yes, more awareness is needed to know the benefits of crypto for them so they can start using crypto as an investment or a means of payment. And that requires a unique person or group to start introducing crypto to the people of these countries.

But it's best to let them decide how to use crypto and not force them to use it. Maybe the time is not yet right to introduce crypto in these countries, but I think some people already know Bitcoin even though they are still hiding it from others.

They also have to see the crypto status in their country so that when they use it, they will not experience any problems. And if it remains banned, people may not want to learn about crypto or even use it. So this also requires awareness from each government to allow its citizens to use crypto. So let's just wait for news from each country and hopefully, each country's government can allow its citizens to use crypto.

I am confident that all of these top countries are already aware of Bitcoin, and it is not something they will introduce to them. I believe that the countries that have banned Bitcoin do not understand the benefits of using it. If the government understands the benefits that Bitcoin will bring to its citizens, he will not ban it. However, some governments have opposed Bitcoin because they do not have access or control over Bitcoin, because of is volatile am very sure one day all this country that banned Bitcoin will approve it one day and Bitcoin will be the best investment all over the world.

Maybe the government has started studying Bitcoin before allowing citizens to use it. This is done so that the government can benefit from using Bitcoin for themselves and their citizens.

So if the government doesn't know the benefits, they won't allow their citizens to use Bitcoin even though they can't ban it completely. But I'm also sure that countries that ban Bitcoin will eventually agree to it and it's only a matter of time.

So for now, we should wait for news from these countries. The government may still be busy with domestic problems so it hasn't allowed the use of Bitcoin.

[fruktik]

I am from Bangladesh. It is one of the misfortunate countries where Bitcoin is banned. From my point of view, Bitcoin could open up many possibilities that could help the country. But the government is so ignorant that after knowing everything, they will never accept Bitcoin or legalize it. We just want to use our Bitcoin freely. No restriction! That's all we want.

But the government will say as always, that Bitcoin is something that is used for illegal activities and only the criminals are using it for their advantage. Like WTF! They use money too. Ban money too! what's stopping them?

A painfully familiar picture. In my country, the situation is exactly the same, but this does not stop me from engaging in crypto. It is possible that under a different government the situation will radically change to the opposite. Be patient. Unless, of course, you are 70-90 years old)
Keep a low profile and try to do everything quietly so that you do not come under strict surveillance by government agencies. This could lead to dire consequences in the future. That's what I do. There is no need for me to shout at the top of my lungs that I can make transfers to another country using crypto projects or earn a small income. This is of no use. Let everything remain like this for some time.

[tjtonmoy]

~Snip

I can pretty much relate to what you are trying to say. That is the beauty of Bitcoin. It gives you security and protects your privacy. And it is yours to use however you want as long as you keep it to yourself. Your key, your coin. Even with all these restrictions, we can still use Bitcoin if we want to. It's only a matter of how we use it.

There are many people here who use Bitcoin and you can see that if you go to the local section. Banned? so what? Bitcoin has the power and it also gives its power to its users. Until Bitcoin becomes legal here this is the only way we can use Bitcoin. I am sure one day it will be legalized here. That day is not that far away I guess. So till then we can accumulate as much as we can and maintaining a safe strategy we can continue to use it. But safety first.

[superman184]

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?

Your thoughts on the benefits of cryptocurrencies and trying to provide suggestions to bring awareness to several countries that still reject and prohibit cryptocurrencies are good. But being aware of the authorities in several countries regarding matters related to cryptocurrency is not very easy because those who want to be aware are smart people and also have certain positions in their countries.

So something like that will always be difficult to do alone, because dealing with large crowds will not always be easy so there still needs to be other help from several parties who already believe in cryptocurrencies so that state parties who still don't believe in the benefits people from cryptocurrencies want to listen to it and make special considerations about it after they understand it very correctly and thoroughly.