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

[henmark]

Awareness is for the general public, and the bans and restrictions are put by the governments who are always well aware of everything they do these things deliberately because most of them find Bitcoin to be a threat to their traditional financial institutions since people will slowly convert their storage of wealth and savings from those institutions into Bitcoin and the governments don't want that to happen hence they are imposing bans and restrictions on it.

I'm pretty sure that in all those countries, people are very much interested in using Bitcoin, I can see a lot of people from Bangladesh on this forum who are still involved with cryptocurrencies despite their government being pretty strict regarding the ban they've imposed. So, it's not the ease of access of use that is stopping these nations, it's their governments.

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[Franctoshi]

Oddly, certain countries don't 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 be like reading a philosophy book. You must simplify. It's 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.

There are two things I think are the problems here, one is that some countries have an understanding of the technology "Bitcoin" but I think are scared to adopt it because they can control it and in some cases are afraid of what it might do to their local fiat currency if they fully adopt it.

Using my country, for instance, when the government saw the increasing number of transactions involving crypto,  alongside the Naira was on a steady decline against the USD, They quickly placed a ban on crypto transactions in a way to frustrate and discourage participants from it, thinking it was a way to solve the problem.


while some countries are still studying Bitcoin and yet to make decisions and other set of countries don't even know the benefits it comes with, this is where I think Bitcoin education is hugely important and more awareness should be created.

[BIT-BENDER]

I know some Ghanaians that are very interested in crypto-currency and definitely open about their enthusiasms on crypto-currency so I don't think those fact are correct


And also there are very few countries that has come out openly to say they accept Bitcoin even the very developed countries hasn't, we have country like Elsalvador and some major's of US cities who has taking the bold steps in that regards.

Well I believe crypto-currency was meant for individuals to take advantage of it, you do not completely need the government to spoon feed anything to you, I have come to discover that the government aren't as concerned about my interest than myself, what I may advice is that those who have knowledge about Crypto-currency should try to enlighten others around them who doesn't.

[n0ne]

Countries lives behind the century. This is completely common thing, because big number of countries have never considered it as well as hadn't thought of regulating/legalizing its usage. Atleast some teams should have been organised to study whether there is need of bitcoin or not. This indicates the fear of the government, but the people of the same country have well understood about bitcoin and find loopholes to make use of it. In this way we were able to find good number of people from countries that had made outright ban on cryptocurrency.

[AHOYBRAUSE]

Some of these thread names really give me eye cancer. 

If you can't get it right please try to use google translate or something. That's better instead of fabricating this mess I think.

Anyway, of course the subject of this thread is still up to date since many countries for some reason don't believe or just straight up block cryptocurrencies.

I think they just want to keep the population in check and stay in control of finances. It's easier to control the masses if you control their habits and opportunities.

[Blitzboy]

Oddly, certain countries don't 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 be like reading a philosophy book. You must simplify. It's 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.

There are two things I think are the problems here, one is that some countries have an understanding of the technology "Bitcoin" but I think are scared to adopt it because they can control it and in some cases are afraid of what it might do to their local fiat currency if they fully adopt it.

Using my country, for instance, when the government saw the increasing number of transactions involving crypto,  alongside the Naira was on a steady decline against the USD, They quickly placed a ban on crypto transactions in a way to frustrate and discourage participants from it, thinking it was a way to solve the problem.


while some countries are still studying Bitcoin and yet to make decisions and other set of countries don't even know the benefits it comes with, this is where I think Bitcoin education is hugely important and more awareness should be created.

When paper currencies decrease in value, governments should defend their economies. Even though they seem opposed to Bitcoin, their response is based on a natural desire to keep things stable.

Understand that Bitcoin's decentralisation is like crossing new waters for many countries. A comprehensive prohibition, especially if hastily made, may not be the answer.

Its important that you brought up schooling. Knowing reduces fear. If there is a structured, widespread education campaign regarding Bitcoin, policymakers can better discuss its advantages and cons. Fear may become more manageable and beneficial with time and knowledge.

[Ucy]

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?

Well, Bitcoin is a Censorship Resistant, Permissionless and Unstoppable system that doesn't really count on the approval or disapproval of any country or person. It's always open for responsible freedom-loving people escaping tyranny anywhere in the world to be part of it. And it's built to protect them as long as they do not abuse/misuse the opportunity.


If you are banned from using the central water supply system, dig a well, rely on rain or natural water supply. They can't be banned or censored.

[qwertyup23]

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?

I think this has to do with educating the public about cryptocurrencies as a whole. Perhaps majority of their population does not even know about the existence of BTC in the first place, which is why the demand to push for such change is aloof on the part of the government.

Though this may be the case, I do agree with your point that these countries must consider the potential and opportunities behind cryptocurrencies. Lots of people are missing out on learning about its concept which may be considered as a win-win situation for both.

I just hope that in the future, more countries would integrate cryptocurrencies on their financials and more countries would start to adapt it as an alternative payment method for their products/services.

[Aikidoka]

IMO restricting Bitcoin and banning it in some countries doesn't necessarily mean that the government lacks advanced knowledge about Bitcoin. They might believe that implementing Bitcoin in the country could lead to financial problems especially if a large portion of the population adopts Bitcoin and uses the country's currency less.

There could be other reasons that I'm not aware of. But to be honest, if I could influence government decisions worldwide I would advocate for the widespread adoption of Bitcoin. This would allow people to use it without restrictions which could benefit both people and the Bitcoin itself.