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Author Topic: in future are you hoping to see some countries in Africa legalis bitcoin.  (Read 553 times)
TheUltraElite
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April 10, 2024, 02:25:48 PM
 #81

In authoritarian African countries, legalizing Bitcoin may face challenges due to centralized control. However, discussions around its benefits for financial inclusion and economic growth could still emerge, influenced by factors like government attitudes towards digital currencies and financial systems.
It is bad for my fellow African members of this forum, they are trying to earn a livelihood from their earnings on this forum and working hard for the same, either freelancing on sites or doing different types of internet based work.

My suggestion is to continue your struggle and never lower your voice against such governments. Eventually they will forced to allow bitcoin usage and maybe not legalize it but allow it without asking questions.

At least its not like they are imposing 30% tax on crypto. Roll Eyes

R


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April 10, 2024, 02:59:47 PM
 #82

In authoritarian African countries, legalizing Bitcoin may face challenges due to centralized control. However, discussions around its benefits for financial inclusion and economic growth could still emerge, influenced by factors like government attitudes towards digital currencies and financial systems.
It is bad for my fellow African members of this forum, they are trying to earn a livelihood from their earnings on this forum and working hard for the same, either freelancing on sites or doing different types of internet based work.

My suggestion is to continue your struggle and never lower your voice against such governments. Eventually they will forced to allow bitcoin usage and maybe not legalize it but allow it without asking questions.

At least its not like they are imposing 30% tax on crypto. Roll Eyes
With so many countries accepting it already, African countries would be left underdeveloped if you they fail to lash onto the Blockchain so as not to be left behind by the rest of the world.
Bitcoin and cryptocurrencies is a way out of the many economic hardship so many African countries are facing and if Bitcoin can be adopted soonest to aid the plight of the citizens then the problem of recession and inflation would have gotten to a balanced quotient before the central banks even offer a solution out.

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April 10, 2024, 03:19:20 PM
 #83

bitcoin is a future digital currency, i strongly believes that before BTC celebrate 50 years in existence at least one or two African countries is going to legalis it. because block chain network is expanding every day by day. and most of the countries in Africa have the knowledge BTC how it works.

Bitcoin has much popularity in Africa, this coin has been in use in African is just that the government of african does not support a sincere system that's devoid of corrupt practices, bitcoin as a decentralized system does not permit somethings like total control by an entity in the system and the government does not like such because of the government sharp practices, we all know that once Bitcoin is totally adapted as a legal tender in Africa many things may stop, wallet can be tracked to know the amount that's in their so what if such wallet is for the payment of a government do you think such matter will be put to rest just like that, I think the answer is no, the only event that can take place in Africa in regards to bitcoin is individual or institution adoption, Africans are enjoying bitcoin transaction already wether the government approve it as a legal tender or not we are okay with the system as it is.


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April 10, 2024, 03:24:44 PM
 #84

With so many countries accepting it already, African countries would be left underdeveloped if you they fail to lash onto the Blockchain so as not to be left behind by the rest of the world.
Bitcoin and cryptocurrencies is a way out of the many economic hardship so many African countries are facing and if Bitcoin can be adopted soonest to aid the plight of the citizens then the problem of recession and inflation would have gotten to a balanced quotient before the central banks even offer a solution out.
Imho, african countries have way more serious problems to deal and sort out before thinking about adopting bitcoin as a legal tender.

Just take for example Central African Republic and their experience with making bitcoin legal tender. They agin absolutely nothing as they were simplt not ready to adopt something as tehnical as bitcoin is and instead they just did it because it was a cool thing to do.

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April 10, 2024, 06:14:05 PM
 #85

bitcoin is a future digital currency, i strongly believes that before BTC celebrate 50 years in existence at least one or two African countries is going to legalis it. because block chain network is expanding every day by day. and most of the countries in Africa have the knowledge BTC how it works.
It's obvious many countries will legalize the use of bitcoin sooner or later I think it's a matter of time. Aside Africa countries, a lot of countries will definitely legalize bitcoin. The fact we live in a digital era and if people fail to be partaker they might never benefit, legalizing bitcoin is not so difficult in most Africa countries but making bitcoin a legal tender seems difficult. I think without legalizing bitcoin people still make use of bitcoin freely under a private term, bitcoin doesn't necessary need the crowd to survive instead bitcoin still remain bitcoin without a legal permission. For example most Africa countries still have a great number of adoption rate, people who want bitcoin will go for bitcoin.

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April 10, 2024, 07:17:11 PM
 #86

Yes, not only that but I hope in the Next 20 to 30 Years we can see at least one small country or Island with bitcoin being it's official and only currency, that'd be a dream come true and a blow to all nay sayers.
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April 10, 2024, 07:23:49 PM
 #87

bitcoin is a future digital currency, i strongly believes that before BTC celebrate 50 years in existence at least one or two African countries is going to legalis it. because block chain network is expanding every day by day. and most of the countries in Africa have the knowledge BTC how it works.
As time goes by, I think before Bitcoin reaches 50 years old, more and more countries will definitely adopt Bitcoin. As technology becomes more sophisticated, payment systems will become more adaptable. However, there will be many ways or methods applied, it is possible that in the future there will be other breakthroughs, because what is being targeted is a super fast payment system. No one yet knows how sophisticated it will be in the next 10 years, but speculation so far is that CBDC is also continuing to try to be able to compete to upgrade because it can be controlled and developed.

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April 10, 2024, 07:40:14 PM
 #88

I wish that anyone living in any country with a government that can control whether bitcoin is legal or not would be able to break free and override that countries ruler or rulers.  The beautiful thing about bitcoin is that it can't  be shut down, no matter what.  There are always going to be decentralized exchanges as well as OTC (over the counter) sales, which eliminate the need for an exchange.   I know that many nation is many parts of war torn Africa could really benefit.

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April 10, 2024, 10:45:14 PM
 #89

In authoritarian African countries, legalizing Bitcoin may face challenges due to centralized control. However, discussions around its benefits for financial inclusion and economic growth could still emerge, influenced by factors like government attitudes towards digital currencies and financial systems.
It is bad for my fellow African members of this forum, they are trying to earn a livelihood from their earnings on this forum and working hard for the same, either freelancing on sites or doing different types of internet based work.

My suggestion is to continue your struggle and never lower your voice against such governments. Eventually they will forced to allow bitcoin usage and maybe not legalize it but allow it without asking questions.

At least its not like they are imposing 30% tax on crypto. Roll Eyes
There’s only two options in the end, either they will legalize it because majority of the other countries are already into it, or they will continue to neglect bitcoin and eventually left behind by other countries. Well, I don’t think they won’t be competitive at all. Of course, if the government leaders will focus on the citizens welfare, then they will prioritize bitcoin without any doubt, regardless if they are trying to impose an authoritarian type of government.

R


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April 28, 2024, 10:20:51 AM
 #90

There’s only two options in the end, either they will legalize it because majority of the other countries are already into it, or they will continue to neglect bitcoin and eventually left behind by other countries. Well, I don’t think they won’t be competitive at all. Of course, if the government leaders will focus on the citizens welfare, then they will prioritize bitcoin without any doubt, regardless if they are trying to impose an authoritarian type of government.
A optimistic side and a pessimistic side indeed. I guess that is what the country people are feeling at the moment. Keep on with your work by spreading the awareness and information about crypto in your locality, it needs to be well ingrained among the natives that crypto is nothing but a moneytary method, bad people have used it for bad things, but it is essentially a good thing for the world.

If the message goes through strongly enough, eventually the government will turn and legalize the use of bitcoin or put it in grey area like many other countries.

R


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April 28, 2024, 12:39:39 PM
 #91

There’s only two options in the end, either they will legalize it because majority of the other countries are already into it, or they will continue to neglect bitcoin and eventually left behind by other countries. Well, I don’t think they won’t be competitive at all. Of course, if the government leaders will focus on the citizens welfare, then they will prioritize bitcoin without any doubt, regardless if they are trying to impose an authoritarian type of government.
A optimistic side and a pessimistic side indeed. I guess that is what the country people are feeling at the moment. Keep on with your work by spreading the awareness and information about crypto in your locality, it needs to be well ingrained among the natives that crypto is nothing but a moneytary method, bad people have used it for bad things, but it is essentially a good thing for the world.

If the message goes through strongly enough, eventually the government will turn and legalize the use of bitcoin or put it in grey area like many other countries.

But we need to spread the word in the clearest way, I mean any method of making money will have wins and losses, and cryptocurrency is no exception. Don't just spread the word about the huge profits that cryptocurrencies bring and hide the risks that it brings to them just because we want cryptocurrencies to become popular.

In addition, leading cryptocurrencies such as bitcoin, in addition to being an investment asset, we can also use it to protect our assets. With its decentralized nature, it will help us improve privacy and can make us our own bank, we do not need to depend on third parties to preserve our assets.

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April 28, 2024, 09:53:37 PM
 #92

Bitcoin is not a future digital currency, it is a current digital currency which you can use right now.

Bitcoin is also legal in majority of African countries today, with some making it explicit and others just allowing their citizens to do what they want with it. This is the same on all the different continents, acceptance of Bitcoin is at a very high rate.


Invariably,bitcoin is supposed to be used before it becomes legal.Bitcoin is already in circulation;acceptance and usage of bitcoin is continuously increasing without any further altercation.
Bitcoin,so long as it continues to fulfill its purpose and meets the demands of its users,acceptance and adoption rate is on the high side.Bitcoin is already in its future,and whoever fails to normalize or adopt is literally not been serious.

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