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Cryptocurrency Ecosystem => Bitcoin Forum => Bitcoin News & Updates => Topic started by: sirty143 on October 11, 2021, 05:41:53 AM

Title: 5 Countries Will Accept Bitcoin as Legal Tender by End of Next Year, Says Bitmex
Post by: sirty143 on October 11, 2021, 05:41:53 AM

(https://i.imgur.com/CdFeWxzm.jpg)

By the end of next year, at least five countries will have accepted bitcoin as legal tender, the CEO of cryptocurrency exchange Bitmex has predicted. He cited three key reasons why he arrived at this conclusion. “Developing countries will jump into crypto in 2022,” he said. See more for yourself here (https://news.bitcoin.com/5-countries-accept-bitcoin-legal-tender-end-of-next-year-bitmex-ceo/).

Your opinion is greatly appreciated.

Title: Re: 5 Countries Will Accept Bitcoin as Legal Tender by End of Next Year, Says Bitmex
Post by: lepbagong on October 11, 2021, 03:18:30 PM

Hopefully what is predicted, can happen and will be a lot of interest for the country to do that, just like what el savador is doing today. but the courage that is done by el savador needs to be appreciated, because we ourselves know that in many developed countries, it is still difficult to apply bitcoin as a legal tender.

there are many problems that must be prepared to be able to accept bitcoin as a legal tender, because the nature of bitcoin is what makes many countries very careful to apply. money laundering from the proceeds of corruption, the sale of prohibited goods is very vulnerable to using bitcoin facilities.
so that it is necessary to have a very reliable regulation, so that the adopting country does not become depressed and minimize unwanted events.

Indeed, technological advances, like it or not, must be accepted as
something that had to happen, because it was time to use it. otherwise it will be left with a situation that requires it to be done. Moreover, we know that from bitcoin transactions alone, El Salvador has been able to save every citizen's expenses in sending money manually so far quite fantastically. maybe there will be other conveniences that can be done and with continued progress, the update will occur automatically.

like it or not, all countries must prepare themselves for this, at least even if they do not recognize it as a legal tender.
then they do not prohibit bitcoin transactions because it is a necessity that must be done. they also need to prepare themselves for something like el savador to happen in time.