another country moving towards crypto

[enwi]

Seeing more and more countries getting their hands into crypto nowadays especially those who affected by sanctions and stuff is not surprising to me because they don't want to get stuck in the middle of nowhere while thinking of potential solutions to the issue. It indeed helps push the price of Bitcoin higher because we are talking about millions or even billions of investment expected from these countries.

Maybe in the future there will be many countries that will accept bitcoin, even though they are under sanctions but decentralization will make them have financial freedom, maybe this is the reason why Iran chose to accept bitcoin. Bitcoin is a safe investment and its price will be more expensive in the future so those who invest in bitcoin are likely to get bigger profits in the future.

Since the acceptance of the currency remains on the rise, there are high chances of the currency to be accepted in the world economy system. This is desirable as it provides easy access or decentralisation which form the basis of many people’s attraction, including countries that need to secure their economy. Speaking of investments, we see great perspective here, and this is hope for all those who believe in the further evolution of the crypto industry. However, maintaining an increase in response to the development of technology and to take advantage of the opportunities that exist we will see even further benefits in the future.

[UNIVERSE]

Maybe in the future there will be many countries that will accept bitcoin, even though they are under sanctions but decentralization will make them have financial freedom, maybe this is the reason why Iran chose to accept bitcoin. Bitcoin is a safe investment and its price will be more expensive in the future so those who invest in bitcoin are likely to get bigger profits in the future.

There should be more countries to legalize Bitcoin in the future. If US government declares to use Bitcoin as a legal tender, I assume there will be many countries to follow it. As far as I know, we already have 2 countries that legalize Bitcoin as a legal tender. This must trigger other countries to do the same way, especially after they know those 2 countries take big advantages from the decision. El Salvador probably becomes one of the rich countries because they also invest in Bitcoin with quite large amount of money.

[taufik123]

There should be more countries to legalize Bitcoin in the future. If US government declares to use Bitcoin as a legal tender, I assume there will be many countries to follow it. As far as I know, we already have 2 countries that legalize Bitcoin as a legal tender. This must trigger other countries to do the same way, especially after they know those 2 countries take big advantages from the decision. El Salvador probably becomes one of the rich countries because they also invest in Bitcoin with quite large amount of money.

El Salvador is an example for all, El Salvador is the smallest country in Central America that has been able to change their image by legalizing bitcoin and becoming a rich country with Bitcoin that they bought from 2021 until now.
It was a risky decision but President el Salvador proved that they could be the first country to be able to adopt bitcoin.

If America follows in El Salvador's footsteps, it could be possible that Bitcoin will become more bullish and America will become the second country as a legitimate adopter of bitcoin.
But is that possibly possible? This of course depends on Trump's policy later and Trump has also started to be pro to Bitcoin.

[Z-tight]

If US government declares to use Bitcoin as a legal tender, I assume there will be many countries to follow it.

I don't want to sound like a pessimist, but i don't think there is any chance of the U.S. making BTC a legal tender, it is even going to be difficult for any first world country to do that. The U.S. cannot legalize a decentralized currency, when theirs is the world's reserve currency.

As far as I know, we already have 2 countries that legalize Bitcoin as a legal tender.

Just one, El Salvador, CAR did made BTC a legal tender, but they revoked that decision a long time ago.

[sampoerna]

If US government declares to use Bitcoin as a legal tender, I assume there will be many countries to follow it.

I don't want to sound like a pessimist, but i don't think there is any chance of the U.S. making BTC a legal tender, it is even going to be difficult for any first world country to do that. The U.S. cannot legalize a decentralized currency, when theirs is the world's reserve currency.

I think so too. Like many other countries, indeed, Bitcoin is legal in many countries, but not as legal tender, a legitimate currency in those countries. They must have considered various considerations why to ban it as legal tender. There are many interests behind it all, especially the USA, with its USD, which always wants to dominate globally.

[erus]

Iran is shifting its stance on digital currencies, focusing on regulation rather than imposing restrictions, according to Minister Abdolnaser Hemmati. Speaking at a Tehran event, Hemmati highlighted the government’s plan to mitigate the economic risks of digital currencies while leveraging their potential benefits. He emphasized the Central Bank of Iran’s authority in managing digital assets and underscored their potential to foster youth employment, boost economic assets, and counteract sanctions. The initiative reflects Iran’s aim to align with global financial trends and capitalize on the advantages of cryptocurrency innovation.

It turns out I just found out that Iran is also now supporting crypto because, maybe the hype of Bitcoin also reached 100,000 dollars. As far as I know, Iran is also a country that often clashes with America regarding the cold war and maybe this is also related to regulations in crypto. This is just my guess and I hope my guess is wrong because I hate war the most.

yet another country moving towards regulation of crypto instead of preventing any kind of use of it this is additional good news following bitcoin reaching $100k and i am sure many countries are now interested in crypto and would be reevaluating their stance they also most likely would not want to be left behind with usa looking really strong and determined to be a crypto friendly country

It is also clear here that America is very supportive of crypto, even Elon Musk and Donald Trump also often voice the name crypto on their social network X. Not to mention countries that adopt Bitcoin for legal payments such as El Salvador have already taken steps to open up space in crypto.

[target]

^  El Salvador president also meet up with Melei the Argentinian president who is also known BTC holder. I think Argentina will sure be buying BTC as well when US start their BTC Reserves.

I heard in the news about them becoming close ally. It will trigger countries to start piling up their holdings when power houses like China and Russia also begin buying for their BTC reserves. All it needs is their regulations to be fixed.

[Mr. Magkaisa]

         -      It is indeed really a good news to all of us here in the crypto space I guess. Sometimes I think about how if all countries did this, then probably all people would for sure not have any problems in terms of their financial problems, right?

That's why the majority of countries at this time are still closing their eyes to the opportunity that this can help them in reality. I really hope our country doesn't get caught up in these kinds of opportunities in the end.

[MUGNIA]

I don't know, but maybe other countries are considering the US president too, and Trump's term is only 4 years, while changing a country's regulations based only on the US election I don't think is a good move... because it's possible that the new president who will replace Trump will have different thoughts, and start changing the cryptocurrency digital currency regulations in the US... we don't know that because the future is really beyond our control.

If Iran really starts to see the potential of cryptocurrency, then that's good... at least cryptocurrency is no longer seen as a currency for criminals, because there is actually a positive potential from the existence of cryptocurrency that is not highlighted by the media that hates cryptocurrency.

Well, "term of office", this is what triggers doubts about adopting crypto in a country, if indeed the government of one president can be continued to the next president then there will be no problem in adopting it, because this decision can be for the long term and always continues without any doubt in the next change of president,

[Faisal2202]

yet another country moving towards regulation of crypto instead of preventing any kind of use of it this is additional good news following bitcoin reaching $100k and i am sure many countries are now interested in crypto and would be reevaluating their stance they also most likely would not want to be left behind with usa looking really strong and determined to be a crypto friendly country

So it was true adoption from USA would work like a domino affect where after one another will take action. So now everyone wants to adopt BTC because the USA has adopted it. This is wrong thinking from these countries but still good for their economy as in USA people are trading and investing in crypto from the start and in Iran people are also doing the same.

But these official words from the minister will make more impact and the citizens will be more active then before. Last time I remember other European countries were against this because they think more of the funding is happening via BTC so they said it should be banned in middle Eastern countries while it is wrong to say. Well, it's a good step from the Iran and if they stick to it then things will be more happy for the citizens there.

PS: Did you accidently hyperlinked the whole text!

[Hisbullah]

         -      It is indeed really a good news to all of us here in the crypto space I guess. Sometimes I think about how if all countries did this, then probably all people would for sure not have any problems in terms of their financial problems, right?

That's why the majority of countries at this time are still closing their eyes to the opportunity that this can help them in reality. I really hope our country doesn't get caught up in these kinds of opportunities in the end.

investing in crypto is an opportunity that every citizen should take to earn income from crypto. And I think the government should consider this, because it can help its citizens' income.
Although there may be concerns from the government if crypto is used for illegal activities, there are many advantages and benefits offered by crypto technology.

[Cryptsafe]

         -      It is indeed really a good news to all of us here in the crypto space I guess. Sometimes I think about how if all countries did this, then probably all people would for sure not have any problems in terms of their financial problems, right?

That's why the majority of countries at this time are still closing their eyes to the opportunity that this can help them in reality. I really hope our country doesn't get caught up in these kinds of opportunities in the end.

investing in crypto is an opportunity that every citizen should take to earn income from crypto. And I think the government should consider this, because it can help its citizens' income.
Although there may be concerns from the government if crypto is used for illegal activities, there are many advantages and benefits offered by crypto technology.

It is normal that there must always be some unscrupulous elements in the system that would want to cause havoc making the system looks more disadvantaged to the community than meets the eyes causing the government to regulate it.

If the government gives consent to Crypto, it would not only help the economy, there are other benefits and advantages attached to Crypto and blockchain as a whole which would be of more benefit to the government itself. Already El Salvador is beginning to benefit their investment in Bitcoin as their Bitcoin holdings is running into billions of dollars.

[joniboini]

         -      It is indeed really a good news to all of us here in the crypto space I guess. Sometimes I think about how if all countries did this, then probably all people would for sure not have any problems in terms of their financial problems, right?

Are you suggesting that allowing people to access crypto will help their financial condition? I think that's true to some extent but it's not a magic potion that will fix major economic problems. Inflation, lack of education, etc are huge barriers that won't get solved just because people have access to BTC. It can even backfire if people decide to gamble and engage in high-risk activity without sufficient capital. I know at least two cases in my country where people take a high-interest loan to buy BTC while the chart suggests that the price will drop. They get rekt heavily and one of them went as far as taking their own live.

[nakmantu99]

         -      It is indeed really a good news to all of us here in the crypto space I guess. Sometimes I think about how if all countries did this, then probably all people would for sure not have any problems in terms of their financial problems, right?

That's why the majority of countries at this time are still closing their eyes to the opportunity that this can help them in reality. I really hope our country doesn't get caught up in these kinds of opportunities in the end.

investing in crypto is an opportunity that every citizen should take to earn income from crypto. And I think the government should consider this, because it can help its citizens' income.
Although there may be concerns from the government if crypto is used for illegal activities, there are many advantages and benefits offered by crypto technology.

It is normal that there must always be some unscrupulous elements in the system that would want to cause havoc making the system looks more disadvantaged to the community than meets the eyes causing the government to regulate it.

If the government gives consent to Crypto, it would not only help the economy, there are other benefits and advantages attached to Crypto and blockchain as a whole which would be of more benefit to the government itself. Already El Salvador is beginning to benefit their investment in Bitcoin as their Bitcoin holdings is running into billions of dollars.

I have faith that in the future crypto will be accepted in almost all countries, because there are many benefits to be gained from crypto. The government should think about its citizens, because by investing in crypto, it can earn additional income for its citizens.

[Z-tight]

I think so too. Like many other countries, indeed, Bitcoin is legal in many countries, but not as legal tender, a legitimate currency in those countries. They must have considered various considerations why to ban it as legal tender. There are many interests behind it all, especially the USA, with its USD, which always wants to dominate globally.

Yeah, there will even be more interest in BTC next year and in the future, i expect more countries that have been hostile to it, to change their views about it. However, as regards being a legal tender, that is a different thing and it would be difficult for a country to do that, and at least not a first world country.