How easy it's to use cryptocurrency in your country ?

[rby]

There are no direct transactions between cryptocurrencies and goods or services in our country, because it is prohibited. However, cryptocurrencies are still safe to invest and trade. This certainly makes us calm in doing activities in crypto, even though you can't use crypto for direct transactions, you can trade and invest. Because for this activity, there is no prohibition from the state.

In our country we also cannot use crypto to buy goods, because the government only allows us to invest in crypto, not for payment methods. However, in the next few years we may be able to buy goods with crypto.
This is just a prediction, because the more popular crypto will be used as a transaction in the future.

In my own country, cryptocurrency activities before the current administration was banned but the current administration after assuming office legalized crypto activities. However, they're yet to publicly notify citizens of the country that it's now legal to transact with crypto. Some private business owners though without the full support of the government do accept transactions in crypto and in as much as we're yet to witness a clampdown on any business establishment that accepted payment via crypto, it's a known fact that the government is yet to officially back that policy

[Roseline492]

In my own country, cryptocurrency activities before the current administration was banned but the current administration after assuming office legalized crypto activities. However, they're yet to publicly notify citizens of the country that it's now legal to transact with crypto. Some private business owners though without the full support of the government do accept transactions in crypto and in as much as we're yet to witness a clampdown on any business establishment that accepted payment via crypto, it's a known fact that the government is yet to officially back that policy

That's good for you and those other crypto enthusiasts because you can now confidently trade and transact with cryptocurrency but however if your country has un banned cryptocurrency there is no need waiting to see the other countries that would be allowed to transact with because is the exchange that those that, they are the ones who limits or has the right for any country restriction. Well I don't no how it is in your country because in my country you don't need to no the country you can transact with because is the exchange decision if you are using there services.

[LogitechMouse]

Re: How easy it's to use cryptocurrency in your country ?

Our government isn't doing anything when it comes to cryptocurrency. They aren't regulating it, but at the same time, they aren't banning us from using it. The only problem right now are those banks who are until now, still don't want us to transfer our money that came from crypto to our own bank account. While there are some banks who are embracing crypto by integrating it in their system, there are still some who are still sticking to the traditional one, and there's nothing wrong with it.

TBH, I'm not expecting our government to regulate crypto, but I'm not expecting that more and more people will accept crypto as a payment either. I wanted to, but I doubt that it will happen. If that happens, it would be slow though. I mean the adoption is slow.

[KryptoBull]

Our government isn't doing anything when it comes to cryptocurrency. They aren't regulating it, but at the same time, they aren't banning us from using it. The only problem right now are those banks who are until now, still don't want us to transfer our money that came from crypto to our own bank account. While there are some banks who are embracing crypto by integrating it in their system, there are still some who are still sticking to the traditional one, and there's nothing wrong with it.

TBH, I'm not expecting our government to regulate crypto, but I'm not expecting that more and more people will accept crypto as a payment either. I wanted to, but I doubt that it will happen. If that happens, it would be slow though. I mean the adoption is slow.

Mhm, I'm not a fan of my government sticking its nose into crypto. They've made a lot of promises but never showed up when our crypto community needed them. They even used national television to deny the value of crypto and attack crypto investors. I have absolutely no respect for them, they don't understand crypto and just want to flex their power.

The crypto market in Vietnam has been thriving since 2013 and doesn't need any support from the government. We don't want to share our profits with people who have always tried to destroy this market under the direction of the Chinese government. We don't want to apply crypto to payments, we just want crypto to be a financial asset class for investment.

[Vx1]

There are no direct transactions between cryptocurrencies and goods or services in our country, because it is prohibited. However, cryptocurrencies are still safe to invest and trade. This certainly makes us calm in doing activities in crypto, even though you can't use crypto for direct transactions, you can trade and invest. Because for this activity, there is no prohibition from the state.

In our country we also cannot use crypto to buy goods, because the government only allows us to invest in crypto, not for payment methods. However, in the next few years we may be able to buy goods with crypto.
This is just a prediction, because the more popular crypto will be used as a transaction in the future.

The high fluctuating price of Crypto is a major consideration when wanting to use crypto as a direct transaction tool, crypto is more suitable for use as an investment or for trading. But let's just see in the future, whether there will be a company providing goods and services that will accept cryptocurrency as a means of payment.

[Legion]

The high fluctuating price of Crypto is a major consideration when wanting to use crypto as a direct transaction tool, crypto is more suitable for use as an investment or for trading. But let's just see in the future, whether there will be a company providing goods and services that will accept cryptocurrency as a means of payment.

Because crypto prices are volatile in nature, a number of stakeholders have put their accessor to a stand still when it comes to it being used as a direct payment option. It follows that in a transaction, both parties are forced to care about one of the major risk factors given the unpredictability of the exchange rate of crypto. However, there is still an open interest in using the crypto as a means of payment, especially for the ones who know the digital ecosystem and appreciate the role that it can play, beyond simple asset hoarding. There is a growing openness by many fields for the adoption of crypto for payments, most conspicuous in the digital services and technology industries. In case there occurs a solution to stabilise the value of digital currencies, it will be possible for Crypto to be used for everyday transactions.

[bitterguy28]

There are no direct transactions between cryptocurrencies and goods or services in our country, because it is prohibited. However, cryptocurrencies are still safe to invest and trade. This certainly makes us calm in doing activities in crypto, even though you can't use crypto for direct transactions, you can trade and invest. Because for this activity, there is no prohibition from the state.

In our country we also cannot use crypto to buy goods, because the government only allows us to invest in crypto, not for payment methods. However, in the next few years we may be able to buy goods with crypto.
This is just a prediction, because the more popular crypto will be used as a transaction in the future.

The high fluctuating price of Crypto is a major consideration when wanting to use crypto as a direct transaction tool, crypto is more suitable for use as an investment or for trading. But let's just see in the future, whether there will be a company providing goods and services that will accept cryptocurrency as a means of payment.

we know that in other countries crypto as a payment method is already available so it will only be a matter of time before countries that don't offer crypto for payment actually start offering crypto because if they don't they will only be left behind and other countries and their businesses will flourish the more people use crypto for transactions

[SmartGold01]

The high fluctuating price of Crypto is a major consideration when wanting to use crypto as a direct transaction tool, crypto is more suitable for use as an investment or for trading. But let's just see in the future, whether there will be a company providing goods and services that will accept cryptocurrency as a means of payment.

There are already companies accepting bitcon and also there are countries that have already legalized Bitcoin in their country, they can also accept it because could be company that is directly operating from there as well.
So, the fluctuations of Bitcoin wouldn't for any day limits or restrict the usability of Bitcoin.