Post
Topic
Board Altcoin Discussion
Re: Your Country and Cryptos
by
ArabianStars
on 30/03/2018, 01:02:36 UTC
Your country is amazing! Unlike the circumstances in my country, bitcoin has not been legalized by the government as a means of financial transactions. Many speculations are circulating outside. Some say our country's government has not legalized the bitcoin for its fluctuating value, which means that the government is afraid that its people will be losing money if they invest in bitcoins. Many other stories are confusing.
But there is good news on the other hand that the national banks in our country will launch the official government cryptocurrency. That means bitcoin is slowly being recognized in our country.

On top of OP, yours is also promising I would say. It is always good to know many other countries have now started to consider recognizing bitcoin and alts as potential platform of engagement. In our country on the other hand, many banks are open to transactions with bitcoin generally and not much with alts, the central bank for example supports an app that exchange money for bitcoin and vice versa.
Within the app many remittance centers can be an alternative to transactions on top of banks.
it's a great venue actually.

I believe we are from the same country-the app might be coins.ph. There was a national conference held in January 2018 (just very recently) about cryptocurrency - how it works, and how it will benefits us. That was a testament that our government not only recognize bitcoin but cryptocurrency in general.
I believe great things are coming for crypto asset holders in our country with regulations coming up and legalizing bitcoin and/or crypto in general.