at present, bitcoin is becoming known to people around the world, especially in developing countries. the majority of bitcoin is introduced through news on television and on the internet. Therefore people are starting to want to know what bitcoin is and if it appeals to them, they will invest instead?
Well the government should not be silent on bitcoin, they think bitcoin is disrupting economic stability and there will be inflation in the country.
Do you think that bitcoin will disrupt economic stability and there will be inflation due to bitcoin in a country?
I Think some and almost all of government is silent to Bitcoin because they themselves don't know or how do Bitcoin works. like they don't give much attention because they think this will just pass. i have searched that some countrie banned this because they dont know how to monitor or control it same as with the banks.
Most developing country not prepare on technology advances. Beside that, most government ban bitcoin because they dont have regulation about it and they dont understand much about cryptocurrency and government worry it will give impact on their economy and dont know how to use crypto in positive ways to improve their economy.