The government in most countries have decided to ban Bitcoin and cryptocurrency as a whole. I begin to wonder why the government for these countries have taken such an initiative. Any idea on the benefits bitcoin offers to the economy? Help me convince my government to accept Bitcoin.
Bitcoin cannot be affected by economic crisis as it is a community based decentralized asset so I think local currency can be backed up with cryptocurrency most especially Bitcoin. Bitcoin is fast, convenient and secure that is how it can help economies to mentain positive outcome to almost any countries that are going to adopt Bitcoin. Here in my country Bitcoin community is increasing every single day and I know it has good result to our economy as businesses, merchants and enthusiasts are contributing tax due to the regulation of local exchanges by central bank.