Post
Topic
Board Bitcoin Discussion
Re: Uganda says cryptocurrency is risky
by
Sihab76
on 12/07/2019, 03:16:26 UTC
Central bank of Uganda refuses to implement crypto because "it's risky"
source: https://cointelegraph.com/news/central-bank-of-uganda-warns-decentralized-cryptocurrencies-are-risky

Ok let's look at some facts! I am seeing a trend that countries with transparent administration are actually adopting cryptos to be mixed with the mainstream economy and countries with great number of corruption are pushing it back. For reference, I have used "Corruption Perceptions Index" from 2018.

Countries that adopted bitcoin:
1. Japan - Ranked 18th
2. Germany - Ranked 11th
3. United States - Ranked 22nd

Countries that pushing back bitcoin:
1. Uganda - Ranked 149th
2. India - Ranked 78th
3. Bangladesh - Co hold the rank 149
4. Pakistan - Ranked 117th

Cryptos are not risky. The greater risk comes from the corrupted and age old politicians who doesn't have the power to understand the gravity and utility of crypto currencies.
Yes brother you are absolutely right because I am Bangladeshi..my countries government and their political leaders don't show positive interest and impact on bitcoin..hence we backdated from bitcoin development.