Post
Topic
Board Economics
Re: Crypto is becoming legal in my country! Any business idea?
by
oHnK
on 21/09/2020, 17:10:58 UTC
Hello all,
Cryptocurrency is becoming legal in my country, Albania. The government will make some laws to regulate the crypto in my country in September (god knows what).
Is anyone here that can give me any businesses idea? Or our gold time will be over after that?

Thanks!!
After a few years of making money in this crypto market, I also realized that the two most stable crypto businesses are opening an intermediary exchange or mining coin. When your country is legalized, the taxation will not be too high and mining will also provide a very stable source of income for you.
It is also a good idea to open an intermediary exchange as you can make a lot of money based on the volume of transactions per day in your country. Please depend on the situation as well as the price to make the most suitable choice.

Mining is definatepy not a stable business.  Between price fluctuations in crypto as well as hardware always changing.  If crypto is becoming legal why not start a traditional business and just accept crypto as a form of payment.  That would hedge yourself.

If it is only used as a form of payment, there is no big benefit from the government legalizing crypto, before it was legalized crypto could also be a form of payment right?  seems like another idea for this legalization, you can start trading, mining or other things that can make a profit from the crypto.  The point is don't just focus on one way of investing.