Post
Topic
Board Economics
Re: Singapore, the banking industry, and Bitcoin
by
el kaka22
on 15/07/2021, 06:07:09 UTC
It is not about El Salvador being a hub, it is not a hub, it is about how countries started to see bitcoin as a legal tender and that is the reason why people are seeing it as something good and as long as people keep seeing it as something good then we should not diminish the importance of it neither.

I personally believe that we should not be comparing it to any other nation, look at USA they are very supportive of crypto as well and they are not making it illegal, however they are not making it a legal tender neither, so we can't compare those two things together. Same could be said about crypto in Singapore, as far as I know they didn't make it a legal tender and that is what matters to me, if it is not legal tender then it is not something similar to what is going on with El Salvador, it is not about being a hub, it is about being a legal tender in that specific nation.