Post
Topic
Board Bitcoin Discussion
Re: What is the legal status of Bitcoin in your country?
by
tanjiran
on 15/08/2021, 21:32:41 UTC
Personally, Bitcoin is still and legal to trade, and that is an advantage for us. There may not be any plans as a substitute for fiat currency, but as long as it's legal and we're not banned from trading crypto then I think that's pretty good. Even a few months ago the government in our country made crypto inspired by Bitcoin, because this is a good sign, because then we are where the country is participating in supporting the growth of crypto.
I am also very grateful in my country that crypto trading is still allowed. there are many local exchanges that are officially recognized by one of the financial audit institutions in my country. This is a great opportunity, although the use of crypto for payments is prohibited. it is not a problem, the government still guarantees easy access and security of transactions with paper money.

from here I know that crypto is not completely bad, it is still effective to be used as a trading and investment commodity even with high risk. as long as we know what we are doing and understand the risks then it is not a big problem.