Post
Topic
Board Economics
Re: Boost of a countries economy
by
Natalim
on 15/09/2021, 14:07:31 UTC
With what you think currently, Crypto currency is one of the major things I think, that has contributed greatly to the growth of a country economy.
It will be totally improper for a country to channel all of its or their sources of income in one direction,the government kicking against crypto currencyus not right and fair from my own perception.
I do not agree with this post, crypto-currency is not a major source of. Contributions to a country economy, developed or under-developed countries, resources like agriculture, petroleum, tourism, human resources, nature has been contributing to nations economy, I believe in crypto-currency but I don't think it's has contributed to any  country majorly than the countries other economy,
Infact one source of contributions that the government's get from crypto-currency is taxation and this has become a rip-off to crypto-currency enthusiast especially long term holders, I think crypto-currency has contributed to individuals and countries with self less government.

Like in Africa majority of citizens are into
Cryptocurrency investment. And most of this citizens are self employed , they generate money from cryptocurrency . In this case this have contributed to the countries economy
Crypto is a tool that can boost individual's economy and when progress is already taking place to its individuals, then it will lead to boosting of country's economy. Cryptocurrency then can be a good source of income for people especially those who have lost their jobs in this crazy time.

However, not all people agreed to this because even the government considers crypto a threat to all people particularly with bitcoin which is always involved in different ponzi scheme.