Quote from: Gases on September 16, 2021, 08:50:02 AM

Zimbabwe minister urges citizens to embrace Bitcoin.https://www.investing.com/news/cryptocurrency-news/zimbabwe-minister-urges-citizens-to-embrace-bitcoin-2614946.

Quote from: coin-investor on September 24, 2021, 11:30:25 PM

It's really good if you have a prime minister or top officials who understand Cryptocurrency, blockchain and decentralization because this is the future, and they have a good edge over countries that do not adopt, they do not understand the good things brought by Cryptocurrency, one of which is cutting the cost of remittances, they spend up to $90 million in remittance fees, it's a huge saving if they are going to use Cryptocurrency instead.

In fact, I believe that many leaders in developed and developing countries already know what crypto is, it is not even impossible that they may also have investments in it. because crypto is clearly already widely known and very profitable.

but those who want to take action and admit it, of course, need courage from the leadership of the head of state first. then all the elements that have been helping in the government to participate. It is certain that the government makes the rules so that it can be enforced by the government. We should appreciate what the state leadership has done, because it can ensure that all elements are willing to support it.

it would be amazing if there really is a savings from what has been done conventionally, $90M is certainly not a small value and certainly can be allocated to other needs. especially during a pandemic like this, it is clear that the government needs additional funds and some of it can already be added from bitcoin transactions.

but it is clear that apart from these transactions, it is certain that many things can be saved and facilitated by the government, especially by the people, by being able to accept bitcoin as a legal and recognized means of payment.

Quote from: freedomgo on September 27, 2021, 12:33:29 PM

A huge number to save, they can use it to on projects to improve their country, so legalizing bitcoin could really help. It's not really a risk to regulate bitcoin as long as they have a set of laws that would make sure that the exchanges are regulated and monitored to comply with the standard monetary policies, especially on the anti-money laundering law.

I agree, it's a pretty big value for a developing country to save, but with the government having recognized bitcoin as a legal tender, it's certain that there will be positive and negative impacts. so there is a need for regulations / rules that can prevent the use of bitcoin from being misused. because we know bitcoin has nothing to control and run, bitcoin moves naturally from every transaction.

With government regulations, it will be able to narrow down people who will commit acts that are not commendable with the right rules and in accordance with what the government wants. there are always those who will do the negative but surely they will be able to do the best.