Quote from: Emitdama on January 16, 2022, 03:42:51 PM

I wouldn’t really say that it makes any huge impact in the economy such as making it better than it is, neither will I say that it would have any negative impact on the economy. Maybe when it comes to development, I think cryptocurrency can play a role in development. It all depends on the area that it is being applied. Maybe if we can apply cryptocurrency in the right areas, it would help in developments that would then make good impact in our economies and help it to grow.

But, it is not like cryptocurrency is like the all time solution that we are going to need to make an economy better, because there are already countries that have adopted cryptocurrency, but it didn’t make their country get any better than it was.

I would probably be more inclined that cryptocurrencies can be important for a country if it is actually utilized. if we look at the current state, very many people are making millions of dollars from cryptocurrencies, and if the government supports and regulates it, it is very likely that it will be profitable for a country. taxes, unemployment reduction, technology development, and much more, it will get a country that really takes advantage of cryptocurrencies. however, there are still many things that are against the government regarding crypto that are difficult to accept, and the government sees that they have quite a lot to lose. there may be many reasons for that. but, personally, I think that cryptocurrency can be very useful for the country and its people