Re: Malaysian Ministry proposes cryptocurrencies as legal tender?
to be honest i like the news like this but so much politican people just make voice want to crypto as legal tender and after that just become old news. i want act 
or atleast before make crypto as legal tender country need as slowly accept crypto at first place as asset instead of banning the crypto they can make money from make tax from crypto. and from this we can see adoption crypto everywhere
or atleast before make crypto as legal tender country need as slowly accept crypto at first place as asset instead of banning the crypto they can make money from make tax from crypto. and from this we can see adoption crypto everywhereIf they are able to make taxes out of crypto money really big profits are theirs right.
But if they turn them into crypto money instead of their money, I don't think it will be possible.
Let's imagine if the value of crypto money dropped like it is today.
How do they pay when the price of the cryptocurrency decreases.
Of course they will be complicated.
Yes this could be another huge source of profit for their country so making it legal is one of the good decision they could ever do because imagine how big the cryptocurrency in terms of marketcap and for sure the benefits they can get out from it is huge to so maybe they should consider that and file a law about adopting it as well the proper education about its usage,scams and other more so that they can launch this to their country more smoothly.