Quote from: Bushdark on Today at 08:57:52 PM

Quote from: DainSLane on Today at 03:51:19 PM

Quote from: jenny56 on Today at 03:23:43 PM

Cryptocurrency adoption varies in size, from retail investors to merchants and financial service businesses.
Vietnam has the highest level of cryptocurrency adoption, with China and Nigeria engaging in cryptocurrency-based trade due to foreign exchange policies.
In Venezuela and Brazil, legacy financial systems' costs and bureaucracy drive people to experiment with and switch between different cryptocurrencies.

the use of cryptocurrencies for trade between China and Nigeria highlights the significance of foreign exchange policies in driving cryptocurrency adoption. In countries like Venezuela and Brazil, where the costs and bureaucracy of legacy financial systems are significant, cryptocurrencies offer a viable alternative for people to experiment with and switch between.

Cryptocurrency is growing everyday and the countries that had finally adopted Bitcoin would tend to benefit more from the market in both tax payment for users and other commissions. If the world can agree to employ Bitcoin adoption for the use of her citizens then things would become more with time. There are plenty of Bitcoin investors around the world and because of the restrictions of the use of cryptocurrencies in some area, it had affected so many businesses that ahd been accepting Bitcoin and other cryptocurrencies as a medium of Payment.

i can understand some governments to have hesitations when it comes to bitcoin acceptance. most of them need to fully grasp what this new currency is all about, so they know how to apply tax protocols and other regulations towards it.