Post
Topic
Board Legal
Re: Central African Republic drops Bitcoin as Legal Tender
by
yhiaali3
on 18/04/2023, 18:47:51 UTC
Adopting Bitcoin is not as easy as some might think. It needs an appropriate economic, legal and infrastructure environment. There are many things that any country needs to succeed in adopting Bitcoin. It is not just a decision that is issued and it is over.

If only 10% of the population has access to the Internet, how can this adoption work? Bitcoin is a virtual currency that works only on the Internet, and without the presence of the Internet and the appropriate infrastructure, this cannot work.

The main problem is that some countries (especially the poor ones) think that adopting Bitcoin is a solution to their economic problems, and this is not true.