Cryptocurrency exchanges and trading are practices where two people can oversee your transaction outside government oversight. In countries where the national currency tends to fluctuate constantly, causing the quality of life to plummet, cryptocurrency can help to avoid these economic disasters
How does Bitcoin Benefit the Economy?
Only when a nation makes it lawful to utilize Bitcoin for transactions will that nation reap the benefits of the digital currency. El Salvador made it legal to the point where they would buy Bitcoin every day when it was worth $16,000. has viewed it so that it can be advantageous to the nation. Similar to Dubai, which supports Bitcoin because it understands the risks involved, investors must fully commit to the cryptocurrency in order for it to be recognized as legal tender by any country.