Quote from: El_Tammy on September 08, 2025, 09:28:56 PM

What contributions has the introduction of cryptocurrency made to the world economy. Many countries mostly in the African region has banned activities involving cryptocurrency while some have legalized it's use.

What effects has Bitcoin or other digital coins caused that have made these international bodies to take the various decisions they have made. Is it that it has posed a great threat to the economic system of some other countries and in the same time help lifted the operations of the others?

Countries that saw potential in the emerging Blockchain Industry will surely look at it as an opportunity. These countries will implement friendly regulations, even encouraging investors to invest in the country's Blockchain Integration development. Those who are afraid of transparency will more likely hate it because it can reveal their corruption and how they embezzle public funds. Definitely, this corrupt official will see Bitcoin as bothersome, so they will set an unfriendly atmosphere for Bitcoin.

Quote from: El_Tammy on September 08, 2025, 09:28:56 PM

What do you think is the major issue or reason here?

The major issue is the level of knowledge these officials have. Those who have a shallow knowledge about Bitcoin and narrow sighed will not see the opportunities Bitcoin gives. Those who have been embezzling the public funds for so long will definitely avoid a transparent system, and I think the most crucial is that the government wants to control everything, and Bitcoin being decentralized, is one of the major reason why some government have trouble accepting it.