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?
What do you think is the major issue or reason here?
Bitcoin and cryptocurrencies has played a crucial role in helping the economy of most countries even as they are not admitting to the fact that crypto is helping them enough for them to adopt it. but i believe if most African nations beginning to adopt crypto as they should, they are mostly going to have a boost in their economy and they will also give room for further investors who wants to be part of the African Economy.
one thing i believe that is causing a lot of them to not want to adopt cryptocurrency and Bitcoin generally is ,mostly because of they feel they since they do not have the opportunity to gain good control over it, they are mostly going to not have a good direct benefit from it and it may threaten their economy for them, the quest for control i believe is a major reason they have not been able to accept the adoption of Bitcoin.