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?
You must understand that bitcoin has the potential of making someone financially independent by controlling your financial activity, this is what most government of different countries don't like, because hence they can easily control the finances of their citizens, every other thing in economy can be controlled, but bitcoin doesn't give them that privilege, that's why you see those bans and sanctions.
But this sanctions have been reduced nowadays, some countries that
w previously had those kinds of sanction have now reduced, is only but few that are still within that circle which I think with time, it will gradually go out.