Lack of Understanding about Crypto in different Countries || Issues...
What happens, when you do not try to understand!!!
One of the most disappointing fact about technology is, the way it gets adopted in among people. Some people embraces it at the right time, while some stays behind just to figure out what exactly is happening! But lucky are those, who gets to adopt to the opportunity and make the right use of it.
Anology of Crypto in different countries!!
While I was scouring through a report about crypto, I came to cross path with an interview of a politician from a certain country. As far as I remember, his exact words were, "BTC is used in wrong ways, so it is banned!". I was like, "_____________". Yep, speechless. Upon going through his background, I discovered, that person does not even understand how to operate a smartphone, how will that person understand about crypto. I also discovered his FB id and figured out, how addictive he is on fb lol. The person who is still on 1990's era, how will he store or understand crypto or any updated information. If only he would have tried to see the true potential of it.
Is BTC the only crypto?
According to some countries statement, it does seems that way! If only, we were in a free society, where people would have spoken what they had in mind. The situation would have been a lot different.
Regulations!
Honestly, everything has a limit. The more freedom is given, the more crimes are to happen in those places. I might sound little weird but this is what I think! But in certain conditions it is not really worth it. Few reasons that I really want to state out.
Crypto Facts :
It is a fact that crypto can be used in several wrong ways. Extortions, ransom, money laundering and what not! But come on dudes, when crypto was not here, were you able to stop those crimes. As a matter of fact, if you crypto can literally change lives. As far as I am aware of its good sides, there are plenty of example of how a blogging website like HIVE.BLOG is making a difference in plenty of people's lives, just imagine how much the whole network can make a difference in countries which adopts to it.
Money transfer (within seconds), security of assets, no third party involved, you can actually see what is happening within the chain etc etc. Literally monitor every steps of your actions.
The major issue which is to be faced by people, is the way to cash out/in crypto. Which is, lets say I need FIAT money and I want to convert some crypto assets of mine to my local currency. The issue which I have to face (in those countries where crypto in banned) I have to cash it via third party. Which will require to share some of my assets with that third person. So I am not getting the exact amount, which I deserve. Sometimes this sharing's crosses unbelievable numbers. And the issue of security is also present. But all of these would have vanished, if only the gov would have legalize crypto. They can put a tax onto transactions or even track certain things. And since no illegal business are not being committed, it can give government an handsome amount of revenue to the as we speak.
Although, do you really think they can track and regulate crypto, LOL!
One of the main fact, which I am trying to imply is, Blockchain can make changes like .com invention made. The earlier a country adopts to it, the faster that countries growth will be. We will see that after 10-15 years later. Till then, stack BTC, HIVE, ETH and any other crypto which you think might make you millionaire in the future ;)
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Best regards
Rehan
Posted Using LeoFinance Beta
It is the lack of understanding about the cryptocurrencies that have made the governments of some countries to ban cryptos in their country
I ain't sure. Need to ask GOV more clearly about the real issue!
Wrong. The government decides what you can do, so they can front run you.
Some government are even scared of cryptocurrency taking over that's why they are trying to stop it
That is so bad,truly ignorance is a disease
Ignorance is a very big disease. Knowledge is the only cure.
But sadly they are not actually willing to get the required knowledge which they ought to have.
I wish I can be millionaires by next year 😂🙏🏼… thank you for supporting my post ,very appreciate 🙏🏼😊
It is true. In my country for example there is a certain adoption of cryptocurrencies in certain businesses, more as a mechanism to avoid excessive taxes and all the crisis that comes and goes, but the government looks at this with bad eyes and even imprisons many of those who are in this business, there have even been miners arrested.
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