Bitcoin for National Development | Bitcointalksearch.org

Pentafa

newbie

Activity: 12

Merit: 9

Quote from: rat03gopoh on December 14, 2022, 09:25:03 AM

With pessimistic feelings I'm not so sure you'll find someone who meets your qualifications in this forum.

Noted

Quote from: rat03gopoh on December 14, 2022, 09:25:03 AM

As for businesses involving the government, I think it should start with building connections with relevant government people first, this will make the process of legality and legitimacy smoother. It also avoids wasted effort when you've gotten a few steps with someone experienced in this field but ultimately doesn't get support from the government.

The Finance Minister and Governor of the Central Bank are aware of the proposal. Financial markets specialists at the central bank are currently vetting the proposal.

Quote from: rat03gopoh on December 14, 2022, 09:25:03 AM

Afaik, bitcoin is legal in central Africa

Malawi

rat03gopoh

hero member

Activity: 2002

Merit: 633

Your keys, your responsibility

Quote from: ?? on ??

Institutions/individuals that understand the international financial intricacies of introducing a Bitcoin exchange in a central african country in order to setup a market for Bitcoin in the local currency and have a strategy for investing the local currency into a local industry that manufactures an exportable product whose proceeds can be realized in another country that has the foreign currency required to repatriate the profits back to the institutional/individual investors' home base.

Sounds like a really big plan.
With pessimistic feelings I'm not so sure you'll find someone who meets your qualifications in this forum.
As for businesses involving the government, I think it should start with building connections with relevant government people first, this will make the process of legality and legitimacy smoother. It also avoids wasted effort when you've gotten a few steps with someone experienced in this field but ultimately doesn't get support from the government.

Quote from: ?? on ??

The country is in fact central africa in which cryptocurrency is still unregulated. Its very conducive for crypto investors.

Afaik, bitcoin is legal in central Africa^[1].

1. https://www.cnbc.com/2022/04/28/central-african-republic-adopts-bitcoin-as-legal-tender.html

rat03gopoh

hero member

Activity: 2002

Merit: 633

Your keys, your responsibility

Quote from: Pentafa on December 13, 2022, 05:15:18 AM

I'm in need of assistance from a presumably financially qualified Bitcoin enthusiast(s) with whom I can collaborate with for a project in Africa with the government of the country.

What are the financial qualifications, for example? did you mean to become an exchange liquidity provider?

I read your plans in other topics, it seems you have to face various regulatory hurdles just to set up such an entity (except central africa).
Basic question, what makes you optimistic that this project will be approved? (eg, from the perspective of your country's regulations). I see that in the long term it is somewhat threatening to the value of your fiat.

Pentafa

newbie

Activity: 12

Merit: 9

I'm in need of assistance from a presumably financially qualified Bitcoin enthusiast(s) with whom I can collaborate with for a project in Africa with the government of the country.

This African country is in dire need of foreign currency and I have approached the government with a proposal involving the use of Bitcoin for making international payments to procure imported goods/services for the country.

Essentially I need a team of individuals who can assist to setup a bitcoin exchange in the country that accepts the local currency similar to the Afrocentric crypto exchange Yellow Card Ltd and identify a financial strategy for converting the local currency into financial instruments which they can use to repatriate their funds and profits.

Any response and ideas on how best to implement such a project would be greatly appreciated.

Topic: Bitcoin for National Development (Read 104 times)