Political Economy of Crypto currency

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Quote from: Agbe on March 24, 2022, 05:04:51 PM

The Nations or States that understand the above concept very well, adopt crypto currency to boost and sustain the fiat currency and also uses it to execute developmental projects in their countries.

Most countries make policies to control Crypto currency
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Such Countries are: British...
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United States of America (U.S.A)

It's not actually that nations that want to control Bitcoin, such as the USA and UK don't understand it. At first they didn't understand it and some even until recently. It's just that they have realized that it is something that is ultimately beyond their control, so they have taken whatever steps they can to have some control, because they can't have absolute control, which is what they would like.

The country that has legalized it as currency, El Salvador, and those that are said lately that could legalize it, such as Honduras and Malaysia, are poorer countries that can obtain more advantages in exchange for considering Bitcoin as legal currency.

In the case of El Salvador:

" El Salvador president Nayib Bukele says the country will save $400 million a year in remittance fees by adopting bitcoin."

If Bukele says this, we may think that he is exaggerating and maybe 300 or 200 million will be saved, but it is an advantage for them. They will also profit from foreign investment, and the countries that follow them will surely profit as well.

State adoption of Bitcoin has started in poor countries, and for richer countries to capitulate, there is still a long way to go, but I believe they will eventually do so,

Freeesta

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There are many features in this area. Not many countries want to deal with them. Probably one of the most important is the outflow of funds into cryptocurrencies from stocks and bonds can lead to a fall in the country's stock market. In the cryptocurrency market, it is easier to lose money through hacks or scams. At the same time, the country does not have many options to protect people from this.

Doan9269

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Quote from: Agbe on March 24, 2022, 05:04:51 PM

Most countries make policies to control Crypto currency

All their policies are limited to paying tax and nothing more. they lack every jurisdiction to control crypto (bitcoin).

Quote from: Agbe on March 24, 2022, 05:04:51 PM

But the developing nations or countries that adapt the developed countries system of government could not take the good parts of the political culture of the developed Countries.

Is it that, the international law forbid the development of the developing nations? Or is it the wickedness of the leaders not to develop their Countries?

From the name implies "a developing country" we cannot compare a country that just got independence not more than 60 years to the one that has been created over 400 years ago, common!.. the margin is much, experience is the perfect teacher, how do you expect a seedling to exhibit the same role of an old tree bearing fruits, it take process, that is why there is EU, British Council, ECOWAS, US and so on just to synergize together all affairs relating to their geopolitical zone. if you read about history very well you will discover many countries that have been colonized by US and the British but later have their freedom.

Another scenario is taking this forum as an example, we have begginers and experience members here, if any begginer who is a newbie wishes to progress on the forum no any legendary member will hinder that else such member go against the forum's rules, if you're doing well on the forum the experience members may decide to merit your quality post which can help your growth while on the forum. lastly heaven help those who help themselves.

Agbe

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Political economy refers to the relationship between the State and the Economy. How the state controls the economy for the betterment of the citizens.

The Nations or States that understand the above concept very well, adopt crypto currency to boost and sustain the fiat currency and also uses it to execute developmental projects in their countries.

Most countries make policies to control Crypto currency

Such Countries are: British. https://complyadvantage.com/insights/crypto-regulations/cryptocurrency-regulations-uk-united-kingdom/

United States of America (U.S.A) https://www.google.com/amp/s/www.globallegalinsights.com/practice-areas/blockchain-laws-and-regulations/usa/amp etc. These countries are well developed, yet, they adopt crypto currency to make things easy.

But the developing nations or countries that adapt the developed countries system of government could not take the good parts of the political culture of the developed Countries.

Is it that, the international law forbid the development of the developing nations? Or is it the wickedness of the leaders not to develop their Countries?

Because adopting Crypto currency in a State is a very good welcoming development in the State's economy.

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