IMO restricting Bitcoin and banning it in some countries doesn't necessarily mean that the government lacks advanced knowledge about Bitcoin. They might believe that implementing Bitcoin in the country could lead to financial problems especially if a large portion of the population adopts Bitcoin and uses the country's currency less.
There could be other reasons that I'm not aware of. But to be honest, if I could influence government decisions worldwide I would advocate for the widespread adoption of Bitcoin. This would allow people to use it without restrictions which could benefit both people and the Bitcoin itself.
Topic: Some Countries living behind their century, taking a back sit on BTC evolution. (Read 529 times)
September 18, 2023, 12:09:48 PM
September 18, 2023, 12:00:49 PM
Bangladesh, Domican Republic, Bolivia, Nepal, Ghana, Algeria and a host of other nations seems not to understand the times and seasons as regards world changing currency BTC, despite being accepted in most part of the world.
I personally think more awareness about the benefits of trading with cryptocurrencies needs to be created particularly in nations where there are restrictions and banned on cryptocurrencies and also it should be made more simple for easy use no matter the level of one literacy. More work is needed. What are your thoughts?
I personally think more awareness about the benefits of trading with cryptocurrencies needs to be created particularly in nations where there are restrictions and banned on cryptocurrencies and also it should be made more simple for easy use no matter the level of one literacy. More work is needed. What are your thoughts?
I think this has to do with educating the public about cryptocurrencies as a whole. Perhaps majority of their population does not even know about the existence of BTC in the first place, which is why the demand to push for such change is aloof on the part of the government.
Though this may be the case, I do agree with your point that these countries must consider the potential and opportunities behind cryptocurrencies. Lots of people are missing out on learning about its concept which may be considered as a win-win situation for both.
I just hope that in the future, more countries would integrate cryptocurrencies on their financials and more countries would start to adapt it as an alternative payment method for their products/services.
September 18, 2023, 11:38:02 AM
Bangladesh, Domican Republic, Bolivia, Nepal, Ghana, Algeria and a host of other nations seems not to understand the times and seasons as regards world changing currency BTC, despite being accepted in most part of the world.
I personally think more awareness about the benefits of trading with cryptocurrencies needs to be created particularly in nations where there are restrictions and banned on cryptocurrencies and also it should be made more simple for easy use no matter the level of one literacy. More work is needed. What are your thoughts?
I personally think more awareness about the benefits of trading with cryptocurrencies needs to be created particularly in nations where there are restrictions and banned on cryptocurrencies and also it should be made more simple for easy use no matter the level of one literacy. More work is needed. What are your thoughts?
Well, Bitcoin is a Censorship Resistant, Permissionless and Unstoppable system that doesn't really count on the approval or disapproval of any country or person. It's always open for responsible freedom-loving people escaping tyranny anywhere in the world to be part of it. And it's built to protect them as long as they do not abuse/misuse the opportunity.
If you are banned from using the central water supply system, dig a well, rely on rain or natural water supply. They can't be banned or censored.
September 18, 2023, 06:40:19 AM
Oddly, certain countries don't grasp this financial revolution message. In countries with unreliable banking systems, cryptocurrencies could be game-changers. Education is a must. In many locations, "Bitcoin" still makes people stare at each other (not positively). More knowledge helps people make healthy decisions. For those unfamiliar with crypto, it can be like reading a philosophy book. You must simplify. It's not enough to offer crypto. Easy to understand is also required. There are many perplexing terms, such as "blockchain," "mining," and "wallets." Very easy to get lost.
There are two things I think are the problems here, one is that some countries have an understanding of the technology "Bitcoin" but I think are scared to adopt it because they can control it and in some cases are afraid of what it might do to their local fiat currency if they fully adopt it. Using my country, for instance, when the government saw the increasing number of transactions involving crypto, alongside the Naira was on a steady decline against the USD, They quickly placed a ban on crypto transactions in a way to frustrate and discourage participants from it, thinking it was a way to solve the problem.
while some countries are still studying Bitcoin and yet to make decisions and other set of countries don't even know the benefits it comes with, this is where I think Bitcoin education is hugely important and more awareness should be created.
Understand that Bitcoin's decentralisation is like crossing new waters for many countries. A comprehensive prohibition, especially if hastily made, may not be the answer.
Its important that you brought up schooling. Knowing reduces fear. If there is a structured, widespread education campaign regarding Bitcoin, policymakers can better discuss its advantages and cons. Fear may become more manageable and beneficial with time and knowledge.
September 18, 2023, 04:31:25 AM
Some of these thread names really give me eye cancer. 
If you can't get it right please try to use google translate or something. That's better instead of fabricating this mess I think.
Anyway, of course the subject of this thread is still up to date since many countries for some reason don't believe or just straight up block cryptocurrencies.
I think they just want to keep the population in check and stay in control of finances. It's easier to control the masses if you control their habits and opportunities.
If you can't get it right please try to use google translate or something. That's better instead of fabricating this mess I think.
Anyway, of course the subject of this thread is still up to date since many countries for some reason don't believe or just straight up block cryptocurrencies.
I think they just want to keep the population in check and stay in control of finances. It's easier to control the masses if you control their habits and opportunities.
September 17, 2023, 05:29:07 PM
Countries lives behind the century. This is completely common thing, because big number of countries have never considered it as well as hadn't thought of regulating/legalizing its usage. Atleast some teams should have been organised to study whether there is need of bitcoin or not. This indicates the fear of the government, but the people of the same country have well understood about bitcoin and find loopholes to make use of it. In this way we were able to find good number of people from countries that had made outright ban on cryptocurrency.
September 17, 2023, 01:38:54 PM
I know some Ghanaians that are very interested in crypto-currency and definitely open about their enthusiasms on crypto-currency so I don't think those fact are correct
And also there are very few countries that has come out openly to say they accept Bitcoin even the very developed countries hasn't, we have country like Elsalvador and some major's of US cities who has taking the bold steps in that regards.
Well I believe crypto-currency was meant for individuals to take advantage of it, you do not completely need the government to spoon feed anything to you, I have come to discover that the government aren't as concerned about my interest than myself, what I may advice is that those who have knowledge about Crypto-currency should try to enlighten others around them who doesn't.
And also there are very few countries that has come out openly to say they accept Bitcoin even the very developed countries hasn't, we have country like Elsalvador and some major's of US cities who has taking the bold steps in that regards.
Well I believe crypto-currency was meant for individuals to take advantage of it, you do not completely need the government to spoon feed anything to you, I have come to discover that the government aren't as concerned about my interest than myself, what I may advice is that those who have knowledge about Crypto-currency should try to enlighten others around them who doesn't.
September 17, 2023, 01:22:15 PM
Oddly, certain countries don't grasp this financial revolution message. In countries with unreliable banking systems, cryptocurrencies could be game-changers. Education is a must. In many locations, "Bitcoin" still makes people stare at each other (not positively). More knowledge helps people make healthy decisions. For those unfamiliar with crypto, it can be like reading a philosophy book. You must simplify. It's not enough to offer crypto. Easy to understand is also required. There are many perplexing terms, such as "blockchain," "mining," and "wallets." Very easy to get lost.
There are two things I think are the problems here, one is that some countries have an understanding of the technology "Bitcoin" but I think are scared to adopt it because they can control it and in some cases are afraid of what it might do to their local fiat currency if they fully adopt it. Using my country, for instance, when the government saw the increasing number of transactions involving crypto, alongside the Naira was on a steady decline against the USD, They quickly placed a ban on crypto transactions in a way to frustrate and discourage participants from it, thinking it was a way to solve the problem.
while some countries are still studying Bitcoin and yet to make decisions and other set of countries don't even know the benefits it comes with, this is where I think Bitcoin education is hugely important and more awareness should be created.
September 17, 2023, 12:46:00 PM
Awareness is for the general public, and the bans and restrictions are put by the governments who are always well aware of everything they do these things deliberately because most of them find Bitcoin to be a threat to their traditional financial institutions since people will slowly convert their storage of wealth and savings from those institutions into Bitcoin and the governments don't want that to happen hence they are imposing bans and restrictions on it.
I'm pretty sure that in all those countries, people are very much interested in using Bitcoin, I can see a lot of people from Bangladesh on this forum who are still involved with cryptocurrencies despite their government being pretty strict regarding the ban they've imposed. So, it's not the ease of access of use that is stopping these nations, it's their governments.
I'm pretty sure that in all those countries, people are very much interested in using Bitcoin, I can see a lot of people from Bangladesh on this forum who are still involved with cryptocurrencies despite their government being pretty strict regarding the ban they've imposed. So, it's not the ease of access of use that is stopping these nations, it's their governments.
September 17, 2023, 09:55:33 AM
I personally think more awareness about the benefits of trading with cryptocurrencies needs to be created particularly in nations where there are restrictions and banned on cryptocurrencies and also it should be made more simple for easy use no matter the level of one literacy. More work is needed. What are your thoughts?
Your thoughts on the benefits of cryptocurrencies and trying to provide suggestions to bring awareness to several countries that still reject and prohibit cryptocurrencies are good. But being aware of the authorities in several countries regarding matters related to cryptocurrency is not very easy because those who want to be aware are smart people and also have certain positions in their countries.
So something like that will always be difficult to do alone, because dealing with large crowds will not always be easy so there still needs to be other help from several parties who already believe in cryptocurrencies so that state parties who still don't believe in the benefits people from cryptocurrencies want to listen to it and make special considerations about it after they understand it very correctly and thoroughly.
September 17, 2023, 09:27:11 AM
~Snip
I can pretty much relate to what you are trying to say. That is the beauty of Bitcoin. It gives you security and protects your privacy. And it is yours to use however you want as long as you keep it to yourself. Your key, your coin. Even with all these restrictions, we can still use Bitcoin if we want to. It's only a matter of how we use it. There are many people here who use Bitcoin and you can see that if you go to the local section. Banned? so what? Bitcoin has the power and it also gives its power to its users. Until Bitcoin becomes legal here this is the only way we can use Bitcoin. I am sure one day it will be legalized here. That day is not that far away I guess. So till then we can accumulate as much as we can and maintaining a safe strategy we can continue to use it. But safety first.
September 17, 2023, 01:01:11 AM
I am from Bangladesh. It is one of the misfortunate countries where Bitcoin is banned. From my point of view, Bitcoin could open up many possibilities that could help the country. But the government is so ignorant that after knowing everything, they will never accept Bitcoin or legalize it. We just want to use our Bitcoin freely. No restriction! That's all we want.
But the government will say as always, that Bitcoin is something that is used for illegal activities and only the criminals are using it for their advantage. Like WTF! They use money too. Ban money too! what's stopping them?
A painfully familiar picture. In my country, the situation is exactly the same, but this does not stop me from engaging in crypto. It is possible that under a different government the situation will radically change to the opposite. Be patient. Unless, of course, you are 70-90 years old)But the government will say as always, that Bitcoin is something that is used for illegal activities and only the criminals are using it for their advantage. Like WTF! They use money too. Ban money too! what's stopping them?
Keep a low profile and try to do everything quietly so that you do not come under strict surveillance by government agencies. This could lead to dire consequences in the future. That's what I do. There is no need for me to shout at the top of my lungs that I can make transfers to another country using crypto projects or earn a small income. This is of no use. Let everything remain like this for some time.
September 16, 2023, 09:57:12 PM
Yes, more awareness is needed to know the benefits of crypto for them so they can start using crypto as an investment or a means of payment. And that requires a unique person or group to start introducing crypto to the people of these countries.
But it's best to let them decide how to use crypto and not force them to use it. Maybe the time is not yet right to introduce crypto in these countries, but I think some people already know Bitcoin even though they are still hiding it from others.
They also have to see the crypto status in their country so that when they use it, they will not experience any problems. And if it remains banned, people may not want to learn about crypto or even use it. So this also requires awareness from each government to allow its citizens to use crypto. So let's just wait for news from each country and hopefully, each country's government can allow its citizens to use crypto.
But it's best to let them decide how to use crypto and not force them to use it. Maybe the time is not yet right to introduce crypto in these countries, but I think some people already know Bitcoin even though they are still hiding it from others.
They also have to see the crypto status in their country so that when they use it, they will not experience any problems. And if it remains banned, people may not want to learn about crypto or even use it. So this also requires awareness from each government to allow its citizens to use crypto. So let's just wait for news from each country and hopefully, each country's government can allow its citizens to use crypto.
I am confident that all of these top countries are already aware of Bitcoin, and it is not something they will introduce to them. I believe that the countries that have banned Bitcoin do not understand the benefits of using it. If the government understands the benefits that Bitcoin will bring to its citizens, he will not ban it. However, some governments have opposed Bitcoin because they do not have access or control over Bitcoin, because of is volatile am very sure one day all this country that banned Bitcoin will approve it one day and Bitcoin will be the best investment all over the world.
So if the government doesn't know the benefits, they won't allow their citizens to use Bitcoin even though they can't ban it completely. But I'm also sure that countries that ban Bitcoin will eventually agree to it and it's only a matter of time.
So for now, we should wait for news from these countries. The government may still be busy with domestic problems so it hasn't allowed the use of Bitcoin.
September 16, 2023, 02:43:23 PM
It is their loss. We can’t do anything about it. Some people (or governments) just don’t want to be saved. Bitcoin doesn’t care whether they adopt bitcoin or not. Maybe they will come around when btc hits a new ath and goes above $100k… This happened many times before. Many btc haters became bitcoin supporters when they experience how bitcoin performed. If I am not wrong, Michael Saylor used to be a btc hater too and then he became a huge btc supporter. If people can change their views on crypto, countries can do it too.
Well you can't possibly think everyone and every nation will accept bitcoin, even bitcoin has proven it's worth tons of time over the years many people will still just think opposite of the current benefits of having or operating with bitcoin. Well as for my country and bitcoin it was also a case of cat and rat but I thank GOD the new adminstration has actually given a green light towards the use of bitcoin and other crypto assets so instead of banning bitcoin they are actually now thinking of tasking it's transaction. 
September 16, 2023, 02:13:19 PM
Bangladesh, Domican Republic, Bolivia, Nepal, Ghana, Algeria and a host of other nations seems not to understand the times and seasons as regards world changing currency BTC, despite being accepted in most part of the world.
I personally think more awareness about the benefits of trading with cryptocurrencies needs to be created particularly in nations where there are restrictions and banned on cryptocurrencies and also it should be made more simple for easy use no matter the level of one literacy. More work is needed. What are your thoughts?
I personally think more awareness about the benefits of trading with cryptocurrencies needs to be created particularly in nations where there are restrictions and banned on cryptocurrencies and also it should be made more simple for easy use no matter the level of one literacy. More work is needed. What are your thoughts?
It is absolutely certain that our government authorities do not have the slightest awareness of cryptocurrency. Above all, the proof of this is that the developed countries of the whole world are ending the financial crisis by using cryptocurrency, while the authorities of our countries see cryptocurrency from the perspective of being unstable and ruining the financial status. When not adopting cryptocurrency is a requirement of ignorance for these authorities, if these people had even a little knowledge of how profitable it is for society, they would also be supporters of facilities like Bitcoin, financial freedom, and immutable, incorruptible value stores. Bitcoin's one small disadvantage should not negate all of its advantages. Rather, it is important to think about how to understand and adopt it for the best financial establishment instead of applying restrictions and bans.
September 16, 2023, 01:28:01 PM
I am from Bangladesh. It is one of the misfortunate countries where Bitcoin is banned. From my point of view, Bitcoin could open up many possibilities that could help the country. But the government is so ignorant that after knowing everything, they will never accept Bitcoin or legalize it. We just want to use our Bitcoin freely. No restriction! That's all we want.
But the government will say as always, that Bitcoin is something that is used for illegal activities and only the criminals are using it for their advantage. Like WTF! They use money too. Ban money too! what's stopping them?
But the government will say as always, that Bitcoin is something that is used for illegal activities and only the criminals are using it for their advantage. Like WTF! They use money too. Ban money too! what's stopping them?
September 16, 2023, 12:31:09 PM
It is their loss. We can’t do anything about it. Some people (or governments) just don’t want to be saved. Bitcoin doesn’t care whether they adopt bitcoin or not. Maybe they will come around when btc hits a new ath and goes above $100k… This happened many times before. Many btc haters became bitcoin supporters when they experience how bitcoin performed. If I am not wrong, Michael Saylor used to be a btc hater too and then he became a huge btc supporter. If people can change their views on crypto, countries can do it too.
September 16, 2023, 12:12:17 PM
Yes, more awareness is needed to know the benefits of crypto for them so they can start using crypto as an investment or a means of payment. And that requires a unique person or group to start introducing crypto to the people of these countries.
But it's best to let them decide how to use crypto and not force them to use it. Maybe the time is not yet right to introduce crypto in these countries, but I think some people already know Bitcoin even though they are still hiding it from others.
They also have to see the crypto status in their country so that when they use it, they will not experience any problems. And if it remains banned, people may not want to learn about crypto or even use it. So this also requires awareness from each government to allow its citizens to use crypto. So let's just wait for news from each country and hopefully, each country's government can allow its citizens to use crypto.
But it's best to let them decide how to use crypto and not force them to use it. Maybe the time is not yet right to introduce crypto in these countries, but I think some people already know Bitcoin even though they are still hiding it from others.
They also have to see the crypto status in their country so that when they use it, they will not experience any problems. And if it remains banned, people may not want to learn about crypto or even use it. So this also requires awareness from each government to allow its citizens to use crypto. So let's just wait for news from each country and hopefully, each country's government can allow its citizens to use crypto.
I am confident that all of these top countries are already aware of Bitcoin, and it is not something they will introduce to them. I believe that the countries that have banned Bitcoin do not understand the benefits of using it. If the government understands the benefits that Bitcoin will bring to its citizens, he will not ban it. However, some governments have opposed Bitcoin because they do not have access or control over Bitcoin, because of is volatile am very sure one day all this country that banned Bitcoin will approve it one day and Bitcoin will be the best investment all over the world.
September 16, 2023, 10:04:30 AM
I believe some countries can allow themselves to be restrictive or suspicious toward Bitcoin in case they are highly economically developed. That's because if they managed to get very successful without cryptos, it kind of makes sense to me that they don't want to risk changing their economies by adopting cryptos, as they have a lot to lose and don't really need the potential gains. But the countries the op mentions are not among them, these are countries that could use a boost and take a risk of becoming crypto-friendly. So I agree that it's a mistake for them not to adopt Bitcoin, and they'll likely feel left behind.
September 16, 2023, 08:50:31 AM
This isn't even just about bitcoin, we are talking about something that is true about everything in some countries. There are still some countries who do not understand the current world we live in. While some nations are improved and going much further and living in a much more developed way, some nations deny this and want to live with the old ways because they know it, and the unknown and the future seems to be a lot more important on the long run as well.
We need to end up doing something that would be a lot better, when will this end up being true and when they will take the future? I feel like the best one would be just realizing how you would end up in the future and get those future kids in power to do that.
We need to end up doing something that would be a lot better, when will this end up being true and when they will take the future? I feel like the best one would be just realizing how you would end up in the future and get those future kids in power to do that.
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