Topic: Some information on Bitcoin (Read 488 times)

I have been to BTC industry over some years, I don't think BTC is a bad digital currency and, it will never be a bad digital currency when you use it rightly because every currency in the world has their rules which is among some things that is making their citizens to continue value the particular currency in their country likewise BTC too.

 I will advise other countries of the world to support BTC and, it will help them to fight unemployment, delay in transaction that is fighting their citizens and if they will be able to adopt and support BTC, I believe they will begin to see some positive changes in the areas of unemployment, delay in transaction and economic which are the good things any countries of the world that will support BTC will continue to enjoy.

It is too personal and we should not force our personal thoughts to be accepted by the public.
Bitcoin, with all the basic knowledge and continuing to understand Bitcoin in detail, is indeed a currency with all the advantages that are known to many parties, but it is not necessary to designate it as legal tender because there are various factors that are the cause.

For us, by approving Bitcoin as we wish, we admit that the economy will progress. I don't require them to make Bitcoin like in El Salvador, by introducing Bitcoin without having to ban it is enough to help a country's economy.

But to get police and legal protection, we need to pay our taxes in full and follow all the regulations set by the government, including KYC. But I think many people won't like this, not too many people like being controlled by the government and not too many people like paying taxes. Meanwhile, if we invest illegally in bitcoin, we will avoid taxes but will not be protected by law if we fall into a scam trap in the market. It can be said that both have advantages and disadvantages.

And the funny thing is that many investors are very greedy, they want privacy and don't want to pay taxes but they always want to be protected by the law every time they fall into a fraud trap. Just like when FTX collapsed, many people complained and criticized the government for not protecting them but how many investors voluntarily pay taxes to the government?

There are pros and cons of being legal or illegal. Legal means citizens can use Bitcoin with law protection and if they get scammed, they can file reports to police, banks for help to get their money back. Illegal means citizens can use Bitcoin but law does not protect them with trading or investing activities. If they get scammed, they lose money, no one will protect them and support them to get money back.

Tax is another thing. No regulation, not legal yet, means you will be less watching in tax. Better protections with laws also mean stricter regulation on personal tax.

Even if Bitcoin is illegal in a country, the people of the country can invest or trade in Bitcoin. But there is an advantage if Bitcoin is legal in the country, Bitcoin can be used without any legal hassles. The country I live in is Bangladesh, Bitcoin is not legalized in our country. No initiative has yet been taken that Bitcoin will be legal in the future. However, many people in our country invest in Bitcoin and many people do trading. Using cryptocurrency is a legal offense in our country. Cryptocurrency users are punished if the administration finds out, so we have to be very careful. We have an advantage that we don't have to pay any tax on our bitcoins.

There are only two countries where Bitcoin is legal tender.

https://coinmarketcap.com/legal-tender-countries/

For other statuses of legality, there are some websites to check information.
https://newhedge.io/terminal/bitcoin/legality-map
https://coin.dance/poli/legality
https://www.atlanticcouncil.org/programs/geoeconomics-center/cryptoregulationtracker/

There are countries that'll ban Bitcoin and we won't care about the ban but there are other countries that their bans can't be ignored because it'll have its impact on the growth of Bitcoin. No country can't stop the growth of Bitcoin but they can delay the growth it spread so we don't wish for these country to join the others small countries that are banning Bitcoin. Bitcoin hasn't possed any threat to them and they should understand Bitcoin and choose to work with it instead of fighting it.

If the government are wise they would realized that there are alot of ways to benefits from the industry by collaborating with it instead of fighting it. I don't support centralization but they're alot of people that still wants the centralized authority to control their finances which is what they still prefer to use centralized exchanges and wallets providers instead of using the ones that give them full controls. The government can work with this service providers and regulate the market therefore giving the supposedly safety to those that trust them.

Fighting Bitcoin isn't the way to go and the government have to do better, their citizens wants to be incharge of their finances, that isn't too much to ask. They're taking the workload off the government so I don't see any reason why the government are getting all defensive and banning Bitcoin.

Op how do you know that those are countries that support bitcoin and not supporting bitcoin. You information is wrong, you didn't write the countries that support bitcoin as a legal tender. Such as El Salvador and Central Africa Republic which have adopted bitcoin as a legal tender in their countries and must those countries you mentioned were the haters of bitcoin and it is recently some of them are even trying to accept bitcoin and they are not in the history of countries that accepted bitcoin.

And I will agree with you on the area that bitcoin will be the best currency in the world.

It may be your personal opinion but the governments of countries where Bitcoin is not legal are not less experienced and less knowledgeable. They know very well why Bitcoin is not legalized in their countries Governments of countries that do not legalize Bitcoin think that if Bitcoin is legalized it will increase the amount of money laundering in their countryI am a citizen of Bangladesh but bitcoin is not legal in our country but here bitcoin transactions are constantly going on secretly. Even every year in the news headlines in our country many people are caught by CID due to Bitcoin and cryptocurrency transactions.

One simple thing we all know about Bitcoin is that Bitcoin is a virtual currency. Our Bangladesh Bank has warned us many times and they said that Bitcoin is a violation of law for money laundering and use of virtual currency for terrorist activities by transacting in this virtual currency so the government in our country has not yet taken any initiative to legalize Bitcoin.

I think being opposed by other countries or the IMF is not a matter of concern. The main problem is that even if a country completely eliminates fiat currency and uses bitcoin as its main currency, it will not help that economy grow or become a powerhouse. Bitcoin is very volatile and using it as a primary currency only causes the economy to collapse faster and that is why Elsavador uses bitcoin along with USD in their country. Not to mention the president of El Salvador is also focusing on investing in bitcoin like us and they need profits like us, not just considering it as currency.

Bitcoin was created by satoshi to be a peer-to-peer currency but let's see what bitcoin is becoming. It has been an asset, a highly volatile investment.

People can see Elsavado's example and assume that every country can succeed by supporting BItcoin as a currency. Things are not that simple. A country's currency is associated with many more complex things than we think. In addition, there must be determination from the country's leaders when the pressure from larger countries and from the International Monetary Fund (IMF) is huge. They will never want your country to use Bitcoin as currency, because if so, small countries will no longer be dependent on them, but will have the right to self-determine when using Bitcoin, because Bitcoin simply can't be printed like as fiat currency.

Bitcoin is one of the most popular projects in the world, day by day Bitcoin is becoming more popular and people are showing interest in investing in Bitcoin. Perhaps Bitcoin is legalized in many countries around the world whose governments have the power to regulate Bitcoin. But Bitcoin is not legal in our country maybe or the government is completely failed to manage it so the government of our country has not given decency to Bitcoin in our country. Due to some unscrupulous black market trading, it is better to have Bitcoin illegal than to lose the ability to manage it properly. But if Bitcoin was legal then maybe the common people of our country could work on Bitcoin more peacefully.

  If you look at the countries that supported BTC in their countries, you will know that they are doing well and their economy is making progress since they allowed their citizens to have access to decentralized currency which is the best thing a knowledgeable government can do to allow in the country.


I believe they will support BTC Soon because, they have seen what those countries that supports BTC are enjoying in their economy which it will also allow them to enjoy the same favour if only they can support BTC to be among the countries that is supporting BTC in this year 2024.

Supporting Bitcoin depends on the government's decision in that country and there is no obligation for a country to support Bitcoin, they are free to ban or support Bitcoin. Especially in countries that are currently having difficulty increasing the value of their currencies, it might give the impression that they will be very protective of their economies and banning Bitcoin is one way to protect their currencies.
Moreover, regardless of whether these countries support it or not, Bitcoin will continue to develop in the future, so there is no need to worry about countries that ban Bitcoin.

Countries that have legalized Bitcoin use Bitcoin openly, but countries that have not legalized Bitcoin use Bitcoin secretly. As you have mentioned some of the countries here, among them Bangladesh and Morocco I know some people online. I asked my online friends how to use bitcoin in your country, he told me that we use bitcoin secretly but our government doesn't pressure us in any way. We can safely use bitcoins properly.

So I say bitcoin is used in almost all countries but secret and open these two methods are used in all countries.

I'm a bitcoin supporter, a bitcoin investor, but I'm very realistic. I want to ask, are you an expert or economic advisor? On what basis do you assert that if countries accept bitcoin, their economies will definitely improve? For a country's economy to function, thousands of factors are required to create it. How can relying on bitcoin alone improve things? Bitcoin is money, a highly volatile investment asset, it is not a panacea or panacea. We need to be realistic and focus on improving the economy for ourselves and our families instead of giving advice that is beyond our understanding.

Just as you have the right to support Bitcoin so do other people too who believe that Bitcoin is harmful to their economy, and for that, they outright procrastinate in taking the time to properly study and analyze the potential that is embedded in Bitcoin, although some countries around the world are beginning to come to terms with the reality of the advantage of adopting Bitcoin and one of those countries are El Salvador who announced Bitcoin adoption sometime in 2021 which make a significant change in the country economy as the various Bitcoin holdings, are at high profits by now considering bitcoin current price.


One more thing, you will need to work on the thread because it lacks the needed content to make a good discussion,  i advise you to consider locking the thread.

It's not really going to be easy to accept bitcoin globally,bitcoin is a good cryptocurrency but its not all that consider it to have the same value.Bitcoin only benefits people that utilize it with caution and knowledge.If many of us have listened to the critics and misconception that people have laid,bitcoin wouldn't have attention and gained recognition.The financial technology is enjoying the benefits of having bitcoin in it so far.What gives it value more is the ability to stand out and rehabilitate the financial system to all bitcoin enthusiasts.
 Bitcoin advocates users to a decentralized structure built on trust and networking transparency.

Bitcoin is the most talked about project currently in the world. And it’s has grown widely over the years, spreading wide across the globe. We all saw how steadily the project went. The use of bitcoin comes with its own advantages and also disadvantages, but in my opinion I feel the advantages are greater than the disadvantages. One of the advantages of bitcoin is the decentralization. Another is the fast and swift transaction process and it’s transparent. There are lot of advantages to take from using bitcoin. As we all know what ever has an advantage will also have its disadvantages. The government of some countries are being skeptical about adopting this new technology due to its high black market activity. But all this can be controlled by the founders of the project. The Government can work in hand with these companies to better manage the use of bitcoin.
Bitcoin as we all have improve the life of some people. And it will continue to improve if properly invested and regulated.

Most of the countries have accepted bitcoin but there are many other countries which will not accept bitcoin due to some issues in those countries but according to my suggestion every country should legalise that things which are profitable for the economy of citizens as well as country. Government will never accept bitcoin until it turn from decentralized into centralized as those things which are not under their control are sometimes use as illegal works which will be bad for both humans and country.

Everything happens for a reason so when country don't allow bitcoin investment so may be it is better for you because country's situations are better understand by government as compared to citizens.

I suppose that some countries can get benefits in case of btc legalization, while for some other countries it may turn out to be a disaster. In general, money system of any country is based on traditions, so any financial innovation has benefits and drawbacks. Some countries have a good internet coverage and powerplants, while others experience problems with networks and energy supply... Moreover, there are many countries (and territories), which can't introduce innovative fintech solutions due to the fact that many people there don't have a smartphone... So, the outcome of btc legalisation depends on multiple factors...

For now I don't think all the countries of the world will buy the idea of supporting bitcoin as a legal tender in their country, here are few points.

 1) Local currency (fiat): believe this all not almost all the countries of the world values their local currency more than anything else even when the values are depreciating they still believe that since it has existed for many years they wouldn't want any alternative that they know nothing about.

2) Governmental influence: governments and her agencies has played a major role in determining the acceptance of cryptocurrency in the country because they understand that Bitcoin is not like the local fiat currency that can be regulated and controlled by them so they wouldn't accept it hence their won't be in control of their citizens financial dealings if bitcoin is accepted in the country.

Personally I support the acceptance of bitcoin all over the world but bitcoin does not guarantee the total economic growth of any nation because it is not a Ponzi scheme investment but rather it can improve the financial situation in the country if the their in increase in the price compared to when one invested in it andore over, all the countries that accept bitcoin currently are not listed as the richest countries in the world but with time they can get to the level.

Maybe the intention is to trade it, not support it as a medium of exchange or currency, as far as I know the countries mentioned prohibit bitcoin trading.
Yes, only El Salvador legally accepts payments using Bitcoin for transactions, there are several Latin American countries that also want to do it, but I no longer follow the updates.

How can you support individuals? what about those who have a small economy or can be said to be poor and cannot buy more bitcoins, and of course if it works rich people will buy it first in large quantities.

Even though the post is short, there are plenty of dubious statements and ways of phrasing things here. The USA isn't against Bitcoin, but the SEC refuses to regulate it, the Congress is considering mining restrictions due to environmental concerns, and Bitcoin is taxed heavily. Then you say European countries, but include Mexico and Japan in the list. Oh, and the UK, while generally supportive of Bitcoin, also has some restrictions, such as shutting down Bitcoin ATMs.
Bitcoin is a good currency, but whether it's the best is a matter of opinion and what we put into the word "best".

@OP are you forget to write "gambling is bad" in the last sentence?

If a country want to make money, they can accept everything including the unethical for many people e.g. Bitcoin, gambling, alcohol, drugs, selling organs, selling weapon etc. There's a big demand for such thing, the country can tax and make money from it. But the government need to work and accept the risk by legalizing these stuffs.

I am also a bitcoin enthusiast, I also want bitcoin to become popular all over the world. But I really don't think bitcoin will be able to help improve a country's economy, I really don't understand why people always talk about that. Bitcoin is just currency and it is used for circulation, it cannot create jobs or help increase import and export to improve the national economy. The world or national economy depends on many factors and bitcoin is not a panacea.

Regarding the issue that there are still some countries that still ban bitcoin, I don't think we need to worry about that because as we have seen: more and more countries accept bitcoin so it is accepted globally. the whole world is just a matter of time.

Some of the countries you've mentioned here have once taken it hard on bitcoin in the last before they have a change in the way they legalize bitcoin for their citizens to use, we should know that wether the government support bitcoin or not, nothing csn stop it adoption or hinder the acceptance it has developed with the people's willingness for adoption even if the government remain adamant towards it adoption, what bitcoin has turned to is beyond what the common government influence could achieve their goal from stopping people to use bitcoin, even though it's not yet a legal tender in many of these countries, it's remains a legalized digital currency the people always want.

Bitcoin is not the only thing you need to support your economy in a country, of course bitcoin is necessary because it allows for decentralised monetary transactions, but you don't only need that to grow your economy other factors needs to come into play, ranging from manufacturing and exporting of goods to the international market.

For some of the countries you mentioned that didn't support bitcoin, at least I know of some you can still do P2P transaction to get your money, it Then means bitcoin transaction have been going on with those countries.
I just believe with time the general acceptability of bitcoin will come into fruition and some of this countries will relax their restrictions.

Can you provide the source to back up your findings? By support, you mean the countries that have given the green light for its people to use Bitcoin without any violation because I don't think there are countries that support Bitcoin but legalized it as a legal tender and do not provide any help, instead it is bitcoin that has been supporting them anytime they are in problem, Ukraine will never forget the donations that were made for them from people around the world to support them during the peak of the war in their country. Nevertheless, their still an increase in the use of Bitcoin in these countries you mentioned with the help of p2p.


Their different diversity across different countries, I don't think what you suggested will be valid in all countries, every nation will not make Bitcoin a legal tender but that's fine to me if they allow people to use it and do whatever they feel like doing with their bitcoin, it is fine by me because the adoption is what matters and not what other centralized group want it to be or they like it to exist.

As an investor, we all want that to happen but just as what we're saying this means that you can't please everybody. Those countries that dislike bitcoin and even banned it will remain as is with their decisions. But you'll never know when they might lift that dislike and ban.

It's not a promise but they need to consider that. We don't have to force them to do so just like what we've seen from the institutional investors. They were never forced to do what they're doing now but just take a look at many of them, they've adopted bitcoin and even invested on it and that's why the same thing might happen to those countries who are not 'yet' supporting bitcoin.

Again, this is just a reminder that bitcoin is not going to solve a country's economy. You you can used it as a legal tender like El Salvador, but it's not like a magic bean that will suddenly make a country GDP increased or provide jobs for it's citizen. Or it's population being rich and wealthy, it's not easy as that. Bitcoin become a investment vehicle, but it's not a get rich quick scheme.

It's good that we have countries that supported it, or at least government very lenient about it. But there are countries are well that doesn't like it because it will give so much freedom to their people and so it's will go against their basic principle, specially government that is oppressive and totalitarian. So at least there is a balance and that is good enough for us.

That's the problem with the post, the OP was not clear. Support for Bitcoin can be categorized into different sections.

Legal tender:There is just one country where Bitcoin is a legal tender which is El Salvador. Central African Republic has repelled the law that made Bitcoin a legal tender in the country. While in some nations Bitcoin is a currency and not a legal tender. As a legal tender individuals and corporations are mandated by the law to accept Bitcoin. So nobody has the right to reject it as a means of payment. 

Currency: You can use Bitcoin freely in places like Hong Kong and Dubai because the law fully supports it. Bitcoin is a recognized medium of payment. Banks and other institutions can pay and receive Bitcoin from customers. As a currency it not compulsory that it must be accepted by any individual or institutions except it is backed a law or agreed by both parties.

Partial Ban: Some countries have laws that ban or place restrictions on Bitcoin but they are hardly enforced. In such countries, you are free to engage in Bitcoin without any restrictions. Also, some countries have no policy on cryptocurrencies, one is also free to use Bitcoin in those countries. In some countries like Nigeria, only banks are restricted from engaging in Bitcoin transactions so citizens and companies can freely use the coin.

Strict ban: Some countries like China enforce the ban on Bitcoin and violators can be persecuted. In some countries investing, trading, or using Bitcoin is a criminal offense that can attract a fine or imprisonment.

Tax friendly/unfriendly : There are also nations that are tax-friendly to Bitcoin while others are hostile. In many nations, you will just have to pay little or sometimes no tax on income from Bitcoin but some tax it heavily. Germany, Singapore, and Hong Kong have lenient crypto tax laws.

Mining friendly/unfriendly :We can also have another two categories which are nations that have banned Bitcoin mining and others that are not hostile to miners. The United States of America is mining-friendly.

Even if a country supports Bitcoin, it does not necessarily imply that the country's economy will grow rapidly. I don't think it's that simple. Because, in my opinion, there is an appropriate procedure for this to occur.

Of course, you will inform your constituents about it. We know that most people are unaware of it; there are still many who are unaware of it, and it is inaccessible, particularly to people in the provinces. You understand what I mean because the country that supports Bitcoin is still distinct from the country that made Bitcoin legal tender. Do you see what I mean?

If we expect governments to accept bitcoin as a currency or means of payment to replace fiat, then I think it will be very unlikely, because we also know that they cannot control it, so their acceptance of it is very unlikely. So far, many countries have stopped being hostile and accept bitcoin, but most only consider it a commodity. No country has yet accepted bitcoin as currency except El Salvador which has accepted bitcoin as legal tender. But what I know they are also focusing on investing in bitcoin rather than adopting it to completely replace fiat currency.

Indeed, Bitcoin is the best currency in the world. Because of it, other coins and tokens emerged, and as a result, many great online opportunities opened up. Thanks to cryptocurrency, I gained value that I couldn't have obtained with the local currency. Bitcoin and other cryptocurrencies have given the freedom of having money.

I don't think Bitcoin is bad; it may only seem negative to some because of their experiences when entering the world of crypto and Bitcoin.

You're taking a one-sided view, so obviously there are pros and cons to supporting bitcoin in a country - the government wants fiat to be one of the means of payment because it can control it rather than bitcoin which is anonymous.

A country has different regulations even to the point of opposing it, this is still quite difficult to adopt early because bitcoin has only been around for more than a decade, so if you are in a friendly part of the country you are still grateful to be able to enjoy the real use of bitcoin, but there is a country that legalizes bitcoin only as a commodity asset while other payments are prohibited.

What kind of support do you mean? Does this country support it by campaigning for the use of Bitcoin? or support in the form of government regulations for bitcoin?

In a country's very complicated economic system, the use of bitcoin can have a good or bad impact depending on the readiness of the country and its population to understand bitcoin. If people are not ready and do not know how to make transactions and maintain the security of their wallets then this could become a new problem, besides that Bitcoin is often used by irresponsible individuals to carry out fraudulent Ponzi schemes. So whether Bitcoin is good or bad is relative and requires a good understanding of every aspect of society

You want to catch information about bitcoin? But turned out you're the one giving us the information here and we the readers are at the information catching end from you. Lol.

Please title your topic to correspond with your message next time.

Its no compulsory all countries must have to adopt bitcoin in my judgement as much as they give free hands to the citizens of the country to trade and do transactions with bitcoin not making policies that puts the individual adopters in a tight corner then am okay with it.  

I am sure bitcoin don't need the support of those countries to survive even as their support will be appreciated the continuous growth of bitcoin doesn't depend on it.

I am not sure all your information is correct but it seems like so but those nations and their policies, regulations are different. Support levels as well as restrictions are different in different nations, not the same even you can categorize them in support or don't support Bitcoin.

2023 Global Crypto Adoption
PWC - Global crypto regulation report 2023
Cryptocurrency Regulations Around The World

I don't need governments to support Bitcoin to use it but it will be more comfortable if they support it. For your sake of benefit, from safety, security to anonymity, government support Bitcoin or don't support it, you must always use non custodial wallets and don't store your bitcoins in online accounts which are custodial and can be requested to seize by governments.

If I should ask "What do you mean by to support Bitcoin?" Or are you referring to legalizing it as it's been done in some countries (e.g El Salvador & Central African Republic), because if that's the case & what you are referring to then I think you just need to understand that the fact that BTC is not legalized in a country, it doesn't mean it's prohibited or a crime for someone to buy or invest in it as an alternative asset for the future. And as such, there are some people who still own Bitcoin in a non-Bitcoin environment through the help of p2p, which anybody can use same medium to get their first BTC

Point of correction, I will like to say that supporting Bitcoin by a nation has nothing to do with boasting it's economy, as there are more other factors that contribute to economic growth, such as the availability of in-demand  natural resources a country has and e.t.c, but if you meant individual growth, then I can agree with you that's where bitcoin comes into play

First of all, there's no uniformity between your topic and the content in your thread. I would advise you to consider when next you are making a post to look for a suitable topic that will align with your content to avoid misleading the readers.

Talking about bitcoin adoption, you just as individuals have preference and choices, so as state government also have choice to accept or reject anything they feel it's not going well with their settings. Accepting bitcoin is something we do by our consent and choice and not because we are force to accept it. The important thing is that as an individual, you don't need to wait for government to accept bitcoin before you can partake in it. The anonymity of bitcoin is one advantage that allows people to adopt and use bitcoin despite the approval from their various state government else a quite number of people would have been traced and punish for going against the government. Consequently, that's also one reason why some people think bitcoin is invented to support evil which is a very wrong perspective. Gradually, bitcoin adoption will become a universal thing.

This is your personal opinion, but at the national level, supporting Bitcoin as a legal tender will not be positive for countries, as countries are trying to centralize their economy and control all the money, but adding Bitcoin to the reserve and using it in international trade will have greater economic feasibility and imposing taxes on transactions and activities related to Bitcoin.

For individuals, purchasing Bitcoin may lead to a change in financial conditions if Hodling it in the long term, especially in developing and poor countries.

You should know something though. It's not everyone that will accept and embrace Bitcoin even if it came and slapped them in the face. Bitcoin can be used as a hedge against inflation, but then again, not everyone's interested in that. Also, if you observe these nations you've mentioned that don't accept Bitcoin are Muslim nations. If you check on here , Bitcoin is regarded as Haram or halal. Ever since it's inception in 2008, it grew popular and received different kinds of reactions; others have openly accepted and are using it as legal tender but others still see it as evil and a means to conduct illegal activities because .And this is where most Muslim nations express concern.
 So just because we want to get everyone orange pilled doesn't mean we shouldn't respect their culture.

I think the discussion should be countries where Bitcoin is banned and not banned. If that be the case, the list of countries where people are allowed to trade Bitcoin or forbidden from trading Bitcoin is longer than this.

To set the record straight, the only country I know that have made Bitcoin a legal tender is El Salvador. However, there are many other countries that are friendly to Bitcoin such as Central African Republic, Argentina amongst others.

I know many will join with time but for now, the world super powers that controls the fiat system have not come to terms with Bitcoin. They wouldn't want to hand over their control of world financial systems so easily.

Bitcoin information from around the world


Among the many countries that support Bitcoin are: the United States, Canada, Australia, and many European countries.Finland, Iceland, Spain, United Kingdom, Mexico, Germany, Japan, Denmark And some of the countries that don't support Bitcoin are: Bangladesh, Egypt, Algeria, Morocco. At the age of 2023, this number of people who have not yet supported Bitcoin has been given to Bitcoin.



Every country in the world should support Bitcoin because it is the best currency in the world. To those countries who have not supported Bitcoin, I would like to say to them, if you support Bitcoin soon, your country's economy will go a long way.